Readers' comments on business news

GM retirees face difficult choice | July 20

Many wish they had such problems

How sad this retired GM couple must decide whether to take a massive lump sum of $818,000 or continue to receive a pension of $4,854 per month.

What? Are you kidding? This is news? People are unemployed, losing their homes, exhausted their meager savings (if they were able to save anything at all) and this is printed in an economy where everyone would love to have this dilemma?

Have these retirees forgotten that it was the U.S. taxpayers who bailed GM out? Where is our return? Or our pension? Oh — there isn't one!

This article is not news for anyone struggling to raise a family or just exist in this economy. Why aren't there articles for helping those seeking employment to find employment? Where are the jobs? That is what should be printed, not some "sob" story about sleepless nights over whether to take an outrageous amount of money because someone doesn't know how long they're going to live!

Those not having this option just want to live now with a job!

Carol Hess, Hudson

10 reasons for investor mistrust | July 17

Wall Street donors hijack government

Times columnist Robert Trigaux is on target with this article. His last item on his 10-point list is our dysfunctional government. Most citizens I think, would agree that our government is dysfunctional. But what is the reason our government is so inept? One only needs to look at our system for campaign finance. Until we the citizens demand reform of our campaign financing laws to create an even playing field, our elected officials will continue to be influenced by Wall Street donors that corrupt the system. Small investors are well advised to stuff their funds under the mattress.

Aaron M. Barman, Odessa

State jobless figure misleads July 18

U.S. jobless rate worse than stated

Your article in the business section correctly states that the Florida unemployment rate is understated when you take into consideration discouraged workers that have stopped looking for work. What you fail to point out is that the total country's employment rate of 8.2 percent is also significantly understated if you compare it to the pre-recession Labor Participation Rate.

The LPR for the United States is trending at a 30-year low. This clearly indicates that not only is Florida's unemployment misleading but the headline number for the U.S. unemployment is also very misleading.

The employment situation in Florida as well as the country is far worse than many would like to admit.

Joe Wareham, Tierra Verde

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share your opinions

MAIL: Business News Letters, P.O. Box 1121,

St. Petersburg, FL 33731

FAX: (727) 893-8939

E-MAIL: biznews@

tampabay.com (Please

use the word "Letter" in

the subject field.)

WEB: www.tampabay.com/letters (Choose the

"Business" option.)

Readers' comments on business news 07/21/12 [Last modified: Saturday, July 21, 2012 4:31am]

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