THE TRIBUNE'S VIEW
Budget magic
By HENRY J. WATERS III, Publisher, Columbia Daily Tribune
On a grand scale, President Barack Obama plans to do what Columbia Public Schools did back in 2007 when it spent money for operations without a source of revenue to balance the budget.
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OPEN COLUMN Prosecutor Knight shows
disrespect for legal system Editor, the Tribune: If Tribune reports are accurate, Prosecuting Attorney Dan Knight leveled arrogant, self-serving and unbelievable criticism toward Presiding Judge Gene Hamilton on Tuesday.
OPEN COLUMN Roper selectively cites economist’s concepts Editor, the Tribune: Counterpoints made monthly barely echo, but archives are forever. A parsimonious excretion of Bob Roper’s common sense on Nov. 23 is: We should have only the banking regulation he finds reasonable, and we should monetize a gold fetish.
Short-term plan will bring long-term pain
By MONA CHAREN "Lending Drops at Big U.S. Banks," reports the front page of the Wall Street Journal. Even those banks that have just received an infusion of $148 billion in taxpayer dollars as part of the TARP saw their loans drop by 1.4 percent between the third and fourth quarters of 2008, the paper reports. The economy seems to be shedding jobs like a dry fir tree losing needles. People speak of a "consensus" that only a huge stimulus plan by government can save us.
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