The Sky Is Falling!

Like a cartoon character John McCain is running around in circles.  Not knowing what to do he keeps running in circles.  He reminds me of the story of Chicken Little.  Could Foxy Woxy really be Henry Paulson?           

 

Let me retell the story as posted on http://www.geocities.com/mjloundy/.

One day Chicken Little was walking in the woods when —KERPLUNK — an acorn fell on her head

“Oh my goodness!” said Chicken Little. “The sky is falling! I must go               and tell the king.”

On her way to the king’s palace, Chicken Little met Henny Penny. Henny Penny said that she was going into the woods to hunt for worms.

“Oh no, don’t go!” said Chicken Little. “I was there and the sky fell on my head! Come with me to tell the king.”

So Henny Penny joined Chicken Little and they went along and went along as fast as they could.

Soon they met Cocky Locky, who said, “I’m going to the woods to hunt for seeds.”“Oh no, don’t go!” said Henny Penny. “The sky is falling there! Come with us to tell the king.”

So Cocky Locky joined Henny Penny and Chicken Little, and they went along and went along as fast as they could.

Soon they met Goosey Poosey, who was planning to go to the woods to look for berries.

“Oh no, don’t go!” said Cocky Locky. “The sky is falling there! Come with us to tell the king.” So Goosey Poosey joined Cocky Locky, Henny Penny and Chicken Little, and they went along as fast as they could.

Then who should appear on the path but sly old Foxy Woxy.

“Where are you going, my fine feathered friends?” asked Foxy Woxy. He spoke in a polite manner, so as not to frighten them.

“The sky is falling!” cried Chicken Little. “We must tell the king.”

“I know a shortcut to the palace,” said Foxy woxy sweetly. “Come and follow me.”


But wicked Foxy Woxy did not lead the others to the palace. He led them right up to the entrance of his foxhole. Once they were inside, Foxy Woxy was planning to gobble them up!

 


Just as Chicken Little and the others were about to go into the fox’s hole, they heard a strange sound and stopped.


 

It was the king’s hunting dogs, growling and howling.


How Foxy Woxy ran, across the meadows and through the forests, with the hounds close behind. He ran until he was far, far away and never dared to come back again.


After that day, Chicken Little always carried an umbrella with her when she walked in the woods. The umbrella was a present from the king. And if — KERPLUNK — an acorn fell, Chicken Little didn’t mind a bit. In fact, she didn’t notice it at all.

 

 

 
The End

 

 

The Lottery Is a Wonderful Thing

California finally has a budget for the fiscal year that started July 1.  You see the problem is that our laws require a 2/3 majority to pass all spending bills.  The Democrats have a majority of the legislature but not the required two thirds.  The state goes through this every year.  It’s not likely to change because the districts have been so gerrymandered that it’s almost impossible to change the control of any district.

 

Gov. Arnold Schwarzenegger has done the best anyone could, given the government structure.  It was a fabulous idea for balancing the budget.  We will borrow $10 billion from future lottery revenue.  Maybe the Federal government can use that method to finance the bail out of Wall Street.

 

I am not certain that anyone really cares. Beverly Hills, Malibu, La Jolla, and Calabasas too, are all doing great this year.  What’s to worry?

Will Israel go to War With Iran Before January 20?

A war between Israel and Iran is growing more likely every day. These two countries are doing too much saber rattling to ignore.  Perhaps that it is just saber rattling but looking beneath the words is the growing animosity.  Perhaps each wants a scapegoat to justify their leadership.

 

I wrote about the possibility of such a war on September 15.  Today I found this article in the Los Angeles Times print edition entitled Iran leader talks tough on Israel.  Subsequently the Times posted it on their web site.  The article starts with this paragraph,  Supreme Leader Ayatollah Ali Khamenei, who is Iran‘s top political and military figure, said his country’s hostility to Israel extended beyond the government to the Israeli people as well. In saying so, he was brushing aside recent overtures by top Iranian officials to the Israeli public.”  

 

When you read the last paragraph along with the first you have a disturbing picture that could easily incite Israelis who may view this statement along with Iran’s nuclear program to justify a first strike.  The last paragraph is as follow. “Khamenei said Iran has no problem with Judaism or other religions. “But we are on a collision course with the occupiers of Palestine and the occupiers are the Zionist regime,” he said. “This is the position of our regime, our revolution and our people.”

  

The new Israeli prime minister, Tzipi Livni, is the current foreign minister.  She is the perfect person for the job as prime minister when words rather than swords are needed.

Congress Has The Power and Should Regulate Commerce

I fear that we will continue to see the abuse of financial systems when the Henry Paulson, Treasury Secretary, said the following.  “…So again we’re coming together to work for an expeditious solution which is aimed right at the heart of this problem which is ill-liquid assets on financial institutions balance sheets. Thank you.”  What?? That was a misleading statement. There was no mention of the root cause of this situation which was home loans to the unqualified. There was no mention of regulations to prevent a recurrence of this current meltdown.

 

BusinessWeek has an excellent article on the subject of regulation of many aspects of our economy. Is It the Dawn of the Reregulation Era?  This article correctly points out the folly of an unregulated economy.  Congresses abdication of its power to regulate commerce is the result of the influence of big business and the wealthy at the expense of middle class America.  The current financial meltdown is the result of greed.  Reasonable regulation is the answer.  The difficulty is defining “reasonable.”  The meeting of Henry Paulson, Ben Bernanke and leaders of both political parties proves that reason can prevail.

 

This could be the first 3 a.m. phone call for both John McCain and Barack Obama.  What they tell us they would do if this situation occurred during their presidency might be the guide for selecting the next president. Barack Obama’s economic plan that I posted on September 18 gives us insight into his ideas.  However, his response to the current situation might be more telling.  He can’t vote “present” and neither he nor John McCain can avoid voting for or against the legislation that will probably be presented to Congress in the next few weeks.

George W. Bush – The Failed Presidency

If ever there was a presidency that failed in so many ways it has been the 43rd president.  The Republican Party carries part of the responsibility.  The only real success is that there have been no additional attacks by terrorists on American soil since 9-11-2001. 

 

However, the attack itself may be the fault of the president.  It is not clear that the blame for protecting the nation lies with the Bill Clinton administration.  The truth about what was known and when may never become public information.

 

 

1. The Iraq War

Too many people have written books about plans in the Bush Whitehouse about an attack on Iraq even before 9-11.   Paul O’Neill wrote a book about his experience as GWB’s first Treasury Secretary.  He told in that biography, The Price of Loyalty, about GWB’s discussion well before 9-11.  What reason would he have to contend the planning of an attack?

 

We all know the Iraq War was sold to Congress based upon bad or phony intelligence.  Colin Powell was made the fall guy for a poorly presented justification at the United Nations.

 

The war is not being won now.  It is clear to most Americans that the war that was supposed to be an easy win will be abandoned because it has become a civil war that the United States cannot settle.

 

2. American Infrastructure

The country has fallen behind in the maintenance of its physical facilities.  From national parks to highways and bridges there has been considerable neglect.  The most glaring example is Interstate Highway 35 across the Mississippi River from Minneapolis to St. Paul.  This should not have been news as there were warnings about the bridge going back to 1990.  The 2007 article says there are hundreds of other bridges around the nation that need attention.

 

3. The National Debt

When GWB took office there was $5 trillion surplus.  Today there is debt of $9.5 trillion.  Well GWB did reduce income tax rates and that was good or was it?  The bulk of those tax reductions went to the rich.  If you earn your income through the receipt of capital gains rather than a pay check your tax rate is 15% regardless of the amount of income involved.  A House Budget Committee Report explains how we got into debt.

 

4. Katrina

There really are no words to explain the lack of preparation for a hurricane or the lack of follow up after Katrina hit.  It was a monumental failure of government to aid its citizens.

 

5. Financial Market Meltdown

Merrill Lynch, Countrywide Mortgage, AIG, Fannie Mae, Freddie Mac and Bear Sterns are the names of some of the biggest companies in America.  They all have one thing in common.  They have received massive aid from the government or were forced into a sellout to protect investors.  The government was not monitoring these large companies that could and did impact our entire economy.  It all had to do with reduced oversight by government agencies.  It is something that John McCain has very vocally supported.  This philosophy has been a corner stone of the Republican Party.

 

6. 45 Million Americans Have No Health Care

This is personal for me because both of my children and my wife are not covered by an employer health plan.  The cost to buy individual plans is astronomical.  GWB and the Republican Party have stood in the way of providing a national health plan.  The reason is quite simple.  Lobbyists from health insurance companies and other health service providers earn more money when things remain as they have always been.  Concern about those big businesses has taken priority over the needs of the citizens.

 

7. Lost Jobs

Worse than the current 6.1% unemployment rate is the loss of major manufacturing industries to other nations.  The government has promoted free trade agreements that have devastated our middle class.  There is no industry on the horizon that will provide replacement jobs.  Our government sits quietly doing nothing.

 

8. Energy and the Environment

Congress, which has been controlled by Republicans for more than a decade (current legislation cannot be passed due to presidential veto), has not developed a single new plan to move the country forward. Lobbyists have more say than the citizens. GWB is more concerned with big business than the country’s future.

 

 

 

Do you need any more reasons to vote the Republican Party out of office?  GWB and the Republicans have failed.

On The Lighter Side

Thanks to my father we moved to Southern California when I was 10 years old.  Before that it was the life of Pennsylvania and New Jersey.  That meant hot and humid in the summer and cold and damp in the winter.  Since moving here I have been to the California’s snowy mountains four times and back to the Eastern winters twice.

 

Long time friends of mine invited us to their son’s wedding in La Jolla at the Torrey Pines Hilton this past weekend.  We have visited San Diego about 100 times so the trip to La Jolla (a suburb of San Diego) is nothing new to us.  The temperature will be 760 today.  It was within one to two degrees of that temperature while we were there.

 

La Jolla Hilton
La Jolla Hilton

 

 

If you are looking for a place to live on the mainland with the most moderate climate Southern California is the place to live.  Of course the cost of housing is any where from three to ten times the cost anywhere else in the country except Manhattan, Boston, and Hawaii.

 

You could spend many days just visiting the museums in San Diego.  The displays are all spectacular.  We spent about three hours in the Natural History museum and only saw about half of the displays.  Another two hours was spent at Seaport Village.  The rest of the time consisted of a nap and two evenings with the wedding party. 

 

Well it was a Jewish wedding.  Do I have to tell you any more than that?  For those of you who don’t know, a Jewish wedding is always spectacular.  There is a dinner followed by a night of dancing and singing.  At the Hilton it could not have been better.  I didn’t even talk about politics!  Yes, I missed Tina Fey and Amy Poehler on SNL.

Another Popularity Contest

The unfortunate reality of selecting our president is that it is more of a popularity contest than a contest of issues. This is not a new phenomenon. The United States has a history of electing successful war generals to the presidency. This dates back to George Washington. The last general elected was Dwight D. Eisenhower, the leading general in WWII in Europe. His official WWII title was Supreme Commander of the Allied Forces in Europe.

Today we have John S. McCain, who is a war hero from the Vietnam War running for president. He has promoted his biography very extensively. He was not a general but he was a POW for five years. Although the Vietnam War was very unpopular it was and still is viewed by many people as a very worthwhile endeavor.

Barack Obama does not have a military background. He has never served in the military. He does have an interesting and a gripping biography. He was smart enough to put himself through Harvard Law School despite being the Black child of a single White parent.

The election campaign has deteriorated to a smear and name calling contest. Calling Governor Palin a “cocky wacko” is an excellent example of this behavior. The discussion of issues is no where in sight. Perhaps the debates will help to refocus our attention on real issues. However there is no guarantee that this will happen. An ABC Network debate between Hillary Clinton and Barack Obama was primarily focused on the bickering between the candidates and on smear and name calling. If that will be the tone of the planned debates they will serve no purpose.

Perhaps the founding fathers of this nation were wiser than I thought when they created the Electoral College. Those people might be wiser than the general public and not vote for the most popular candidate.

Slanted Reporting Isn’t “Fair and Balanced”

I like Chris Matthews because he asks lots of worthwhile questions and has many excellent guests on Hard Ball and The Chris Matthews Show.  He is obviously in favor of Barack Obama for president.  He obviously  favored Obama throughout the primaries.  Keith Olbermann is even more tilted towards Obama to the point of being obnoxious.  The antics of these two men in their reporting and interviewing at the conventions were so obviously slanted that I thought I was watching the anti-Fox News network.

 

David Gregory, who has been the host on Meet the Press twice since the passing of Tim Russert, really is the balanced interviewer.  MSNBC executives were wise in making Gregory the anchor for the debates and voting day coverage.  People will notice the difference and their ratings will go up.  I hope David Gregory becomes the long term host of MTP.      

LO MEJOR EN CINE DE USA Y LATINOAMÉRICA

The Los Angeles Latino International Film Festival is coming to my city.  The above title is part of the scanned full page ad in the Los Angeles Times.  What’s wrong with this picture?  It’s the destruction of the United States culture.

You may think I am a bigot but you are wrong.  The United States is all about hamburgers, hot dogs, baseball, football, and Thanksgiving.  We are a melting pot and ought to stay that way.  Canada says it’s a patch work or a quilt.  What’s the difference?  Americans are unified because we all understand that different cultures improve the stew.  A Latino film festival and similar cultural events define separation.  When the Los Angeles Times prints this advertising they are promoting separation not unity. 

 

China and Japan will be more successful because they are homogeneous societies.  America’s roots were homogeneous too.  To sustain America’s greatness we need to stand for mixing not separation.

John McCain Has Some Worthwhile Positions

Remember, I am an Independent.  The reason is that I am listening to the man not the party.  My choice of Barack Obama over John McCain is because I am more in agreement with him than McCain.  However John McCain has some views that I think are correct.  The list is short.

 

SCHOOL VOUCHERS

Teacher’s unions have long opposed vouchers but the reasons are vague.  Apparently the unions feel threatened by the idea of choice.  Competition is the part of capitalism that provides consumers with the best products at the lowest prices.  Perhaps that is the issue for unions.  After all if there are less students in a school someone will have to be laid off even if that someone is incompetent as a teacher.  So McCain’s statement that the least effective teachers may have to find another form of work is correct in a competitive world.

 

I believe that parents should have the choice to enroll their children in the school of their choice and that includes parochial schools.  Parochial schools are providing a service to the community by rescuing over crowding in the public schools.  That being the case, they too should receive public support.

 

NUCLEAR GENERATED ELECTRIC POWER

The New York Times reported an astounding 77% of France’s electricity comes from its 58 nuclear power plants.  T. Boone Pickens has pointed out in his TV ads that Iran is converting to nuclear power so that they can sell more oil.  What’s stopping the United States from building nuclear powered plants?  Stupid fear.

 

DRILL, DRILL, DRILL

T. Boone Pickens says it won’t solve the issue of energy but every little bit helps our energy independence.  The fear of oil spills in ocean areas may limit our off shore drilling but where ever the oil is on land we ought to drill it out.  The United States has enormous natural gas reserves that can help bridge the gap until new sources of energy can be developed.  Pickens’ ideas should be taken seriously by both Obama and McCain.