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San Diego Redevelopment: They Prey, We Pray
These districts and the Port Authority should be abolished. If entities like this should be formed in the future, they should be elected, not appointed. This is founding principle of our Republic, and the perverted behavior of these unelected bodies has been civics lesson for the whole State. Tax money should be allocated by elected officials with the assistance of those they hire and fire. Eminent domain should be the exclusive right of elected government. The whole CCDC entity was created to destroy the homes of the poor so that they wouldn't offend the upturned noses of those working or owning downtown. If they were allowed to vote on the issues the poor might have defended themselves and their low cost housing in the historic hotels downtown. As it happened, homelessness was imposed on them from on high. One person's blight is another's home.— April 14, 2011 11:27 a.m.
San Diegan Canned for Airing NFL Sex Bombshells
Time was when players could score without coaching. Now they send in every play by radio. "Right hand on left knee... No thats YOUR hand on HER knee.".— April 13, 2011 10:40 p.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
The perps in the fiasco have gone beyond avoiding blame, they have persuaded a movement of morons that the blame lies with the victims. Unions for instance, can be blamed for seventies inflation with justice, blaming today's housing deflation on them is flat crazy. Job insecurity helped cause this price collapse, and for years unions have traded wage gains for empty promises of continued work. The perps are also gearing up a plan to claim credit for any recovery. The new talking point is that the jobless drop is caused by confidence that the Bush tax cuts will continue, even though they have been in place continuously through the entire malaise and collapse. These believers in the importance of confidence follow the American School of Confidence Artists. This art sells.— April 3, 2011 11:46 a.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
Kennedy also ran deficits. I endorse the bipartisan policy of deficit spending that was essential component of the amazing economy of the past seventy years. The general fund bled money, as Surfpuppy notes, for over eighty years, and has plundered Social Security since the program started. The budget is different from fiscal stimulus, which depends on true outflows. George Bush II ran budget deficits, but much was sucked up by the interest paid the federal reserve not passed on to note holders. Those deficits were perhaps inadequate, as evidenced by the lack of wage inflation. The wild and wacky ride of the housing market was largely caused by money printed by the banks, not by the lesser amount the government printed.— April 2, 2011 9:25 p.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
As the wealthy get cashed up, stock and bond prices rise as more money chases the same investments. this is not called inflation, though it is. The rising prices are nearly universally hailed and no one calls for higher taxes to suppress demand. Should wages rise and cause higher consumer prices, the slightest uptick is front page Time magazine disaster, and the banks collectively raise rates to scoop up the extra buying power. Then we hear renewed talk of balancing the budget and stealing from Social Security and pumping the money into the inflated stock market. The worker's pay raise is the owner's inflation. Right now, with limited inflation we can run big deficits ignoring the bankers whining. This should cure the housing crisis by raising prices. Soon we will have recovery and we will have the reverse problems, inflation and shortages. AT THAT TIME we must run surpluses to stop inflation.— April 2, 2011 3:31 p.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
This country needs money, the government is united in its determination to print trillions of dollars in new cash, and the banks will print even more with the government urging them on. Eventually this new money should cause inflation, and when this inflation hits housing, by definition, prices will rise. Some may find this provocative, but I say this nation, that in the last seventy years has achieved wide prosperity with military and cultural dominance, is unusually well run. Mostly because we keep an eye on the scoundrels.— March 31, 2011 5:33 p.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
I am faced with the awkward task of defending our elected leaders on this blog. Both parties, the idiots and the idiotic bigots, know that rising prices, and especially housing prices are needed. both parties have a plan to cause this inflation by increasing spending power. One party focuses on the rich and corporations only, the other does not neglect the rich, but focuses on the middle class. Both parties intend to run huge deficits until inflation is restored, especially housing inflation. I endorse this policy as regrettably necessary. Both parties are in tune with the needs of the voters. Both parties wear the title of idiot proudly, though they are not stupid, because this is in tune with a public that is completely ignorant in economics. They blither in unison with the commentator chorus while marching together in a different direction. The public is wiser than the talking heads, because the public knows it knows nothing. The talking heads, nodding together, condemn the deficits party leaders know we need.— March 31, 2011 2:31 p.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
Some see the housing mess as cause of our recession, I see it as symptom. On one side of town there are large families crammed into two bedroom apartments, on the other side middle aged couples living in nearly empty stucco palaces. This mess won't be cured until families have the money to rent or buy their stucco palace. Income disparity caused this depression, only wage inflation will fix it. The collapse in demand was caused by a collapse in spending power, not by a collapse in need. The collapse was made more sudden by the policy of sustaining demand by loose credit, the debt came due and the lack of buying power was exposed. Weak buying power, not lack of need, or wacky actions by the banks, is the fundamental problem in the economy. The good news is our leaders have an unstated policy of running big deficits while sound biting each other for under taxing and overspending. These deficits should restore wage inflation and solve the housing deflation problem. This may leave may general inflation to our children, but since many are living in cars parked in front of empty tract houses, what choice do we have?— March 30, 2011 12:59 p.m.
City Advertising for Redistricting Support Services
Surfpuppy's trial is a right, if he wants one he must get one end of story. There is no abuse there. As for the five tickets in ten months. After the fourth conviction on safety charges in a year they should suspend the drivers license. A further conviction should mean jail and confiscation of the vehicle.— March 28, 2011 6:53 p.m.
City Advertising for Redistricting Support Services
I can't recall La Jolla secession being discussed outside the pages of the UT. As for that possible La Jolla seat on the council, I don't think those republicans with a slice of that fundraising power would part with that slice easily.— March 27, 2011 2:13 p.m.