Post No. 52: And Now Some Pablo Neruda

Some eight or so years ago, a childhood friend of mine introduced me to Pablo Neruda. He emphasized that Neruda was special. Not having read any of his work prior to that introduction, or since, I did not fully appreciate what he had shared with me.

Just a few minutes ago, I ran across the blog of another blogger, Vincent Robleto. He recently posted one of Neruda's works, You're the Result of Yourself.

Upon reading it, I realized that it embodies many of the principles central to the concepts discussed in this blog, and promoted by the Institute for Applied Common Sense.

Enjoy.

You're the Result of Yourself

by Pablo Neruda

Don't blame anyone, never complain of anyone or anything.

Because basically you have made of your life what you wanted.

For the remainder: http://kerblotto.blogspot.com/2008/09/youre-result-of-yourself.html

Post No. 51: Finally, Let Me Get this O.J. Stuff out of My System

© 2008, The Institute for Applied Common Sense

Having been fortunate enough to have visited a number of countries in this world, some third world in status, I have often thought that very few of us in this country fully appreciate the luxury of “disposable opinion.”

Once certain basic priorities have been addressed, humans then have the luxury, or time, to think about other, less pressing issues. While explaining why the Taliban was welcome in Afghanistan despite the Western world’s objections, a peasant told a reporter in a recent documentary, “Who cares about women’s rights when you have moved from chaos to order in your daily lives.”

In Post No. 50, entitled, “O.J.’s Opportunity – Lost” (http://theviewfromoutsidemytinywindow.blogspot.com/2008/10/post-no-50-ojs-opportunity-lost.html), I noted that it was sad that Simpson’s life could not have continued on a positive path, uninterrupted by the murder charges. I further noted that an opportunity had been lost to provide inspiration to millions of kids.

In that article, I also mentioned two factors that suggested to me that perhaps Simpson did not commit the murders, at least not personally. In response thereto, I received some pretty intense comments, most of which came to me directly via e-mail. I found it interesting that so many folks continue to have such strong opinions about the first Simpson criminal verdict. (I strongly suspect that the jurors’ personal feelings about the first trial were a significant factor in the most recent verdict, whether rightly or wrongly.)

The intensity of opinions held by supporters and detractors of the two current presidential candidates has often reminded me of the intensity of opinions held by observers of the Simpson verdict.

The Simpson trials and our current presidential election exposed the American public’s feelings about a host of issues. What has astounded me is how rigidly held the beliefs and positions are, on both sides of the fence.

All of this has incredible complexity, and our personal reactions are obviously complicated by our personal experiences.

I honestly do not know whether Simpson did it. It is, of course, possible. I just think that there is a 51% probability that he did not do it. Not 50%, but 51%. There was a lot of tough evidence against him. Since I wasn’t there, and there were no other first party witnesses to the event, I just don’t know with any degree of certainty. However, there are many people in our society who feel strongly about this verdict and “know” one way or the other. I find that fascinating.

Anytime a case is based on circumstantial evidence, and there is a lack of “direct evidence,” the analysis becomes problematic. Here, in the case of the Simpson / Goldman murders, there were no direct witnesses. The only potentially direct evidence was the blood evidence, and a question was raised, either rightly or wrongly, about that evidence.

A circumstantial case is like a suit of clothes and make-up. It can be applied to lots of individuals. Remember the movie Trading Places (http://en.wikipedia.org/wiki/Trading_Places)? There has been some research in connection with widely differing jury verdicts stemming from applying the same set of facts to different people. That’s why trial lawyers work so hard to promote certain images to jurors. The same applies to political handlers and media outlets.

One could take Warren Buffet, transform him into a homeless person in appearance, put him on trial for a crime, and I suspect that he’ll get convicted more than 50% of the time. You could replace him with various other substitute homeless people, Bill Gates, Tyra Banks, Heather Locklear, and get varying results, all with the same evidence.

A prosecutorial filing deputy has to be very careful in deciding to file the initial charges when there is only circumstantial evidence to support the charge. It’s not clear to me that the Simpson criminal charges would have been filed against John Doe husband, without the public history of prior assaults. But I’m not into second guessing people’s motives. The media should also be careful in how it paints and characterizes candidates.

That being said, I fully believe in the system. It’s about procedure and guidelines, and I’m a procedure and process kind of guy.

Can it be made better? Of course. But once you insert the raw human element, it becomes far more complicated and problematic, and therefore the out product becomes inconsistent. That doesn’t mean that the system is faulty.

I think that the biggest problem Simpson had to overcome in his first trial was his prior altercations with his wife. Some believe that if you beat your wife 3 or 4 times previously, you are more pre-disposed to, or will finally, murder her.

It is my understanding that 25% of all violence against women is committed by a “loved one,” or someone with whom the victim is intimately familiar. (Some have even argued that the most effective way to reduce violence against women would be to outlaw the development of interpersonal, heterosexual relationships.) While growing up, I knew many a couple where the husband physically assaulted the wife, on multiple occasions, and they stayed married, kept it undercover, and they live together to this day. Murder never took place.

Quite frankly, it has always been my view that the first time that a woman is hit, she should summon the authorities and immediately leave the relationship so that there is no second event. There is absolutely no excuse for a man to hit a woman; however, I have known many a man to do so, or be very close to doing so, and I’ve had to pull them away, quickly. And yet, I never sensed murderous intent.

When I was in the D.A.’s Office, there was a period when I had to try cases which I disliked. Typical scenario: Drunk man on Friday night beats wife. Kids yell and scream. Someone calls the police. The police arrive, and the husband is belligerent. The assaulted wife and the kids identify the husband as the perpetrator.

The issue then became whether there was a felony or a misdemeanor committed. Generally speaking, the police can arrest if there is sufficient corroborating evidence (other witnesses, or sufficient injury) to support felony assault, or if the assault is made in their presence. The police can not arrest for misdemeanor conduct outside of their presence, unless the wife makes a citizen’s arrest, thus authorizing the police to arrest the husband.

In the typical situation, the husband was arrested and charged with assault on the wife, resisting arrest, and assault on a peace officer. Criminal charges were filed and a trial date was set. However, by the time of the trial, the husband and wife had filed a civil lawsuit, seeking millions, and alleging police brutality and excessive force. Since the criminal trial was held before the civil trial, and could potentially affect the civil trial because of the higher burden of proof at the criminal level, I had to win the criminal trial.

There was intense pressure from the police department. In virtually every instance, by the time that the criminal trial rolled around, the wife had changed her testimony and was prepared to testify on behalf of the husband that he did not do anything to justify summoning the police, and they overreacted. That is why the D.A. changed its policy and decided that the offense was “against the state or society,” and not against the wife. In the late 1970s, the D.A. decided to pursue prosecution of cases, even if the wife dropped the charges leading to the citizen’s arrest.

I think that a significant segment of the population felt that O.J. was guilty because he previously assaulted his wife. In my view, as reprehensible as that prior conduct may have been, the leap from wife assault to murder should not have been made lightly.

We have lots of scientific evidence about brain function to at least partially understand rage. What we don’t generally see is the ability of a first time murderer to simply walk away calmly without a distinct, obvious, physiological reaction.

We have known for years that a certain part of the brain kicks in when a person feels threatened to the point that survival becomes an issue, which explains cannibalism by shipwrecked or downed airplane crews, and parents fighting off attacking bears or sharks. They are, at least temporarily, traumatized knowing that they resorted to that behavior.

A story appeared on the front page of the Los Angeles Times some years ago, about the post traumatic stress suffered by both female and male former members of the Israeli Army. Upon discharge, they found themselves heading to distant lands where they could readily acquire illicit, dangerous drugs to blur their memories of the pain of death.

The body’s natural functional response to death is fairly automatic and obvious. You have to stand over a whacked body to fully appreciate the hard-wired nervous system response, which is built into us all. It’s designed to kick in with respect to attacks on members of our tribe/species. It does not kick it as much in connection with those animals outside of our tribe/species. If the animal coming toward you is charging, then a different part of the brain, dealing with survival, kicks in. Even after that survival experience, you will still see physiological changes. There are auditory, visual, tactile, taste, and olfactory stimuli which can immediately produce violent and fairly long lasting automatic responses in the human body. You usually regurgitate first, the heart races uncontrollably, and you sweat profusely.

Ordering someone to do something is VERY different. There is a buffer. But no one alleged that Simpson hired someone else to commit the murders.

Our brain scan technology and research has improved dramatically over the past 13 years, and we can now map brain activity using computer monitors. Still, very little research is done on violent criminals. We often hear about the cold blooded attitude of teenagers, and how they dismiss their conduct so easily and have truly become sociopaths. However, they were not born that way, and generally they have had years of anti-social support and activity to reach that point.

Thus it is my feeling that it is difficult to find people who can kill a human being for the first time, and then calmly walk away without exhibiting physiological changes. If someone had produced evidence that O.J. had previously killed some folks in years prior, to develop a cold-blooded attitude, I might have felt differently.

This purpose of this article is not to justify Simpson’s conduct, but rather outline the type of analysis which we hope would be employed if we were on trial for such an offense.

All of this brings me to the current political climate. In the jury trial context, I always felt that jurors should dismiss their personal experiences and prejudices, and analyze cases from as pure and non-biased a perspective as possible.

As a general rule, a trial attorney tries to hammer home 3 or 4 major points in advocating on behalf of his client. In a similar vein, there should be 3 or 4 overriding considerations that we take into account in deciding our next leader, not 37 different, dissected, personal characteristics or relationships.

In fact, all jury instructions read by judges to the jurors before they deliberate indicate that they should block out their personal biases, and base their decision entirely on the evidence. It’s a goal, but unfortunately, not a reality.

I never understood why folks inject their personal views in analyzing a situation to reach a decision about something that does not personally affect them. Aren’t we interested in doing what is in the best interests of society at large? That so many people had fixed opinions about the O.J. verdict along gender, racial, age, social status, economic, and other lines has always been troubling to me. How about pure analysis just based on the facts?

Perhaps Johnnie Cochran was correct in imploring the jury not to “rush to judgment.”

We are seeing virtually the same type of personal analysis and dissection, with very little attention to facts and objectivity, occurring in connection with this political campaign, by both sides. Isn’t there a more objective means by which we can analyze and judge the candidates without invoking our personal biases?

A black siding with Simpson in response to the evidence, or a female siding with the deceased, or Republicans siding with Palin in connection with her comments, and Republicans attacking Jeremiah Wright, while Democrats attack John Hagee, all represent the worst in our culture.

And gains us little.

Governor Palin apparently thinks that hammering home that Obama had a relationship with former “domestic terrorist” Bill Ayers will be the equivalent to Simpson’s prior assaults on Nicole Brown.

As silly as this might sound, fans rooting for their home team do not get to determine the winner just by arguing their position and attacking the other team. Some objectivity is built into sporting events so that there is little question as to which team or side has prevailed.

How about a little more intellectual honesty as we walk into the voting booth next month? Remember that reasonable people can differ. Remember that we all want to come out of this stagnancy, and that there is more strength in unity.

© 2008, The Institute for Applied Common Sense

Post No. 50a: One of the Better Political Cartoons of the Year

Compliments of Dana Summers of the Orlando Sentinel

http://www.orlandosentinel.com/news/opinion/columnists/orl-summers-cartgallery,0,5845995.photogallery?index=orl-cart-constituents-100208

Post No. 50: O.J.'s Opportunity - Lost

© 2008, The Institute for Applied Common Sense

It has been said that there is more to a man than the worst thing that he has ever done. Unfortunately, the worst thing that a man has done, or perhaps is suspected to have done, always outweighs the other factors, no matter the nature or quality. It is out of self preservation that we are hard-wired to reach such a conclusion.

There is only so much “benefit of the doubt” that we, the observing public, are willing to extend to those who have been fortunate enough to have talent of some sort which results in their being placed on a pedestal.

I only personally met him briefly, for perhaps 20 or 30 seconds in a nightclub in Miami in the 1990s. However, I was connected to him, in a second hand sort of way, through many others.

His Mother was a hospital administrator, and his Father, a chef and bank custodian. As a child, he developed rickets, and wore braces on both of his legs until he was 5. His parents separated around the same time.

He grew up, and later attended City College of San Francisco, with someone who would become one of my most trusted business partners.

During his pro football career, I always marveled at his ability to give his absolute best, day in and day out, even when his team was at its absolute worst. An ordinary player would have performed at a level consistent with that of the other members of his team. Not O.J. He set records, and records, and records.

We all witnessed his transformation from an unsophisticated youth with rough edges, to a charismatic, professional, media personality, even though his characters might have, on occasion, been best described as cartoonish.

When I first arrived in Los Angeles, I, along with another friend who would later achieve pro sports recognition, attempted to get into The Daisy, the private club in Beverly Hills, where Nicole Brown Simpson worked. A good buddy who was a pro football star, instructed us to use his name in order to gain entry. Unfortunately, the maitre d’ did not recall our buddy’s name until almost closing time. However, we were able to have some champagne before our departure.

And thus I appreciated all of the favors and treats that are extended to pro stars - the hotels full of adoring fans, mostly female, and the merchants and service institutions bending over backwards to give the stars more favors and treats… and the restaurateurs, desperately seeking autographed photos to affix to their walls.

Over the years, I witnessed Nicole and her girlfriends as they participated in the “club scene.” They were of a different grade, only accessible by those who traveled in rarefied circles. I also had buddies who socialized with O.J. and Nicole together, and thus I gained some sense of that dynamic. Both were stars of a sort, in their own right, and developed a concomitant set of privileges and expectations, whether justified or not.

And thus it was a complicated culture and environment in which they operated, which few outside of that world could ever fully appreciate.

Most folks do not realize that The Juice started his own film production company, which generated mostly made-for-TV shows, such as the family oriented Goldie and the Boxer films. Most folks do not realize that he was a major participant in an annual charity event that raised millions for sick children.

So there I was, with all of this background, and sitting in my office in Brentwood, looking west toward Barrington, at the mauve-orange sunset, when I noticed several news copters level with my window on the 16th floor. I immediately wondered why there were so many of them, and why they were so close to the ground.

Five minutes later, I walked around the corner on Barrington to be told by the local convenience store clerk that they had found the bodies of Nicole Brown and Ron Goldman, and I knew that things were about to get complicated - real complicated.

And then there appeared Lance Ito (http://en.wikipedia.org/wiki/Lance_Ito), with whom I had shared an office when I first started in the D.A.’s Office, and with whom my partner had attended law school. And then there appeared an older Robert Shapiro (http://en.wikipedia.org/wiki/Robert_Shapiro), who had appeared in my courtroom in a younger version, when I was a D.A.

And then there appeared Johnnie Cochran (http://en.wikipedia.org/wiki/Johnnie_Cochran), who was the Assistant D.A. in 1978, and who extended the offer to me to join the Office. And then there was Geraldo (http://en.wikipedia.org/wiki/Geraldo_rivera) contacting my partner to seek an interview, which he graciously declined.

And then there were the women, who I knew in Brentwood, who were also friends of Ron Goldman, and who spoke about their relationships with him.

And thus I had way too much information to objectively form an opinion as to guilt or innocence, and yet I knew that it would become a sad event, no matter what the verdict. Little did I appreciate how prescient the dissection would be, and its similarities to the nature of the dissection in the current presidential campaign?

On the day of the criminal jury verdict, my partner and I were with a group of clients in the Detroit area, when the verdict was read. We saw the same expressions of exhilaration and disbelief expressed throughout the world. Later that afternoon, we traveled to Chicago, to visit with a client who had been a J.A.G. lawyer handling criminal matters in the service, who was fascinated by our collective connections to O.J.

When I returned to Chicago one month later to make a presentation before a gathering of engineers, businesspeople, and attorneys connected with that client, at the dinner later that evening, I was asked at the last minute to explain, as a trial lawyer, how different people could have such widely differing perspectives on the evidence presented. I was amazed at how quiet the room was as I shared my thoughts. I was not arrogant enough to suspect that they were captivated by what I had to say, but rather they were amazed that any group of people could have thought of him as not guilty.

I would later tell inquiring minds that, from a legal perspective, I suspected that the ”system” had yielded the “correct” results in both the criminal and civil trials, based on the differing legal standards of proof.

Later, I would read an article regarding a private investigation conducted by a respected, retired, law enforcement officer out of Texas, who suspected that O.J.’s son, from a prior marriage, was actually the murderer. It appeared that he had acquired a job as a chef at a restaurant in Westwood Village, two blocks from my place, and that he was quite proud of his accomplishment. He was scheduled to cater a party for his niece, Sydney, whose birthday was that weekend. However, it appears that Nicole called it off at the last minute, and that O.J.’s son was absolutely livid. He reportedly left the restaurant that evening in a huff, with his chef’s knives, and fellow employees claimed that he had never done that before.

Only one close friend ever asked me my personal opinion as to O.J.’s guilt or innocence, and when I informed her, I lost that friend forever, never to be seen again.

I told her, as I tell you here – based on what I saw, O.J. knew who did it, but was not a participant. Why? Two main factors: (1) From all that I knew about O.J., he never would have left town and allowed his two minor children to be in a position to potentially find the bloodied body of their Mother sprawled on the sidewalk. (2) From all that I know about the first time that a human kills, or even witnesses the death of, another human being, one does not simply walk away cool, calm, and collected. We, as humans, are biologically hard-wired to have a violent reaction and to sweat. It takes time, and repeated killings, to become a cool killer, and get on a plane and have jocular conversation with fellow passengers.

And then there was Jackie Conner, with whom I had served in the Office, who sat as the Judge over the Ramparts Division LAPD scandal, involving Rafael Perez, who admitted to planting evidence in scores of case, and implicated numerous others, thus prejudicing scores of criminal prosecutions. (http://en.wikipedia.org/wiki/Rafael_P%C3%A9rez_(police_officer).)

Admittedly, for the past decade or so, O.J. hadn’t done much to advance his cause. I always thought that it was a sad situation, in that although he was no Muhammad Ali, he did have the potential to inspire other young men to improve their station in life, despite humble beginnings.

And thus I knew that O.J. would be convicted on all counts. He was not going to be given another shot, no matter what the evidence in the Las Vegas trial. And he should have known it also.

But what I also knew, after watching the intense, vituperative nature of the discourse during the political campaigns conducted over the past 18 months, was that all of our pre-conceived, perhaps previously concealed inner-most feelings about people, would erupt to the surface, and be expressed in many ways. This country still has lots of internal conflict and repressed feelings about our fellow citizens. This is the climate in which we currently live. This is the climate in which O.J. should have “steered far wide of the danger zone.”

Sorry O.J. Unfortunately, you’re “done fur.” You thought that you could pull it out one time too many. And that’s sad for those of us who got to know you in some tangential manner, even just as fans, but more so for those young folks who could have been inspired by your journey. Opportunity – lost….

Post No. 49: Finally, Someone Explains Something That We Can Understand

I was fortunate enough to receive a decent education at some decent educational institutions. I also took corporate, business, accounting, banking, finance, and various other management courses.

However, I must be honest. I do not understand even a quarter of what occurred over the past 20 – 30 years to lead to our current financial situation.

Although I am sure that most of us can point to some emotional, conceptual issues, be it outsourcing, illegal immigration, two foreign wars, decreased industrial output, and greed, I just really feel like I am in the minority in terms of understanding investment banks, hedge funds, selling short, bundling, derivatives, and such.

Just last week, I contacted two of my graduate school buddies, one with a specialty in banking, and the other in corporate securities, and I told them that I hoped that they were in the Senate Banking Committee sessions to keep them honest.

One of them, “The Bear” (no relation to the term to describe financial markets), forwarded the following article to us by John P. Hussman, Ph.D. of Hussman Funds, entitled You Can’t Rescue the Financial System If You Can’t Read a Balance Sheet, which was posted by Dr. Hussman earlier today. It provides food for thought.

September 29, 2008

You Can't Rescue the Financial System If You Can't Read a Balance Sheet
John P. Hussman, Ph.D.
All rights reserved and actively enforced.

This is a bad idea.

However the final legislation is written, the Troubled Assets Relief Program (TARP) being rushed through Congress will evidently be built around its single worst provision, which is that the Treasury will have authority to purchase distressed mortgage securities from U.S. financials.
As I noted last week in An Open Letter To Congress Regarding the Current Financial Crisis, the sequence of bankruptcies that we've observed among U.S. financials has been almost exactly in order of their gross leverage (the ratio of total assets to shareholder equity). The reason for that is:
1) as the assets of a financial company lose value, the losses reduce the asset side of the balance sheet, but also reduce shareholder equity on the liability side;

2) as the cushion of shareholder equity becomes thinner, customers begin to make withdrawals;

3) in order to satisfy customer withdrawals, the financial company is forced to liquidate assets at distressed prices, prompting a further reduction in shareholder equity;

4) go back to 1) and continue the vicious cycle until shareholder equity goes negative and the company becomes insolvent.

Let's return to the basic balance sheet of a typical financial company before the writedowns:
To read the remainder, click on: http://www.hussmanfunds.com/wmc/wmc080929.htm.

Post No. 48: A Missed Opportunity

© 2008, The Institute for Applied Common Sense

Candidate McCain has frequently noted that many of his colleagues headed to Washington to change Washington, and that Washington actually changed them. Unfortunately, the former naval fighter pilot may be the best example of that phenomenon.

The non-eventful first debate between the presidential candidates last Friday supports that notion.

There’s something “unique” about being an active participant in war. That unity of experience and emotion draws warriors together, no matter the generation. (And if you note, they rarely talk about it, until some documentary film maker shoves a microphone in their faces, or their remaining years are few in number.)

After a major earthquake in California in 1994, a WWII veteran father in North Carolina called his mid-40s son in an effort to ensure that he was not too rattled. Although he had never been in an earthquake, the father recounted his unsettling feeling when one of Hitler’s V bombs exploded next to him. That 87 year old veteran, despite a lifetime of voting the straight Democratic ticket, has hinted that he plans to vote for a fellow warrior, although of a different war.

In a recent article, we noted that any modern solder will tell you that in selecting a combat leader, they would not give a rat’s ___ whether he was white, black, Harvard or Academy educated, Democrat, Republican, old, young, eastern, northern, Christian, Muslim, male, female, pro-choice, pro-life, had “family values,” whatever that is, or ate caribou. (They would all want him to be a gun toter.)

They would tell you that they would want someone who could best manage to save their rear ends by their ability to manage the team and the dangers in front of them, right then and there.

They would also all tell you that the preceding 17 factors do not really bear on that elusive leadership quality. We must admit that there has to be something beyond all of that dissection.

On Friday night past, there was a one time, never to come again, opportunity for candidates McCain and Obama to walk across the stage...look each other in the eye...shake hands...and promise the American public that our economic engine would not self-destruct... regardless of who gets elected. With McCain having the background in triage and team building, and the benefit of experience, at a minimum, he should have suggested the maneuver.

They didn't do it.

Apparently, it is also considered political suicide to ask the American people to knowingly support the cost of current American foreign policy with the financial sacrifices necessary to support same.Or to admit that the $10 billion/month current cost of our Iraqi involvement, and our former bad planning, means there is no money for either candidate to fulfill any of their campaign promises.We’re now in a “war,” but not the type of war about which our current President often speaks. Question any Middle East expert who has studied Osama bid Laden’s game plan for the past 20 years, and they will tell you that despite the rhetoric about killing the Great Satan, the goal is not to kill our people...they want to convert them...

Twice they attacked the World Trade Center. Twice. If this is not about symbols and philosophy…. This is a war about values executed through a war on our economy, and there are probably lots of smiles in the caves these days.

By sucking us into a couple of wars in the Middle East, the cost of which our current administration is unwilling to acknowledge...we are right back to Viet Nam...and all of the nonsense that follows. That someone thought that we could somehow transport resources over thousands of miles to accomplish something that others could not in their own backyards should cause us to pause.

We suspect that the cost of our “enemy's” per person kill rate is running something less than $5,000/per funeral... and the cost of our kill rate is running something like $500,000/per... not including friendly funerals.

Maybe more.

A snarky guy might even suggest that our economic enemies are winning...at least on the only short term over riding measure we consider important.

When you think that you’re fighting charging water buffalos, and you’re really standing knee deep in a snake pit, things get a little distorted.

So...how do we fix this?

Radically change the paradigm. Back in June, we posted an article entitled, “How Radical Action Could be a Good Thing Right Now.” (http://theviewfromoutsidemytinywindow.blogspot.com/2008/06/post-no-18-how-radical-action-could-be.html.) In that article, we suggested that each candidate name the other as his vice-presidential choice. Quite frankly, we’re not sure whether under the current political party rules, candidates Biden and Palin could be replaced by the names of McCain and Obama.

But who’s following rules these days any way? And these rules do not even have the force of law, in that they were not promulgated by legislative or administrative governmental bodies. Perhaps the two presidential candidates should take a lesson from the guys on Wall Street and do whatever they think is in their best interests.

Since we have faith in the basic, underlying motivations of these two mavericks, we are reasonably certain that they would do what was in the best interests of this nation. And that’s more than what the Wall Street guys did for us.

Once again, it’s the party handlers and consultants about whom we’re concerned.

© 2008, The Institute for Applied Common Sense

Post 47b: First Draft of Economic Rescue Package Released at 5 pm EDST

View the first draft. Still to be finalized.

http://www.foxbusiness.com/story/markets/economy/draft-economic-rescue-package/

Post 47a: If You’re Willing to Momentarily Laugh about Our Current Financial Crisis

We, here at the Institute for Applied Common Sense, generally try to avoid cynicism, since our ultimate goal is to encourage the development of innovative solutions to serious societal issues. We always assume that positive changes can be achieved. At the same time, we recognize the importance of entertaining views across the spectrum to stimulate thought and keep us on our toes. We further appreciate the role of wit and humor.

It is in this spirit that we submit for your consideration the Con Man’s Blog of Jack Payne. The following is an excerpt from his September 26, 2008 post, entitled:

Legal Scam? – Con Artists’/Politicians’ Ace in the Hole: Create Controversy

Generating 2 Strongly Opposing Sides is Key to a Good Legal Scam Employed by Con Artists and Politicians Everywhere

“It’s said that the hand that turns the knob opens the door.

If you be the con artist / politician, you know that to succeed in selling a legal scam, several steps are essential – steps necessary to just getting to the door, before you can even hope to open it.

As it’s said: Never wrestle a pig; you’ll both get dirty, and the pig likes it. Take the easy way.

You must hatch a problem so that you can organize a group of people to step in with the “solution.” You must then employ the Us and Them technique so that your group of suckers can be manipulated, with strong emotion, to become the “void-filler” in this legal scam. Tell them your powers can only be used for good. At no time overlook the potency of collective stupidity….”

It only gets better. Check it out: http://www.legalthriller.blogspot.com/2008/09/legal-scam-con-artists-politicians-ace.html



I

Post No. 47: Needed - Attitude Adjustment Following Meltdown

© 2008, The Institute for Applied Common Sense

Much has been made in recent days regarding a prospective leader’s ability to multi-task. And yet we must recognize that there are consequences.

Just yesterday, a colleague here at the Institute mentioned that there was plenty blame to go around in connection with this economic mess. He also suggested that the first step in addressing a problem is to take responsibility for having participated in its creation.

Consequently, we the citizens of this nation, must examine ourselves, since a nation is not comprised of political and business leaders alone.

Most available evidence suggests that members of the last two generations do not read anything but comic books. They purportedly depend almost entirely on friends, and the Internet, for their news. In the competition to be among Phil Night's "Cool Five," (http://www.meetup.com/members/3961181/) being first with the rumor counts more than being right with the implication.

And when you are doing six things at once, who has time to run the numbers, or check the sources? In the interest of fiscal responsibility, GM has canned more than half its North American work force in the last five years... replaced them with a workforce with virtually no experience in auto manufacturing… but willing to work for half as much. And while GM was busy canning workers, revisiting the expectations of retirees, cutting "supplier" costs, building new factories in the cheapest labor markets possible, and taking a fling in the sub prime real estate lending market, Toyota increased its US production by half to become the best selling brand in the US, and the best selling producer in the world.

In the mean time, Toyota's credit arm surpassed both Ford and GM's captive units to become the most profitable lender in the US.Toyota's currently underutilized employees are still working for Toyota... most receiving more training, and thus looking toward the future.

That may be partly due to government involvement in corporate conduct, as is the case in many countries, but it still reflects the nature of the competition, not quite as anxious to post quarterly profits and thus sacrifice the long term. The scientific method teaches us that experience is not expensive; it is priceless... that results you cannot duplicate cannot be attributed to the work you are doing... and that repeating the same actions and expecting different results is insane.We do not need to reproduce the ten year long recession Japan suffered after their housing bubble burst.

But if we are going to avoid it, we are also going to have to concentrate on what they did right...and wrong, and learn from their mistakes.

We as a nation need to observe how others do things, and take notes. To do that, some of us are going to have to spend a bit more time reading printed material other than comic books...and a bit less time on FaceBook, running down the latest rampant rumor.

A colleague, after teaching adults students at a local community college, called me up and said that he felt that someone had “cheated these people out of an education.” The cheaters obviously did not appreciate that cheating affects us all, and for the long term.

With the New Deal, more and more of our citizens learned to depend on government. In recent years, more and more workers learned not to depend on jobs, particularly in the corporate arena, and launched out on their own.

Having now determined that we can not trust our government and political leaders, perhaps it’s time for ordinary citizens to take charge of their destiny, and rely less on our purported “leaders.”

Maybe McCain had it right in picking someone who could connect with “regular citizens.” I can’t imagine any hard working citizen from that social strata doing to this nation what our corporate and political leaders have done.

© 2008, The Institute for Applied Common Sense

Post No. 46a: A Somewhat Different Analysis of What Led to Our Current Economic Situation

Article of Interest from Edge.org

Economic Dis-Equilibrium: Can You Have Your House and Spend It Too?

by George Dyson

http://www.edge.org/3rd_culture/dysong08.1/dysong08.1_index.html