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Bart Hinkle
Nov 13, 2008

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This coming Tuesday The Times-Dispatch will host a Public Square discussion on the tough economic times.

A panel discussion will get the ball rolling. The panelists: T. Gaylon Layfield III, president and CEO of Xenith bank; Keith L. Muth, managing partner of Virginia Asset Management; J. Afred Broaddus Jr., former president of the Federal Reserve Bank of Richmond; and Laura Lafayette, senor VP with the Richmond Association of Realtors.

Audience questions will follow the panel discussion.

Come to the newspaper’s offices at 300 East Franklin Street downtown, or watch the live broadcast on inRich.com.

If you have questions, call Robin Beres at 649-6305.

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Sorry to disappoint you characters, but the open-microphone will enable minorities, poor, two college students, average street vendor, restaurant employee, college expert, black person from city council and Obama rep. will be there. All will complain about wealth not being spread and how it is the fault of corporate greed and the nasty rich. Oh, did I forget to mention people who got a mortgage they could not afford, after complaining about discrimination, then defaulted? Sorry.

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Simmertime
Nov. 13, 2008 at 08:46 PM

I got the same impression Bob, yet my own gut feeling is far less harsh.

Think about it for a minute.

The laid off worker is only going to vent his distress, whereas the Fed boss might actually float a potential solution. (one might hope)

My guess they will probably only harumph and hem and haw a lot of soothing platitudes and (conservative) happyshinypuppybubbles to keep all the Doris Duke types in the audience properly sedated until this all blows over.

My guess is they will condescend to the audience and attempt to fix precisely nothing. They will urge us to consume. They will remind us where the loan money still can be found. They will remind all the Doris Duke types their credit is still good even if Bob Powell’s is not.

I’ve never understood why in the past economists alternately exhorted us to consume more and save less, and then, save more, and consume less. What we need to do is make more and buy less imported goods.

If the economy goes in cycles, there is money to be made off of the differential and there is a chance to cut out deadwood, but if the economy wobbles out of control, they must harumph at us and tell us not to be such nervous ninnies, why of course there is nothing to worry about.

It is precisely the same thing you tell a dieing man when he has a 10-inch wound in his chest, because after all what else can you say in that situation.

If you go, try to cut through all that Jaycee or Lions Club enthusiasm and hot air and tell ‘em for the ‘ol biscuit that regulation is not such a bad thing and free markets are only free when they aren’t seized up.

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Rogue Biscuit
Nov. 13, 2008 at 03:22 PM

A real cross section of Richmond. All those guys have well paying jobs and golden parachutes. What are they going to do, cut back on golf and trips to Niemen Marcus ? Why don’t you get some real middle, working class and poor people instead of virtual tour of corporate Richmond and Windsor Farms.
I know its old school Marxist but you guys at the T-D are truly running dogs
of the ruling class. I can not imagine any of that group being able to identify with a worker who is laid off, a family
who has lost a home, a retiree seeing his 401 K shrink. Just like the Republicans, the T-D is out of touch.

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bob powell
Nov. 13, 2008 at 02:37 PM

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