NEW BANKING REGULATIONS
Repeating history
Treasury Secretary Henry Paulson's recent proposal to regulate investment banks, coupled with the preceding several-hundred-billion-dollar bailouts, are further proof that Republican economic policies have failed again.
History has proven time and time again that ineffective oversight leads to rampant corruption and ludicrous overreaching during hollow boom periods, which are followed by bust periods that are devastating, economically and socially, to the entire country.
The genius of capitalism has always been to harness the power of greed, not to condone greed itself.
ROBERT ROEDL, MINNEAPOLIS
EMMER'S APRIL FOOLS
His party's the joke
Rep. Tom Emmer, R-Delano, got one thing right in his commentary --the April Fools' Day joke is on the taxpayers.
The former Republican majority created a culture of taxpayers who think they can have good government and services without paying for them. "April Fools!"
The lower-taxes culture put the new Democratic majority in the position where it has to raise taxes. If Minnesota's fiscal and bonding needs had been adequately funded during the Republican majority, we wouldn't have a crumbling transportation infrastructure and wouldn't be playing "catch-up" on higher-education spending.
JAMIE JOHNSON, MINNEAPOLIS