Saturday, February 28, 2009

economy in shambles

msnbc.com news services NEW YORK - Billionaire investor Warren Buffett predicted Saturday that "the nation's economy will be in shambles throughout 2009" and probably "well beyond." In his annual letter to Berkshire Hathaway Inc. shareholders, Buffett said the credit crisis and falling housing and stock prices have led to "paralyzing fear." Our Mayor and Council believe that THIS is a good time to go 2.5 MILLION dollars more into debt? Buffett is a pretty smart guy and "well beyond" does not suggest a rapid recovery anywhere in the near future. the evidence continues to mount, but the Mayor and Council are too focused on their legacies to care. Dr. Mel P. Johnson

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