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Is Moores Jumping Out Just in Time Again?
Great insight! You have to give Moores credit as a business man. Is he really getting divorced? In any case, you mentioned BAILOUT money going to build infrastructure for sports teams. That scares me. Let's see. What's more important - Water, sewers, bridges, highways, railroads, manufacturing, energy or sport franchises? Do you think they will attempt to use any of the bail out money to build stadiums and ball parks? If so, I hereby request that you devote an article to just this subject to help reduce the chance of this happening. Once the ball gets rolling, it's very hard to stop it. Ron Harris— January 17, 2009 12:55 p.m.
President-elect Obama wants to toss in another trillion bucks soon
Regarding Don Bauder's Story - Will the Horse Drink? ---------------------------------------------------- I agree with the opinion that we not only have a Credit Problem, but we also have a Debt Problem. In addition to that, I also believe that the U.S. has a Job Problem and a GDP problem. How did this happen? First we shipped our manufacturing over seas for the purpose of cheap labor. This enabled corporations to reduce the unit price of their merchandise, so businesses such as WallMart would continue to purchase them and sell them at lower prices. It kept the ball rolling. People bought on credit, and big business and stock holders made more money. The next step was to lower interest rates and reduce financial oversight, so people could refinance their homes and purchase the big ticket items: Flat Screen TVs and new Cars. When the refinancing slowed down, homes were sold to people who could not afford them. I just love the term "Stated Income". While all this was going on, our illustrious leaders (Executive branch, Congress and Regulators) turned their heads the other way. Everything was done to line the pockets of the rich and powerful in the "short run". Everyone ignored the "long run" ramifications. So when everything went to heck, what did we do? Mr. Treasurer (Henry Paulson) threw money to the institutions that were most responsible for this mess - the Bankers. Quite frankly, I don't trust any of these guys, and I think that the U.S. is in for an extended downturn. If the government feels the need to pump money into the economy, I would like to see it directed to industries that will create jobs, bring back manufacturing and generate "long term" benefits for the U.S. Infrastructure and Health Care are my first two picks. I still have a problem trusting the same bozos to distribute money appropriately. This is where the new administration comes in. Can Obama and gang get it done? I have a lot more faith in them than I had in the Bush clan; however, the proof is in the pudding. Good luck to everyone in 2009.— January 11, 2009 2:19 p.m.
November's Shocking 533,000 Jobs Loss Was Actually Far Worse
City of San Diego Management and Politicians have their heads in the sand (and very deep). Let's visit the dilemma of a few of years ago: Pension fund $1.4 billion under funded and several employees charged with crimes relating to this very big problem. Now let's visit today's problems: Pension fund $2.8 billion under funded, the employees charged with related crimes still pending trial and the City cutting services. With this track record, in 3 more years, the pension fund will be $5.6 billion under funded, no one punished for this mess and the citizens will likely have trash stacked on the street in front of their houses. It was especially dishartened to see San Diego vote Mike Aguirre out of office and vote in another Republican rubber stamp for City Attorney. I suggest that the citizens of San Diego lift their heads out of the sand, buy shovels and help dig out the City Politicians and Management. These circumstances will require major concessions by employee unions or the City filing for bankruptcy. Wait a minute - maybe a new downtown City Hall and Library will solve the problem?— December 6, 2008 5:21 p.m.