TRUMP REDOUBT

Re: “Playing the Trumpette”, (PostBag, Aug 2).

As one whose income depends, in part, on investments in the US economy, far from being a “Trumpette” as MWB derisively calls me, I’m one who looks at the bottom line in my portfolio to make my decisions. I watch the economy closely. For the eight years of Obama’s rein, folks on Wall Street did fine while those of us on Main Street suffered. The market was “sideways” for us, end of story.

As for the sub-prime mess that Mr O inherited, one can thank former Senator Chris Dodd and his buddy in the House, Barney Frank, both Democrats and Obama buddies for that debacle.

Rarely reported but duly recorded is the fact that George W wrote to these two morons to stop the arm-twisting on financial institutions to hand out these unsustainable and foolish sub-prime loans. I am well aware of the staggering interest payments hobbling our national debt. I was furious with Bush in his final year for the spending mania that brought our debt to 9 trillion only to be followed by Mr O doubling it to an insane 18 trillion!

He started this madness by fuelling that debt with his foolish “stimulus” package that stimulated nothing. I’ll leave it to the historians to judge whether or not Mr Trump is on the right track but it worked for Ronald Reagan so why not now?

Richard Rees