In response to:

The Flight of the Money: Where Has It Gone?

Bob from PA Wrote: Jul 17, 2010 8:14 PM
i work in York, PA and i see this article in action. investors have renovated buildings in the downtown because of relatively low prices/costs but they sit vacant for months with no tenants. i am a lawyer but lawyers are not to blame. this is like blaming lobyists for Congress' action. each member of congress has the power to vote, not the lobbyist. as a lawyer i can argue anything but i don't get to decide the verdict. it is the juries or judge that make the decisions. we need to convince the people that their decisions are creating a mess for the rest of us. unfortunately, i live in PA and though i don't practice in Philly, the people there think the legal system is a lottery which is why everyone venue shops to get a case...

Two months ago, the “new” General Motors made possible by government bailouts, theft of shareholders’ equity for forced re-distribution to unions, and managerial change at government’s gunpoint, was held up as shining example of success – it was even repaying its debt to Uncle Sam early.

But the week of the Independence Day, GM announced its urgent need to borrow five billion dollars, to use in re-paying debt (ie. paying its VISA bill with a new MasterCard) and as cash reserves to counter anticipated slumping sales.

As Arte Johnson used to say on “Laugh-In:” v-e-r-y interesting.

If you...

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