WAYNE SLATER, Richland
Archie Judkins' letter of Sept. 10 needs a rebuttal. To some economists, the rising stock market is an illusion and is primarily the result of a busy, money-printing press. As far as unemployment is concerned, most would agree that real unemployment is not 8.1percent but more than 10 percent or a whole lot more, depending upon what should be included in that figure.
It seems to me that for the bulk of 401(k) holders, the real value of their investment is tied to the strength of the economy at the time the 401(k) is converted to a stream of income for retirement and not the state of the current stock market during a time of great economic instability as we have today.
As far as the housing situation is concerned (the Tri-Cities not withstanding), it is still in a precarious state and could go either way. It is hard to see any real improvement in this picture from four years ago, particularly in light of the promises made at the beginning of our president's term of office.
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Unfortunately, as hard as it is for many to see, we have a president who is poorly equipped to implement a plan that will help lift ourselves out of this terrible fiscal and monetary policy mess.