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Fred Williams

Hallelujah! NFL Admits Football Has No Economic Impact

"History Repeating" Updated...watch carefully for some clever highjinx. http://www.youtube.com/watch?v=sTUIHK7gHRE Yes, the Roman Colosseum still stands, but not the Roman Empire. It was Gibbons who coined the phrase "bread and circuses", and the founders of our republic grew up on his analysis of ancient history. Gibbons has gone out of style, as have the virtues he recommended to future legislators. So instead of infrastructure, we got football and baseball fields, hockey rinks and basketball hoops. Schadenfreude makes me want to put out my tongue and say, "I told you so" to San Diego. But it's far to tragic and senseless for that. Oh well. Life will go on, but it won't be so great as it could have been, since we've already squandered so much for so very little...investing in private sports entertainment businesses rather than our kids' futures. Now the billionaires finally admit they've been lying about the economic "benefits" all along. Too late. We're already pretty much wrung out, with no more left to give away to these crooks. Someone who grew up reading about the Fall of the Roman Empire would both punish these charlatans and prevent it from happening again. Sadly, you'll find few in a position of real power who could even tell you who Gibbons was, much less what he wrote. No intelligent man can both love professional sports entertainment and claim to care about America too. Fred
— July 21, 2011 2:42 a.m.

Wall Street Thrives on Main Street Pain

When we look at history, and economic collapses, one of the conditions that makes things worse is a separation between those making the decisions, and those who have to carry out the decisions. Today, in America, there's a tiny sliver that controls most important decisions, whether economic, social, or political. These same decision makers are insulated from the rest of us. They go to different schools, have different expectations, even experience reality in a different way from us. They look down on us, when they deign to notice us at all. When their bad decisions hurt us, they can laugh and look away. After all, we are not the same as them so they have no instinct for empathy toward us. Even when they don the mantle of philanthropy, a lot of times it's either a tax dodge or ego trip. So we see that we are right now experiencing the conditions that students of history know lead to dire consequences. It would be brave to ask, "So what do we do about it?" I admire all those who stand up and dare to speak against this state of affairs. But I'd be kidding myself to say that this is likely to work. Sure, we must speak out...but we know we're going to be ignored and we're objecting mostly to salve our own conscience. We are, in a sadly real way, spectators and commentators when it comes to economics and politics in America. This is especially true in San Diego where the separation between those who truly make the decisions (hint: usually not elected officials) and those who bear the brunt of these decisions has never been greater or more obvious. Hope for the best, but plan for the worst. We can hope our overlords are wise, but since we've seen little evidence of this lately it's prudent to plan how to endure, or better escape, their realm of influence. Best, Fred
— July 21, 2011 2:01 a.m.

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