Letters

Letters 07-25-2016

Remember Bush-Cheney Does anyone remember George W. Bush and Dick Cheney? They were president and vice president a mere eight years ago. Does anyone out there remember the way things were at the end of their duo? It was terrible...

Mass Shootings And Gun Control The largest mass shooting in U.S. history occurred December 29,1890, when 297 Sioux Indians at Wounded Knee in South Dakota were murdered by federal agents and members of the 7th Cavalry who had come to confiscate their firearms “for their own safety and protection.” The slaughter began after the majority of the Sioux had peacefully turned in their firearms...

Families Need Representation When one party dominates the Michigan administration and legislature, half of Michigan families are not represented on the important issues that face our state. When a policy affects the non-voting K-12 students, they too are left out, especially when it comes to graduation requirements...

Raise The Minimum Wage I wanted to offer a different perspective on the issue of raising the minimum wage. The argument that raising the minimum wage will result in job loss is a bogus scare tactic. The need for labor will not change, just the cost of it, which will be passed on to the consumer, as it always has...

Make Cherryland Respect Renewable Cherryland Electric is about to change their net metering policy. In a nutshell, they want to buy the electricity from those of us who produce clean renewable electric at a rate far below the rate they buy electricity from other sources. They believe very few people have an interest in renewable energy...

Settled Science Climate change science is based on the accumulated evidence gained from studying the greenhouse effect for 200 years. The greenhouse effect keeps our planet 50 degrees warmer due to heat-trapping gases in our atmosphere. Basic principles of physics and chemistry dictate that Earth will warm as concentrations of greenhouse gases increase...

Home · Articles · News · Random Thoughts · Enough with the Doom &...
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Enough with the Doom & Gloom

Robert Downes - July 7th, 2008
If ever there was a time to recall Mark Twain‘s great line on statistics, this is it, considering all the doom & gloom about the economy:
“There are three kinds of lies: lies, damn lies, and statistics.“
If you read the newspapers or follow the TV news, you‘d think the wheels were falling off America. But check the story behind the story on these widely reported downers:

• “Car sales at a 15-year low“: Are you smarter than a fifth-grader? The leaders of the Big 3 automakers aren‘t. In their quest for short-term profits, they kept churning out SUVs and pickup trucks like there was no tomorrow, and neither they (nor the dealers) had the wits to see that these gas-gobblers were doomed to extinction. Now, they have excess inventory and no buyers. Go figure.
Is that bad? Not at all. Now every car company in the world is scrambling to build smaller, energy-efficient cars. Currently, Toyota can‘t meet the demand for its Prius hybrid-electric car, or fill orders for its fuel-saving models.
That means the auto industry is on the brink of a bonanza, not a disaster, with drivers clamoring for vehicles that make more sense.

• “Unemployment on the rise“: Part of this is tied to the auto slump (which will fix itself), with unemployment at 5.5% and a general “under“ employment of 9.7% expected by 2009, according to the U.S. Labor Department.
But consider that the first wave of 75 million baby boomers are retiring. Some of them will extend their careers to make ends meet with part-time jobs, but there will still be tens of millions of boomers saying “take this job and shove it“ over the next 25 years. We‘re on the brink of a huge labor shortage and there will be plenty of jobs for young people, replacing their moms and dads in the workforce.

• “The weak dollar is sending America down the tubes“: Part of the reason gasoline costs so much is because the dollar isn‘t what it used to be. If you had purchased $10,000 in euros a few years back, you‘d have $15,870 now because the dollar has declined that much in value.
Thus, America has become a bargain basement sale for investors around the world. The Chinese and Japanese alone have invested more than $50 trillion in the U.S.A. Then there are the Brits, the Saudis, the financiers of Singapore and Hong Kong... it‘s a big list.
Tourism is on the ropes in Europe because so few Americans are headed overseas this summer. Conversely, Europeans and Asians are flocking to America because prices are at rock bottom here.
Those foreign economies can‘t afford to let America fail because they are chained to our fate.

• “Tough times for Northern Michigan:: True, the Dura Automotive plant is closing in Mancelona, losing 250 jobs. On the other hand, the $80 million Turtle Creek Casino just opened in Williamsburg, adding 200 jobs -- and the place is going gangbusters.
Despite all the pessimistic predictions, tourism is still on a roll in Northern Michigan, with major articles lauding our region in the Detroit Free Press and USA Today. Bigger, better casinos in Petoskey and Traverse City are bringing in more tourists, and we‘ll also see more Canadian visitors here, taking advantage of better exchange rates.
Other positive trends:
• Our local wine industry is booming with reports of sales increases of 20-25%.
• Currently, movie star Ray Liotta is making a film in Benzie County, with more Hollywood filmmakers on the way. As noted recently in the Express, the likes of Clint Eastwood and Johnny Depp have been spotted here, scouting the region for film projects.
• The Traverse City Film Festival continues to grow. Madonna‘s participation this year can only help boost tourism and the region‘s prestige.
• Home sales down? That means the price of housing is becoming affordable again after a decade in which real estate speculators drove prices up by “flipping“ homes for quick profits. Good news for buyers.

Much of what we think about the economy is a matter of perspective: Think of this as a time of opportunity, rather than a downturn.
And remember that even a bad economy can‘t change the fact that we‘re living in the closest thing to paradise in America. We‘re still home to some of the finest beaches in the country, fabulous festivals, and 250 million lbs. of cherries. Life is sweet in Northern Michigan -- literally a bowl of cherries -- especially this time of year.

 
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