Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: suanny who wrote (108404)	2/17/2010 1:01:16 PM
From: ggersh	2 Recommendations Respond to of 116555

Spot on! Couldn't agree more.

To: suanny who wrote (108404)	2/17/2010 1:48:01 PM
From: mishedlo	3 Recommendations Read Replies (2) \| Respond to of 116555

Public unions are more powerful than ever (at least as of a couple years ago) It is ridiculous to propose anything else. Mish

To: suanny who wrote (108404)	2/17/2010 5:59:25 PM
From: axial	6 Recommendations Read Replies (2) \| Respond to of 116555

There's no question that many public-sector agreements - openly negotiated and agreed to - need to be realigned with new economic realities. In that respect Mish is correct. However, we expect bloggers to at least attempt objectivity, and be knowledgeable about what they post. By frequency and vehemence Mish's attacks on union workers outweigh by far his attention to other aspects of US economic decline - or "circling the bowl" as you so eloquently put it. >g< When viewed against the dollar amount of TRUE crimes and misdemeanors, union agreements pale in comparison - and most important, there IS a mechanism to rectify the problem: negotiation. Things are simply out of alignment. However, there was - and is - no wrongdoing. There was no crime committed; simply put, organized labor pursued legitimate paths to economic well-being. *What they did was open to public inspection, lawful* and economically rational.** That is the truth. It's NOT some heinous crime. It's not Wall Street stuff, it's not corporate malfeasance. Now they must be negotiated back into alignment: that is also true. This hardly justifies a witch-hunt. As bloggers become prominent, we note which ones come closest to journalistic standards of excellence, which ones offer expert analysis, and which ones sacrifice objectivity for ideological agendas. 'Nuff said. Jim