Letter is 'so ludicrous'

From Eric Nagler, Commerce Township:

The rambling, practically incoherent letter from Dan Ruetenik in the Oct. 19-26 edition (of the Spinal Column Newsweekly) is so ludicrous as to be almost laughable. To address his main point about the 2008 (economic) bust, it wasn’t caused by selfish people on Wall Street, greedy bankers, or even Bernie Madoff. If Mr. Ruetenik would stop engaging in this fantasy, he (and the Occupy Wall Street protesters) would direct their attention several hundred miles south to Washington where the real culprits can be found. For starters, how about the Community Reinvestment Act (thank you Jimmy Carter and Bill Clinton) that forced those “greedy” bankers to make loans to unqualified borrowers? How about (U.S. Rep.) Barney Frank (D-Mass.) and his defense of Fannie Mae and Freddie Mac, those great GSEs (government-sponsored enterprises) that have cost us the taxpayers billions and made the situation worse? How about the Federal Reserve that just keeps on pumping more and more billions of dollars into the economy, thereby cheapening the value of each dollar and driving up the cost of everything?

And as for learning the lessons of history, Mr. Ruetenik (and our clueless president) seems to have forgotten the lesson that Ronald Reagan taught us on how to recover from a recession: lower taxes and less (not more) spending so that we, the public, can decide the best use of our hard-earned money. The response from the White House? Obama shrugged.