Letters to the editor

Opinion: Government 'bailouts' saved a lot more than just CEOs' jobs

Posted on Sun, Dec 26, 2010 : 9:29 a.m.

While the furor over the "bailouts" seems to have diminished, there are still murmurs of protest, mostly directed at the CEOs and other VIPs whose jobs were saved. Seemingly overlooked are the hundreds, probably thousands, of other jobs that were saved, the middle managers, the sales reps, the clerks and custodians, etc.

A frequently heard question is: Why should the taxpayers supply this money?"

I believe the answer can be found in an analogous situation. Most homeowners carry insurance covering fire, storm, and/or flood damage. Fortunately, very few of us have the misfortune of having to collect the benefits of these policies. The many, (taxpayers/policy owners) protect the few, (job threatened/burned out). Howard P. Fox Scio Township