Showing posts with label Democrats. Show all posts
Showing posts with label Democrats. Show all posts

Tuesday, March 3, 2020

A Super Tuesday Comment

This was a ballot in one of the states.
(Posted on Twitter)
Look at the list of Presidential candidates on the left.
(Left side of the photo.)
Why were there so many?
And why are they not in alphabetical order?


Doesn't it seem strange? 
The majority have dropped out.
But one could grow quite tired by the end of the list.
It takes work to locate the one you want.
If you wanted one.
Great PR for Marianne Williamson's next book deal
and a little name recognition for all.

Just sayin'

*This is not a photo I took. It was posted on Twitter. I believe we had our ballots in alphabetical order by last name here in MN. (Pretty sure it was. Can someone correct me if I am wrong?)

Wednesday, September 17, 2008

Naked Economics

Why did the entrepreneur cross the road? Because he believed he could make money on the other side.

The book Naked Economics, by Charles Wheelan, is a worthwhile read that I highly recommend to anyone. Wheelan puts in layman's terms many of the complex ideas and issues that have littered the minds of intellectuals and economists for decades. Of the book, 1992 Nobel Prize winner (for economics) Gary Becker wrote, "I recommend this book to anyone who wants to gain an understanding of basic economics with little pain and much pleasure."

One reason for reading books like this one, and getting familiar with how economics works, is because in our postmodern era it would appear that Capitalism has won the war against Marxist Socialism and it is important to understand the reasons Capitalism (with a capital C) became the force that it has in today's global society.

Another reason for reading books on economics is that with hailstorm of financial upheavals bringing major banks and investment houses to their knees, it can be helpful having at least a rudimentary understanding of why all this turbulence is putting so many retirement portfolios at risk today.

The reality is, capitalism is not a perfect system. Wheelan, in fact, argues that a market driven economy is to economics as democracy is to government: "a decent, if flawed, choice among many bad alternatives.”

Early on he states, “Economics starts off with one very important assumption: Individuals act to make themselves as well off as possible.” Is this not why many people from all over the world have striven to make there way to America? I've heard stories of people who came to the U.S. and we startled to find that the streets were not paved with gold.

In an early part of the book Wheelan notes that markets are not always fair, and that we especially see this in pay scales. “Small differences in talent tend to become magnified into huge differentials in pay... One need only to be slightly better than the competition in order to gain a large (and profitable) share of that market.” Horses that win by a nose, superstar baseball players... the difference in financial outcomes between best and runner up can be significant. If I have a job opening, and one person gets it, that person ends up with a living wage while the contender remains unemployed. Markets are amoral and not concerned with the apparent unfairness of this situation. In addition, they reward scarcity, which has no relationship to value.

Even if we do understand how free markets work, and why government controlled economies are problematic, I doubt we'll ever fully understand what's going on with the trillion dollar fiascoes like Freddie Mac and Fannie Mae. I've heard it said that when you have autopsies without blame, only then can you know why the patient died. In point of fact, power is a more important than truth, and you can be sure Republicans and Democrats alike will do all they can to make sure that blame gets placed at the other's doorstep.

In this instance, the Bush administration is being tarred for not having provided more oversight to these major mortgage institutions. But in point of fact, in 2003 when the Bush admin pressed for greater oversight, it was the Democrats who objected. (Read the N.Y.Times story here.)

I sat on a plane last spring next to a fellow who works for one the nation's largest housing lenders. He said that five years ago the government put pressure on them to loosen lending standards in order to get more people into houses. Easy loans are not always an easy burden to bear. The mess we're in was created by people inside the beltway trying to manipulate the rules in a manner that violated the way markets work. To paraphrase a popular saying, the road to economic hell is paved with good intentions.

Friday, August 29, 2008

Barack Obama Accepts

While normally not a television watcher, I did have the tube on for a good portion of the evening last night, tuned in to the events in Denver where the Democratic faithful have gathered all week. When possible, developing direct impressions drawn from observation will generally be more useful than weeding through other peoples’ interpretations filtered through their own biases. To the best of my ability, I make an effort here to present an unbiased account what I saw and heard last night.

The evening unfolded with many important speakers lauding the hero of the campaign, culminating in the acceptance speech of our first black presidential candidate nominated by a major party. What follows are a few of the notes I took while listening to and watching the final portion of this made for television spectacle. At the end, infinite confetti and fireworks, and a handful of talking heads expressing how they saw it.

Once you cut through those over-the-top light shows and larger-than-life projection screens, you could see that the evening was well orchestrated. By the time Obama took the platform, they had hit all the right notes. And then, for forty-three minutes he shared his vision for the future of these United States.

“It is a promise we make to our children that each of us can make what we want of our lives…” This was the opening line of the video introducing Barack Obama.

The narrator continued. “His childhood was like any other, but it was his search for self that defined him.”

“What he learned is that by discovering his own story he would learn what was remarkable about his country.”

“His grandfather fought in Patton’s army, his grandmother worked on an assembly line…”

From here, we learned about the values his mother taught him, how his relationship with his wife Michelle developed, about his schooling, and how after graduation he came to develop his passion for the downtrodden, needy and forgotten who have taken a hit due to insensitive political and business decisions. “That’s not right, someone ought to work to fix it.”

Other callouts from the intro video:

“In Washington, he would remember who he was fighting for…”

“It is a promise we make to our children that each of us can make what we want of our lives. It is a promise that his mother made to him, and that he would intend to keep.”

“Imagine what it would be like to be in someone else’s shoes. One person’s struggle is everyone’s struggle…. That’s the country I believe in. That’s what’s worth fighting for.”

In an event that is bigger than life, Obama begins the last leg of his journey to the White House, “Change” as his theme.

Barack Obama’s opening sentence to the nation, after much fanfare from the faithful who had gathered for this historic moment: “With profound gratitude and great humility, I accept your nomination for presidency of the United States.”

Followed by a tip of the hat to Hillary, to former President Clinton, to Ted Kennedy “and to the next Vice President of the United States, Joe Biden,” and to the lovely love of his life, wife Michelle, he declared, “This moment, this election, is our chance to keep the American Promise alive.”

The position Obama seeks to establish is that John McCain is a Republican no different from Bush, and that change is a must, therefore Obama is the only real choice in November. According to Obama, McCain at the Republic Convention in September will strive to give the impression that he is not like George Bush.

Obama’s appeal is to those who are needy, and those who have been hurt by the policies of Big Money and special interests.

Reiterating another message from the intro video, Obama underscored the Promise. “I am my brother’s keeper.”

His goals were specific. “I will cut taxes for 95% of all working families.”

“And within ten years we will finally end our dependence on oil from the Middle East,” he said. “Now is the time to end our oil addiction.” With this, and many other platform initiatives, Obama repeated his edict, “Now is the time…”

Citing Kennedy, he likewise appealed to our personal responsibility if we are to see change. Government can’t do it all. Parents must turn off the television and help their children with their homework. Fathers must help in the home. Mutual responsibility is his appeal.

“This election has never been about me,” Obama said. “It’s about you.”

“The change doesn’t come from Washington. Change comes to Washington.”

“America, we cannot turn back…. And in the words of Scripture, let us hold firmly to the hope that we profess.”

His specific promises are many, and presented clearly. Can he accomplish all this? It will be interesting to see how the Republicans position their man.

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