U.S. News and other business periodicals covered the problems in the economy and provided reasonable warning ["How Do We Cover a Crisis?" October 13-20]. However, presidential administrations and Congress follow their own agendas and do not address bad news. Medicare and Social Security are also bad-news items. Seen any meaningful attention given to these financial questions? Please keep watch on the $700 billion rescue/bailout fund, and report whom the Treasury is buying assets from; what are those assets; and how much is being paid to purchase those assets. Please report the market value, if available, alongside how much the "bailout" fund is paying for the assets.
Karl H. Zickler St. Louis
I bought my first car at age 19. (I am now 83.) The auto broke down on the way home! Let the buyer beware! Those who bought houses with such easy credit will never learn, unless they are required to pick up the pieces.
Donald E. BohananAuburn, Ala.
Did the mainstream media and U.S. News in particular do a good-enough job in seeing the economic crisis coming? Ultimately, the answer is no, but there's a big caveat. As a citizenry, we do a horrible job of listening or, perhaps more correctly, of filtering. The message was clear enough and came from enough sources early enough. But if the mainstream media and U.S. News truly believed that this was a surety, then they should have hammered the message with more passion and sheer volume. What most of us need is a major dose of remedial economics. I felt hopelessly lost and frustrated during the bailout debate. I had no idea whom to trust for information but was not educated enough in economic matters at the root of this and the nuances of the proposed solution to know the proper course of action. We unfortunately need a swift kick in the behind to be more involved in the course our nation takes and enough of an understanding of these matters to enable us to at least engage in the national dialogue and press our elected officials to represent us properly.
David J. Lathers Shelby Township, Mich.