On Loyalty (August 29, 2011)

Posted in Military, On [Traits/Characteristics], Pogo Plight, Society on August 29, 2011 by e-commentary.org

. . .

S          “Loyalty is the dutiful younger cousin of love.  Related to agape and unrelated to eros.  You only find it among those with a secure sense of self esteem and magnanimity.”

D          “I also find it among those individuals who subscribe to a disciplined sense of duty.  In boot camp, the military breaks down the individual and builds up the unit based on discipline and loyalty.  Society breaks down the individual and boots him out.  Loyalty is basically confined to the military and to mutts and to a few other strays.  My dog is the only loyal person I know.  Loyalty is a rare and endangered animal.”

. . .

S          “Too often loyalty is defined as a willingness to lie to cover for someone or to cover up a situation for someone.  True loyalty requires you to be loyal to a Code that is greater than the person and to be loyal only to those who don’t even ask you to challenge the Code.”

D          “Fidelity may be so rare because it does not derive from self interest.  We are acculturated to buying what passes for allegiance for a period of time.  We rent it when necessary with no expectation that it otherwise exists or endures.”

. . .

Bumper sticker of the week:

Let me be the person my dog thinks I am

A Taxing Explanation (August 22, 2011)

Posted in Pogo Plight, Taxation on August 22, 2011 by e-commentary.org

. . .

R          “We paid no taxes and ate one meal every three days.”

L          “I like the no taxes part.”

R          “We didn’t pay taxes because we didn’t have income.”

L          “I don’t like the no income part.”

R          “Then during the Eisenhower administration – he was a Republican – taxes were as high as ninety percent.”

L          “Taxes shouldn’t be even ten percent.”

R          “We paid beaucoup taxes and ate three meals every day.”

L          “I don’t like the taxes part.”

R          “An empty stomach can fill the brain.  I learned a simple lesson in life.  If you get to pay taxes, you get to eat.”

L          “You WHAT?”

R          “When I get up in the morning, my consuming ambition is to find a way to pay taxes so that I can break my fast.”

L          “YOU WHAT?”

. . .

Bumper sticker of the week:

YOU WHAT?

Carefully Courting “Romney – O’Bama Care” Through The Courts (August 15, 2011)

Posted in Banks and Banking System, Constitution, Crime/Punishment, Health Care, Kleptocracy, Law, O'Bama, Supreme Court on August 15, 2011 by e-commentary.org

. . .

Y          “I don’t really like it either.  But it is constitutional, isn’t it?”

X          “Yup.  No big deal, really.  The Constitution does not create a likeability test.  The Constitution establishes a constitutional test.  Governments have been requiring individuals to acquire automobile and other insurance and to undertake duties for decades without whining.  No one opts out of fire protection and thus we all pay for it.  If each of us is left to obtain private fire insurance, all of us must be compelled to obtain and pay for fire insurance.  At its core, health insurance policy clearly involves interstate commerce.”

Y          “It really is about personal liberty and property.  If you don’t have health coverage, I must pay for your health coverage because other laws not challenged as unconstitutional mandate that you receive health care.  Making me pay restrains my liberty and deprives me of my property.  And you know me, a proud taxpayer.  Why all the fuss?  And why all the rampant litigation?”

X          “Someone observed that we are dealing with judges trained in American law schools who want to play legislator without running for the legislature.  More judicial arrogance.  More judicial activism.”

. . .

Bumper stickers of the week:

– 11 + 6 = 5:  The Eleventh Circuit says NO*; the Sixth Circuit says YES; the Five Supremes will enact health care policy

A 207 page decision?  Not even 207 words are required.

What are all the state attorneys general doing pursuing the legal challenge to Romney-O’Bama Care while capitulating to the Big Banks and surrendering the major legal issues?

There is no law, there is only ideology

I hope laughter is the best medicine – it is all I can afford

Is The New Standard Poor? (August 8, 2011)

Posted in Economics, Pogo Plight, Rating Agencies on August 8, 2011 by e-commentary.org

. . .

S          “We live not in the Age of Iron but in the Age of Irony.  For years, the three blind mice – Standard & Poor’s, Fitch and Moody’s – affixed their gold seal (AAA rating) to pyrite and made a fortune off the alchemy.  Then Standard & Poor’s announced this Spring that it might just downgrade America’s credit rating in the near future.  Then they fulfilled their threat this Summer and downgraded America’s credit rating because the hired help was not playing well with others.”

P          “And after downgrading American debt, Americans and others fled in a great panic to security and stability . . . to American debt.”

. . .

Bumper stickers of the week:

Larry, Moe and Curly; Manny, Moe and Jack; Standard & Poor’s, Fitch and Moody’s

The rating agencies don’t rate.

From e-con-omics to eco-nomics? (August 1, 2011)

Posted in Bankruptcy, China, Economics, Economics Nobel, Education, Energy, Environment, Pensions, Schooling on August 1, 2011 by e-commentary.org

. . .

(           “The Keynesians are using a screwdriver to hammer a nail.  The monetarists are using a hammer to drive a screw.  The wrong tool is selected because the challenge is not understood.”

)           “So we are screwed and hammered?”

(           “E-con-omists do not even recall the central tenet of economics.  Resources are scarce.  Not enough resources are available today to provide the growth needed to provide everyone with a first-world life style.”

)           “You know that observation is politically unacceptable.”

(           “The department of e-con-omics today should be merged with the department of religion.  The e-con-omists are marketing voodoo.”

)           “What about the department of psychology?  Or the department of environmental sciences.”

(           “What about creating a department of 3Es – energy, economics, and the environment?  What about adding a class in Mega-eco-nomics to the traditional classes in Microeconomics and Macroeconomics?”

. . .

(           “Economics is laden with rich irony.  The use of the word ‘gross’ in ‘gross domestic product.’  The products and services often are gross.”

)           “Look at the felicitous term ‘trickle down’ in ‘trickle down economic policies.’  The theory posits that all the money should be given to the wealthy and very little will trickle down to the populace.  Should anyone be surprised that very little trickles down to the populace.”

(           “And the Laffer Curve was worth a laugh but not much more.”

)           “We need more eco-nomists who recognize and accommodate limits to growth even though the realization is anathema in today’s political climate.”

(           “Very few are going to go quietly.”

. . .

Bumper stickers of the week:

You are stronger than the tool; the tool is smarter than you are.

Central Falls falls

The Senate confirmed Gary Locke as Ambassador to China by unanimous consent on July 27, 2011

Is College Worthless? (July 25, 2011)

Posted in Economics, Education, Pogo Plight, Schooling, Society on July 25, 2011 by e-commentary.org

. . .

_          “Kinda.  In the past, a college graduate acquired more money and flashed a brighter smile.  For most kids today, it is four years of fun and play.  A sheep skin really only signals that the bearer attended a summer sleep-away camp during the fall, winter and spring seasons for a few seasons.”

_          “Employing a generous standard, perhaps ten percent of the kids actually acquire something tantamount to a “college education” in college.”

_          “The economy has upped the bar.  Ninety percent of the college graduates are not employed in college-level jobs because they are college graduates but not college-level employees.  Viewed with some perspective, everything is in balance except our unreasonable expectations.”

_          “When you think about it, wouldn’t you party all night if you had no tomorrow?”

. . .

_          “When the federal government began making college loans freely available, the cost of college schooling exploded.  A college may aspire to liberate one’s mind, but it enslaves one’s body and spirit.  The lucky graduates leave as indentured servants, the unlucky ones as debt serfs and slaves.  The only out is to enlist in the military.  Is that the plan?  Think about it.”

_          “And by statute, a student loan obligation is not a dischargeable debt when one files bankruptcy.  But doesn’t a constitutional provision trump a conflicting statute?”

_          “That’s what they say.”

_          “What about the 13th Amendment prohibition on slavery?”

. . .

_          “The greatest constitutional challenge in academia today is dealing with the cohort of male applicants who are significantly less prepared and talented than the cohort of female applicants.  Can a university elect to maintain an equal number of boys and girls and accept a marked disparity in abilities and possibilities within a class?”

_          “The most talented and most desired female applicants may elect to matriculate at a university that maintains a balanced portfolio of males and females.  To attract the elite women, a university may be compelled to admit even more less qualified males to maintain a balance in the entering class.”

_          “Remember in the old days when there were single gender schools and an opposite single gender school situated down the road.”

. .  .

_          “Why not award every citizen a Ph.D. in any field upon reaching the age of 18.  And of course award everyone a Selective Service card.”

_          “The Adult Entitlement Act of 2012 will save billions.  In the legislation, the Department of Education can be renamed the Department of Schooling or the Department of Credentialing.”

_          “We need a little something for everyone.  Academia is more interested in credentials than ideas.  Double the number of degrees currently sported by each professor by fiat.” 

. . .

_          “Society does not have the resources to indulge the current college extravaganza.  No one should be admitted to college until the age of 20.  Everyone should work at something for two years as an intern, in the civilian conservation corps, even in the military or at some other endeavor.  At that time in their lives, kids need a more productive emancipation from home and a swifter introduction to the real world at less social cost.  By the age of 20, both males and females have much more perspective and maturity.  They can use their earnings or learning chits for education or for some other endeavor.”

_          “Kids must learn how to get out of bed on time before they can learn.”

_          “And learn to cease texting while at the morning staff meeting.  Traditional college attendance would decline.  The dorms could be used to house a mix of college students and kids pursuing their Big Transition and senior citizens and others in need of housing.”

_          “And perhaps the number of qualified males will balance the number of qualified females.”

. . .

Bumper stickers of the week:

Go College

Phil O. Sophistry, B.A., B.A., M.A., M.A., Ph.D, Ph.D., B.M.F., B.M.F.

Bringing Balance To The Balanced Budget Amendment Debate (July 18, 2011)

Posted in Balanced Budget Amendment, Congress, Debt/Deficits, Economics on July 18, 2011 by e-commentary.org

. . .

A          “Why pass an amendment demanding that you pass a balanced budget when it is far easier simply to pass a balanced budget.  If you want to pass a balanced budget, then pass a balanced budget.”

B          “There is a simpler and more concrete solution.  No balanced budget amendment bill shall be even scheduled for a subcommittee hearing until the budget is first balanced.”

C          “If it can’t be done, why pass a law decreeing that it shall be done.  It really is as easy as ABC.”

. . .

Bumper stickers of the week:

Which came first, the rattlesnake or the egg?

The Japanese women won (in soccer), but Japan is lost

(M)End The Fed (July 11, 2011)

Posted in Antitrust, Banks and Banking System, Bernanke, Crime/Punishment, Federal Reserve, Language, Law, Monopoly, O'Bama, Politics on July 11, 2011 by e-commentary.org

. . .

K          “The vocal critics of the Fed are missing the point.  Stated simply, every nation needs a central bank, but the Big Banks own and operate the Federal Reserve.  Stated another way, the country tolerates a misunderstood institution – the Federal Reserve – that is an unrestrained cancer and at the same time lacks an institution it desperately needs – a central bank independent of excessive political and any private interference.”

L          “A transparent central bank?”

K          “Call it whatever you want.”

L          “A responsive central bank?”

K          “Responsive to something other than Big Banks.  Bernanke* should have the intellect to understand the problem and the integrity to compel change, yet even he may take his marching orders from others.”

L          “He, Geithner and the others either assisted in creating the problem or allowed it to fester and permutate.  Now O’Bama is serving the interests of the financial industry at a time when his Department of Justice should be serving members of the financial industry with sub poenas and criminal indictments.  What incentive it there for him to reform the financial industry or the Fed.  Simply look at who he is soliciting for campaign contributions.”

K          “He was caught.  He simply could not get elected and cannot get reelected without the money.  No one is able to identify one industry in America that is not completely monopolized today.  Banks are among the biggest offenders.  Without a market, there is not a market and are not market forces.  Change likely will not come until there is a complete economic collapse.  That situation may generate enough sustained interest and desperation among those who can change affairs to reform the system.”

L          “Or the catastrophe may not leave any choice.” 

. . .

Bumper stickers of the week:

Antitrust Chief Flees; Monopolies Reign Freely

Because you don’t have to do the time, do the crime

Big sticker; small font sans serifs; big bumper:

UNITED STATES OF AMERICA

BEFORE THE

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

WASHINGTON, D.C.

___________________________________

Written Agreement by and between

BIG BANK,

New York, New York

And

FEDERAL RESERVE BANK OF NEW YORK,

New York, New York

___________________________________

.          WHEREAS, in recognition of their common goal to maintain the financial soundness of Big Bank (the “Big Bank”), a nationally chartered bank that is a member of the Federal Reserve System, the Big Bank and the Federal Reserve Bank of New York (the “Reserve Bank”) have mutually agreed to enter into this Written Agreement (the “Agreement”).

.          NOW, THEREFORE, the Bank and the Reserve Bank agree as follows:

  1. Within ninety (90) days of this Agreement, the board of directors of the Big Bank shall submit to the Reserve Bank a written plan to divest itself of any and all deposits and assets in excess of one hundred billion dollars ($100,000,000,000.00) . . . .

July 4 (July 4, 2011)

Posted in Society on July 4, 2011 by e-commentary.org

. . .

L          “They had endured enough and wrote the King of England a poem proclaiming ‘Enough.’” 

M         “Life, Liberty and the pursuit of Happiness.  Took mankind some time to make that declaration for humanity.”

L          “Reasonable men, they enumerated some very reasonable reasons for their decision to go it alone as a people.”

M         “Reason enough to hold a bar-b-que and shoot fireworks, but we should be mindful of the rare miracles of human progress.”

. . .

Bumper sticker of the week:

Civilization began when the first man who took umbrage at some comment or action decided to cuss at the person rather than to kill him.

Going Postal: The Postal Service (June 27, 2011)

Posted in Bureaucracy, Pogo Plight, Postal Service on June 27, 2011 by e-commentary.org

. . .

C          “Let me get this right.  Because the recipient’s address states both the street address and the post office box number, one of your colleagues sent the letter back to me the sender as undeliverable?”

B          “You can pick the street address or the post office box number, but you can’t pick both.”

C          “It was clear where the letter should be delivered.  The address is a belt and suspenders way to assure delivery.  Or try to assure delivery.”

B          “There were two addresses.”

C          “Both are accurate.  Pick an address, but deliver it in a timely manner.”

B          “We don’t pick an address.  We returned it to the return address.”

C          “Which included both my street address and the post office box number.  You picked an address and returned it.”

B          “We had to return it.”

C          “You are obligated to deliver it.  That is the law.  Those who use the Postal Service are using it as a last resort.  Sounds like there is a willful effort to find an excuse not to deliver a letter and force the sender to pay postage and try again.  The practice may allow the Postal Service to generate more Benjamin Franklins, but that is not what Benjamin Franklin envisioned.  Was this business plan created by an American-trained MBA?”

B          “Who knows.”

C          “What if the return address instead had been the address of the intended recipient and included both the street address and the post office box number?”

B          “We would pick one address and return the letter.”

C          “So it would have gotten to the intended recipient.”

B          “Rules are rules.”

C          “Thus, the one way to guarantee that the letter arrives is to put the recipient’s name in the return address in the upper left corner with both the street address and the post box number . . . address it to yourself with both the street address and the post box number . . . and then to clinch the deal one should avoid putting any postage on it?”

B          “That will work.  Every effort will be made to deliver the letter to the return address.”

C          “If it works for the Postal Service, it should work for me.  . . .  I guess.”

. . .

C          “The office moved next door.  The arrow on the office sign now points to the right rather than to the left.  The name is unique.  No one could miss it.”

B          “The forwarding order has expired.”

C          “So.”

B          “If there is no forwarding order, then the mail cannot be forwarded.  It’s an order.”

C          “Timely receipt of the mail is absolutely critical.  As it is, the letters are returned to the sender who may not make another effort to resend them.  One sender suspected that something was not right and just happened to think to call and inquire further.”

B          “Deliver another forwarding order.”

C          “There is no need to enter another forwarding order unless an order to cease forwarding is delivered.  The forwarding order on line requires payment of a dollar for no good reason.  The mail simply should be delivered.” 

B          “Rules are rules.”

C          “But what are the rules?”

. . .

C          “You charge more because the letter is too fat?”

B         “It’s too wide.  See, it does not fit in this opening.”

C          “Shouldn’t the freight be akin to cereal which is sold by weight not volume.  It is just paper that will be flattened when it is stacked with other mail.”

B          “Rules are rules.”

. . .

Bumper stickers of the week:

Going Postal

Deliver the mail

A functioning postal system is fundamental to a well-ordered society.

Postal Customer:  Dear Valued Customer:  I am writing to ask you to share your experiences with the United States Postal Service (USPS) and let us know how well we have been serving you.  Please take a few minutes to answer this survey.  . . .  If you would rather complete this survey online, please . . . .

“Needs new postage to remail.  When mailing remove label affix postage and remail.”

Postal Customer:  Dear Valued Customer:   Last week we sent you a survey about how well the U.S. Postal Service is meeting your mailing needs and expectations.  I hope you chose to accept our invitation to participate. . . .