Posted by Hound Dog on November 15, 2003 at 09:51:09:

In Reply to: Re: What about McGee ??? posted by Losing Faith on November 15, 2003 at 09:22:11:

:
: If they screw up - - - reward them. Ayala, McGee, Carter....and a Mayor wil A.D.D. . . . . wonderful choices to lead our city into chaos. As for the financial situation...anyone who follows markets should recognize the sector rotation going on for the past few weeks. Out of high P/E tech ... into low P/E large cap and staples. That reflects a changing interest rate environment ...rates will rise after the first of the year and JC will have lost the chance to lock in lower rates. Another screw up ....thanks Bill.

Rates already went up a bit to the tune of millions of additional
dollars of debt service over the life of any deal of any real size done now compared to a couple of months ago. You happen to
be exactly right. Three consecutive months of improving economic
number point to higher interest rates. No doubt about it.

:
: : I keep reading all these posts about Ayala and his screwups, but nothing about Carlton McGee. It is the common opinion among most city workers and the business community that the man is a total incompetent. His Chicago-based financial consultants would have the City in debt and paying interest for tens of years to come.

: : McGee came to his job knowing little about local or state government/laws and hasn't shown he has learned any lessons. He hands out no-bid contracts without regard to purchasing laws. He has hamstrung Police and Fire in their attempts to modernize and meet homeland security burdens. He has failed miserably in automating/computerizing the apparatus of City government. And of course there is the infamous City website created by his buddy Martin Jackson.

Ayala has the Mayor's ear. McGee does not. McGee is the one competent guy in the list of names above. He is the only one who knows what he is doing and has deep background and experience doing these things. Ayala does not, but has the Mayor wrapped around his finger for some very strange reason nobody seems to understand. If I were a political opponent of Cunningham, I would pay Ayala to keep right on doing what he is doing and he will lead Cunningham into a financial disaster that will take Mayor Man down. Ayala has allied with Sengco to block McGee out of financial decision. Ayala and Sengco together could not add up and balance out a grocery order let alone a major debt restructuring.

: : McGee has a notorious reputation for arrogance and heavy handed tactics. He continually abuses City workers while handing out raises and perks to Cunningham cronies.

: : Ayala may be bad, but McGee is far worse. With all due respect Weezil, you are very much mistaken about McGee.

Follow Ups:

• Re: What about McGee ??? Exactly-What about him? Losing Faith 18:13:01 11/15/03 (0)

Post a Followup

Name    : 
E-Mail  : 
Subject : 

Comments:
: : 
: : If they screw up - - - reward them. Ayala, McGee, Carter....and a Mayor wil A.D.D. . . . . wonderful choices to lead our city into chaos. As for the financial situation...anyone who follows markets should recognize the sector rotation going on for the past few weeks. Out of high P/E tech ... into low P/E large cap and staples. That reflects a changing interest rate environment ...rates will rise after the first of the year and JC will have lost the chance to lock in lower rates. Another screw up ....thanks Bill. 

: Rates already went up a bit to the tune of millions of additional
: dollars of debt service over the life of any deal of any real size done now compared to a couple of months ago. You happen to
: be exactly right.  Three consecutive months of improving economic
: number point to higher interest rates.  No doubt about it. 

: 
: : 
: : : I keep reading all these posts about Ayala and his screwups, but nothing about Carlton McGee.  It is the common opinion among most city workers and the business community that the man is a total incompetent.  His Chicago-based financial consultants would have the City in debt and paying interest for tens of years to come.

: : : McGee came to his job knowing little about local or state government/laws and hasn't shown he has learned any lessons.  He hands out no-bid contracts without regard to purchasing laws.  He has hamstrung Police and Fire in their attempts to modernize and meet homeland security burdens.  He has failed miserably in automating/computerizing the apparatus of City government.  And of course there is the infamous City website created by his buddy Martin Jackson.  

: Ayala has the Mayor's ear.  McGee does not. McGee is the one competent guy in the list of names above.  He is the only one who knows what he is doing and has deep background and experience doing these things.  Ayala does not, but has the Mayor wrapped around his finger for some very strange reason nobody seems to understand.  If I were a political opponent of Cunningham, I  would pay Ayala to keep right on doing what he is doing and he will lead Cunningham into a financial disaster that will take Mayor Man down. Ayala has allied with Sengco to block McGee out of financial decision.  Ayala and Sengco together could not add up and balance out a grocery order let alone a major debt restructuring. 

: : : McGee has a notorious reputation for arrogance and heavy handed tactics.  He continually abuses City workers while handing out raises and perks to Cunningham cronies.

: : : Ayala may be bad, but McGee is far worse. With all due respect Weezil, you are very much mistaken about McGee. 


Optional Link URL:  
Link Title:         
Optional Image URL: 

 

Hoboken Guide

Jersey City and Hoboken Real Estate Waterfront Apartments and Condominiums

Featured Link Featured Listing Advertising Program Business name, Web Site Link and a brief description or motto – runs for one month in the Page (or Pages) of your choice. Sales Associates Wanted! GET NJ seeks sales associates to market ads on a commission basis. For more information, e-mail your resume and contact information to sales@getnj.com – Be sure to mention the area of New Jersey and/or the market segment that you plan to serve. GRAVE ROBBER Jersey City Computer Repair 297 Griffith Street, Jersey City, NJ - 201-798-2292 - In the Heights just off of Kennedy Blvd. - Very close to Journal Square and Union City, just five minutes away from Hoboken, Downtown Jersey City, Newport, the Waterfront, Secaucus, North Bergen and Weehawken - Tech support for The Jersey City Mayor's Office during the administration of Bret Schundler - PC repair - Tivos, too!, upgrade, hardware install, software install, data recovery, spyware removal, virus removal, replace hard drive, replace motherboard, copy files from notebooks, backup information from dead laptops Wanted! Used Computers! Used computers bought and sold. Located in Jersey City, NJ - convenient to the Hoboken 2nd Street Light Rail stations and the Journal Square PATH subway station. E-mail graverobber@verizon.net with an itemized list (description) of what you have for sale and the price. Pickup in the New York City Metro area -- minimum 10 units. Secure, guaranteed data removal is available.

For All Sorts of Unique New York City Information, Visit GET NY!