LETTERS

Why he’s backing Bernie

Posted 11/10/15

To the Editor:

In 2007 my wife and I bought our first house. Within six months the Great Recession hit, our house lost 30 percent of its value, and we owed – and still owe – more than our …

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LETTERS

Why he’s backing Bernie

Posted

To the Editor:

In 2007 my wife and I bought our first house. Within six months the Great Recession hit, our house lost 30 percent of its value, and we owed – and still owe – more than our house is worth.

This never happened to my parents. In 1964 they bought a starter house, made five years of mortgage payments, put in sweat equity, and moved up to a nicer home.

A stable economy gave my parents the chance to improve their lives. Forty years later, big banks played with the economy, crashed it, and trapped my wife and me in debt.

Bernie Sanders is proposing to break up the big banks, to take the economy back from their meddling and control, and to return us to stability. I’m convinced that my financial situation will improve if Bernie Sanders becomes president and that yours will too.

Give Bernie a look, and see if you agree.

Wil Gregersen

Providence

Comments

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  • ronruggieri

    As democratic Socialist myself and a registered Democrat in Cranston I am a critical supporter of that " socialist " Democrat Senator Bernie Sanders of Vermont . And I will definitely give old Bernie primary support.. But Sanders operates in the toxic atmosphere of a Democratic Party as controlled by the wealthy as the Republican Party -the shameless party of Ayn Rand and her " Virtue of Selfishness ".

    But what Senator Bernie Sanders has accomplished is highly significant : he has detoxified the beautiful ideal of Socialism . America had a vibrant socialist movement 100 years ago with impassioned orator Eugene V. Debs running for president a number of times. If you want Debs' view on capitalist and imperialist wars , read his Canton Speech.

    Only a very small voter turnout will give the conservative Republicans a chance for victory in the 2016 election.

    Wednesday, November 11, 2015 Report this

  • JohnStark

    Mr. Gregersen: Assuming your letter is not tongue in cheek, you owe more than your house is worth because you bought it at the height of a real estate bubble. No boggie man at a big bad bank did anything to screw you. The only entity that "played with the economy" in 2008 was the federal government. Through a rigid enforcement of the Community Reinvestment Act (fully endorsed by Bernie Sanders) banks were coerced into lending to subprime, and frequently unqualified borrowers who had no intention of paying back their loans. Banks know what is in their best interest, and that of their shareholders, and lending to poorly qualified borrowers is not it. The strong arm of Big Government forced these loans, and no one epitomizes and embraces Big Government quite like Bernie Sanders.

    Friday, November 13, 2015 Report this

  • Justanidiot

    So, if your house was worth more than what you owed, would you still be backing Bernie?

    Friday, November 13, 2015 Report this