Maybe our government should be going to MLB for loans rather than the Peoples Republic of China. I would feel more comfortable with a $1-trillion debt to them than China (which, frightfully, it will soon be). Giving my tax dollars to Mark Teixeira as apposed to a communist nation might not be an economically sound investment, but it would certainly be more entertaining.
Sarcasm aside, are MLB owners paying attention? They appear to be throwing money around with their heads in the sand. Are they not aware of the economy and the big-3 U.S. automaker problems? Don’t MLB executives see how the automakers’ Boards of Directors let their executives and the United Auto Workers dictate their demise? The game is the same, just flip the names. Replace Board of Directors with MLB. Change GM, Ford, and Chrysler to Yankees, Red Sox, and Mets. And call the UAW the MLBPA (players association). For years, auto executives couldn’t see the forest for the trees and spent their way to failure. They wouldn’t stand up to the union, thus payroll got out of control. Sound familiar?
We can talk about foolish baseball owners and the oft-used quote, “If they couldn’t afford it, they wouldn’t pay it.” That carries some truth. But when compensation to players are open books, which is precisely what unions want, contracts get out of control. If you’re not a union person, do you know exactly what the workers next to you are being paid?
Unions had their place in time, but times have changed. I’m all for buying American, however, many American products have become inferior due to the need to cut cost-of-goods to supplement payroll and hit competitive price points. However, Americans want both affordable prices and quality. Hence, they can’t buy American. They buy Toyota and Honda.
I recently read a column by a New York sports writer regarding the Yankees spending $161 million on C. C. Sabathia. He stated, “It’s a natural progression of the market.” What market is he looking at? The only “market” I see grossly over-spending during these difficult times is MLB (and other professional sports leagues).
MLB has been riding a wave of success for a number of years. The league is more popular than ever. However, not so long ago, the real estate market was booming too.
I hope MLB and the owners have long-term fiscal planning in place, because I don’t think corporate America will be filling their wallets as in years past.

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