IS IT TRUE? November 30, 2011 “Albatrosses and Inflation”

IS IT TRUE? November 30, 2011

IS IT TRUE that today is the last day for City Centre Properties LLC to pay their taxes on the McCurdy Hotel before the agreement that the Evansville Redevelopment Commission extended for 30 days expires?…that the terms of the deal that the ERC offered was that the full financing had to be in place and the taxes had to be kept current?…that the tax part is already violated as the taxes were due on November 10th?…that we expect that if the financing had closed that we would have heard about it by now?…that the CCO will be shocked and amazed if City Centre Properties LLC actually pays their taxes and closes on the financing today?…that it is time to fish or cut bait on this project and that if the ERC has any business acumen whatsoever that next Tuesday they will be officially terminating this agreement and leaving this problem that the Weinzapfel Administration created for the Winnecke Administration to solve?

IS IT TRUE that the same business ineptness that led to the McCurdy debacle is what has the downtown Convention Hotel in a VETTING induced holding pattern?…that there has been sufficient time to VET the finances of Greece, Italy, Spain, and Portugal since the VETTING process began in August?…that to date no VETTING report has been released to the media regarding the two proposals?…that once again, the only reasonable course of action is for the Weinzapfel Administration to STAND ASIDE AND LET THE WINNECKE ADMINISTRATION clean the mess that they have made?…that we have waited for over 3 years for this celebrated project to start so we can wait a couple of more months?…that there is no reason whatsoever for the Weinzapfel Administration to tie a albatross around the neck of the Winnecke Administration in its last month in power?

IS IT TRUE that as we read and write the printing presses at the Federal Reserve Bank are being run at full speed to flood Europe with US Currency for the purpose of propping up the Euro which has been described as “about to collapse” for a couple of days now?…that there will be two effects to this attempt to save the Euro by printing dollars?…that the stock market has already started to rise based on the news of this action and that is the evening meal of watermelon that will make us all feel good when we look at our 401k statements?…that everyone knows that a meal of watermelon tastes great but will not keep you full for long?…that the other thing that will happen by flooding other countries with cheap dollars will be inflation here at home?…that we can all expect to see an increase in prices on food and energy due to our devalued currency?…that this penalty unlike the watermelon that accompanies it will be lasting?…that the actions of the federal government toward the US dollar are reminiscent of the late 70’s under the Carter Administration?…that President Carter was even lampooned on Saturday Night Live for runaway inflation and a Pollyannaish speech in which he was parodied as saying “inflation is your friend, soon we will all be millionaires”?…that indeed we may?…that it won’t mean anything if a tank of gas is $500, your electric bill is $5,000 per month, and a happy meal is $35?

IS IT TRUE that downtown Detroit is getting a Whole Foods Market?…that the population of downtown Detroit is reported to be just over 73,000?…that Whole Foods was given an incentive of $4.7 Million to build the store?…that the incentive was required because the demographics of downtown Detroit do not justify the investment?