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Stocks plunged today (July 2) as oil soared above $144 a barrel. Both the Dow Jones Industrial Average and Nasdaq are now 20 percent lower than their highs of last October. Officially, that marks a bear market, according to technicians, but this is an arbitrary distinction. The Dow dropped 166.75 to 11,215.51. Nasdaq plummeted 53.51 to 2251.46. Stock of General Motors plunged $1.77 to $9.98 as an analyst for Merrill Lynch said "bankruptcy is not impossible if the market continues to deteriorate." Imagine GM in bankruptcy. Here is a stunner: the stock market now values General Motors stock at $6 billion. It values Toyota at $148 billion and Volkswagen at $112 billion. Economists continue to debate if the U.S. economy is in a recession. This is also silly; the statistical calculation depends on how high the government says inflation is -- and it says it is low. Everyone knows it is not low. Rather than split hairs whether the economy is in a recession, let's just say that it stinks. Period. Tomorrow (July 3), important employment numbers come out. If they are bad, the stock market will probably sink further. If they're better than expected, stocks might inch back below bear market territory.

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Comments

Portofinoan July 4, 2008 @ 6:12 a.m.

Albert Einstein once said:

"I don't know what kind of weapons will be used in the third world war, assuming there will be a third world war. But I can tell you what the fourth world war will be fought with -- stone clubs."

If the price of oil stays at ~$145 per barrel, the U.S. won't have to worry about keeping GM solvent to fight the next war. We simply won't be able to afford anymore conflicts, like the present Iraqi "incursion".

When Erwin Rommel, one histories best military tacticians, ran out of oil, so too did his Panzer Divisions in North Africa. I don't see why our military would fare any better.

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Don Bauder July 4, 2008 @ 10:39 p.m.

Response to post #15: Economics used to be like home economics: how to peel an apple and use every bit of it, maximizing efficiency. Now economics deals with stimulating economies. Unfortunately, economists encourage use of disposables, piling up of debt -- the reverse of economizing. Best, Don Bauder

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JohnnyVegas July 2, 2008 @ 4 p.m.

GM deserves to go BK. They have had lousy management for years, no, make that decades.

The Big Three should have spent 50-75% of their R&D on fuel-efficient cars, which is where the future has been headed the last 30 years.

Instead what do these rocket scientists do?? They focus on trucks and SUV's because US tax credits allow the Big Three to make more money off of those dinosaurs.

No long term thinking at any of the Big Three, and they get what is coming to them. Stupid CEO's, stupid management and stupid board of directors backing them up.

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Don Bauder July 2, 2008 @ 4:28 p.m.

Response to post #1: When the 1970s energy crisis appeared to pass, GM went into building SUVs et al again. Now it has the wrong products again. The company can't do anything right. Best, Don Bauder

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JohnnyVegas July 2, 2008 @ 6:36 p.m.

Put me in charge of one of those automakers and Toyota will no longer be the #1 car maker in the world.

BTW, the Market CAP rate spread between Toyota and GM is mind boggling.

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Burwell July 2, 2008 @ 7:24 p.m.

Toyota is subsidized by the Japanese government which pays all healthcare and retirement costs for Toyota workers. In contrast, GM provides free healthcare to 600,000 workers and their family members. GM also pays the pension costs of its workers, and faces a $30 billion unfunded pension liability as a result. Because GM pays these costs and the Japanese don't, it must cut corners and cannot design or manufacture cars that can compete with Toyota or Honda. Manufacturing cars is something GM does between wars. GM's core mission is to provide the manufacturing muscle needed to support the US military in the event of a major war. Toyota and Honda's US factories would be of little use to the military during a war. All the tooling and equipment used in those factories is designed and manufactured in Japan, and shipped to the US and installed by Japanese engineers. If GM folds the US is finished as a world power.

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Don Bauder July 2, 2008 @ 8:08 p.m.

Response to post #3: We don't know your name, Johnny. Your last name isn't Ford, is it? Best, Don Bauder

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Don Bauder July 2, 2008 @ 8:15 p.m.

Response to post #4: Two points on your interesting observations: 1. The military theory is one reason people are saying that the U.S. government would never let GM go under. 2. I have always thought that it would be legacy companies such as GM and Goodyear that would lead the public opinion parade for government-financed healthcare in the U.S. That would be enough to keep the company out of bankruptcy, possibly. In the book, "While America Aged," author Roger Lowenstein tells how GM brass at one time were all in favor of nationalized medicine and were ready to spend money to sway public opinion. But others in the business community talked them out of it. Best, Don Bauder

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Anon92107 July 3, 2008 @ 3:42 a.m.

Response to post #6:

Looks like GM management and San Diego politicians have a lot more in common everyday. Management incompetence plus government corruption already means "the US is finished as a world power" but many are still in the blind optimism stage of denial.

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Don Bauder July 3, 2008 @ 7:02 a.m.

Response to post #7: Yes, some GM managers and directors would fit very nicely in the Sanders administration or on the city council. Best, Don Bauder

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Anon92107 July 4, 2008 @ 2:57 a.m.

Response to post #8:

Don, I want to carry over what you said in another blog: "I haven't given up on optimistic futures. I do believe the United States is in for a long period of sub-par economic performance. But economics isn't everything"

There was a saying that went something like: “As G.M. goes, so goes America.” Add that to what you said above “economics isn't everything” and remember that 1929 began “a long period of sub-par economic performance” also.

QUESTION: What must we do to get back on course as the “The Land of Opportunity” to provide enough jobs for everyone who wants to work because we have a lot more people today than in 1929 and we have to make a very major restructuring of the American economy to turn this new “long period of sub-par economic performance” around?

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Don Bauder July 4, 2008 @ 10:44 p.m.

Response to post #16: We went to Iraq for oil. Blew it completely. Now the dollar is in the tank, oil and other commodities prices are zooming, we are in a recession, inflation is roaring overseas and gaining steam here. Iraq was a perfect storm, or Murphy's law: everything that could go wrong, did go wrong. But the big problem was that it was ill-considered and ill-planned out from outset. Best, Don Bauder

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Anon92107 July 5, 2008 @ 4:24 a.m.

Response to post #13: RE “The study of economics encourages consumption and debt. --- We need production, not consumption” is a great simple summary.

Obviously we need to improve our education system that has been deconstructed by republican and democratic politicians for their special interests to the point where it is now in extremis. People just don’t understand what is happening, except those whose lives have been ruined already that is.

Second and more importantly, we must first have a new breed of leadership in all American institutions because the overwhelming problems we have today throughout our American social, political and economic systems prove we really have absolutely no leadership with enough honor, integrity and intellectual capacity to actually take the lead and get the right things done to turn things around. Plus the fact that far too few eligible voters even care enough to vote so NORC dominates our national psyche. I still don't see anyone like FDR on the national political scene yet.

QUESTION: How many more failures must occur before the “D” word Depression comes into play because the outsourcing of the Land of Opportunity has already resulted in hideous unemployment, family financial ruin, increasingly out of control corruption and public safety problems, and federal, state and local legislative bodies that are doing far more harm than good?

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Fred Williams July 5, 2008 @ 8:20 a.m.

When I get down about our economic, environmental, and ethical prospects as a nation, (which is far too frequent), I sing this...

Fred's Hedonism Song

The world is f***ed so give it up! Hedonism's rational in the face of doom.

I'll smoke and drink and live it up! The end of our time is coming soon.

Hedonism Gonna get some Hedonism Know I need some Hedonism

If it's up to me I'll set myself free

I'll smoke and drink and live it up! Hedonism's rational in the face of doom.

The world is f***ed so give it up! The end of our time is coming soon.

I recommend singing my Hedonism song every time you are feeling disgruntled. Regruntlement begins immediately, and if you sing it long enough you will return to your original pristinely gruntled condition.

Best,

Fred

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Burwell July 4, 2008 @ 10:26 a.m.

The war in Iraq is being lost primarily due to the political interference of Wal-Mart and Home Depot. Both companies buy most of their products in China and fear a protectionist trade backlash that would destroy their business model and share price. The US Defense Department is required by law to purchase most of its equipment domestically. For example, the shoes and radio batteries the US Army buys are required by law to be made in the US. The US industrial base has shrunk to the point that it cannot support 140,000 troops in Iraq. As a result, the troops in Iraq go without radios because there are no batteries and use duct tape to repair their shoes when they fall apart. Most of the top Generals who have retired from the military say we can win in Iraq, but it would take 500,000 troops and 18 months. It costs $25,000 to equip a single soldier with the equipment he needs for battle. This equipment has to be manufactured in the US with US source materials. Wal-Mart and Home Depot, and its thousands of vendors, bankroll the Republicans and will not allow Bush to increase troop strength in Iraq because such a build-up would expose the fact the US has no industrial base to support the Army. The public would be become alarmed and demand trade protections and reindustrialization that would severely limit Chinese imports and destroy Wal-Mart and Home Depot.

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JohnnyVegas July 4, 2008 @ 12:29 p.m.

If anyone has read Lou Dobbs book "War on the Middle Class" you will see why this country is upside down, and it is basically over the same things posted on this thread......

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Don Bauder July 4, 2008 @ 1:47 p.m.

Response to post #9: Let me just start with one thing. As more questions roll in, I can make more points. The U.S. economy is based on consumption. Consumer spending is 72 percent of GDP, up from 67 percent a decade ago. The study of economics encourages consumption and debt. Economics actually should encourage economizing and discourage debt. We need production, not consumption. We have to reduce debt of families, corporations and government at all levels. Do you hear any presidential candidate suggesting that consumers stop spending and pay off their debts? Of course not. Best, Don Bauder

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Don Bauder July 4, 2008 @ 1:54 p.m.

Response to post #10: Good point. The military needs fuel. That was one unspoken reason the U.S. made the tragic mistake of attacking Iraq. (Sorry: it wasn't a "mistake." It was a vile, ethically corrupt action.) The war is all about oil. Cheney and the oil companies carved up and parceled out the Iraqi wells and pipelines at their private meetings; that is why the administration fought so strenuously in court to keep the public from knowing what happened at the gatherings. Another reason we attacked: Saddam Hussein began selling oil in euros, not dollars. Best, Don Bauder

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JohnnyVegas July 4, 2008 @ 4:27 p.m.

Economics actually should encourage economizing and discourage debt. We need production, not consumption. We have to reduce debt of families, corporations and government at all levels. Do you hear any presidential candidate suggesting that consumers stop spending and pay off their debts? Of course not.

Excellent post.

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Portofinoan July 4, 2008 @ 7:14 p.m.

Response to post #14: I'd have to agree that this "War in Iraq" is indeed all about oil, otherwise it wouldn't make any sense at all.

Post #11 mentioned something about what we'd need to do to win the war in Iraq. If indeed the war was simply about our securing/stealing their oil, then maybe it's time to simply declare victory and leave, especially with the recent awarding of the no-bid Iraqi oil contracts this past week.

Much of the financing for this war depended on cheap oil and borrowed money from abroad. Now, cheap oil is no longer available, and our new bankers (no, not Citibank, think China) are probably no longer willing to extend credit for such preemptive, expeditionary wars.

With oil rising to $144 per barrel, it's like a huge mound of grit has been thrown into the the U.S. economic engine. More sensibly, we should pull in our horns, and focus on what we can do to get us out of this recession.

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Don Bauder July 5, 2008 @ 7:06 a.m.

Response to post #19: Could anyone with intellectual capacity get elected these days? We will find out this fall with Barack Obama, who clearly has intellectual depth. We don't have a depression now. Depressions are marked by deflation and that's nowhere in sight. We do have a recession for at least 95 percent of the people, whose inflation-adjusted wages have not risen in a decade. The upper 1 percent is doing great and the next 4 percent is doing fairly well. The remainder? Pretty grim. Best, Don Bauder

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JohnnyVegas July 5, 2008 @ 8:38 a.m.

It's depressing........ we need some new leadership and maybe in November we will get it. I don't care what direction or road the new leadership takes, as long as it is not the same road we are on now.....

In the meantime, we need Fumbler and his gange to sooth the nerves (just kiddig!).

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Don Bauder July 5, 2008 @ 10:06 a.m.

Response to post #21: Yeah, Fred, but how can I practice hedonism when I don't drink, smoke, do drugs, or chase women (with the exception of my wife)? Philosophically, I have no problem with hedonism; my problem is putting it into practice. But then, you younger folks.....have at it. Best, Don Bauder

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Don Bauder July 5, 2008 @ 10:14 a.m.

Addendum to post #23: Fred, the only time in my life I had drugs is prior to my first heart bypass surgery. This was in 1981. Before giving me an angiogram, the doctors gave me a Quaalude (spelling?). I think it was because I had to stay awake while they poked around in my arteries to find blockages. In any case, that Quaalude was a kick and a half. In 1990, I had bypass again, although I had not had a heart attack. I was looking forward to getting another Quaalude, but by this time, the doctors weren't using the drug for the angiogram. I was greatly disappointed. So in re drugs, I am damned near a virgin. Best, Don Bauder

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Don Bauder July 5, 2008 @ 10:18 a.m.

Response to post #22: I just had a thought. Suppose that the presidential candidate we are hoping will provide new leadership is, in fact.....(drumroll) our own Fumber! Ponder that. Best, Don Bauder

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Russ Lewis July 5, 2008 @ 11:08 a.m.

Re #25: That could make for a real interesting "state of the union" address, Don. I'd almost vote for him for the entertainment value of it.

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Don Bauder July 5, 2008 @ 5:48 p.m.

Reply to post #26: Robert Frost wrote a poem for JFK's inaugural speech. Would you write a poem for Fumber's inaugural speech? How many words rhyme with wheat grass?Best, Don Bauder

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Russ Lewis July 5, 2008 @ 10:48 p.m.

Probably enough that I could work it into a limerick. The real question is what rhymes with "vomit."

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Anon92107 July 6, 2008 @ 2:47 a.m.

Response to post #20:

“Pretty grim” is a great way of saying we are into economic declines that considering the population and disappearance of middle class opportunities means the Land of Opportunity as we were most privileged to experience it is dead and we are truly going where America since WWII has not gone before into the new age of the consequences of outrageous greed and corruption, and gross negligence and incompetence by all of our institutional leaders, especially including all of our politicians, academicians, judges and their special interests who have failed the test of American Democracy.

At this point, Obama is a wish and a prayer at best, but best of all he appears to be far different from the fat old white guys who screwed everything up in Washington, Sacramento and San Diego and destroyed the American Dream to satisfy their own lusts for conspicuous consumption.

But besides Obama, we must have an entirely new leadership and total rededication of both of our political parties to the restoration of American Democracy and building a new American Dream. I don’t know of anyone who represents me today, except Donna Frye and Mike Aguirre, who is willing to save America from the FOWGs because the latest re-election of FOWG Sanders and overthrow of Prop. C by the most corrupt establishment in San Diego history proves we have a most brain-dead NORC electorate in San Diego looking the other way while the corrupt establishment continues to commit grand larceny of taxpayer funds.

Again, if Gen Y doesn’t organize to fight for their own future, the only guarantee is that they will have no future anything like the legacy of The Greatest Generation that we were privileged to experience. I am glad our generation fought back in the 60s and 70s, but most angered that we totally failed to leave an acceptable legacy for future generations.

In the meantime, while the Great Don Bauder can’t define any possibilities for optimism, Washington, Wall Street and academia continue to spin economic indicators into B.S. while the NORC monster continues to watch and do nothing to save America.

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Don Bauder July 6, 2008 @ 6:35 a.m.

Response to post #28: It's easy. "Grommet" rhymes with "vomit." Now all you have to do is figure out how to make a metal eyelet relevant in a political speech. Oh yes. I do have a word that rhymes with wheat grass -- sort of. It's sh***ss." Best, Don Bauder

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Don Bauder July 6, 2008 @ 7:14 a.m.

Response to post #29: The tragedy is that in destroying the middle class beginning in the 1980s, the business moguls who financed this massive upward shift in wealth and income to the top 1 and 2 percent were destroying their companies' own markets: the middle class. They never thought of that. They were wooed by the supply side notion that if taxes were slashed the deepest for the very richest, there would be venture capital, industrial and infrastructure investment. There was lots of venture capital, but much of it wound up being fast-buck IPO scams in the stock market -- theft from the naive, part and parcel of the tech bubble. Yeah, there was industrial investment: overseas. The money went to the building of plants in emerging nations. Some of those nations have now emerged economically, partly because of our sending of capital and business there, and those nations's properity is one reason energy prices are zooming. Infrastructure investment? Do you see any? Much of this money that was steered to the top 1 or 2 percent disappeared into offshore banks. So did they money that was fed to the politicians. Best, Don Bauder

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Fred Williams July 6, 2008 @ 7:42 a.m.

Fumber's limerick:

When your argument comes to impass Remember to drink your wheatgrass It'll tighten your grommit And might make you vomit So be sure to talk out your *ss

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Fred Williams July 6, 2008 @ 7:57 a.m.

Fumber, Russl, and Don, please help me out with the above...it's still not quite right...high-brow poetry is hard work and I need some help.

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Russ Lewis July 6, 2008 @ 11:06 a.m.

Fred, I think what it needs is urine and "pantywastes."

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Don Bauder July 7, 2008 @ 7:23 a.m.

Response to post #42: I don't think Fumber is Kittle. Their views are similar but they express them quite differently. Best, Don Bauder

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Don Bauder July 7, 2008 @ 9:29 a.m.

Response to post #44: I did not accuse you of confusing those two terms. I just mentioned that "pantywaist" and "panty waste" can be interpreted differently by persons other than fumber. I have not found "panty waste" in any dictionary, but I will take your word that it's there. Best, Don Bauder

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Fred Williams July 6, 2008 @ 12:53 p.m.

==Warning -!- Inappropriate Content=

==Delete Before Reading==

Fumber limerick 2.0 for Russl

What I like about panty wastes Is the very smooth way it tastes It's far better than urine For fixin and curin' The drivel I copy and pastes

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Don Bauder July 6, 2008 @ 2:21 p.m.

Response to post #32: Neither Ezra Pound nor T.S. Eliot ever wrote a poem so profound. Your verse gets right to the heart of the human condition. Fumber will be proud to recite it at his inaugural. Best, Don Bauder

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Don Bauder July 6, 2008 @ 2:23 p.m.

Response to post #33: Russl and I have been doing our best to assist you. But we haven't heard from Fumber, for whom the poetry is being composed. Best, Don Bauder

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Don Bauder July 6, 2008 @ 2:25 p.m.

Response to post #35: Brilliant. Fumber: why haven't we heard from you? Best, Don Bauder

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Don Bauder July 6, 2008 @ 2:27 p.m.

Response to post #34 (sorry this one is out of order). Just make a request of the poet and you get what you asked for. Beste, Don Bauder

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JohnnyVegas July 6, 2008 @ 2:32 p.m.

Fumber limerick 2.0 for Russl

What I like about panty wastes Is the very smooth way it tastes It's far better than urine For fixin and curin' The drivel I copy and pastes ===========

Panty waste sealed the deal!

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Don Bauder July 6, 2008 @ 3:24 p.m.

Response to post #40: Words do funny things. There is pantywaist and also panty waste, in honor of Fumber. Best, Don Bauder

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Anon92107 July 7, 2008 @ 1:55 a.m.

Response to post #31: What you say just proves once again that “business moguls” are so incredibly greedy for fast track profits that they are short sighted enough to make the same mistakes that the Easter Island royalty did.

And every one of elected representatives in Congress and judges on our courts aid and abet this grand larceny “theft from the naïve.” Republican politicians look the other way to support their voracious appetites for special interest corruption while the democrats watch and do nothing while they allow the American middle class to crash and burn.

We really live in the age of NORC, especially in San Diego voting for the perpetuation of city hall corruption.

I have to believe that your friend “Fumber” that you give so much recognition to is none other than Bob Kittle whose deranged rant editorials have been the anti-Declaration of Independence for San Diego delivering us full circle back into the hands of U-T establishlment aristocracy to provide them with an unlimited supply of indentured servants once again. And the "naive" San Diego electorate keeps voting for their own destruction, making it far too easy for the corrupt and greedy.

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Russ Lewis July 7, 2008 @ 6:49 p.m.

Now there's a campaign platform I can get behind.

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Fred Williams July 7, 2008 @ 7:29 a.m.

PARENTAL ADVISORY WARNING

=Delete Before Reading=

Re: #41

Yes, I made sure to use the correct definition per fumber. I hold him in the deepest respect (as the UT editorial writer) and ensured that his vocabulary was used properly in my modest contribution to the world of high-brow poetry above.

Here is proof:

The American Heritage® Dictionary of the English Language: Fourth Edition. 2000.

http://www.bartleby.com/61/84/P0048400.html

Pantywaist:

  1. A child's undergarment consisting of a shirt and pants buttoned together at the waist.

  2. Slang A boy or man who is considered weak or effeminate.

Urban Dictionary

http://www.urbandictionary.com/define.php?term=panty+waste

Panty Waste:

1) The dried crusty mucus secretion left in girls and women's undergarments, usually resulting from excessive stimulation of the vaginal area. Also known as "clitty litter".

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Fred Williams July 7, 2008 @ 7:41 a.m.

I suspect that the (overwhelmingly) men who devise the swindles corrupting our country wore pantywaists while young, traumatizing them for life, and developing in them the urge to domination and control at the expense of all else, including our long-term interests.

In person, I'm sure they are pantywaists as well, with mincing manners and high flown rhetoric dribbled atop their pretensions to culture and refinement.

In secret, however, I suspect they buy used female undergarments online, then retreat to their vast estates, protected by private security guards and lush landscaping, to lock the doors, pull the blinds, and wallow in their guilty pleasures.

These corporate titans, you see, are mere mortals, flawed like us all.

But no matter how you spell it, these pantywastes are destroying our patrimony.

(Anyone appreciate my valiant attempt to bridge the parallel threads here?)

So down with the "Pantywastes" (my new hybrid spelling proposal).

Fred's New Random Dictionary

Pantywaste:

Noun

  1. Business person who knowingly destroys longterm economic and social value.

Note: This is in contrast to "panty waste" as describe elsewhere in this blog. Please use accordingly.

Best,

Dr. Fred Williams PhD. Linguistic Phrenology

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Don Bauder July 7, 2008 @ 9:34 a.m.

Response to post #45: Is it Fred's New Random Dictionary or Freud's New Random Dictionary? Keep up the witticisms. They make our days. Best, Don Bauder

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JohnnyVegas July 7, 2008 @ 12:05 p.m.

Panty Waste:

1) The dried crusty mucus secretion left in girls and women's undergarments, usually resulting from excessive stimulation of the vaginal area. Also known as "clitty litter".

I just barfed, thanks Fred.

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Fred Williams July 7, 2008 @ 12:30 p.m.

Johnny, I do my best to be of service to the Reader commentariat by providing vital knowledge for the whole community.

At least now you know what Fumber means when he calls you "panty waste".

As the wise and venerable Bauder says:

"Words do funny things. There is pantywaist and also panty waste, in honor of Fumber."

Indeed, Fumber is so physically attractive and overwhelmingly masculine (not "pantywaist" at all) that he causes this condition spontaneously on sight. Many are the females afflicted by his mysterious power.

Do they consider it an "honor"? Don, writing from his secret mountain headquarters buried deep under a volcanic mountainside in the Rockies clearly, unambiguously, and forthrightly says yes.

(Re-read the above quote to remove any doubt as to the absolute veracity of any and all of my past and future claims. Now never again dare question again if I make stuff up. If I've said it once, I've said it a thousand times, I never ever in a million years would exagerate.)

So when our august friend Fumber deigns to honor us with his labels of wisdom, he knows whereof he speaks. After all, am I not corpulent?

This is why Fumber cannot be confused with Bobbie "Skittles" Kittle, who knows not whereof he speaks. Rather, our good buddy Skittles knows who for he speaks...the pantywastes described in my Random* Dictionary.

Best,

Linguistic phrenologist to the stars,

Fred

(I cannot call it Fred's Random House Dictionary because naturally I'm homeless and unemployed in addition to being obese and smelling strongly of hemp and vodka. Therefore, I just walked away from the House (underwater on the mortgage anyway) and kept only the Random. I hope this clears up any misconceptions that may have occured and deeply regret any misunderstandings caused by this inadvertent elipsis...)

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Anon92107 July 7, 2008 @ 12:35 p.m.

Response to post #43: "I don't think Fumber is Kittle. Their views are similar but they express them quite differently."

Think about it Don, didn't they keep the deranged Kittle caged in the basement with a keeper who did the rewrites/translations for him while you were there?

“Their views are similar” because Fumber is Kittle for sure, he just doesn't get rewrites for rants he posts on The Reader.

Anyone who has caused as much destruction of San Diego as Kittle has can only stay employed at the U-T because the establishment uses him to cover-up their larceny of taxpayer funds that have created the budget deficit.

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Don Bauder July 7, 2008 @ 1:34 p.m.

Response to post #48: I hope you didn't hopelessly soil your computer keys, Johnny. We need your wisdom. Best, Don Bauder

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Don Bauder July 7, 2008 @ 1:40 p.m.

Response to post #49: Brilliant as always. I have erred in this colloquy. I have called our friend by the name Fumber, capitalized, and have called him fumber, lower case. I think lower case is correct. I am distressed that he has not shown up to defend his honor. Best, Don Bauder

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Don Bauder July 7, 2008 @ 1:50 p.m.

Response to post #50: Kittle stays employed at the U-T because the editor, Karin Winner, does not like to speak in public. Kittle loves to do so. Ergo, Kittle is both Mr. Inside and Mr. Outside at the U-T, even though he is not even the boss of the editorial page. Nobody in management seems to have figured out that Kittle's large profile in the community probably hinders circulation. Best, Don Bauder

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JohnnyVegas July 7, 2008 @ 6:49 p.m.

fumbler= Panty Waste!

BTW, please tell me how salt and pepper hides the smell????

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Fred Williams July 7, 2008 @ 8:51 p.m.

fumber (Don is correct, it oughtn't be capitalized) graces us with his words of wisdom, and as always we are enlightened.

Here I've been a fool using those scented green pine tree danglies to hide the stench of my liberalism. I should have been downing handfuls of salt and peper instead.

My mistake...

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Russ Lewis July 7, 2008 @ 10:47 p.m.

You'll need truckloads, Fred. Your stench could knock a buzzard off a s*** wagon.

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Don Bauder July 7, 2008 @ 11:12 p.m.

Response to post #54: Has Rush Limbaugh said this? Best, Don Bauder

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Don Bauder July 7, 2008 @ 11:13 p.m.

Response to post #55: That's fumber's secret. Best, Don Bauder

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Don Bauder July 7, 2008 @ 11:14 p.m.

Response to post #56: Will you get behind the campaign, shovel in hand? Best, Don Bauder

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Don Bauder July 7, 2008 @ 11:16 p.m.

Response to post #57: Who said liberals make no mistakes? You've admitted one. Best, Don Bauder

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Don Bauder July 7, 2008 @ 11:18 p.m.

Response to post #58: I have never heard that expression. Wonderful. Best, Don Bauder

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Anon92107 July 8, 2008 @ 1:55 a.m.

Response to post #53: RE "Kittle's large profile in the community probably hinders circulation"

If that is true, is Kittle Copley's son or social partner or what? Copley must at least let Kittle out of his basement cage for his Nero toga parties in the penthouse to watch and celebrate the San Diego firestorms that they caused.

The editorial board has destroyed the U-T, but there are obviously a lot of readers who still believe in the "Ballot Recommendations" that gives the establishment the real power over San Diego making San Diego as bankrupt as GM because of the shared cultural values of egregious greed and brain-dead stupid incompetence that dominate all politicians in Washington also.

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Don Bauder July 8, 2008 @ 8:24 a.m.

Response to post #64: Remember, once again: the biggest reasons for circulation decline are demographic and technological -- the same factors clobbering other metro dailies. Any paper can boost circulation by slashing prices -- something the U-T has done many times. The U-T is doing worse than other metro dailies for a variety of reasons. Kittle and his ilk are only one of those reasons. Best, Don Bauder

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JohnnyVegas July 8, 2008 @ 8:30 a.m.

Kittle and his ilk are only one of those reasons.

But Kittle is a BIG reason, and one that is 100% avoidable.

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Don Bauder July 8, 2008 @ 6:06 p.m.

Response to post #66: It would be 100 percent avoidable for an astutely managed company. Best, Don Bauder

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JohnnyVegas July 8, 2008 @ 9:05 p.m.

Online website Voice of San Diego just published one of the biggest scoops of the year, if not THEE BIGGEST SCOOP when they outed City of San Diego's SEDC managing director Carolyn Smith for giving HUGE 5 figure bonuses to herself without board approval or council oversight. Smith should be fired ASAP-but my money says it will be business as usual and even more red ink for a city with 2 billion dollars worth already.

If the VoSD could get a scoop like this then the UT could too.

If only VoSD would post ALL of my comments I would be a happy camper (they get mad at me for calling the City employees over paid and over pensioned).

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Don Bauder July 8, 2008 @ 9:59 p.m.

Response to post #68: I've heard the SEDC story by the Voice is a good one. Best, Don Bauder

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