Archive for July 28th, 2007

LETTER TO THE EDITOR: AMERICA MAY BE IN A RECESSION

Saturday, July 28th, 2007

nullLETTER TO THE EDITOR:

The U.S. Economic Perpetual Motion Machine is in serious trouble.

Stock market jitters over sub-prime lending, declining housing, American car sales and the falling dollar seems to have the stock market hunting to find market value.

The mad rush to Dow 14000 was just a sucker rally and two-fool theory says you are either a fool for buying or a fool for selling, but stock market sharpies tell me even a dead cat will bounce once.

Tightening of credit results in a shrinking money supply and that means less dollars being spent and less demand driving the manufacturing market.

Gold hit a new high on July 24 of 684.48/oz. there is little doubt that the magic number of previous record $730/oz will soon be broken.

Gold and Silver has always been used as an indicator and hedge against inflation.

I have predicted 2 and 3 dollar/gallon gasoline, beware America will see 5 dollar/gallon gasoline.

All of these factors become a spiral as cost, taxes and earning ramp up and begin to feed on each other.

America may be in a recession.

Congressional testimony indicated most citizen’s earnings have not kept up with economic growth.

If your earnings and investments are not keeping up with inflation then your buying power declines.

Ask the candidates their solution to a declining American standard of living.

The only workable strategy is finding a higher paying job that maximizes disposable income.

Best to make the move to greener pastures, maximize your earnings, and work opportunities.

Danny G. Goe
515 Eastholm
Mexico, MO. 65265
573-581-3547
DGoe@itwebs.com
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EDITORIAL: New York State Must Move Forward

Saturday, July 28th, 2007

nullThe voters of New York State elected NY State Attorney General Eliot Spitzer as our new Governor in November, 2006. There was a positive feeling flowing through New York State. The people felt Governor Spitzer would open new doors and windows to allow new life into our state government.

New York State has suffered for years because dried up politicians had and still have control of our state government in Albany on both sides of the aisle. New York State has leaders who never allow progress to interfere with the long drawn out methods they consistently use to get things done in Albany. The voters are beginning to realize how these rusty heavy weights wield the power they possess to control the politicians, thus legislation. These old clogs fear positive, progressive change because it would signal their demise

Change is what Governor Spitzer is trying to bring to our state. It is important to change the “old guard” from a “slow down” or “do nothing” government to one which will meet the needs of all of New York State now, not next year or next century.

Governor Spitzer is trying to convert the present leaders, who have lived in a Machiavellian world for a very long time, to leaders who will put the people’s needs above all else. In part this will mean they will have to give up a piece of their control to anyone who will make positive changes.

Yes, the political leaders in Albany need to be pushed off their thrones and replaced with people who haven’t been spoiled by the system, yet. WNY has taken a brutal beating from the present leaders in our Assembly and Senate. It is time we strike back and support Governor Spitzer’s effort to bring change to New York, especially in our WNY area. This is the area where change most needed.

Now the Governor’s time and efforts are being tied up defending his staff and himself from attacks from State Senator Joseph Bruno. What a waste of precious time. Senator Bruno isn’t a political angel. Yes, mistakes were made by some members of the Governor’s staff while they investigated him. Their mistakes stemmed from their vigor. These young “Kennedy type” staff members moved too fast and didn’t follow all the rules.

When investigating someone there are methods which should never be used to try to discredit them. In our political past these methods were abused by Republicans as well as Democrats which ruined the reputation of many good people.

If the rats of today’s politics aren’t found out now, history will surely dam their names forever.