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The United States needs fewer enemies in the world, not more

To The Daily Sun,

Has the world ever gone to war over oil?

Why? How could there be a war over oil when we have so many natural resources in the modern world?

The answer is the intertwining of oil production, consumption, and dependency with national and international economies.

FACTS: World War I over oil occurred between Russia and Japan in 1905.

Several wars over oil have occurred since, some involving directly USA.

QUESTION: Would USA have attacked Iraq (twice) if Iraq's major export were bananas?

Today, right now, it is not scarcity, but the global glut of oil that threatens certain nations and economic interests. USA's increased production of oil benefits many of our people economically as to reduced gas and heating oil prices, and surely it is in our national personal and economic interests, but the international economy is in turmoil over oil prices. ... International and U.S. stock values down, and oil-dependent economies in disarray.

Beware the Russian Bear. Look to the histories of this proud and diminished nation. Can the cornered Bear, economically dependent upon stable oil prices, sustain economic shrinkage due to falling oil prices, or react, as a cornered bear will, by striking out, including aggressive military movements, in Ukraine, and perhaps spreading to the world beyond ... ???

Recall that the simmering stew of war in Europe erupted in 1912, finally provoked by a relatively minor diplomatic incident, resulting in what was then to that time the most horrible, destructive war ever known to modern humankind.

United States of America needs fewer enemies, not more. Peaceful and cooperative political initiatives are required.

The global order is more precarious than many may understand. "Keep your powder dry, put in firewood, food and water."

Michael Harris

Loudon

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There is common ground in these words from Senator Warren

To The Daily Sun,

A couple of weeks ago I wrote a letter claiming that conservatives and Republicans could find common ground if they recognized the real enemy, which is Wall Street and the 1 percent. A few days later Don Ewing wrote about his dissatisfaction with the spending bill that Congress just passed. There you go. George Maloof agrees with Don Ewing.

Would you print, word for word, the highlights of Elizabeth Warren's speech on the Senate floor? I believe this is the beginning of the compromises that we sorely need in Congress:

"Democrats don't like Wall Street bailouts. Republicans don't like Wall Street bailouts. The American people are disgusted by Wall Street bailouts. And yet here we are, five years after Dodd-Frank with Congress on the verge of ramming through a provision that would do nothing for the middle class, do nothing for community banks, do nothing but raise the risk that taxpayers will have to bail out the biggest banks once again...

So let me say this to anyone who is listening at Citi[group]. I agree with you. Dodd-Frank isn't perfect. It should have broken you into pieces.

If this Congress is going to open up Dodd-Frank in the months ahead, then let's open it up to get tougher, not to create more bailout opportunities. If we're going to open up Dodd-Frank, let's open it up so that once and for all we end too-big-to-fail, and I mean really end it, not just say that we did.

Instead of passing laws that create new bailout opportunities for too-big-to-fail banks, let's pass ... something ... that would help break up these giant banks.

A century ago Teddy Roosevelt was America's Trust-Buster. He went after the giant trusts and monopolies in this country, and a lot of people talk about how those trust deserved to be broken up because they had too much economic power. But Teddy Roosevelt said we should break them up because they had too much political power. Teddy Roosevelt said break them up because all that concentrated power threatens the very foundations of our democratic system.

And now we're watching as Congress passes yet another provision that was written by lobbyists for the biggest recipient of bailout money in the history of this country. And its attached to a bill that needs to pass or else the entire federal government will grind to a halt.

Think about that kind of power. If a financial institution has become so big and so powerful that it can hold the entire country hostage. That alone is reason enough to break them up.

Enough is enough. Enough is enough with Wall Street insiders getting key position after key position and the kind of cronyism that we have seen in the executive branch. Enough is enough with Citigroup passing 11th hour deregulatory provisions that nobody takes ownership over but everybody will come to regret. Enough is enough.

Washington already works really well for the billionaires and the big corporations and the lawyers and the lobbyists.
But what about the families who lost their homes or their jobs or their retirement savings the last time Citigroup bet big on derivatives and lost? What about the families who are living paycheck to paycheck and saw their tax dollars go to bail out Citi just six years ago?

We were sent here to fight for those families. It is time, it is past time, for Washington to start working for them!"

Thanks.

George Maloof
Plymouth

 

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