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Town Hall Meetings
Letter to the Editor
Wednesday, August 17, 2011 • Posted August 17, 2011

Dear Editors

Some of Representative Mike Conaway’s comments at recent town hall meetings in our area do not have anything to do with reality.He keeps repeating that the government needs to get out of the way of the private sector and let it do what it does best, which is to create jobs and wealth. The private sector he refers to consists mostly of Wall Street Corporations. Rep. Conaway thinks Wall Street corporations should have less regulation. Does he fail to realize that it was government deregulation of the savings and loan industry by the Reagon Administration in the 1980s that led to the corruption and failures that cost taxpayers $124 billion? How can he ignore the fact that repealing the Glass-Steagall act during the Clinton Administration led to the 2008 bank failures that brought about the recent trillion dollar bailouts, recession and skyrocketing national debt?Rep. Conaway voted for the bailout bill. Our representative favors government intervention into the private sector as long as it is in the form of welfare for the wealthy.Rep. Conaway says creating jobs and wealth is what an unregulated private sector does best. The wealth part may be true. But that wealth does not go to the working class of this country. The jobs are sent overseas for cheap labor and uninsured workers. Most of the wealth goes to corporate CEOs and top executives who have no compassion for the unemployed in this country.Members of our Congress and Executive Office will continue to support the wealthy over the working people of this country as long as most of their campaign funds are supplied by the wealthy. Congress won’t change the system.

It is up to us.

Larry Payne

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