The editorial by Dan Dennis in the Aug. 1 Sun (“The stakes are too high”) was largely correct in its explanations of our national political situation. Good writing, Dan.
Unfortunately, there was a factual error early on which may have kept knowledgeable readers from giving full credence to his opinions. The repeal of the Glass-Steagall Act did not occur under former President Reagan but under President Clinton about 10 years after Reagan left office. Granted that it had been attacked and diluted by Wall Street and their political pawns for over three decades prior to that. Granted that Reagan undoubtedly contributed to those attacks and would have approved of the repeal. Granted that the repeal originated in and was supported by a Republican House of Representatives. But Clinton signed on anyway. That was probably a defining moment for me in deciding that, when it came to corruption in D.C., the Democratic Party (at least the “mainstream” part of it) was just as bad as the GOP.
Ron Holt
Arroyo Grande
