Moon way off base - Ahwatukee Foothills News: Letters To The Editor

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Moon way off base

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Posted: Wednesday, November 3, 2010 3:30 pm

Dear Editor:

Quoting Ronald Reagan's most notorious line, "In this present crisis, government is not the solution to our problem; government is the problem," Philip Moon ("So much for Obama's promises," AFN, Oct. 27) implicitly denounces regulation. He conveniently ignores the 1980s' savings-and-loan fiasco, a direct consequence of Reagan's anti-government philosophy. It cost taxpayers $400 billion in taxpayer bailout funds and was ignored as a warning against the more catastrophic 2008 financial meltdown, another consequence of Reagan's anti-regulatory politics pursued by Bush 43.

But conservatives can't let facts get in the way of an alluring slogan.

C.W. Griffin

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