Mendenhall's only idea is to use the recall gimmick to get free publicity for his own run for mayor next time around. shameful.

@James Armstrong - Great letter! Could not have said it better myself.

- Uncle Ed

@Robert Walke Sr. - I agree with you, sir. Ohioans should have the choice to gamble in their home state.

However, I would like to see it implemented in a very broad fashion. I was one who voted down the casino issue in Nov, due to too many restrictions being written into the wording. No, I did not believe there was a tax loophole, or that we were giving a monopoly to anyone, but I think the vote should be to allow gambling, not decide who runs the operation.

- Uncle Ed

@David and Shari McGrew - "Many American taxpayers resisted the false promise of living the good life through easy credit."... seriously?! The average American's credit card debt is over $5k!

As far as the rest of your letter goes... I do agree with bailing out the banking industry, had that not occured we would be in a MUCH worse off situation than we are today... remember... without CASH companies go under.

I do not, however, agree with bailing out the auto companies. These companies need to get out from under the union contracts, they need new leadership, and they need to completely restructure... so for the big three chapter 11 is more beneficial in the long run.

- Uncle Ed

The Recall process is equally as valid as the general election process, and is provided for use by the citizens of Akron by Charter.

Its a shame some in the City can't understand that.

woof

Warner is doing what most people don't have the guts to do - take action for what he believes in.
As any business owner in a JEDD area will tell you, the sewer sale/lease for education was a really bad idea. JEDD taxpayers pay Akron City income taxes but get none of the other services that taxpayers within the city limits get. Not only that, they are usually on a border with another twp or city and have to fight to get basic services such as police service, fire & rescue response and street lights. As of the year 2000, our tax money has gone into the general fund of Akron. We've watched parks be built by JEDD tax dollars when we need more police protection. Why not create a tax on criminals convicted of crimes in Akron to help pay for education? Don't punish decent hard working citizens.
Because of this, I can't support the first letter writer's request to fund state parks. We put way too much empahsis on recreation. Safety issues should always be a first priority.

@Joshua Leeser - Allow me to begin by stating that I am no longer an Akron resident... so this recall does not have an impact on me.

That said, if we get to the crux of the argument we see that the "recall is for a mayor who is found to be corrupt, incompetent or unfit to lead." Great. Now the only question is how do we determine if they mayor is any of those things.

Well to be corrupt is to have bad morals, manners, or actions. To be incompetent is to be lacking skills or abilities, which also lends itself to unfit to lead.

Well then we would have define what we mean by bad morals or by lacking skills... do you see the can of worms sitting here. If you approach 100 people on the street and ask them to define some of these terms... chances are you will get 100 different definitions. So what you think, is different than what I think, is different than what the other guy thinks...see where I am going.

Regardless of how you feel about the mayor (again, I do not care as I am not an Akron resident) there is a process to put in place to be follow if someone feels strongly enough that the mayor is doing a bad job (sorry, there is one of those ambiguous words again).

- Uncle Ed

@MEDward---Are you playing with a full deck? You remind me of the character Peter Sellers played in the movie "Being There", Chauncey Gardner. He was so simple people actually thought he was brilliant. The accidental ruse was on them, nothing done intentionlly by him. Not the case with you, MEDward. When you go off with garbage like this, it's not for the benefit of anyone reading it or the person you're back @. No, this kind of non-sensical verbiage is all about your own large ego and re-reading pleasure. You're not Platonic. You're not making a difference in anyone's life. You're not contributing to the greater good of anything. You're only contributing to some lack of self-importance within your empty life. Like everyday the mesmerized ABJ editorial commenters are waiting for Uncle Ed to give us our morsel of humbling, deep thought. Don't you realize that people actually laugh at you when the read these kinds of posts?
Posted by Uncle Ed 07:14 AM, 12/12/2008
"Well then we would have define what we mean by bad morals or by lacking skills... do you see the can of worms sitting here. If you approach 100 people on the street and ask them to define some of these terms... chances are you will get 100 different definitions. So what you think, is different than what I think, is different than what the other guy thinks...see where I am going."

@Robert - are you suggesting I should not practice free speech because you disagree with me?

Or in all of your rambling and insult hurling do you not actually make a point... not too sure.

- Uncle Ed

Dear Uncle Edhead: If you have a stock portfolio ya better keep an eye on it today Edhead. Could get REAL UGLY. No auto bailout last night...your wet dream was realized. Those greedy workers get coal in their stockings. Shame on them for not caving into the Republican Junta of giving away the store in wage concessions. Remember...Edhead....these are REAL PEOPLE....not millionaire creeps trolling for dollars on WALL STREET. Again...I say Edhead....you are not a people person....and you definitley lack EMPATHY. Merry Christmas....scrouge.

@Dave - My portfolio (like many others) is already ugly. I am just glad that I have no worries right now and do not need the money I have currently invested. In all honesty, I am very happy with my portfolio as I have been able to re-allocate to pick up some very good deals. Now it's just a waiting game.

I am glad that the bailout is not going to happen. In the long run it will be better for the big three to go though chapter 11 rather than keep going how they are today.

I am very much a people person... I think what you want to say is that I am not a "Dave person".

Thanks... and a merry Christmas to you too!

- Uncle Ed

Nice letter about supporting Ohio's state parks. Everyone should support the environment & the wildlife in it.

Hey UE. Your objections to the auto bailout are ridiculously myopic. Every argument you present begins with getting rid of the union and $ 53,000 a year overpaid autoworker. Fine. You don't like organized labor — we get it.

What is it you have against the 600,000 US workers that are tied to the industry in supply chain manufacturing jobs. 70% of every car is made from parts these companies produce. These suppliers are already owed $ 10-12 billion from GM and Chrysler for parts they have already delivered. Chapter 11 filings by the automakers will almost certainly spell the demise of of many of these companies, both large and small.

@ Ken: Uncle EdHead cannot do THAT MUCH THINKING.....Cramping occurs in his brain and he must be air flighted to the closest ER facility. I am telling...one more time...EdHead.....Chapter 11 will be a CATEGORY 10 DISASTER......just picture Sarah Palin as President as example.

@Ken - Actually every argument I present starts with Chapter 11 being more beneficial for those companies in the long run than a bailout.

You are right, I do think that UAW has outgrown its usefulness.

We are talking about three companies in the industry... not an entire industry. Why are you falsely painting a "the sky is falling" picture.

Run along now chicken little...

- Uncle Ed

@UE. I don't have time today to fill in all gaps in your knowledge, so here's a link;

http://www.nytimes.com/2008/12/12/business/12rescue.html?th&emc=th

Dear Uncle Edhead: That head of yours is hard....real hard. You probably thought invading Iraq was a good idea too. Please DO NOT give ANY ADVICE on stock picking. By the way...Mister Wizard.......allow me to pose a simple question to you: What is a better way to distribute one million dollars. 1: Give it all to fat-cat CEO (because he "works hard" ) or 2: Split the million among 200 UAW workers. What is more beneficial to the economy EdHead???? I already know your answer......give IT ALL TO THE PIG!!!

MEDward, You're on record in past posts as being above name calling,
so what's up with this:

Posted by Uncle Ed 09:39 AM, 12/12/2008
@Ken - Actually every argument I present starts with Chapter 11 being more beneficial for those companies in the long run than a bailout.
You are right, I do think that UAW has outgrown its usefulness.
We are talking about three companies in the industry... not an entire industry. Why are you falsely painting a "the sky is falling" picture.
"Run along now chicken little..."

Going Chapter 11 then liquidating will not benefit the auto industry. It's obvious what industry you're in, MEDhead: Stock Broker, Financial Planner, HedgeFunder, Venture Capitalist.....one of those, I'll take my pick. That's why Chauncey Gardner was all for TARP because he might be walking the streets right now with no job and his portfolio as shrunken as his brain!!!!

@Ken – great, you found an article to support your chicken little story. Would you like me to find an article to support mine? That is not a hard thing to do… The thing is that with the global nature of the auto industry, this disaster story you try to perpetrate will never happen. If a handful of suppliers go under, the others will pick up the slack (which will actually spur growth).

Now, if you really want to have a discussion, we can. Let’s look at the benefits of not bailing them out:

- We get to avoid a short term solution and keep billions of taxpayer dollars in our pockets. GM is burning cash at $2B a month, so a bailout would give them maybe half a year until they are back begging.
- The big three NEED to restructure. They need to cut wages across the board. From the $70 shop floor worker to the $24M CEO.
- They will have the opportunity to trim bad lines. Look at how successful companies work… how many lines do Honda (2 – Honda, Acura) or Toyota (3 – Toyota Lexus, Scion), own? Compare that to GM (8 – Buick, Cadillac, Chevy, GMC, Hummer, Pontiac, Saab, Saturn; plus international brands and countless defunct brands)
- They will be forced to build a better product to survive. Tax dollars will not change this fact.
- If you continue to bailout… the number of companies in line will grow and grow.
- And my favorite reason… IT’S BEEN DONE BEFORE AND DID NOT WORK! (http://en.wikipedia.org/wiki/British_Leyland_Motor_Corporation)

- Uncle Ed

MEDward: Here's something more about the Fairness Doctrine to chew on:

"There are many misconceptions about the Fairness Doctrine. For instance, it did not require that each program be internally balanced, nor did it mandate equal time for opposing points of view. And it didn’t require that the balance of a station’s program lineup be anything like 50/50.

Nor, as Rush Limbaugh has repeatedly claimed, was the Fairness Doctrine all that stood between conservative talkshow hosts and the dominance they would attain after the doctrine’s repeal. In fact, not one Fairness Doctrine decision issued by the FCC had ever concerned itself with talkshows. Indeed, the talkshow format was born and flourished while the doctrine was in operation. Before the doctrine was repealed, right-wing hosts frequently dominated talkshow schedules, even in liberal cities, but none was ever muzzled (The Way Things Aren’t, Rendall et al., 1995). The Fairness Doctrine simply prohibited stations from broadcasting from a single perspective, day after day, without presenting opposing views."

http://www.commondreams.org/views05/0212-03.htm

Your misguided thoughts about "freedom of speech" or lack there of in the "Fairness Doctrine" are soundly refuted in this essay if you have the intellectual curiosity to read it, let alone absorb it......

@Dave - actually, as I have stated before, I completely disagree with Iraq and would like to see Bush and his adminsistration brought up on war crime charges.

You would have to give me more information about the situation. What was the state of the company before the CEO took over... how much do the workers make compared to the industry average... etc...

But if I were to answer with only the information you posted... I would do one of two things re-invest into the company or pay it out to shareholders as dividends. I see no reason to give it to either the CEO or workers in your example.

- Uncle Ed

Posted by Robert 10:30 AM, 12/12/2008

Going Chapter 11 then liquidating will not benefit the auto industry. It's obvious what industry you're in, MEDhead: Stock Broker, Financial Planner, HedgeFunder, Venture Capitalist.....one of those, I'll take my pick. That's why Chauncey Gardner was all for TARP because he might be walking the streets right now with no job and his portfolio as shrunken as his brain!!!!

------------------------------

Actually, chapter 11 is all about reorganization and not liquidation. (http://en.wikipedia.org/wiki/Chapter_11)

You are wrong about my industry... guess again :)

I do not consider that name calling... I would consider my sky is falling and chicken little comment an allusion to a children's tale.

- Uncle Ed

MEDward: What more do you want from the UAW, and you continue to make false claims about salaries....Just like KenRightAgain said yesterday, you think if you keep saying it that it's true....

"Yesterday, UAW President Ron Gettelfinger said that his union was ready to make new concessions despite a landmark cost-cutting labor contract signed just last year, as he urged Congress and the Bush administration to step forward with a multibillion-dollar auto industry rescue plan.

The UAW, whose membership at the Big Three Detroit car manufacturers has dropped by half in the past five years, said it would let General Motors, Ford and Chrysler delay payments owed to a massive health-care fund for retired workers and suspend a program that pays laid off workers for up to two years. Gettelfinger made the new concessions reluctantly, complaining that the federal government was stepping in to rescue financial institutions while letting the car companies dangle near collapse. "I'm having a little problem myself understanding why there's a double standard here," he told reporters after a meeting of union leadership. "But we accept it and we'll play by those rules."

http://www.washingtonpost.com/wp-dyn/content/article/2008/12/04/AR2008120400799_pf.html

You don't support your fork tongue opinions, false claims, and misinformation because it's easier for you to just type whatever materializes in your shrunken brain.....GIVE US SOME LINKS/QUOTES to support MEDwardology......

@Robert - I would like you refute the points I made in my 10:33 post to Ken. I am beginning to believe that you cannot think for yourself... all you do is post links to other people's thoughts. Remember, this is a forum allowing people to express OPINIONS. I read information... asses that information based on my past knowledge and experiences... any form an opinion. Unlike you, I do not need an article or someone else to tell me what to think.

As far as you wanting me to post links... I do and you still ignore them. Just like yesterday when I disproved your comment about Catholicism being a cult.

- Uncle Ed

@UE. My point was that your reasoning seemed to begin and end with blaming the UAW. I was simply pointing out that there are other jobs at stake and the link was merely grist for the mill, and you're right, we can all provide links to back up our "opinions". Links up the wahzoo.

You do have a valid point. And, I have stated before, that Chapter 11 may be a good thing for GM if it's the only way to remove the bloat. GM needs a total restructuring. They still maintain an infrastructure and 5,000 ????dealerships in place for a long gone 50% market share. They now have the same market share (20%) as Toyota, but Toyota has 1/3 the lines and dealerships. Any moron (think CEO) should be able to look at that picture and realize drastic measures are needed and waiting for the VOLT to save your skins is not going to get it. The problem, because the industry is so interwoven into the countries manufacturing base, is not to throw the baby out with the bath water.

Dear Uncle Edhead: I asked what would BE MORE BENEFICIAL TO THE ECONOMY???? Pick one.

@Ken - then it looks like (for the most part at least) you and I are on the same page. The big three, top to bottom, need an overhauled. Chapter 11 is the best option in my mind. There will be pain, no doubt. But in the long run, it will be more beneficial and cost effective than a bailout.

- Uncle Ed

@Dave - I did tell you what I would do with the money, and I think that it would indeed be the most beneficial to the economy. Consistent dividends are one of the few positive diving forces in todays market. Until price fluctuation calm down, investors will focus on dividends.

- Uncle Ed

McGrews--it is not clear that any of the automakers will be able to get new financing under a Chapter 11 reorg. Also, the cat is out of the barn--Paulson convinced Congress that the $700 billion TARP was necessary to avoid going over the cliff into a depression--so it was like holding a gun to their collective heads. It was a possibility then and may still be. Like you I have saved and spent responsibly and my retirement plans have shrunk 40% or so in the last year. But what to do now is the question. And I don't think we can take the chance of letting one or more of the big 3 fail, due to the number of jobless that would be out on the streets and other stresses on the system--PBGC, health care costs, etc. Since the money comes in the form of a loan, it will be paid back, with interest, assuming they survive.

Dear Edhead: Your UTTER DISDAIN for working people DISGUSTS ME!!!! 700 BILLION to the creatins who got the economy in this mess.....and Uncle Edhead cries...cries....and cries some more about union workers making too much. You are a complete fraud. I am so happy to see other posters blasting you on regular basis. Keep it up.

MEDward: Most of my posts that contain links are provided to refute you playing loose with facts. Obviously, the Big Three and the UAW need to come together with meaningful concessions, a sound business model moving forward, and an upper management overhaul,but not via Chapter 11. Liquidation would occur, then it would be over. And as far as Catholicism being a cult, I provided, once again, back up. It is the opinion of that author, and mine, that it is in fact a cult. What do you consistently carp about
regarding opininons? Also, regarding this post:

@Robert Walke Sr. - I agree with you, sir. Ohioans should have the choice to gamble in their home state.

However, I would like to see it implemented in a very broad fashion. I was one who voted down the casino issue in Nov, due to too many restrictions being written into the wording. No, I did not believe there was a tax loophole, or that we were giving a monopoly to anyone, but I think the vote should be to allow gambling, not decide who runs the operation.

- Uncle Ed

I agree with you completely on that one, being in the Gaming Industry myself. Good post MEDward...For once.....

@KenRightAgain:

"Any moron (think CEO) should be able to look at that picture and realize drastic measures are needed and waiting for the VOLT to save your skins is not going to get it."

And another scarry thing is with oil/gas prices plummeting that the moron (think consumer) will resort back to buying the guzzling SUV's/Trucks that are now selling well below sticker. A dealership in Florida, I believe, is giving two for one, with the second one going for just tax, title and freight. I can see the U.S. lapsing back to it's old familiar consumptive ways just like it did in the eighties....

@Dave - I have no "utter disdain for working people". I am a working person myself. I also am an investor, and know that the number one goal of any publicly traded company should be making the shareholders happy. This is because shareholders provide the financial backing that every company needs to stay solvent.

Now, to the statement you made about me crying about workers making too much... well, I do not recall crying and as I have stated I would have no problem with it if the wages and benefits were decided by a free market rather than union strong arming.

Call me a fraud if you want, at least I am able to verbalize my opinions in words in a calm rational fashion... this seems to be something you have a difficult time with.

By the way... how do you define "other posters blasting you"? That is a fairly vague statement.

- Uncle Ed

MEDward: Chew on this regarding your church--

Roman Catholicism is not only left out of the list of cults by the experts, but it is explicitly approved. For example, in Scripture Twisting, James W. Sire, longtime editor-in-chief of Intervarsity Press, defines a cult as having "doctrines and/or practices that contradict those of the Scriptures as interpreted by traditional Christianity as represented by the major Catholic and Protestant denominations...." Sire makes Catholicism a standard of orthodoxy against which cults are to be judged! Yet he accuses the cults of twisting Scripture, a technique of which Rome is surely the ultimate master! Sire indicts Mormonism as a cult for adding other revelations to the Bible—but Rome has added far more new revelations to the Bible than the Mormon Church! Sire declares, "There is no guru class in biblical Christianity, no illuminati, no people through whom all proper interpretation must come", yet that is exactly the situation in the Roman Catholic Church! How, then, does he make it the standard of orthodoxy?!

@Robert - Chapter 11 does not mean liquidation will occur. I have provided links to show this... end of story. I am right and you are wrong.

You are entitled to your opinion... and in my opinion you are wrong, I have provided evidence to show that, and have pointed out the fact that your source contradicts himself.

Regarding your follow up post... I do not agree with that definition. I provided you a link to the common definition yesterday.

Thanks for playing, you are wrong again.

- Uncle Ed

@Robert and Dave -

http://www.cnn.com/2008/US/12/12/american.cars/index.html?eref=rss_topstories

aaaaaand... DISCUSS!

Dear Edhead: I do not see many other posters agreeing with your certitude.......sir.

Dear EdHead: Remember this....labor comes BEFORE capital......not the other way....

@Dave - not agreeing and "blasting" me have nothing in common. Please try again.

----------------
Posted by 02:28 PM, 12/12/2008
Dear EdHead: Remember this....labor comes BEFORE capital......not the other way....
----------------

You most certainly have this wrong my friend. If you have no seed money (i.e. capital), no matter how little, you will not need labor because you have no way to start your business.

Let's take a simple example. You want to start a lemonade stand. So now that you have this idea, what do you do first. Well... you need a location, you need supplies, and you need labor to work your stand. But wait... you realize that before you can get any of that you need CAPITAL!

I guess you were wrong.

However, if you wanted to say labor comes before REVENUE... I could see your point. But remember, revenue is not always a part of business... look at the Big Three.

- Your favorite Uncle

@MEDward...regarding this previous quote:
"Remember, this is a forum allowing people to express OPINIONS. I read information... asses that information based on my past knowledge and experiences..." Are you making up the rules for this site now? Commenters can do as they please, MEDward, there's no stipulations one way or the other by the ABJ. Also, regarding Chapter 11, it is my opinion liquidation would occur; I'm entitled to my own MEDwarding,too. And, I'm posting while I'm working, so it's alot faster for me to refute you with backup as I choose to provide. I do have opinions, MEDward, but they're not grounded in my own EDitorializing and making up facts as I go along.....

@MEDward--
"Regarding your follow up post... I do not agree with that definition. I provided you a link to the common definition yesterday.

Thanks for playing, you are wrong again."

SO WHEN MEDward DOESN'T AGREE THAT MEANS HE'S AUTOMATICALLY RIGHT AND EVERYONE ELSE IS WRONG...MORE TWISTED MEDward LOGIC.......

MEDward--Does this make you happy now?

"NEW YORK – General Motors Corp. said Friday it will temporarily close 20 factories across North America and make sweeping cuts to its vehicle production as it tries to adjust to dramatically weaker automobile demand.

GM said it will cut 250,000 vehicles from its production schedule for the first quarter of 2009, which includes a cut of 60,000 vehicles announced last week. Normal production would be around 750,000 cars and trucks for the quarter, spokesman Tony Sapienza said."

As Springsteen wrote:

"Foreman said these jobs are going boys,
And they ain't coming back...
To Your Hometown, Your Hometown..."

MEDward--You don't call this name calling, your earlier post to KenRightAgain,

We are talking about three companies in the industry... not an entire industry. Why are you falsely painting a "the sky is falling" picture.

"Run along now chicken little..."

- Uncle Ed

"I do not consider that name calling... I would consider my sky is falling and chicken little comment an allusion to a children's tale."

You're incredible, MEDward, trying to make us believe something so obvious is really something else....Sleight of hand, smoke and mirrors, dog and pony shows, all part of MEDward's repetoire...You called him chicken little, plain as day, but then MEDward tries to squirm out of it with his twisted thought process...BACK TO YOUR ROOM, MEDward....And by the way, when this site converted from Topix, you thought you were going to have free roam, even going so far as annointing yourself "site sage." Too bad your phony parade got rained on.....

@MEDward---

"You are wrong about my industry... guess again :)"

Ambulance chaser or ticket writer at Thistledown...

@MEDward---Regarding this quote of yours:

Let's take a simple example. You want to start a lemonade stand. So now that you have this idea, what do you do first. Well... you need a location, you need supplies, and you need labor to work your stand. But wait... you realize that before you can get any of that you need CAPITAL!

So tell me, who came first, the chicken or the egg?

MEDwardology trumps everyone else's opinion, however MEDward answers that question is the correct answer.

@Robert - you spent time writing three posts... not concerned about any CONTENT... all you to is attack the author. That is called an AD HOMINEM and it is actually a fallacy in a logical statement.

Since the only rebuttal to any of my statements you can come up with is a fallacy... well that must mean one of two things... you are not intellegement enough to come back with a true rebuttal, or I am right...

I will let you decide which it mean.

Now... on to refuting your statements... something I have been doing all day long. I never called Ken anything. I stated the he did indeed paint a picutre as if the sky were falling. I then made a statement alluding to a story. It was YOU that made the connection between Ken and chicken little, not I.

No I am not happy to see production levels cut. Ideally, this would not be going on; however, it is going on. As far as solutions go, I think (and have provided a bulleted list as to why, see my post at 10:33) that Chapter 11 is the best option. Regarding the difference between Chapter 11 and Chapter 7, I have provided links as well. Clear as day, Chapter 11 handles re-orgs and Chapter 7 handles liquidation. There is no refuting this fact.

Finally, as far as your "definition" of a cult, you cannot make up your own definition. A cult, by definition (link was provided) goes against the mainstream.

@Robert - what did you think about the article I posted at 2:16?

@MEDward---

Ambulance chaser or ticket writer at Thistledown...

--------------

How did you guess?

Posted by 04:27 PM, 12/12/2008

@MEDward---Regarding this quote of yours:

Let's take a simple example. You want to start a lemonade stand. So now that you have this idea, what do you do first. Well... you need a location, you need supplies, and you need labor to work your stand. But wait... you realize that before you can get any of that you need CAPITAL!

So tell me, who came first, the chicken or the egg?

MEDwardology trumps everyone else's opinion, however MEDward answers that question is the correct answer.

--------------------------

Well, then you tell me how to open your lemonade stand without capital.

How will you get your location?

How will you get your supplies?

How will you get your employees?

If I am wrong... then prove me wrong!

- Uncle Ed

@MEDward:
You tell me how I'm going to open it if I have no labor?

@Robert - You won't open without labor, but you need capital in order to hire labor.

So again, I challenge you to prove to me how you can run a business without capital.

I do not think you can prove me wrong. I think you know you have been bested.

Thanks - Uncle Ed

@MEDward
Posted by Uncle Ed 05:45 PM, 12/12/2008
@Robert - "You won't open without labor", but you need capital in order to hire labor.

So again, I challenge you to prove to me how you can run a business without capital.

I do not think you can prove me wrong. I think you know you have been bested.

Thanks - Uncle Ed

That sums it up in quotation marks....Thanks for answering your own question and proving me right...That we're both right...Who came first?

@Robert... I try to be civil on here, but I am starting you think that you are an idiot.

Let's answer the question instead of dodging it... shall we..

I challenge you to prove to me how you can run a business without capital.

@Robert - Also, you have failed to refute one fact from my 10:33 post on why Chapter 11 is better than a bailout as well as ignore the link I posted at 2:16...

You claim to focus on facts... let's go... talk facts.

@Everyone---Here are today's quotes from the world of MEDwardology....Let's see what we learned:

"No, I did not believe there was a tax loophole, or that we were giving a monopoly to anyone, but I think the vote should be to allow gambling, not decide who runs the operation."---

MEDward pontificating regarding Gaming. He's an expert on that, too.

"I do agree with bailing out the banking industry, had that not occured we would be in a MUCH worse off situation than we are today... remember... without CASH companies go under."---

Duh...thanks MEDward for stating the obvious once more....But MEDward thought it was great to throw cash at Wall St. with no strings attached...Hmmm

"That said, if we get to the crux of the argument we see that the "recall is for a mayor who is found to be corrupt, incompetent or unfit to lead." Great. Now the only question is how do we determine if they mayor is any of those things."---

MEDward counseling a letter writer and demonstrating, once again, a knack for getting to the root of a problem...

"I am glad that the bailout is not going to happen. In the long run it will be better for the big three to go though chapter 11 rather than keep going how they are today."---

Hmm....MEDward has a "Union" phobia, good thing Wall St. is non-union, or else MEDward would have wanted them stiffed too.

"Run along now chicken little..."---

MEDward calling KenRightAgain a name, even though he denounced name calling in past posts...

"If I am wrong... then prove me wrong!"---

MEDward having a temper tantrum...I hope the mouse survived...

"I do not think you can prove me wrong."---

MEDward now hedging on whether or not he can be proved wrong afterall....I detect a tad bit of doubt there...MEDward was feeling a little insecure....

So there we have it, today's MEDwardology in a nut shell......

@Robert - You are dodging again...

I challenge you to prove to me how you can run a business without capital.

You have failed to refute one fact from my 10:33 post on why Chapter 11 is better than a bailout.

Ignore the link I posted at 2:16.

You were the one who wanted facts... what happened to that?

- Uncle Ed

MEDward pontificating regarding Gaming. He's an expert on that, too.

** You agreed with me on this one...

Duh...thanks MEDward for stating the obvious once more....But MEDward thought it was great to throw cash at Wall St. with no strings attached...Hmmm

** Actually, I wanted strings attached, but yes in theory I agreed with the financial industry bailout. I ask that you stop putting words in my mouth.

MEDward counseling a letter writer and demonstrating, once again, a knack for getting to the root of a problem...

** What can I say... I am awesome

Hmm....MEDward has a "Union" phobia, good thing Wall St. is non-union, or else MEDward would have wanted them stiffed too.

** I am not anti union... I am pro-free market. Again, please do not put words in my mouth.

MEDward calling KenRightAgain a name, even though he denounced name calling in past posts...

** I wonder if you know what an allusion is...

"If I am wrong... then prove me wrong!"---

MEDward having a temper tantrum...I hope the mouse survived...

"I do not think you can prove me wrong."---

MEDward now hedging on whether or not he can be proved wrong afterall....I detect a tad bit of doubt there...MEDward was feeling a little insecure....

** You wanted me to use facts... I have used facts... and you are afraid to touch me now. You fail to address the facts you begged me to post... it's rather sad actually.

@MEDward: Folks, now MEDward wants to change the rules....First MEDward said anyone can post anything, it's their opinion, opinion isn't fact, this site is for commenting. So, now that MEDward is met with opinions like his to refute his, he now says he's providing facts. Now, because MEDward threw in a few links today, he's now part of the fact finding crowd, he's now a producer of facts. Which way do you want it now, MEDward? Who came first, the chicken or the egg, MEDward. MEDward provided the definition of the word "cult". I disagreed with that definition and provided back up in the form of a link and a quote to support my contention. I gave MEDward himself back, and MEDward didn't quite know how to handle that. You see, the other day when I provided the definition of the word "Koo*", and demonstrated that MEDward did in fact fit said defintion, MEDward said, in his opinion, that that was not true. MEDward provided no back up like I did when I contended that his definition of cult was not true. MEDward, right now, is so discombobulated I hope he doesn't blow a gasket this weekend and go postal......MEDward, please go to your room, take your anti-depressants, sleep it off, go to Virgina Kendall on Saturday for a therapeutic walk, then wake up Sunday morning all refreshed for another dose of Cultholicism.....

@MEDward, Now I'm really concerned about you after reading this last paragraph from your last post:

"** You wanted me to use facts... I have used facts... and you are afraid to touch me now. You fail to address the facts you begged me to post... it's rather sad actually."

MEDward, I finally agree with you, I DO NOT WANT TO TOUCH YOU....You're really trying to turn this site into something sick....Go troll elsewhere, please, if you must attempt to satisfy your sick needs on the interenet....

@Robert - You are dodging again...

I challenge you to prove to me how you can run a business without capital.

You have failed to refute one fact from my 10:33 post on why Chapter 11 is better than a bailout.

Ignore the link I posted at 2:16.

You were the one who wanted facts... what happened to that?

- Uncle Ed

@MEDward---

Why are you on your computer at 11:20pm? Think about it.....You're obsessed......You can't get Dave and myself out of your mind, can you? And you think we'd really show up to meet a freak like you? We're a little more sane than that. It's 9:20pm my time. I knew you'd be here, my girlfriend is looking over my shoulder in amazement. There is something wrong with you. If I could uncover your e-mail address I would report you to the proper authorities. AS A MATTER OF FACT, I'M GOING TO CALL THE ABJ AND REPORT YOU PERSONALLY.......YOU ARE A SICK INDIVIDUAL.....YOU ARE VERY SCARRY.......YOU NEED TO BE PERMANENTLY REMOVED FROM THIS SITE..........

I am no economic expert by a long shot, but it seems to me that this nation both its government and citizenry got into this mess by over spending and bad credit risks. So how in the world does spending more money (our money) and more bad credit risking (auto companies) solve the problem.
It seems to me these measures are irresponsible and that our government has zero respect for us the citizens and the hard work we do to provide the treasury with hard earned tax money, it seems we are simply money producing mules for them to take advantage of.
My parents grew up in the depression, as did many grandparents still alive today. The governemnt pro-longed the depression with its policies and it seems that history is repeating itself.
Bad spending and bad credit risk will come home to roost in our nation, we cannot simply borrow our way out. Maybe it would have been a better idea to not lend anyone any money, or bail anyone out,maybe we should have let the "sky fall",I mean its going to eventually as our debt catches up with us.
Our parents and grandparents had the moxy and fortitude to make it through a depression and the nation survived. As much as the thought of going through that disheartens me for myself my wife and my children who are now young adults. I know that our nation would buck up, and survive and do the restructuring we need to do, to once gain have a thriving economy.
Paynow or pay later, these bailouts are just a band-aid. I say Pay now and get it over with.

@Robert - You are dodging again...

I challenge you to prove to me how you can run a business without capital.

You have failed to refute one fact from my 10:33 post on why Chapter 11 is better than a bailout.

Ignore the link I posted at 2:16.

You were the one who wanted facts... what happened to that?

- Uncle Ed

@Robert - It's amazing... I did not know that coming upstairs, reading the articles in my RSS, and posting a quick comment all before I shut down my CPU for the night was obsessed.

If you are really curious... I had a nice evening at home with my wife... we made a nice dinner and watched a movie. Cannot say that you nor Dave crossed my mind once...

I would also like to point out that you were here posting at 9:35 PST... obviously, this was a priority of the evening for you, not just a quick task before going to bed like myself.

MORE IMPORTANTLY...

Look back at the Dec 11 Letters... you posted three times between 3:08 AM PST and 3:32 AM PST... yet, I am the obsessed one.

Furthermore, I have never said a line like, "See you in the trenches Edward" at 3:32 in the morning on a Thursday.

- Uncle Ed

Dear Uncle Edhead: Good morning all powerfull one. I see you bantering with The Pope till the wee hours last night. My..my.....you really need to find a life. Anyway...back to my "labor before capital" opinion from Fri. It seems you disagree( imagine that!! ) Here is my reasoning......labor is prior, and independent of capital. Capital is only the fruit of labor. It could never have existed if labor had not first existed. Labor is SUPERIOR to capital, and deserves much higher consideration. And...that...Mr Wizard is why the government needs to ok a loan to the Big 3 at this particular time. There are just TOO MANY JOBS (good paying ones) at stake in this horrible Bush Recession. One other question to you EdHead. If productivity rises.....should not wages????

@Robert - You have really made me laugh this morning. I cannot get the thought about you going to the "proper authorities" to report me... think about how this phone call would go...

Operator: This is 911, what is your emergency

Robert: Hi, this is the pope... uncle ed disagrees with me on the abj comment section

Operator: um... THE pope? (silence)... are you there your holiness?

Robert: Well I am not THE pope... do you think I run some sort of cult?

Operator: Sir, this is an emergency line... are you seriously calling me about someone disagreeing with you?

... you can see how hilarious this could be... at this point I envision the call turning into a live action "School House Rocks" lesson about freedom of speech.

Anyway... Robert I do thank you for allowing me to start my day with such a great laugh.

- Uncle Ed

@Dave - I really hope you are not an accountant...

"In business, revenue or revenues is income that a company receives from its normal business activities"
-- http://en.wikipedia.org/wiki/Revenue

"Financial capital can refer to money used by entrepreneurs and businesses to buy what they need to make their products or provide their services or to that sector of the economy based on its operation, i.e. retail, corporate, and investment banking."
-- http://en.wikipedia.org/wiki/Financial_capital

So now we have those terms defined... lets look at a simple business cycle...

$ Capital to start a business ->
Hire labor to make your product ->
Sell your product and earn revenue ->
Pay your costs for labor and raw materials ->
Left over money is profit ->
Use profit to pay owners (dividends) or reinvest in company (more capital).

There is not one pare that is, as you said, superior to the others. Without one they all fall apart. The only real important choice in the whole cycle is whether to turn profit into capital or dividends.

- Uncle Ed

Dear EdHead: I own my own business......so do not lecture me on your "free market" pyramid. I will say it again.....LABOR PRECEDES CAPITAL. Re-read my previous post.....it explains itself. You seem to believe there is a "capital genie" running about. Labor...of some sort...created the capital......not the other way around. I can see you have a contempt for labor.....it just gets in the way of profits and dividends in Edheads' world. merry Christmas......Mr Grinch.

@Dave - if you run your own business then I would have to guess it does pretty poorly... I would hope that any business owner could tell the difference between REVENUE and CAPITAL.

Just to make sure we are clear... I do not have contempt for labor... I have contempt for those who force others to pay them higher than free market wages. Big difference.

- Uncle Ed

@Dave - if you run your own business then I would have to guess it does extremely well... I am glad that you as a business owner can tell the difference between REVENUE and CAPITAL.

Just to make sure we are clear... I have an affinity for labor... I have contempt for those who force others to pay them lower than free market wages. Big difference.

- Uncle Robert

Dear Uncle Edhead: Your contempt is aimed at Unions and collective bargaining. Both parties...company and union sit down and agree what are Fair Wages and Benefits. There is no free market......you live in a fantasy world...EdHead. You said in in earlier post that you supported 700 Billion bailout for the creeps on Wall Street. What about EdHeads' "free market" policy now??? Come on EdHead....let em go under and let the market correct itself. You cannot have it both ways my deluded and confused friend.

Yada, Yada, Yada.

Guess I haven't missed much since being gone all week.

@Robert - You are dodging again...

I challenge you to prove to me how you can run a business without capital.

You have failed to refute one fact from my 10:33 post on why Chapter 11 is better than a bailout.

Ignore the link I posted at 2:16.

You were the one who wanted facts... what happened to that?

- Uncle Ed