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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (116490)	7/25/2009 9:07:04 AM
From: Dale Baker	Read Replies (3) \| Respond to of 542201

Then what % of the bond market is taken up by unionized companies now? If all unionized companies have to pay higher bond coupons, what is the overall impact to the economy? You asserted it will be a big problem but haven't shown how it will or has actually impacted anything. Most of the "debate" this year is everyone's personal prediction, colored completely by ideology. I prefer to focus on what is actually observable and measurable in terms of results and draw my conclusions there. Because people can - and do - predict anything and everything under the sun with 150% certainty. My approach is less dramatic but sounder for my business in the long run. As far as energy costs go, oil has traded between $30 and $145 in the last year with NG covering a wide range too. No one knows where they will be a year from now with no other intervening factors. The idea that any special uncertainty is coming along also doesn't hold up to scrutiny compared to the current reality.