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San Diego Unemployment Rate for June Leaps to 5.9 Percent; County Lost Jobs Over Last 12 Months

Since Mr. Bauder appears to be on a very well deserved vacation, I’ll make an attempt to fill the humungous void his absence has created. Unemployment is a consequence of the facts that Don reported in his previous column about Wall Street Socialism, along with Paul B. Farrell’s Market Watch column: “11 reasons America's a new socialist economy - How free market ideology backfired, sabotaging capitalistic democracy.” However, the ongoing decline and fall of American Capitalist Democracy was produced by fact that the United States of America has come full circle from taxation without representation in the 18th century to taxation without representation again in the 21st century. We The People have a bad habit of electing people to a leaderless House and Senate that is now populated entirely by the corrupt and/or the incompetent because only a minority of eligible citizens care enough to vote anymore. The last eight years have proven that personal responsibility, accountability and democracy aren’t really that important to We The People anymore. Locally, another reason for local unemployment problems is that San Diego politics has descended to the sewer level where the Union-Tribune should tell the truth at last and add “Corruption And Greed R Us” as their true motto on the masthead. After all, U-T politics made the quintessentially most corrupt Duke Cunningham and Judge Greer Court possible, producing failures of the Rule of Law as reported by former Justice O’Connor’s opinion published recently, that places American Democracy in grave jeopardy at all levels of government. Having said that, I’m sure everyone is eager for Don Bauder’s return.
— July 24, 2008 1:22 p.m.

More Wall Street Socialism: SEC Wants to Thwart Short Selling of Fannie, Freddie, Brokerage Stocks

Response to post #29: OK Don, since you don’t appear to want to respond to my post #29, I offer the following supporting documentation to my criticism: “11 reasons America's a new socialist economy - How free market ideology backfired, sabotaging capitalistic democracy” By Paul B. Farrell, MarketWatch, July 22, 2008 http://www.marketwatch.com/news/story/eleven-reas… Includes Reason #4. “Deregulation creating new socialist housing system --- We lost 85-year-old Bear Sterns and $32 billion IndyMac. Lehman's iffy. And 90 banks. With the virtual takeover of Freddie and Fanny, Wall Street's grand experiment with free-market ideology is backfiring, having socialized the housing market. They have nobody to blame but their self-centered greed.” Sorry about that Don, but the No One Really Cares culture of enablement has screwed us far more than enough and putting lipstick on pigs has got to stop now that both government and private enterprise have proven to be totally incompetent and greedy while the public no longer demands competence, integrity and accountability from corrupt businessmen, courts, politicians, educators, etc. anymore even as it destroys capitalist democracy.
— July 23, 2008 1:02 p.m.

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