Editor, The Commercial:
Mercy me, sakes alive, and carrot coffee! What is the truth in what is being stated as fact out there? Here is some of it, as seen by this old former accounting and economics professor, and life-long student of public affairs. First let me say that I agree with David Axelrod that Newt Gingrich is the godfather of gridlock, and I add that he should not, under any circumstances,
be elected as President of the United States. It has produced a situation so fraught with partisanship that we cannot even pass legislation to pay the normal costs of operating our government.
Further, he claims credit for trickle down economics, which holds that we should give preferential treatment, in taxation and in regulations, to the providers of capital, and if we do, good jobs will trickle down to the middle class and the poor. No greater lie has ever been perpetrated on the American people than this! If true, our country would be flush with jobs right now.
But we have done so for so long that now 90% or more of private wealth in he USA is owned by 10% of the people; and about 40% is owned by the top 1%. Suggested reading: Psalms 82, verses 3 and 4!
Kermit C. Moss
Monticello