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Reaping What We Sow Re "Life Without Credit" [Nov. 3], Bill Powell is spot on in identifying what this financial mess is all about: too much debt. But it is distressing that the only proposed solutions involve rewarding more debt. Let's, at least for the short term, raise taxes on well-off corporations and wealthy individuals, stop senseless wars financed by debt and eliminate the income-tax deductions for home-mortgage interest. Plus, don't artificially lower interest rates - this punishes those who saved sensibly. And we must all prioritize our spending wisely. I'd rather have fewer mortgage...
...Battling Election-Day Glitches Michael Scherer's article is full of good information and good reporting [Nov. 3]. In the future, perhaps it would be useful to do a companion article on what steps are being taken by states, counties, political campaigns and independent groups to mitigate some of these potential problems. That ought to include information on what a voter can do on the spot when a problem is encountered at a polling place. Are there officials who can be contacted in case of a problem? Are there people from each campaign standing by ready to help? Gail Goldey...
...President, Great Film I'm not sure Richard Corliss and I watched the same movie [Nov. 3]. Oliver Stone most certainly did have a point of view in filming W., his slice-of-life depiction of George W. Bush. The genius of Stone is that he can duplicate the emotions in the movie theater that we all feel in real life: confounded disbelief that a person like Dubya could ever become the President of the United States. Bush is perhaps the worst President we have ever had or, hopefully, will ever have. The first election, in 2000, was engineered, jockeyed...
...Obama Effect The media make much ado about the so-called Bradley effect [Nov. 3]. And it doesn't take a genius to see that John McCain and Sarah Palin have counted on this racial motivation to help them overcome the consequences of their poorly run campaign. But we must now factor in an even more potent quotient: the Obama effect - that quality whereby the more you get to know a politician, the more you like and trust him or her. Across the board, Obama's ratings have steadily increased with key groups that had been cool toward him before...
...billion - about 20% of China's GDP in the first three quarters of 2008 and the size of a giant economic-stimulus plan for just the next two years - then the number is a figure of considerable value, real as well as symbolic. The money, Beijing announced on Nov. 9, would go mainly to new infrastructure, homes, schools and clinics, especially in the country's poorer regions. Taken together with the recent alleviation of taxes plus changes to the rural-land law that will allow farmers to lease their land and free them to work elsewhere, the initiatives amount...