Your Monday editorial about the problems with settlements from class-action lawsuits is right on. Class-action lawsuits represent one of the worst abuses of the legal system. Originally intended to make the legal system more efficient, they have instead become a way for trial lawyers to get quick money, while those who have allegedly been injured often get little or even nothing.
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I am a lifelong independent and dislike many Democratic policies, but I have yet to hear a Republican who will admit the three fundamental GOP claims are false. And the media will not report these falsehoods.
“Raising taxes on the wealthy reduced employment” is false. The Clinton administration raised taxes on the wealthy and saw unparalleled growth. The George W. Bush administration dramatically cut taxes on the wealthy and saw no job growth.
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I must disagree with the Nov. 20 letter presenting a sympathetic portrait of the participants in the Occupy San Francisco encampment. I believe the writer’s picture of youths who went to college but cannot find jobs is only part of the picture. What were their majors? If they were in liberal arts, then that is part of the reason for their not having jobs. In effect, they are unemployable.
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The former boss of insurance giant AIG, Hank Greenberg, is suing the federal government for at least $25 billion. The lawsuit claims AIG was underpaid and charged too high interest when Washington spent $130 billion to bail out the company in 2008. However, even three years after the bailout, AIG’s market worth is still less than the money the feds paid to save it. The government’s remaining $50 billion stock holdings are only worth about $30 billion.
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Friday’s San Francisco Examiner editorial, “Chu Offers No Apology for Fleecing Taxpayers,” appropriately focused on the need for an official apology for the half-billion federal dollars wasted on Solyndra despite “multiple warnings beforehand.” Just an apology? How about some firings? Or doesn’t a half-billion dollars of Washington waste matter anymore?
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I spoke to “Pantsless Nick” at the Occupy San Francisco encampment and he is respectfully requesting a correction to what was written about him in your Nov. 16 cover story.
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I am a great-grandmother who has made several visits to the Occupy San Francisco encampment. I was there from midnight to 3 a.m. on one occasion. I saw mostly young people, many who graduated from college but cannot find a job and still live at home, or like the 18-year-old woman who ran out of college money after one semester and is just hoping Starbucks will not think she is too unkempt to be hired. (I told her where to shower.)
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A simple solution exists to erase the San Francisco Municipal Transportation Agency’s $80 million budget deficits without draconian revenue increases. The Central Subway project has drained $500 million in scarce state and local funds from Muni for a tiny 1.7 mile route.
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A Monday letter writer believes it would be unconstitutional to charge demonstrators a fee to protest. The rights to free speech and assembly, like all of our constitutional rights, are not absolute in text and have varying degrees of stipulations.
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WHAT: Sixty percent of college students are required to take an internship in order to graduate, which is supposed to help them get jobs in a tough economy. Half those internships are unpaid, but the college also charges the students for semester credits.
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URL: http://www.sfexaminer.com/taxonomy/term/2434?page=2&quicktabs_6=0
