On Revolution (March 15, 2010)

Posted in Economics, Society on March 15, 2010 by e-commentary.org

. . .

“Our economy and society have moved from ‘creative destruction’ to ‘destructive destruction.’  We need more ‘creative destruction.’  Is it time to fire up the guillotines.  What do you have when you have a room full of headless aristocrats?”

“A good start.”

“The populace is restive and restless.  When there is unrest, the revolution will be televised.  Everyone can decide, probably on the basis of emotion not reason, whether he or she is better off under some unknown regime rather than what the Republicans and Democrats have spawned.”

“It’s not like there are any great leaders in the offing.”

“The Constitution and Amendments are a sound blueprint, but there are no blue bloods like Thomas Jefferson and no printers like Benjamin Franklin to implement the experiment.”

“They don’t make them like they used to.”

“They just do not seem to be out there.  There is a notion that the revolution is a revolving back, a returning, a yearning to go back to where we were.  My sense of where we were may be another delusion.  Things like personal responsibility, fiscal integrity, personal integrity, selflessness, discipline and self-discipline, the rule of law and all that.  Did it ever exist?”

“Polio and discrimination?”

. . .

Bumper stickers of the week:

Let them eat processed swill

“Revolution”  J. Lennon/P. McCartney

“Every generation needs a new revolution.”  Thomas Jefferson

“Beer is proof that God loves us and wants us to be happy.”  Attributed, probably incorrectly, to Benjamin Franklin

Commodities Futures / Future Commodities (March 8, 2010)

Posted in Congress, Economics, Society, Water on March 8, 2010 by e-commentary.org

“. . .  In developments at the bourse, the ongoing drought in Europe is blamed for the price of water rising $2.13 to close at $84.29 a barrel for glacial blocks for delivery in May.  . . .  At the close of trading today, the average price of a share of a United States Senator rose seven percent, matching analysts’ expectations.  . . .  On rumors that the United States may impose export restrictions on kidneys harvested from minors without their consent, a kidney climbed $7000 (delivery FOB).  . . .  And the price of oil again was crude.  . . .”

Bumper sticker of the week:

Futures Sticker Shock

Only If They Bleed Red (March 1, 2010)

Posted in Gay Politics, Military on March 1, 2010 by e-commentary.org

. . .

“White and blue.  Those in the military who do not have problems with their own sexuality do not care about gays in the military.  So many of those now in the military overcame hurdles and discrimination themselves.  One approach is to admit that a small cohort of individuals have sexual anxieties that render them psychologically unfit to be in the same fox hole with other Americans.  Those are the misfits who jeopardize readiness.  The military may be excluding the wrong group.”

“We need the A Team.  America is being threatened like it has never been threatened before.  I’m more concerned that the US cannot disregard valuable personnel.  If we need a gay interpreter to win, get the gay interpreter and win.  But win.  Just win.”

“Blood testing is part of the induction process.  Those who enlist in the military or, in later years, are drafted should be tested and inducted only if they bleed red.”

. . .

(O’Bama, the only adult in the room, presided last week as babysitter-in-chief over a group of spoiled children who do not ‘play well with others’ and should be allowed to retire.)

Bumper sticker of the week:

Only if they bleed red.

Who Cares About Health Care? (Feb. 22, 2010)

Posted in Debt/Deficits, Global Climate Change, Health Care, Housing on February 22, 2010 by e-commentary.org

. . .

Z          “No one.  Think about it.  Everyone gets free health care today.  They just follow Bush’s suggestion and wander into the emergency room.  An emergency room is not designed to handle the consequences of deferred preventive medicine and other ordinary medical needs, yet the e.r. is the dumping grounds for the populace.  When the patients cannot pay, they file bankruptcy.  Then we pay.  We have inefficient and inequitable socialized and nationalized health care right now in America.  The coverage is codified in Title 11, the Bankruptcy Code, rather than Title 42, covering Public Health and Social Welfare, in the United States Code.”

Y          “So the real economic cost to the nation as a whole is not much more and not much less than the health care proposals.”

Z          “Not when you net all the costs.  Efficient health care is critical to the health of the nation, yet the public really does not care.  Right now, everyone wants a job to go to during the day and a house to come home to at night.  What is happening outside the house to the climate and the environment is not an immediate concern.  Health care, the national Debt and other issues are secondary.”

Y          “The people are still afraid and concerned, yet they are overwhelmed by the lies and the deception.”

. . .

Bumper sticker of the week:

Streamline national health insurance

Corporations United (Feb. 15, 2010)

Posted in Conflicts of Interest, First Amendment, Perjury/Dishonesty, Politics, Supreme Court on February 15, 2010 by e-commentary.org

“In Citizens United, five of our good friends at the Supreme Court decreed that a corporation is a legal person entitled to the First Amendment safeguards amended to the Constitution.  A legal ‘person’ is defined differently in different situations.  The typical ‘person’ is a living, breathing and sentient citizen not a corporation.”

“As I recall, a nautical vessel is also a legal ‘person,’ yet it cannot bring or maintain a lawsuit for instance.”

“Exactly.  A corporation is also a legal person, yet not one that is entitled to the full panoply of constitutional safeguards.  The decision in effect subordinates the First Amendment rights of living, breathing and sentient citizens to the financial interests of corporations.  The case reveals all the sins and crimes of the Court.  Alito recused himself in an earlier case involving a claim for punitive damages in the Exxon Valdez case because of his ownership of substantial Exxon stock.  All of the justices also have substantial stock in the very corporations they now have vested with extraordinary power.”

“There is no way to avoid the conclusion that they sought to influence the political debate and protect their corporate benefactors.  And those who decry ‘judicial activism’ are not decrying this blatantly activist and tendentious decision.”

“Roberts testified before the Senate that he would be an umpire.  He is changing the scores before reporting them and making decisions to benefit his bank account.  He rejected the very precedents he promised to uphold.  As I recall, his testimony was under oath.  You can check on that.”

“I think it is perjury to lie under oath to the Senate.  Or it was in the past.”

“The House could bring articles of impeachment for misconduct.  At a minimum, the Senate could require him to testify and explain his earlier testimony.  The proper separation of powers is jeopardized when an individual is allowed to lie to the Senate about what he will do after he is confirmed by the Senate.”

“There was a Senator Exon decades ago and there will be a dozen Senator Exxons in coming days.”

“Law in America today is a groundless and amoral ideological game.”

(Citizens United v. Federal Election Commission, 558 U.S. ___ (2010).)

[See the “e-ssay” dated October 20, 2008 titled “Contemporary American Political Parties 101“ noting that the Republicans “10.  Win” and the Democrats “10.  Lose.”  See also the “e-ssay” dated February 20, 2006 titled “Perjury, The American Way.”]

(“Dissent is the highest form of patriotism.”  Howard Zinn 1922 – 2010)

Bumper stickers of the week:

The best democracy money can buy.

We the corporations . . .

Operation Mail Call (Feb. 8, 2010)

Posted in Military, Society on February 8, 2010 by e-commentary.org

“I hated mail call.  I went every day.  There was no end in sight.  Death was the least painful alternative.  I thought I had a big, loving family.  We charged beaches until we got killed.  Then anyone who did not get killed charged another beach until we got killed.  I went every day.  In three years, I got three letters.  Three letters.  Three years.  One letter a year.  Every year, one letter.  I hated mail call.  I stood at the back.  I hate even going to the mail box today.”

Schools should obtain the names of soldiers, sailors and airmen from the DoD (Department of Defense) and establish pen pals.  The troops probably stay in contact with family and friends via e-mails, “tweets” and Facebook.  Nonetheless, the young kids on the home front should practice their penmanship and work on their syntax writing old-fashioned letters to the older kids on the front lines.  They should receive posts and posts.  A letter a month.  Operation Mail Call.

(July 24, 1930 – February 5, 2010)

Bumper sticker of the week:

A letter a month.

Boycott Big Banks (February 1, 2010)

Posted in Bailout/Bribe, Banks and Banking System, Boycott Series on February 1, 2010 by e-commentary.org

. . .

P          “That’s the answer.  Boycott Big Banks.  The government bribes and bails them out while the people boycott them.  Shift support, transfer dollars and take business to credit unions.”

Q          “Makes sense and may make dollars and cents.  Dollars are votes.  Vote your dollars.”

P          “There are times when you may want to retain shares if you can vote the shares and shape the institution.  However, the only way to vote your shares – your dollars – is to transfer them to another institution.  I have banked at credit unions for as long as I can remember.”

Q          “I transferred my bank account to a credit union last year.  At the time, I was driven away by the bank rather than being attracted to a credit union.  The third time that the Big Bank changed its name from Big Bank to Big Bank, I transferred my accounts.”

P          “You still need to compare services and costs.  The NCUA (National Credit Union Association) rarely has to cover credit union failures whereas the FDIC (Federal Deposit Insurance Association) is regularly taking over failing banks and may be bankrupt itself.  When the stuff hits the fan, there may be a period of time when the FDIC may not be able to cover losses and claims despite claims about full faith and credit.”

. . .

[See the “e-ssay” dated November 2, 2009 titled “Sagacious Financial Advice From A Financial Sage” on banking and the financial world.]

Bumper stickers (and buttons) of the week:

Boycott Big Banks.

Boycott Big Banks.  Support credit unions.

I bank with a credit union.

Credit unions you can bank on.

I boycotted.  Have you?

I transferred (to a credit union).  Have you?

My money is in a credit union.

I [heart symbol] credit unions.

Bill/Melinda and Warren, It Is Time To Get Into The Game (January 25, 2010)

Posted in Elections, Political Parties, Politics, Society, Supreme Court on January 25, 2010 by e-commentary.org

Now is the time for all good men and women to come to the aid of their country.  Bill/Melinda and Warren are still playing at the margins.  Now is the time to get off the sidelines and get into the game.  Funding vaccines is commendable in particular because preventive medicine is the exception in our society.  However, the body politic is sick.

The Supreme Court recently decided that democracy is a commodity to be sold in the market place to the highest bidder.  The United States of Exxon (USE).  You need to join the bidding.  The next presidential election will cost over a billion dollars.  Now is the time to invest $50 – $100 million dollars into each of six senatorial campaigns this year and elect half a dozen senators who commit to occasional independent thinking.  Political activities are not as tidy or as pretty as traditional charitable giving.  However, at this time, your country needs aid.

Bumper sticker of the week:

The best democracy money can buy.

Is The Gold Standard Really The Gold Standard? (January 18, 2010)

Posted in "Fiat ______", Economics, Gold Standard on January 18, 2010 by e-commentary.org

. . .

G          “We need to go back to the gold standard.”

M          “Why?”

G          “To stop the government from printing fiat money.”

M          “Why gold?  Why not some other metal or something else that also has some more practical use?”

G          “The government can’t print gold.”

M          “You can’t eat gold.  It does not keep you warm. Gold has been alluring through the ages and does have some practical uses, yet it is only as valuable as it is because we ascribe value to it.  Fiat gold is not much different than fiat money or fiat currency.”

G          “We can’t trust the government.  If the government cannot issue fiat money unless it has an equal amount of gold reserves, we would not have economic problems.”

M          “The gold supply is not connected in any way with or to the desirable money supply or level of economic activity.  What if the government tried to tie the amount of fiat money to the total quantity of goods produced and to be produced and services performed and to be performed?  The ‘goods and services standard.’”

G          “You can’t trust the government.  The government will simply print as much fiat paper as it wants.”

M          “There is not enough gold in existence today in the possession of the U.S. government to begin to back even a reasonable supply of money.  What is to stop the government you can’t trust from asserting that it has enough gold reserves to support whatever paper it puts into circulation?”

G          “That’s it.  You can’t trust the government, so you need the gold standard.”

M          “Advocating for a gold standard represents a yearning for governmental responsibility.  That is understandable.  I agree.  However, the gold standard is not the gold standard.  It is the fools gold standard.  We need a ‘goods and services standard.’  The fiat money supply must be tied to the goods and services in the economy with the goal of promoting price stability.”

. . .

Bumper stickers of the week:

The Gold Standard is not the Gold Standard.

The Au Standard is the FeS2 Standard.

Adopt the “Goods and Services Standard.”

On Merit and the Meritocracy (January 11, 2010)

Posted in Education, Perjury/Dishonesty, Schooling, Society on January 11, 2010 by e-commentary.org

. . .

D          “She was the premier applicant.  Primus inter pares.  But she did not say what they wanted her to say.”

U          “She could tutor the teachers.”

D          “I know.  Her talent is a threat.  That is another challenge but not the biggest one.  She informed us what she intended to say in the interview.  She was forthright, honest and candid.  That was the problem.  She was probably too blunt.  The other kids were tutored and grilled by their parents to say precisely what they wanted the kids to say.”

U          “Life sometimes seems to be a script of lies.”

D          “I know she is beyond devastated.  And I feel worse.  We deliberated giving her a lecture on life and encouraging her to play along.  We could have told her that she is acting out a character in one of the plays she sits down and writes without any prompting.  Mouth the lines and the lies and act your role.  Say what needs to be said.  Do what needs to be done.  It is just a game.  Play the game.  There is no truth.  I will always feel that I failed her as a parent.”

. . .

______________

. . .

A          “They rejected him.  Not even on the wait list.  He was precisely what they claimed they seek in the brochure, yet they took only kids who are well-connected and one underprivileged youngster.  He told them that the program was sound but could be improved and noted some virtues of other programs.  He told them that success and power are not the most important things in life even though he could accept wearing the blazer emblazoned with ”Success and Power” on the crest.  He was probably too blunt and honest about everything, but that is who he is.  That was his undoing.”

F          “He is a delight to talk to, sort of an adolescent Oxford don donning a tee shirt.  What struck me is his insouciant recognition and acceptance of his genius as something of a faithful friend.  Mathematics is effortless for him and its cousin, music, is effortless.”

A          “My concern is that he will quit practicing.  He intuits without effort what others have to be told three times.  He may not work at anything.”

F          “Words are musical notes for him; he can make the language sing.  He is left brained and right brained and front brained and back brained in one big brain.  He combines five rare traits I rarely find in pairs:  courage, intellect, integrity, humanity, and curiosity.  I know what they want.  My recommendation would not have meant squat.  I could have finessed a letter for him, but I don’t have any stroke.”

A          “He knows what he’s got and now he gets it.  Now he has rejected any involvement because he says that ‘participation is ratification’ of a corrupt system or something like that.  He’ll stencil it on a tee shirt.  He is threatening to get a tattoo.”

F          “The school seeks to maximize long-run profits.  Each admission decision is a business decision.  Character is set by this age.  He is likely to challenge the system not coddle it.  That is not good for business or for the business of a profit-maximizing school.”

A          “The grand irony is that the program needs someone, if only one person, who can think independently and challenge orthodoxy.  Everyone else is moving in lock step.”

F          “When do the experts suggest informing a kid that the rewards in America go to those who lie and deceive.”

. . .

[See the “e-ssay” dated Feb. 20, 2006 titled “Perjury, The American Way” and other “e-ssays.”]

Bumper stickers of the week:

“When the truth is found to be lies    And all the joy within you dies.”

“Don’t You Want Somebody To Love” Darby Slick/Jefferson Airplane (1966)


“I would vote for you, but you know sometime you are going to be in a situation where you will say something that you think you have to say that will set someone off and then you will lose your job or something.  Larry is going to be a doctor.  He will succeed.”