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Privatize is a thief's word for steal.— September 7, 2011 2:29 p.m.
New Calif. redevelopment law could stop Chargers stadium
Even as we stare down the abyss of a deflationary spiral, rampant inflation remains a possibility. Should inflation strike the dollar, investors will return to the real estate market, driving up prices far past the boom year peak. There is no guarantee, but I expect the unstoppable deficits to ignite inflation eventually, and fix many of our problems, including the weak real estate market.— August 29, 2011 1:29 p.m.
New Calif. redevelopment law could stop Chargers stadium
I wish our public land were safe from a vote of the people, and that unneeded condo towers wouldn't be built in a polluted flood zone, but if sheer stupidity stopped an idea in this town, we wouldn't be discussing tearing down our excellent Stadium. They must be thinking of stealing real estate, police and fire have already stolen our cash.— August 23, 2011 5:37 p.m.
New Calif. redevelopment law could stop Chargers stadium
The hundreds of millions to watch is in the value of the land the present Stadium occupies. Even when shopping around the county the Chargers kept mentioning the money the city would make developing the stadium land. The first proposal was both a new stadium and condo towers on the present site. I suspect condo towers in Mission Valley is the real reason the Chargers want to move. The Stadium talk is the patter of the dealer at three card monte, strictly meant to deceive. The city's real estate is all that's left to steal, we must keep our eyes open.— August 22, 2011 5:18 p.m.
Will Southern Cal Newspapers Combine?
There''s nothing wrong with our Stadium, only the Chargers complain about it. The present location is superior. My guess is that Spanos wants to develop the current stadium parking lot. This real estate equity must be the cash that would make the deal go. This a very poor time to sell/lease city property, because demand is low. 12th and Imperial is not a better place to see a football game than Mission Valley, even if the new Stadium was free. The proposals I've seen so far seem like paying a Billion dollars to be poked in the eye. I challenge any one who backs this proposal to leave their car five hours on the street in the evening at the proposed site. Who wants to drop off your teenager on South 16th?. This is SO CRAZY.— August 16, 2011 7:44 p.m.
Fed Comes to Market's Rescue
We should remember that we were losing almost a million jobs a month before Obama took over, and the largest intervention ever undertaken brought the economy out of free fall. The Health Care Plan is flawed, but it is a direct attack on a horrible disaster that is destroying the nation. The nation spends two months of every year paying for health care. The US will be hobbled until the health care mess is fixed. Think of the generations of politicians that allowed this disaster to swell, while taking bribes (contributions) from the health care groups. These should be condemned not Obama. I can't speak for the nation, but no thinking person will vote Republican after the shameful display of worsening fanaticism we have seen for ten years. We have a right and a duty to complain, but Obama is our only hope.— August 13, 2011 5:51 p.m.
Fed Comes to Market's Rescue
Obama will likely win this election, good economy or bad. His advantages are numerous. Unfortunately he is unlikely to forge the consensus necessary to fix our problems, because good government is necessary to do this, and a majority of our elected representatives have vowed to destroy the government by eliminating it's taxing and regulating power. Fanaticism rules the day. Don't blame Obama for poor driving, the steering wheel has fallen off.— August 12, 2011 12:02 p.m.
U.S. Loses AAA Rating from S&P
We can blame China for sharing our stupidity, the belief that low wages somehow produce prosperity, that jobs should flow to the most desperate. We can't blame them for being desperate. This disaster is the result of bad ideas held world wide, that are creating a world wide disaster. These ideas are named Monetarism, the belief that strong money is key to prosperity, and that manipulation of money by the banks is the only legitimate way to control an economy. The theory might be esoteric, but the practice is brutal. Simply ignore human suffering until the invisible hand of the market makes things right. When anger rises blame foreigners, start a war and then ignore monetarism and print money out of necessity, and hire the unemployed to be soldiers. There is a better way, blame monetarist stupidity, HIRE THE UNEMPLOYED RIGHT NOW WITH DEFICIT MONEY. Focus on improving roads. parks, universities, hospitals, even things liberals don't like: prisons and military bases. This collapse won't end until the unemployed are hired. HIRE THEM NOW for peaceful purposes, or very soon there will be a big war. In all cases monetarists will babble nonsense as the unemployed return to work.— August 11, 2011 3:35 p.m.
U.S. Loses AAA Rating from S&P
We can't blame China for this, we are the one printing the IOUS. Our corporations are the culprits, closing up shop here and putting the labels of formerly respected brands on Chinese products. The problem is international though, the demand for the US dollar is so great overseas that we can't seem to print it fast enough. The Fed and US Government have created trillions, but little of it is finding it's way into the pockets of spending workers, instead it flows to the job destroyers, the rich who hoard US debt.— August 9, 2011 12:39 p.m.
U.S. Loses AAA Rating from S&P
We can hope that the bond bubble will burst, that would mean investors fear inflation more than deflation. The bonds rise and the stocks fall for the same reason, investors believe that there is not enough money to buy inventory, or repay loans, and wish to snap up bargains later. after the collapse. Right now the big money is on economic collapse, sticking chumps with equities and cashing up. Trillions of buying power disappear with the collapsing market, and the confused right and left seem to believe that deficits are the problem. Actually money creation is the solution, and deficits are part of that. Sadly the money creation has been mostly done by and for the banks, and federal spending is now offset by state and local cuts.— August 8, 2011 2:30 p.m.