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Deadlines Are For Idiots ………………


Deadlines Are For Idiots

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I’m not so sure that I can really take much more of the idiocy now going on with regard to the impasse between the NBA and NBPA . Two sides that now seem on course for what could very well turn out to be a contentious divide between the two parties . David Stern and his union counterpart Executive Director Billy Hunter . At the same time union President Derek Fisher and the Executive Committee are intent on not cowering to the demands of the league hierarchy and team owners . In the midst of this all Stern and Deputy Commissioner Adam Silver have tried their utmost in trying allay the fears of the fans who are of the thought that there will be a lockout and labor stoppage .

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Slide show for your perusal .

Coming off what has been one of the better NBA Finals in recent years between the Dallas Mavericks and Miami Heat . And as we know the Mavericks would prevail over the Heat winning that series 4-2 with Dirk Nowitzki being named Finals MVP . It’s interesting to see that Mavericks’ owner Mark Cuban in spite of his team having won the series he has had little to say about what may well be the impending lockout . I’m not about to suggest that this lockout can’t be averted but given the mess created by the NFL and the labor dispute which has now entered its third month , in effect over 100 days, I’m beginning to think that even there also there has been even less common sense shown by all of the parties concerned . Roger Goodell has been outmaneuvered by a truly worthy nemesis in DeMaurice Smith a former patent and labor attorney with DC law firm Patton Boggs LLC .

Now with a great deal at stake for both sides it appears that the team owners and league hierarchy now feel where they’re at the point where they can now see light at the end of the tunnel . And as of now the light being shone can’t be seen because of the ineptitude having been shown by both parties during their ongoing deliberations.

If the NBA team owners such as Jerry Buss , Michael Jordan , Donald Sterling , Rich De Vos , James Dolan , Joe Maloof and Micky Arison have sat back looking for the league hierarchy to lead in the ongoing deliberations. It seems strange that it has been left to Stern to take the lead but in reality it shouldn’t be as a surprise to anyone given the autocratic rule by the commissioner . Slowly but surely the mess created by the league hierarchy as well as the owners and their general managers has me wondering what other forms have idiocy have now taken place under David Stern’s reign ! The NBA has a soft salary cap of $57 million but somehow more than 2/3 of the teams within the league have sought to exceed that figure . Now it’s quite obvious with a downturn in the economy the NBA has been affected adversely and much of that has come down to the very fact the league and union has simply chosen to run amok with regard to their excessive spending . Teams have simply sought to buy their way to success and in large part it has been an immense failure for the vast majority of the teams . With the league now on course to lose in excess of $450 million for the fiscal year 2011 and having lost a cumulative $750 million in the last two years it has to be said the owners and Stern have some pressing issues to resolve.

The revenues shared between the league and players is split on a 53/47 ratio deriving from approximately $3.77 billion . The league hierarchy would certainly like to see that figure lowered but with Billy Hunter and Derek Fisher steadfastly clinging to the belief that it would not be beneficial for their members to be giving concessions to the NBA . Much of what we’re being led to believe now happening between the union and league hierarchy is something akin to modern day comedy of errors . Things have yet to take a truly contentious fervor but it could well be heading that way with David Stern now taking the lead in the deliberations and wanting to come off looking like the hero . And for Stern any photo op that has him being front and center in the public eye makes him all the more appealing for the public’s perception of him .

If there ever has been a reason to simply have little faith in the Congress then the ongoing stupdity being shown by the House of Representatives , Senate and the President’s administration in trying to raise the debt ceiling of $14.3 trillion ($14,300,000,000,000) has me wondering how much longer the two sides can actually remain in denial . Sen Mitch McConnell (R-Ky) and Rep Paul Ryan (R-Wisc) have simply stuck by the fact that tax cuts will be the one thing to stimulate the economy , create jobs and the lessening of government regulations in all facets of commerce , government regulatory authority will go a long way in adding to the vibrancy of the economy . Pity that they chose to ignore the mere fact that tax loopholes will remain in place and also that the numerous committees within both legislative chambers have simply let lobbyists write and rewrite many of the regulations that have placed the economy in the shit-hole that it is now in ! I’ve no real faith in either party given the ongoing stupidity being shown by Democrats and Republicans ! China as the country’s greatest creditor holds in excess 17% of nation’s government bonds and considerable debt . But the herein lies the caveat a great deal of these bonds also held and other governmental financial instruments are in the hands of some of the nation’s largest financial institutions and insurance companies . Think New York Life , Bank of America , Morgan Stanley , Prudential Insurance , JP Morgan Chase and GE Capital .

Even amongst the Democrat cabal of idiots led by Sen Harry Reid (D-Nv) whose own knowledge of the economy can be best described as man whose idea of being firmly abreast of a situation, is try and persuade you that his aides have advised him thoroughly on the issues . Well that’s like saying I’ve just been told a bedtime story by my teacher because Reid like any of his peers within both legislative chambers were never that bright to begin with , especially where it concerns the US economy and its underlying problems !

Any maneuver now either way be it the raising of the debt level and austerity measures in cutting a number of programs will simply be like throwing shit up against a wall to see what will actually stick ! For far too long each successive Presidential administration has chosen to ignore to this acute problem simply thinking that its creditors would continue to buy its treasury bonds because of the added security that the US was a safe haven . Well that’s no longer the case, in spite of what Treasury Secretary Tim Geithner or Federal Reserve Chairman Ben Bernanke continues to say merely to calm the financial markets because the country is now completely bereft of ideas as to how to deal this problem . It’s simply using a Band Aid to cover a hemorrhaging stomach wound and as the exsanguination of the country is now in place , who’ll be left to mop up the blood ?

Should the debt ceiling be raised even with the proposed spending cuts sought by Republicans and a number of conservative Democrats certainly won’t stave off any great fears of a tailspin of US the economy. Speculation asides , all that needs to be done are for the top credit ratings agencies ( Moodys , Standard & Poors ) to downgrade the US government’s credit rating from AAA to AA + or AA- (minus ) and this would send precipitous seismic waves in the financial markets around the globe , as there would be a great deal of uncertainty about the government’s ability to pay down its debts much less make principal or even the interest payments due .

The ensuing mess we’ve seen created here with regard to the NFL , NFLPA , NBA , NBPA , the present US administration and both legislative chambers of Congress simply shows us that common sense no longer prevails within sports but also within the dizzying heights of politics . And no doubt there are those amongst us who are prepared to ask the question why should I care ? Well you ought to care one way or another as many decision about to be made will certainly affect us one way or another in our every day lives .

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Picture gallery for your perusal .

In light of the ensuing negotiations said to be taking place between the NFL , NFLPA , NBA hierarchy and its union counterpart the NBPA how do you view each situation ? And what of the government’s own handling of the debt crisis where do you see things ending up there ? Do you really care at all or have you simply chosen to ignore it all ? Simply chime in with a comment as you deem fit and as always thanks for the continued support as it’s greatly appreciated !

Alan aka tophatal ……………. http://tophatal.wordpress.com

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(1) David Stern (right) and Billy Hunter seen here in June 2005 having just reached an accord on the NBA’s then existing CBA (collective bargaining ) agreement which is due to expire midnight June 30th 2011. AP Photo / Gene Kershaw ….

(2) NBA Commissioner David Stern (right) is seen alongside NBA Deputy Commissioner Adam Silver speaking to the convened press . AP Photo / Mark Richmond ….

(3) NFL commissioner Roger Goodell, left, and National Football League Players Association executive director DeMaurice Smith, right, speak to the media outside of the Ritz-Carlton hotel after addressing players during the NFLPA rookie symposium on Wednesday, June 29, 2011 in Sarasota, Fla. AP Photo/Brian Blanco ……

(4) NBPA President Derek Fisher in line with his Executive Committee and player representatives have steadfastly stood by in their determination not to make any concessions to the league hierarchy and owners unless they are prepared to reciprocate in kind . AFP/ Photo / Marcus Pruett …….

(5) Michael Jordan , left, majority owner of the Charlotte Bobcats and general manager Rod Higgins watch an NBA summer league basketball game between the Bobcats and the Orlando Magic in Orlando, Fla., Friday, July 9, 2010. AP Photo/John Raoux ….

(6) Los Angeles Lakers NBA basketball team’s new head coach Mike Brown (2nd L) poses with team owner Jerry Buss (2nd R), Vice President of Basketball Operations Jim Buss (L) and general manager Mitch Kupchak after a news conference in Los Angeles, California, May 31, 2011. REUTERS/Lucy Nicholson ….

(7) Sen Mitch McConnell seen here alongside fellow Republican members including Sen Jon Kyl (R-Az) [right] addressing the convened press on the nation’s debt ceiling issue as well as that of the President’s healthcare reform plan of which GOP is totally opposed to . AFP/Photo/ Richard Curtis ….

(8) Rep Paul Ryan (R-Wisc) is seen here addressing members of American Conservative Union Foundation a Conservative political Think Tank and lobbyist’s group. AP/Photo ……..

(9) Fed Chairman Ben Bernanke (foreground) listens briefly as Treasury Secretary Tim Geithner (right) speaks quietly in his ear . Courtesy of Financial Times of London / Keith Parsons …..

(10) Director of the National Economic Council Lawrence Summers (L), Chairman of the Council of Economic Advisers Dr. Christina Romer (2L), Secretary of the Treasury Timothy F. Geithner (C) and Federal Reserve Chairman Ben S. Bernanke (R) listen as President Barack Obama (2R) speaks after a daily economic briefing in the Roosevelt Room of the White House March 23, 2009 in Washington, DC. Obama said the administration’s plan to purchase toxic assets from banks is a move in the “right direction” to unlock credit markets. Romer and Summers are no longer a part of the President’s Council of Economic Advisers having stepped down to pursue other outside interests . Getty Images /Pool Archives …….

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