Letters to the Editor

Greed at root of this recession

Apparently Cal Thomas is an apologist for the investing class and supports the continued decline of the working class ("Government has no need to tweak economy," Jan. 25, Page B-7). With his elitist attitude, he talks down to the working class saying, "That money will most likely be spent on products made in China." The reason that things are made in China is that the investing class has shipped the manufacturing jobs over there in the name of making a fast buck.

He is correct when he says, "The economy is adjusting because of greed." The structure of the economy has been adjusting for the last 25 years because of corporate greed and short-term vision. Recession is cyclical, but it is also due to the diminished buying power of the working class as higher-paying jobs have been replaced with service-sector jobs.