Our own financial system must share the blame

To the editor:

Let's get something established here before we go on hollering about executive pay and monstrous bonuses shall we.

One of the biggest 'industries' in the United States that supplies immense power to the U.S. economy not only within our own borders but across the entire planet is our financial system.

This is an economic engine of almost unimaginable size and power yet is in its own way as finally balanced as a first rate Swiss watch.

Everyday we have to listen to people who moan about the loss of jobs to foreign workers due to lower wages, etc., etc., etc.

The vast majority of these lost jobs are in what economist's refer to as sunset industries. That is, industries that are no longer forward moving future oriented with high growth potential. In other words they are industries that are headed the way of the buggy whip.

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