After reading Philip Hage’s letter “Harming the economy” in the Oct. 5-6 issue of the Daily Journal, it’s unfortunate that Mr. Hage didn’t pay attention to what the instructor taught in “Economics 101.” It’s unfortunate that Mr. Hage didn’t take other classes in college like business and government classes. It’s unfortunate that Mr. Hage didn’t apply the theory of “intangible benefits” regarding government stimulates spending. It’s unfortunate that Mr. Hage doesn’t know the difference between government spending on government functions vs. government stimulates spending. Yes, the source of the funds for both of these spending functions come from the private sector in the form of taxes. It’s unfortunate that Mr. Hage appears to agree with Mr. Aadahl’s letter “Republicans at heart” (Sept. 28 edition of the Daily Journal) in the middle of Hage’s letter. Then, at the end of Hage’s letter, Hage doesn’t agree and then makes false and incorrect statements to make his own opinion sound correct. It’s unfortunate that this type of speaking and writing makes it sound like the author doesn’t know what he is talking about.
Michael R. Oberg