Thursday, May 7, 2009

Post No. 114: Re-Visiting the Way We See the World


© 2009, the Institute for Applied Common Sense

We’ve operated this blog for over a year now. It’s been quite the experience. We’ve learned a lot from you.

Earlier today, in responding to a post on the blog operated by one of our regular readers, we were reminded of the importance of revisiting our views on various subjects.

His particular post had to do with our inherent biases and prejudices. He suggested that recognition and acknowledgment of them are important. We agree.

However, we commented that part of personal responsibility involves constantly questioning and challenging one’s beliefs on a regular basis. Otherwise, we become fixed in our beliefs, and too comfortable with them.

In our view, rigidity in positions on issues interferes with the collaborative spirit needed to address serious, long-term problems in society.

We often go back and review our prior posts and the responsive comments of our readers. Unfortunately, while we have access to a comprehensive list of the subjects discussed, our readers do not. Additionally, while the topic cloud widget is a nifty little gimmick, it really does not assist a new reader in locating older posts.

We decided to provide you with a few of our most recent posts so that you might have an opportunity to revisit them. It will be interesting to see if anyone’s views have changed in the interim.

African-Americans and the Democratic Party

Why Do the Democrats Seemingly Have a Lock on African-American Votes


Anger and Civil Discourse

Is There a Positive Side to Anger?

Dobermans. Surrounded by Dobermans.


Bias and Bi-Partisanship

It All Depends on the Price of Your Ticket on the Train


Criminal Justice

Following Economic Meltdown, New Calculation of Value of Human Life

When the Surfboard Hits the Wall


Economy and Economic Theory

Making Use of the Current Financial Mess

If Tin Whistles are Made of Tin, What are Credit Default Swap Derivatives Made Of?

Too Few Indians; Not Enough Chiefs

Been There; Done That


Environmental Issues

What is "Cap and Trade" and Why are So Many Saying All of those Things about It?


Humor - On the Light Side

Now That We Have a Japanese-German-African-Eskimo-American President

A Little Comic Relief before the Storm


Libertarian Party (U.S.)

Why Aren't More Americans Members of the Libertarian Party?


Local News Crime Coverage

Local News Coverage of Crime


Lying / Pursuit of the Truth

27 Situations Where People We Respect Claim that "Lying" is Appropriate


Madoff and Wall Street

Every Issue Has Two, Three, Possibly 27 Sides


Monopolies and Anti-Trust

Should Government Intervene Where Private Sector Monopolies or Near-Monopolies Exist?


Notre Dame Commencement and President Obama

Should the Pope Be Permitted to Speak at a Public School Commencement?


Personal Responsibility

Rarely Does a Man Love His True Self (or, How to Discourage Comments to a Blog Post)


Republican Party

Re-Posting of Article: What Makes People Vote Republican


Religion and Separation of Church and State

Jesus Christ and the Republicans

Jesus Christ and the Democrats

Program of Interest on C-Span2 Book TV Right Now


Socialism and Government Intervention

Should the Response to Natural Disasters be Left to the Private Sector?

Should Government Get Out of the Business of Education?


Torture

Who Cares If It's Torture?


U.S. Border Issues

At What Price Freedom to Bear Arms?

Wednesday, May 6, 2009

Post No. 113: When the Surfboard Hits the Wall


© 2009, the Institute for Applied Common Sense

The Logistician had many quirks. He loved to channel surf. But he engaged in a different form of channel surfing. He tried to watch as many TV shows as possible.

Simultaneously.

Fascinated by everything, he’d watch a movie on TCM, The Golden Girls, C-Span, American Dad, the History Channel, Cathy Griffin, and then switch back and forth during lulls.

But occasionally he would, as he used to say, “Hit the wall.” This referred to coming across something which forced him to instantaneously focus on one program. At its end, he tried to determine what distinguished it from others.

He came up with the phrase from his surfboarding days. Well, perhaps it wasn’t really surfboarding, but rather boogey boarding. (A boogey board is a small piece of roughly rectangular hard foam, hydrodynamicallly shaped.)

One of his buddies was a professor. His students gave him a boogey board as a gift.

While hanging out with his buddy’s family, the Logistician fell in love with the sport. His buddy’s kids later gave him one as a present. Whenever he went to the beach, he packed his board.

In fact, he stopped taking women on vacations, opting to sleep with the board, since it gave him what he long sought – a hard mattress, the ability to consume a constant stream of information (uninterrupted), and a peaceful night’s sleep.

He took Boogey with him to a Club Med in Mexico once. There were two beaches. One was for patrons of the resort. The other was a far more dangerous beach. He was warned that only very experienced swimmers should attempt to ride the waves on the GO beach.

Insufficiently challenged by the smaller waves on the GM beach, he headed to the other, just he and Boogey. The waves were 3-4 times larger than on the GM beach. Yet, he thought them manageable.

After waxing his board, out he swam. He got a sense of the wave rhythm, and caught the “perfect wave.” He instantly realized that he was not as experienced as he thought, and found himself on the top of the wave, instead of inside the “tube.” He described the feeling as like God reaching down, grabbing him during an earthquake, and shaking him in the water.

All of a sudden, the wave crashed, and so did he. Disoriented, and his lungs full of sea water, he was tossed to the bottom of the surf… on his head.

As he lay there motionless, and the tide rolled out, he realized that he had “hit the wall.” The wave had his attention.

We watched a C-Span presentation recently, and “hit the wall,” Logistician style.

When we first came across it, there was a woman describing her experience with the legal system following a rape. Something was different about her tone. For a minute, we thought that she was the attorney for the victim, and a victims’ rights advocate.

However, we quickly abandoned that notion, and her intensity soon revealed that she was the victim. She described her frustration with the lengthy delays associated with sending the perpetrator to death row. The camera occasionally panned the silent audience.

She told the story of a detective, requesting DNA samples, and her subsequent discovery that she had identified the wrong black man.

The white woman went on to describe her feelings and the fact that this man had lost 10 years of his life in prison. Some suggested that he was probably a “bad person” anyway, and that she had done nothing for which she should apologize or feel guilty.

Despite this, she wanted to meet the man face-to-face, and he agreed.

While the angle of the camera slowly expanded, we next saw a young black man sitting on the dais, who appeared to us to not have one aggressive bone in his body. We said to ourselves, "This couldn't have been the rapist."

We soon realized that we had met the co-authors of the book, Picking Cotton: Our Memoir of Injustice and Redemption.

After the rape victim described her immediate feeling that this could not have been the man as she observed him walking up her steps, she described him saying that he had no malice toward her, and had already forgiven her.

Cotton, the young black man and co-author, then stood up to tell his story in a very soft-spoken, deliberate manner, mentioning that the actual perpetrator was in prison with him. He also noted that he asked God what he had done to deserve this treatment.

This is story telling at its very best. It will also impress upon you the Common Sense importance of not rushing to judgment and getting all the facts. Check it out, if you interested in “hitting the wall.”

Sunday, May 3, 2009

Post No. 112b: Program of Interest on C-Span2 Book TV Right Now


"How God Changes Your Brain: Breakthrough Findings from a Leading Neuroscientist"

As we type this, two authors are discussing how their studies of brain scans of memory patients, and surveys of people with various religious and spiritual experiences, has led them to believe that certain practices can ultimately change portions of the human brain and thus human behavior.

To view the summary of the program, simply click here.

Saturday, May 2, 2009

Post No. 112a: Now That We Have a Japanese-German-African-Eskimo-American President


Now that we have your attention:

There are 3 good arguments that Jesus was black:
1. He called everyone brother
2. He liked Gospel
3. He didn't get a fair trial

But then there are 3 equally good arguments that Jesus was Jewish:
1. He went into His Father's business
2. He lived at home until he was 33
3. He was sure his Mother was a virgin and his Mother was sure He was God


But then there are 3 equally good arguments that Jesus was Italian:
1. He talked with His hands
2. He had wine with His meals
3. He used olive oil

But then there are 3 equally good arguments that Jesus was a Californian:
1. He never cut His hair
2. He walked around barefoot all the time
3. He started a new religion

But then there are 3 equally good arguments that Jesus was an American Indian:
1. He was at peace with nature
2. He ate a lot of fish
3. He talked about the Great Spirit

But then there are 3 equally good arguments that Jesus was Irish:
1. He never got married
2. He was always telling stories
3. He loved green pastures

But the most compelling evidence of all - 3 items of evidence that Jesus was a woman:
1. He fed a crowd at a moment's notice when there was virtually no food
2. He kept trying to get a message across to a bunch of men who just didn't get it
3. And even when He was dead, He had to get up because there was still work to do

Wednesday, April 29, 2009

Post No. 112: No Good Deed Goes Unpunished


Last month, a postal worker here in town found a poorly hand-written envelope addressed to God, with excessive postage.

He opened it and discovered it was from an elderly lady, distressed because a thief had robbed her of $100. She anticipated being cold and hungry for the month of April, if she did not receive some divine intervention.

The worker organized a collection amongst the other postal workers, who dug deep, and came up with $96. They delivered it to the lady by special courier the same morning.

A week later, the postal worker recognized the same hand-writing on another envelope. He opened it and found the following:

"Dear God: Thank you for the $100. This month would have been so bleak without it.

“P.S. Just to let you know, it was $4 short, which I strongly suspect was taken by those slacker government employees over at the Post Office."

Most of you probably did not realize that the Logistician was a Postal Service employee when not working with us here at the Institute. He collected the money for the woman, only to have the beneficiary of his good will attribute her good fortune to a deity, instead of a government agency.

Earlier this month, he suffered from depression and was not in the best of spirits. He constantly whined about all the government had done for people for so long, delivering their mail through rain, sleet, and snow.

He felt, quite simply, unappreciated.

It was his idea to start this blog. He quickly realized that he would not be able to get his message out alone, and joined forces with the Laughingman of the Institute for Applied Common Sense. Shortly thereafter, all content generated was done so under the auspices of the Institute. (In fact, we will soon change the name of the blog to “Applied Common Sense.”)

During his year here at the Institute, he was branded a liberal, a moderate, a conservative, a Democrat, a Republican, a Libertarian, a good Christian, an atheist, an anarchist, a progressive, a moron, an imbecile, too serious, too flippant, and on many occasions, just plain stupid. None of the labels actually apply, with the possible exception of “stupid.”

Each time that he received what he considered to be “constructive criticism,’ he tried to alter his approach and dance to the music of the crowd. Each time it met with more criticism.

He was warned that the stressors connected with his Postal Service job, coupled with being the brunt of much criticism here at the Institute, might affect him psychologically.

After some frustration, especially trying to serve as referee between all of the warring factions, he decided to adopt another persona, and become a clown. He considered becoming Clarabelle or perhaps Benny Hill.

And then something else occurred to him.

You see, the Logistician has never been married. In fact, some of his friends say that scientists are still trying to determine the type of woman in whom he is interested. He has also been accused of being interested in “all women.”

His response each time was that if he wanted to dance and ride a roller-coaster on regular basis, and wonder how the people with whom he was interacting on a daily basis would respond to him, he need simply join the carnival, and get paid for it.

Additionally, he always found it odd that those ideologically oriented to yell at the top of their lungs about “individual freedom,” and the need to ensure against government infringement, are the ones most inclined to support the institution of marriage, where a substantial number of freedoms are eliminated.

However, being the Logistician, he tried to make this past year a positive, learning experience,which brings us to this point of notifying you that there are going to be a couple of changes here at the Institute.

First of all, the Logistician is no longer with us.

He has begun a 3 year sabbatical in Brazil, focusing on the marital institution. More specifically, his research will delve into whether arranged, traditional marriages, orchestrated by family or tribal members, is preferable to those serendipitous relationships marked by that nebulous concept called “lust.”

He will conclude his research and travels with a marital ceremony in the Amazonian port city of Manaus, once he has selected a female research partner, who is interested in working with us here at the Institute.

Until further notice, we, Punch and Judy, will be taking the Logistician’s place. His shoes will be difficult to fill. However, we have extensive experience in stirring things up and “manhandling” difficult subjects.

We look forward to receiving your comments responsive to our thoughts. Just don’t try to “jerk our strings.”

Monday, April 27, 2009

Post No. 111: Been There; Done That


© 2009, the Institute for Applied Common Sense

We frequently suggest that in tackling problems, we examine history, starting with a minimum of 5,000 years, and as far back as 13,000.

However, we’ve come to the conclusion that history alone may not always be able to help us out of jams.

Alan Greenspan recently lamented that those principles he relied on for 40 years no longer apply.

An historian once noted that we should always proceed with caution when we think that the policies of the past can be reapplied, and will generate similar results.

We might do well to consult physics, and better understand the laws of static and dynamic forces. (These are older than humankind and history.)

In order to assess or address anything within a dynamic system, one must freeze or suspend all movement or change, of as many variables as possible, or otherwise isolate the component at issue.

We also know that slight tweaks (no, not tweets) of a variable can result in dramatically different results.

Logic dictates that the larger and more complex the system, the more difficult it is to manage or affect any part of it.

As comforting as it may be psychologically, to resort to playing marbles and pick-up-sticks, it is of questionable value to return to many practices of the past.

Imagine trying to reconstruct that romance which you had with that guy or gal back in school (altered state of consciousness or not), and hope that those old moves lead to the same results.

As a nation, we can never re-create the circumstances extant when prior practices and policies were implemented and applied.

The world may have changed every year back then, but it now changes every nanosecond. We need to recognize this, and conduct ourselves accordingly.

It’s actually lazy and simplistic to merely repeat the practices of the past, even if they were successful. It requires far more energy, commitment, focus, and innovation to craft appropriate approaches to new conditions, everyday.

Sitting on the sidelines and simply watching changes occur without responding also may not be the best tactic.

To suggest that our enemies or competitors have been sitting still, or that the conditions in our country have been in suspension, is just plain science fiction.

For years, Corporate America used large, 100 year old silk-stocking firms to perform its outside legal work. The Logistician and his partners sought that same work, somewhat successfully, by offering a lower rate. They were smaller, more nimble, had lower overheard, and more importantly, hungrier.

Yet, many corporations were reluctant to make such a change. If things went awry, someone would undoubtedly question why the referring counsel did something out of the ordinary, and did not stick with the tried and tested firms.

Hollywood’s like that. It’s far easier to explain why “Men in Black 12” did not generate record box office numbers, than a new concept.

But consider this.

If you‘re surprised about a development over a span of 30 years, like the demise of our educational and industrial systems here in the U.S., you probably were asleep at the switch, and not paying close attention to changes on an annual, much less a monthly, basis.

We all have a tendency to go through repetitive motions. They’re safe, familiar, less subject to scrutiny, and require less effort.

UPS had a marketing campaign which referred to “moving at the speed of business.” Hong Kong is a 24 hour business city. Imagine what happens to others when their business communities are asleep.

It’s the nature of competition, and the nature of change.

There’s been much noise about returning to the policies of Clinton, or Reagan, or Kennedy, or FDR. Quite frankly, returning to those dated tactics, no matter which side of the ideological line they may fall, may not be particularly helpful.

Those circumstances no longer exist, and will never exist again. And that doesn’t take into consideration the efforts to revise history.

We can’t duplicate the economic variables. We certainly can not re-create the psychological and social variables.

Going forward, we need to craft new procedures, new principles, new tactics. Ones that fit our current conditions, which have never existed before.

So to all of our politicians and policy makers out there, please detach yourselves from your ideological goals and preferences, and repeating that mantra about what you think worked in the past.

Try to figure out what’s most likely to work, TODAY, going forward, based on current conditions, and those we anticipate.

The world is far flatter than we once thought.

Sunday, April 26, 2009

Post No. 110: Who Cares If It's Torture?


© 2009, the Institute for Applied Common Sense

On most news issues, we don’t have an opinion.

At least, not immediately. We like to think stuff through.

In the case of this “torture” or “enhanced interrogation” debate, we definitely do not have an opinion.

Yet.

We don’t have enough concrete, credible evidence to competently form an opinion.

More importantly, we do not have first hand information.

Plus, it’s become difficult to decipher the “truth” from the media outlets.

At this point, affixing a label, to the purported conduct, may actually be little more than an academic exercise.

However, we do have some “observations.”

Many of our citizens feel that the methods employed were appropriate.

There is also a substantial segment which feels that they were not, at least for a civilized society.

Some apparently feel that the tactics worked, fulfilled a valuable function, and thus were “necessary,” whereas others disagree.

Yet, despite all of the dissection, few have really focused on the crux of the matter: Whether we are willing to embrace a “by any means necessary” philosophy to address a perceived threat.

This obviously is one amorphous, value-laden, context-driven, ball of Play Doh, moving like a Slinky down the Capitol steps.

There is nothing more unsettling to humans than the thought that we are capable of going to a place we consider unthinkable, although perhaps necessary. (Practice and frequency change all of that.)

It’s mentally akin to shooting a human for the 1st time, whether an intruder, or enemy soldier.

The reality is that at some point on the continuum, we’d all be willing to commit the ultimate act, or darn close to it, if we thought it “necessary,” and that the interests protected were significant enough.

Part of the problem is that it doesn’t matter whether something is actually a threat, but rather whether people think it is a threat, and reasonable people will differ on that.

All three Institute Fellows, the Optimizer, the Laughingman, and the Logistician, served in the armed forces during the Vietnam Conflict Era. Each learned to use weapons which kill, if necessary.

And efficiently.

We appreciate the concept of evil, and the concept of the “enemy.’

And yet, we’d all probably be far less likely to use torture, however defined, than 98% of you who have never served.

On the other hand, if we decided that it was necessary, we’d be at the front of the line, in the first 2%, to do it, efficiently, like Arnold, and move the freak on, with little yapping….

The History Channel and PBS recently aired programs documenting the inhuman treatment of Allied POWs in the South Pacific by the Japanese during WWII. Subsequently, we saw a discussion of the psychology of revenge.

Once it was clear that the Americans had won, and began to take Japanese POWs, our forces did some pretty despicable things. A U.S. journalist captured some of this on film. It was suppressed for years, and only recently disclosed.

We didn’t want the world to know that Americans could “go there.”

We need occasional reminding that fear can bring out the absolute freak in us.

And anger is frequently intertwined with fear.

Today, we witnessed the baptism of a young infant. Observing the congregation, we noted the serenity associated with that event.

All of us take on that glazed look when dealing with infants. We’re reminded of an era of innocence, when worries are nonexistent, and someone else has the responsibility of caring for us.

It’s a space to which many yearn to return - unrealistically.

Jack Nicholson reminded us, in “A Few Good Men,” that some force ensures that those of us on the home front, including that infant, sleep in peace and comfort through the night. (Funny that film should have taken place at Guantanamo.)

When we perceive a threat (especially one difficult to define and frame) is about to invade our zone of serenity, our willingness to “go there” becomes less objectionable.

We’re all located in different cars on the train that is the continuum as we approach that point.

That being said, perhaps we can do without labeling it torture or some other euphemism.

Perhaps no prosecutions, bloodletting, or rolling of heads.

We well understand the PR issues, and this desire to convey that America is the Mt. Everest of “high moral ground.”

However, that we live in a society capable of public introspection may be just good enough, for now, especially with other issues on our plate.

It’s what helps form the “collective conscience” that all societies need, but do not have.

The reality is that at the end of the day, all of us care.

Post No. 109: It All Depends on the Price of Your Ticket on the Train


© 2009, the Institute for Applied Common Sense

There’s a good and bad side to everything.

Including conduct and relationships.

(Are you aware the largest source of violence against women is not strangers, against whom one might use a gun, but from their “loved ones,” who they know?)

The Logistician is the only guy we know who takes dangerous vacations.

Like walking the back streets of Rio amid warnings of “the Mafioso.” Or scurrying from Caracas just before riots resulted in 300 deaths. Then there was cruising in the Adriatic when the U.S. bombed Libya.

Some brave, macho guy? No. (Stupid is more likely.)

His problem? Curiosity.

About any and every thing. And open to all points of view.

He suspects that how one views the world, and what they value, depends on where they’ve been, what they know, and what they’re willing to experience.

As an engineer and a lawyer, he had to appreciate all sides of many issues. He had to find the facts, not just those which advanced his goals.

He learned that advocating a position, which was patently disingenuous or specious, detracted from the power of your advocacy, and made others question your motives, if not your professionalism.

Rightly or wrongly, he applied that principle to all things in the Universe, and thought that others did also.

But it now appears that we either live in a new environment, or the Logistician is just waking up to reality.

Many have figured out that drawing lines in the sand, making specious arguments, if not telling out right lies, and resisting the views of others, works. Especially while pushing emotional buttons.

For someone who learned to argue the merits of a position, and not their own belief system, this is proving to be a very troubling revelation.

Today it appears that if one does the Nikita, pounds the desk, speaks at a fever pitch, and exudes “passion,” one will attract attention. And perhaps even a lot of followers.

That may be good. May be bad.

We almost named this piece, “Both Sides Equally Wrong on Most Issues.”

Why? When Einstein was exploring “simultaneity,” or the simultaneous occurrence of events (and its relationship to relativity), he asked, “How do we know two events are simultaneous?”

He provided this mental example. Lightning strikes to one’s left, and a separate strike occurs the same distance to the right. To the person standing in the middle, the light from both strikes will be perceived as reaching the person at the same time.

The observer will consequently view the events as “simultaneous.”

Next, imagine a very, very fast moving train. Lighting strikes the front, and a separate strike hits the back, when an observer, standing beside the track, is in the middle of the span of the train.

Again, the observer would consider these “simultaneous.”

Then Einstein threw us a curve ball.

He asked us to imagine a woman sitting on the train, in the middle passenger car, when lightning strikes both the front and rear of the train.

From her perspective, they would no longer be simultaneous events. Moving in the direction of the front end of the train, she would perceive two, separate, and distinct strikes.

And so we thought, how we view the world, and the positions of others, depends on where we sit on the train.

When it comes to considering the behavior of others, or formulating solutions to problems, we should recognize that others are located in different cars on the train.

And that their perceptions are equally valid.

Bill Bernbach, founder of Doyle Dane Bernbach and Father of the last meaningful creative revolution, famously kept a scrap of paper in his wallet. Upon reaching an impasse with clients about his radical approach to advertising, he would pull it out.

On same Bill had reminded himself that, “Perhaps he’s right.”

As we speed toward that stalled R.V. straddling the track down the road, we need the input and contributions of all observers, not just those in any one car.

Like Mr. Bernbach, we need to put ideology aside in favor of pragmatism, when the logical outcome of inter-railroad employee fighting and a bad decision might be a massive train wreck.

Rigid adherence to one’s position may work on a personal level.

However, it significantly complicates collaboration, and has the potential to distract us from reaching common goals to our collective benefit.

Friday, April 24, 2009

Post No. 108a: Article of Interest re U.S. Education Status


The following article appeared in the April 22, 2009 electronic edition of the New York Times:

April 22, 2009

Op-Ed Columnist

Swimming Without a Suit
By THOMAS L. FRIEDMAN

"Speaking of financial crises and how they can expose weak companies and weak countries, Warren Buffett once famously quipped that 'only when the tide goes out do you find out who is not wearing a bathing suit.' So true. But what’s really unnerving is that America appears to be one of those countries that has been swimming butt naked — in more ways than one.

"Credit bubbles are like the tide. They can cover up a lot of rot. In our case, the excess consumer demand and jobs created by our credit and housing bubbles have masked not only our weaknesses in manufacturing and other economic fundamentals, but something worse: how far we have fallen behind in K-12 education and how much it is now costing us. That is the conclusion I drew from a new study by the consulting firm McKinsey, entitled The Economic Impact of the Achievement Gap in America’s Schools."

* * *

To view the remainder of the article, click here.

Thursday, April 23, 2009

Post No. 108: Too Few Indians; Not Enough Chiefs


Something’s bothering us.

How in the heck did so many become experts on economic theory overnight, and declare themselves competent to expound on this tactic or that?

Not only are they economic experts; they can predict the future with certainty.

Lots of us have difficulty tracking a checking account balance.

We here at the Institute aren’t sure of much, other than tequila will make you stupid, vodka will make you delusional, and hanging out with more than one woman will make you broke.

And so with amazement, we have watched talk show hosts, pundits, and just regular folks like us, draw lines in the sand describing what happened, why it happened, and what is about to occur.

Where were these people before things started heading south? And why weren’t they running things?

We’ve operated businesses. Stuff’s tricky. We don’t pass judgment on others, especially those with larger /more complex operations.

One of the Logistician’s partners used to say that business people are happy if they get it right 51% of the time. 60% will make you wealthy.

And yet people with not even lemonade stand experience call others incompetent.

That’s not to mention those who’ve cornered the market on history and claim their view is historically accurate, while others are revisionist in nature, or worse yet, lies.

A symposium on the economy was recently held at George Washington University.

There were roughly 10-13 economists, journalists, former banking officials, and business professionals.

First, the group noted that over decades, our best and brightest were diverted or “distracted.”

Instead of pursing careers in science, bio-tech, and other technological areas, they spent time creating “innovative financial instruments,” and generated huge amounts of money, mostly for themselves, through leveraging.

Second, the question arose as to how the best and brightest from our top educational institutions managed to be at the center of this whole mess. This was not a collection of dullards.

Third, there was some sense that the captains of finance had little sense of social responsibility.

Fourth, no one attributed our economic situation as primarily due to one factor, a short period of time, one party, or one administration.

Even the least sophisticated amongst us should appreciate that:

1) The world hasn’t faced a similar economic crisis in our lifetime. There is no historical precedent. No one really knows precisely what to do;

2) This crisis seems to have been precipitated by an economic situation more or less defined by the availability of more capital than good deals;

3) There is no more “them” or “us.” We can’t get along without Chinese money and China can’t get along without the American market. We need a world wide coordinated effort… which is going to be difficult;

4) The economic policies of the last 8 (or 15, or 20, or 30) years got us to this point and did not produce the desired results;

5) When you find yourself in a hole, the first thing to do is stop digging;

6) There is no drug as addictive or powerful as easy credit and the promise of instant wealth;

Finally, we’ll pass on something from a buddy who should know. The main reason why Tim Geithner is flailing in the wind is he can’t consult the Street and the Big Banks because there are horrendous conflicts of interest. Treasury is also inadequately staffed for this reason, along with the fact that few have the guts to take on a task of this magnitude.

Much of the wailing and brow beating can largely be attributed to a few who became very rich during the last decade exploiting easy credit and nonexistent regulation.

They became hooked on the most powerful drug extant.

The rest of this public viciousness is nothing but political finger pointing.

Hunter Thompson once observed of Washington: “In a closed society, where everyone is guilty, the only crime is in getting caught, and the only sin is stupidity.”

Mark Twain, 100 years earlier, noted: “Few things are harder to put up with than the annoyance of a good example.”

We elected this man on the promise of change. Lord knows our economy is in desperate need of something different.

We at the Institute of Applied Common Sense ask only that those both for, and against, this change “get with the program.” If you have a better idea, let’s hear it.

If not, let’s tamp down the fervor, and give a new approach a chance.

After all, the stuff we did before obviously didn’t work.

Except, perhaps for the benefit of a few.

"There Are More Than 2 Or 3 Ways To View Any Issue; There Are At Least 27"™

"Experience Isn't Expensive; It's Priceless"™

"Common Sense Should be a Way of Life"™