Vail Daily letter: We need a new perspective
Ryan Summerlin July 18, 2014
In response to the letter that Denny Geraghty of Denver provided to the Vail Daily on July 15 in regard to Dick Gustafson’s opinions, I want to follow up with my support for Denny’s well expressed letter regarding the events of the last several years.
I am a political independent and feel that our country has lost sight of the abyss that we almost fell into. Those responsible for the resurgence of our economic improvement were indeed: Bernanke (who, as a Republican, was asked by the Obama administration to continue his pursuit of an economic solution for a distressed economy) along with Geithner, Paulson, Summers and others. Their collective efforts saved America and the global economies from a financial disaster beyond comprehension.
I just read Timothy Geithner’s “Stress Test” and, along with Warren Buffett, strongly recommend it for all who want to have a better understanding of what occurred during the past decade.
Presidents have a difficult job enacting solutions and are stonewalled by a politically divisive and/or a non-supportive Congress, subjected to partisan and electoral concerns. We have reached that plateau once again and need to rethink our political perspective.