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Monday, March 30, 2009

The 77% Woman

You won't read this in the Wall Street Journal or any other rag, but the above title is correct. It is also sad and sobering. Save for government related jobs women still earn 77% of her male colleague in blue to white collar jobs and this is 2009 not 1909. Disgusting isn't it?

Just think what would happen if the women of this nation finally put their power into a mass political surge to put an end to it all.
Ssh! Here's the big unknown that just shouldn't ( ok, maybe it truly should) get out into the marketplace of ideas. If only women knew that they currently they hold 51% of the vote; 51% of the population; and, 53% ownership on corporate stock on Wall Street. If they only knew...oh my, you go girls!

Sunday, March 29, 2009

Economic Ignorance: Don't blame the kids

Walk into any high school and you'll probably see a slogan that just so full of optimism that your hair will stand up on your arms in excitment. It reads something like this: " We're Here For the Kids". If only it were true. So many words, so meaningless. There are reasons for the facade put forth by education leaders, but let me give you a simple example.

Ask the next high -schooler you see the following:
1. What is the function of the Federal Reserve System?

2. What is a blue chip stock?

3. What is meant by the term "federal deficit"?
4. What is meant by the term "fiscal policy"?

If the responses are "I don't know", please don't nod your head in agreement with so many other adults who just think our children are below stupid on the intelligence scale. They aren't!

Let's go back to that school slogan about being there for the kids. How can our school look at us with a straight face and say they are there for them when they make no effort to prepare these kids with economic knowledge? Let me take it a step further: school districts pulled courses such as economics and civics out of the curriculum in an effort to save money. In place of those courses they designed a course called "social studies" a sort of snake oil of the social sciences; a sort of dumbed-down version of history.

After thiry four years as a teacher of government and economics I couldn't define the term "social studies" because it is just too nebulous.

Schools....not there for the kids.

While your at it try asking a college graduate the following:
1. What's the function of A.I.G.?
2. What's a hedge fund?
3. What is a "credit default swap"?

He/she probably won't have a clue. So how dare any of us point a finger at those who took out mortages they didn't understand and criticize them anymore than we would those brilliant lawyers/doctors who bought the crap Madoff sold them

Friday, March 27, 2009

No Sunset for the Patriot Act

I have been in Prez Obama's camp since his Democratic nomination. His ideas/ideals have been refreshing and sorely needed. Now comes the bad news. The infamous Patriot Act introduced under the previous administration was set to expire this year. In political circles this is known as "sunset". Now, however, it appears that Mr. Obama just can't seem to let it die.
A quick review of the law should scare anyone. It allows for the arrest and detaining of a "suspect" without habeas corpus for just about anything authorities may deem a "terrorist act". Check out too many books on radical Islamic Faith and risk having the librarian report you to the F.B.I., no, it's not because she's a mean busybody, it's because the law requires such notification ; your buddy sends a $500 check to his friend Ibn in Niarobi which immediately draws the attention of the Dept. of Homeland Security and his possible arrest. This law allows for the searching of our phones, computers, and just about anything that might be considered "suspect". Which could lead to arrests with out right to legal counsel indefinitely.

Every civil rights organization under the sun has come down hard in opposition to the act, but their pleadings have fallen on death ears.

Pardon my naivete, I looked to Mr. Obama to change this capricious law with an executive order the first day he walked into the White House. It didn't happen. Later, I waited for him to ask Congress to deny reauthorization of the bill this year. It didn't happen, either.

Obama's position on this issue begs for logic only to find none. Yep, it's all about politics. In this sense one could think of the Executive Branch as a sponge soaking up yet more power that it doesn't want to release. Think Lord Acton and you get a better picture: "Power corrupts, absolute power corrupts absolutely".



Benjamin Franklin got it right when he said: "Those who desire to give up freedom in order to gain security will not have, nor do they deserve either".
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