Thursday, December 23, 2010

Christmas 2010

I really was never "into" Christmas. My childhood memories were horrible since each Christmas resulted in the same scenario of my father's leaving the house to get horribly drunk! It was a horrendous situation each year without fail! Nothing in the forms of presents could counter the conclusion of the day.

Then as I became involved in the process of becoming a priest and, later, being a priest, I was always aware that the "Christmas" that most people celebrated seemed to quite different from the religious or spiritual event that I was focused on. I was not terribly involved in the "human" aspects of the celebration until later when I started to become aware that the "human" dimensions could also be "spiritual".

When I became a parent, Christmas took on the perspective of seeing Christmas from the eyes of my children. Admittedly, they and, surely my wife who has always been big into Christmas, helped transition me into the positive aspects of the "holiday".

During the years, the actual religious dimensions of Christmas transitioned from the childhood beliefs of the Christmas story as literally true through all sorts of migrations based on the biblical research that was available.

And, then, the whole religious support system was buried by the inescapable conclusion that Christianity itself was no more that any religious structure designed to provide a support system to those trying to cope with the mysteries of life, especially death.

Now, Christmas has become a human event, period, which may provide some "spiritual" insights into our better selves, e.g., it is great to be with family, to experience the bonds developed by our history, to share the stories that have come to make us who we are.

From my perspective, I experience this human event endlessly throughout the year. When I am with any of the children and family, I am totally aware of the wonder of the experience that I could belong to such beautiful people. When I see my children as dedicated to their spouses and children, I am experiencing the beauty of love being shared, as is often referenced by Christians who see in Jesus the love that God has for mankind. And when I see my grandchildren experience life with such enthusiasm, I can only be awestruck that our history will continue to develop more stories of love, dedication, and hope.

Should I Prepare some Humble Pie?

I don't want to rush into a meal of "humble pie", but I am impressed with the apparent "success" of the President to negotiate as many pieces of legislation through Congress since the election. Many commentators are singing his praises. I would like to join them, but I will get the ingredients for humble pie ready per chance it will be necessary for me to admit that he is truly successful.

The major point of my hesitation to eat the pie is that I want him to defend the vision that made so many of us vote for him. I want him to transform our nation into 21st century that will be embody the best of our ideals of fairness and justice.

I admit that the repeal of DADT and the approval of the START treaty were major successes.
Some say that he needed to get the tax bill through Congress before any of the remaining pieces of legislation would be considered. The point is well made.

I will eat the humble pie with gusto if we can see our nation transformed into a better society.

Sunday, December 19, 2010

Banks Too Big to Fail

I have often focused on the size of banks as a special concern. Thanks to Simon Johnson, I am convinced that banks "too big to fail" are too big!

Howard Schneider has written a column that points out the same in a rather alarming way. He demonstrates rather convincingly that there are many banks in Europe that are literally bigger than the nations. While that is not yet exactly true in our country, it is not very encouraging to know that banks have assets equal to our nation's.

The banks have powerful lobbyists that are working their skills to ensure that Congress does not interfere with their "success".

I can only hope that we don't learn how wrong they have been.

Saturday, December 18, 2010

Dealing with the Deficit could be a Joke!

The recent tax bill indicates that there is no serious attention to the deficit. Meeting all of the Republican demands was clearly going to raise the deficit big time (I suppose it is hard to describe a deficit as being raised "big time" when it is already extraordinarily huge, but ...) show how hypocritical the Republican party is.

I may be most unhappy with the Democrats for caving in to the Republican demands, but at least they tried to stop the tax cut for the wealthy. And, it is not the tax cut per se (I could "compromise" if I knew that there was an agreement to end these cuts when the economy improved, as measured by some agreed upon indices). It is the fact that I believe that there is no intention to increase taxes, period!

Simon Johnson addresses this issue in usual forthright fashion. While he notes that any stimulus will be offset by the rise in interest rates, his major concern is that the prognosis for addressing the deficit is poor and, in turn, investors will demand increases in the interest of our bonds. Our nation will be losing its status as an economic haven for safe money!

Friday, December 17, 2010

Mission in Afghanistan

Let's start at the bottom line. I don't see how it is possible that our current involvement in Afghanistan will result in any significant and permanent good. I see no way in which any "gains" will be maintained. The problems are with the Taliban and the features of a tribal society. The Taliban is elastic in its ability to constantly recreate bodies to continue their "mission". A centralized government exists only in name. It has no relevancy to most of the nation. There is no system of justice apart from the Taliban. It is a colossal mistake! Fred Kaplan's column is so depressing because the Military Review states quite clearly that there is a need for Pakistan to secure its tribal areas and, in fact, that is not happening and, according to the article, will not.

Obama's justification for the "surge" delivered at West Point and yesterday's review of the status of the current mission do not address the viability of the mission. The mumbo-jumbo does nothing for me. In particular, Obama's focus on getting rid of al Qaeda is ludicrous. There is no evidence that we are doing much damage to al Qaeda members. We are spending our time beating down the Taliban which continue to emerge stronger than ever whenever we reduce our presence in any specific area.

Stephen Carter's overview covers the confusion associated with the Obama position. Surely, it makes no sense to me. It is all so depressing!

Wednesday, December 15, 2010

Opposing Views of Reality!

My entry on 4 Dec focused on the history of liberalism in this country. In my entry, I noted that there has been a major difference in viewing reality as either focusing on individual liberty and freedom or the individual within a social order with supports.

In today's NYT, David Leonhardt addresses the same issue within the context of health care. The ultimate point that differentiates this bipolar viewpoint is that one can see how the differences are easily bridged.

Universal health care (hopefully one day, with one public card etc.) affords everyone the security that their health care needs will be addressed. At the same time, it provides the freedom to pursue work independently of concerns of the implications for health care coverage. As it is, employer- based coverage reduces risk-taking for entrepreneurs. If you knew that your liberty would be enhanced by the security of your health care coverage, you could unlock potential growth as well as reducing business costs (no small overhead item in the budget).

Saturday, December 11, 2010

Special Moment!

The experience of being a parent varies between the sublime and the ridiculous. There are moments that can be painful and others, filled with pleasure and joy.

Such was the experience of listening to my son's appearance in the 5th US Court of Appeals to defend the government's case that he argued in District Court. The defendant was trying to overturn the verdict and the sentence.

To listen to my son's use of various citations as well as the measured verbal presentation without the benefit of any notes was most impressive.

It was a very, very special moment.

Wednesday, December 8, 2010

Too Big to Fail!

I have referenced my appreciation of Simon Johnson's opinions regarding the need to control the size of banks. As he often states, the matter is worse now than ever since there are only three banks that control such a high amount of total assets.

One of Fed Governors, Thomas Hoenig has zoned in on this issue several times. Now, in another op-ed column in which there is a link to Hoenig's recent column, William Black provides his insights for supporting the same claim.

As big as the three banks are now, they intend to get bigger! A recent NY Times Magazine, Jamie Dimon states that the objective of a bigger banks is good for our economy! In spite of all the recent history, he is convinced that severe problems will never reemerge.

I wanted that Financial Reform legislation to require limits on the size of the assets any one bank could hold as well as separate commercial and investment banking. It appears that we need another crisis to see the wisdom of so many who advocate for limiting the size of banks.

Tuesday, December 7, 2010

My Education

Recently, I have been most interested in the attention focused on Brockton High School, the one I enjoyed. "60 Minutes" lauded the recent achievements in the urban school that is very large and diverse. Students from multiple ethnic backgrounds and languages have languished in an academic environment that has been despicable. The recent turn-around has been a result of a successful approach by all teachers to require writing in each class. While sounding rather rudimentary, the results have been notable.

When I first learned about this change in the fortune of my high school (the actual building no longer exists), I thought back with a favorable opinion of my education. I saw the trend in education in Brockton as similar to the entire city, i.e., dramatically downward.

However, I recently visited a former classmate who has a serious medical disorder. We were talking about the good press that Brockton received recently. When I commented favorably about our own high school education, she shared her experience in college when she discovered that she had never done a term paper. And, she was a real good student who studied, in contrast to my focus on sports!

But, I then recalled my early experience in the seminary. I was disturbed to find out how ignorant I was compared to those students who graduated from Boston Latin and BC High. While I then attributed my ignorance to my lack of academic discipline, my classmate's story suggests that maybe I was not provided as good an education as I thought. Maybe, my ignorance was only partially explained by my interest in sports (an interest that actually saved me psychologically from all the disturbances at home). A greater part of the story is that I came from a relatively poor educational system.

With the current discussions on how education can be improved, I am aware that I came from a culture without an interest in education. My mother was denied an education in Ireland and my father was not a high school graduate. No one talked about "issues", far less set goals or expectations about my future. No one listened to news on the radio.

My personal experience of finding out how "ignorant" I was compared to some of my contemporaries ignited a life-long push to insure that I would continually overcome any ignorance, including ignorance resulting from bias and poor information. I recall telling a bishop who was chastising me about the content of my sermons that my initial seminary education virtually caused me to commit intellectual suicide (by teaching what proved to be horrendous distortions of theology) and I would ensure that I would share only the best of what was available to parishioners. In order to get the best of what was available, it was clear to me that I had to keep learning because everything was subject to revision based on new knowledge.

Given the meager introduction to knowledge, I am at least ending my life feeling that I did my best to remedy by my younger years.

Fixing the Budget per Joseph Stiglitz

At times, there are economists who seem to make reality very clear, so clear that one wonders how anyone could disagree with their perspective. Somehow or other, Joseph Stiglitz seems to have the ability of zoning in on complexity to squeeze out simplicity.

In his recent column, he lists five areas which explain much of the deficit issue and lend themselves to corrective action to remedy the situation, a list that has been identified by others as well.

We could invest in our infrastructure and would get a great return (jobs, improved bridges, etc.) on our investment.

We could address the ridiculous size of the Pentagon budget that builds weapons for enemies that no longer exist and addresses problems that are outside the role of a military.

We could address the income inequality in our nation that even Chairman Bernanke mentioned on Sunday's "60 Minutes". This is complicated, but creating a fairer tax system would achieve a much more equitable distribution of wealth.

We could address the issues of corporate welfare that range from farm subsidies to other incentives that make no sense in a capitalist system that is intended to reward initiative and the free enterprise.

Finally, we could increase the taxes paid by the very rich people to help balance our national sense of equity.

It is hard to believe that his views would be endorsed by the majority. Yet we know that they aren't. It makes one wonder about our future.

Monday, December 6, 2010

Tax Bill

I clearly am upset with the wimpy response of the President and fellow Democrats who will compromise over a major issue of fairness by accepting the tax cuts for the rich. Unless a stand is taken, there is virtually no hope in the future when there will be a Republican majority in the House and more Republicans in the Senate.

I just sent to our Senators and my congressional representative the following message:

I STRONGLY oppose cutting taxes for those with more than $1 million ($250,000 in current debate) to the point that I hope that you will oppose any compromise even if all Bush tax cuts are eliminated. I would want to start from scratch and create a new tax bill in 2011.

Saturday, December 4, 2010

History of Liberalism in the United States

There is no doubt about the fact that I am a liberal. I realize that our nation was built, however, on the principles of personal liberty and capitalism. It is sort of a national religion that there can be no violation of these principles even if they may be counterproductive to many. It somewhat explains why so many support conservative politicians who support policies that are not relevant to their personal well-being.

Emmet Tyrell provides a helpful overview of the history of liberalism in this country. It is noteworthy that it captures well the inherent resistance to any form of "socialism". Even the policies advocated by the original Obama, i.e., the one before election, cannot be considered a threat to the dictates of individualism, albeit, they would have ameliorated some of the unfairness associated with capitalism.

It is now clear that there is no hope that I will live long enough to see my expectations of a second FDR. I was hoping that there would be universal healthcare provided with a single card, e.g., Medicare, that would extract the profit motive from health care. I was hoping that we would see a restoration of safe banking, i.e., the separation of investment banking from commercial banking. I was hoping that we would see increased transparency in government which the elected Obama seems to have forgotten about.

So, I have to learn to live with reality, knowing that I am personally secure while others have to deal with the ravages of capitalism run amok (slight exaggeration; I still enjoy living in this nation, but wished that it could adopt policies that ultimately provided the security of accessing health and education for all)!

Friday, December 3, 2010

A Very Sober Story!

I am only one of many who have bemoaned our military's sorry involvement in Iraq and Afghanistan. If the military involvement could possibly be viewed as making those nations better for our presence, it would be one thing. As it is, there is no index that indicates any real success. Iraq continues to be very unstable, violent, religiously intolerant, politically corrupt. Nothing positive is seen in Afghanistan. Even some of the more "friendly" and "dedicated" Afghanistan military turn on us!

Robert Kaplan is a person that I read to be sure that I am aware of "the other side". He is one person who generally is very supportive of our military's engagements in Iraq and Afghanistan. However, in today's column, he presents a honest and very sober picture of the personal ravages of war as experienced by the military themselves and their families. The article may not represent new information, but it eloquently presents the terrible results of war. Coming from him, the words have even more significance.

Mystery of my Relative Success!

I know so well my failures. I did not "make it" as a priest. I failed to successfully get my doctoral dissertation accepted. I failed to become a hospital director.

I now view all these disasters from the perspective that I did relatively well, "given my limitations".

I never was able to "adapt" to reality. I always thought that people would "see" the truth if it was explained to them. I now realize that if I belonged to a more "democratic church", one that I support in theory, I would never be selected as a pastor. There would be so many that would oppose my views and I would not demonstrate the ability to waltz with the singers. I tried maneuvering through the Berkeley Graduate Theological Union to transition from the clergy to become a psychologist. It was not viewed positively by those on my committee and I had not learned how to deal with the political dynamics involved in graduate education. Within the hospital system, I continue to voice objections to policies that brought out some tension between me and those in power.

Given all that, it is a wonder that I actually was employed for nearly 35 years, that I was somewhat productive, even if I often laughingly thought that most people who noted my e-mail messages etc. would simply hit the "delete button". I know that I am no where near the parent that my wife is, but somehow or other, I did not hamper her success with our children.

When it is all said and done, given the limitations, I did o.k.

Wonders of Something New

When you are old, you sort of rivet on those "changes" that speak to the fact that you remain human. I am still a person that is focused on "schedules": I tend to go to bed at the same time, eat the same stuff, exercise with the same routine, read.

Everyone once in a while, I change! Wow!

During the summer, I added to my routine my adding swimming each day. It is so accessible. What is easier than walking across the street. Since then, I have maintained that routine for all the days that I have been here (went to New Orleans for Thanksgiving). When the surf is up, I use the boogie board; otherwise, I am swimming about 300 yards (three football fields).

And now that my wife has pointed out my slouching posture, I am adding Yoga! I am just starting with positions designed to improve posture. It will probably add the better part of an additional half-hour to my day, but I am sort of enjoying these changes. I would like to think that it is a sign that I am human.

President Obama's Downfall

I try to keep an open mind on decisions made by the President. I wanted so much for him to succeed with his agenda. I wanted him to be the next FDR, the next president who really made a difference in the structure of our nation.

Unfortunately, he continues to disappoint. In reading Paul Krugman this morning, I cannot come to any other conclusion than Krugman's. However bright he may be, he is misreading all sorts of the political realities, e.g., hoping for "compromise", electoral realities, e.g., he is losing so many of his base that supported him so strongly.

At this point, there is no reason to think that he will change his approach that is essentially doomed.

I hope that I am wrong. I would love to live long enough so that I could report what a miserable person I have been to think that President Obama does not know what he is doing!

Friday, November 5, 2010

What Next?

Much has been written before and since the election that describes a disaster for progressive government. From the point of votes, it surely was a disaster. Unfortunately, progressive government has yet to be tested in our nation.

I don't consider the initiatives taken by President Obama and congress to be truly progressive. One may consider the legislation as more liberal than what would have been passed in a conservative Republican Congress. However, progressive it is not.

Our nation may never be capable of incorporating a progressive government. Our national ethos, generated from first day, is built on individualism. People genuinely consider that each person is the responsible agent for him/herself. Government should not intrude.

With this background, it is understandable that so many consider the Healthcare legislation as socialistic. From the vantage point of pure individualism, it does appear to be a drastic difference. However, measured against the features of a progressive government, e.g., Scandinavian countries, we have a long, long way to go.hisinto the immediate future, it is hard to see how the government will address our nation's economic problems. In fact, I know of no one that addresses the huge problem of no jobs for so many.

My problem is that there seems to be nothing that will generate the number of jobs commensurate with "full employment". Many of the more liberal economists, e.g., Krugman, discuss the fact that the "stimulus" was insufficient. It should have been twice as much! Let's say that we spent all sorts of money in addressing our infrastructure, creating all sorts of construction jobs and jobs related to the construction industry. Surely, this would be a great increase in available dollars for consumption. I am sure that our current unemployment rate would decrease. But, what would that do for the likes of Newton, IA, featured in a recent "60 Minutes" edition? This vast nation is segmented between coasts which are relatively strong economically, and the vast midlands that have historically been our farmlands and industrial manufacturers. Addressing our infrastructure will not filter into the midlands of America.

I have no idea how we are going to get America employed. And I have seen no one else that seems to have an answer.

Friday, October 29, 2010

Upcoming Election

It is hard to avoid depression when contemplating the current political environment. The ability to consider alternatives no longer is acceptable. Extremes become the norm. In fact, I am one of those whose views could be considered extreme. However, I am willing to consider alternatives and would support changes.

Consider:
1. Health Care
While I am a proponent of a system based on universal card, as in Medicare, I would also adopt some rather different alternatives, e.g., Senator Wyden (OR) proposed legislation that would eliminate tax deducted health care policies. Everyone would get $X (more for lower incomes) and then, people would access any plan they want. The idea is to make people think twice regarding the costs of their care. Another alternative was the idea that people would buy catastrophic health care insurance, as with autos, but "routine care" would be paid out of pocket (with subsidies to the low income). In this way, not only will cost-conscious decisions be made, but there would be a "capitalistic" decline in the cost of care since people would not pay too much for procedures etc. Medicine is the only area where more costs more, usually, the more of something, e.g., MRI, the costs would decline.
2. Social Security
While I am in favor of increasing the ceiling of people paying into Social Security, I realize that there is a problem. I am in favor of a ceiling for payments, i.e., for those with an annual income greater than X would only get Y percentage of payments and this thinking would be progressive some that those with great income/wealth, would get no Social Security, even though they paid into the system.
However, I think that those wanting to raise the ages of recipients have a point, as long as there are provisions to handle those who jobs are hard on the body, e.g., construction. While it is true that we live longer, it is quite different for those at desk jobs than working at jobs demanding the use of one's body. I would also consider a system that could be considered "privatizing", i.e., I would not mind having social security monies pooled and invested in conservative ways that secure the funds rather than our current system that essentially requires the young to pay for the old.
3. Medicare
As stated above, I am in favor of a universal card system. At the same time, I am open to all sorts of ways for controlling costs. While recommending the systems used in France and Germany, I would be open to any system that will establish cost controls. At the moment, our profit-motive system has no brakes!

Monday, September 20, 2010

Get Back into the Swing of Things!

It has been a busy summer in its own way. Such great things with family; some sad things with friends. It is always a challenge to swing from the pleasure of being with grandchildren (and their parents!) with news that a very close friend has an incurable cancer. And yet, we try to focus on the moment, allowing ourselves pleasure one moment, and then later, sadness.

In the midst of it all, I have been able to maintain much of my reading agenda. In general, I am distressed by the situation that President Obama has created for himself. No one does a better job of depicting the crisis than Robert Kuttner. In "Presidency in Peril", he covers the decisions made in the selection of administrative positions, e.g., economic team, to his support or lack of support for legislation that impacts our nation, e.g., health care.

In general, we have a situation that has not only jeopardizes his hold on the presidency (in itself, no big thing), but the important initiatives at stake. For all the time spent on the health care bill, the nation ends up with a very poor program that begs for immediate reform. Unfortunately, the "reform" could be initiated by the Republicans who are out to destroy as much of the legislation as possible. And if not destroy, they surely will try to minimize the impact of the legislation. We had a financial reform bill that really leaves so many loop holds that the underlying risks remain as strong as ever. We still have Guantanamo and gays are still not accepted by the military.

What we have seen is a president who promised change but adopted the minimalistic approach so often noted in the history of presidential politics. We expected a difference but we got more of the same. It is a major disappointment.

I can only hope that he will try to remedy the situation by a dramatic change of personnel and leadership. However, it does not seem that he is capable of such a dramatic change.

A Summer like No Other!

Summers may come and go,

This one came and stayed!

What a treat with family,

Time with all and then,

Time alone with little ones.

Awed by these children,

Loved at home and away.

Never a moment to fear,

In the midst of so much joy.

Days were filled with moments

That slipped effortlessly

Between this and that,

Sprinkling flowers, Feeding ducks,

Digging sand, Playing in water.

No grandiose events,

Just ordinary child stuff,

Making grandparents happy,

Because they were simply here.

Wednesday, August 4, 2010

The Big C

Christopher Hitchens is not one of those persons that I would want to emulate. While I appreciate his learning and ability to include so many "erudite" references to many authors and their literature, I am turned off by his arrogance that is shamelessly displayed when he is discussing issues. His views, in themselves, are quite consistent with my views. Yet, I wish that he came across with less disdain of his debaters.

Having said this, I was thoroughly awed by his article depicting the history and current state of his esophageal cancer. His eloquence in capturing his ordeal is breathtaking in its honesty and humor. His honesty with the Big C is a testimony to a side of him that I have not seen. Cancer has made him more human!

Wednesday, July 28, 2010

"Lords of Finance: by Liaquat Adamed

Reading about the current problems associated with the financial state of the United States and Europe is both interesting and challenging. As much as I try to understand, the complexity of the material is beyond my ability. If I think that I understand one aspect of what is happening, I soon find out that I really didn't.

"Lords of Finance" is surely a book worth reading, albeit not easily. While I link one review for anyone's reading, I share my observations.

While the issue of the gold standard is no longer relevant as it was during the period under study (1920-1944), the other issues of addressing the value of one's own currency as it impacted the currencies of other nations and vice-versa remains perennially pertinent. The balance between the need for liquidity and credit within one's own nation can never be isolated from what is happening elsewhere. The author's ability to capture the ever changing landscape of international finance following WWI through 1944 is singularly insightful and clear, given the inherent difficulty in understanding the underlying transactions occurring within and between nations.

In short, I may not be any smarter, but I am more aware of the problems in maintaining an appropriate balance among all the factors included in monetary policies.

Tuesday, July 20, 2010

"Future of Faith" by Harvey Cox

The "Future of Faith" is a timely book that catches the thrust of many changes occurring within Christianity (and other religions) during the last 20+ years. In essence, people are caring less about the belief system (set of doctrines) and are satisfied with a faith that is more focused on attitudes of trust and hope.

Even in the news, we read that the level of people committed to "spirituality" far exceeds those indicating the critical importance of adhering the specific doctrines. People now realize that many "essential" doctrines no longer are meaningful, even if they were true.

It is of interest that only Christianity and the more orthodox forms of Judaism focus at all on beliefs. HInduism, Buddhism, and Muslim are void of a list of beliefs.

It is also true that c'est la vie! Who cares? except for the fact that some within each of these religions use their beliefs to kill and maim others. Were religions to be a source of peace and brotherhood, no one would care what a person believes and doesn't believe. Unfortunately, the evidence is strikingly otherwise!

Monday, July 19, 2010

"Chasing Goldman Sachs" by Suzanne McGee

I have read many books and articles addressing various aspects of the financial meltdown. I thought that there could not be much more to be said of substance. As it turns out, the statement was blown away with "Chasing Goldman Sachs" by Suzanne McGee. She adds a great deal to the knowledge base of the financial disaster.

The jest of her detailed analysis is that the "problems" started when a decision was made in the 70's to discard the traditional model of standard fees for stock transactions. With that, the traditional source of revenue ceased with discount traders etc. To gain revenue, many changes were initiated. In particular, the traditional investment model of private investors as the "owners" of trading houses was changed when the investment banks went public. No longer were the "private funds" of the partners at stake. And, also, the new need to raise return of investments to the shareholders. When that happened, then comparisons were made regularly. Goldman Sachs was the head honcho and everyone was structured to "beat" Goldman, regardless of the risk. The rest of it sort of becomes history. But, it is amazing to think that it all started with such a relatively "innocent" change in the fees associated with trades.

While recognizing the need for more regulations, she knows that no set of regulations will cure the inherent problems associated with the financial industry. Her ultimate solution to the multiple layers of problems seems to be overwhelmingly simplistic, viz., "to behave in the interests of all their stakeholders ...."

"The solution is to start thinking of and treating Wall Street as the utility that it really is.... It requires that everyone from within those regulatory bodies to the most junior bankers and traders to understand in their bones that Wall Street is there not to enrich them but to serve its users".

I would be the last person in the world to disagree with the intent of her solution. However, how to generate that type of internal ethic is a huge question. Since my son-in-law is an expert in the field, I requested that he determine the best method of communicating this transformation of people in the financial industry so that they will have more appropriate standards of achievement than just money. It is one of the side benefits of having a daughter marry someone with this ability.

Saturday, July 17, 2010

Critical Importance of Elizabeth Warren's Selection as Director of Consumer Agency

I recently posted my message to the President regarding the importance of selecting Elizabeth Warren as the Director of the new Financial Consumer Agency. Today, Simon Johnson raised the ante by indicating that if she is not selected, this will represent the "last straw" for this administration.

I think that he is right in terms of those who were his liberal supporters. We have seen enough of his political calculations which may, in fact, pay off with his re-election. But, he surely will not represent the leader that we wanted!

On 19 July, a very well constructed column supporting this decision was written by John Talbott. I did not realize the fear that Elizabeth Warren strikes in the hearts of both Wall Street and the administration who have bent over backwards to support Wall Street.

Critical Importance of Elizabeth

Thursday, July 15, 2010

Promotion of Elizabeth Warren to head the Consumer Protection Agency

I just sent the following to the President:

I, with many others, truly appreciate your presence, even if I wish that you would side more with a much more progressive approach to policy issues, as you led us to believe you would do during the campaign.

Surely, I will be MOST disheartened if Elizabeth Warren is NOT selected to head the Consumer Protection Agency established by the new Financial Reform legislation (which did not go far enough from my point of view).

As one can gather, I am a great supporter of Elizabeth Warren (and the other women who have done some remarkable accomplishments during this terrible fiscal ordeal, e.g. Sheila Bair). Given her leadership on the issue of consumer protection, it would be fool hearty to think of someone to head this new agency.

Thursday, July 8, 2010

"Contempt" for Obama

I have expressed concern that President Obama is not carrying through on his promises for change, not just change in specifics, but change in the underlying thrust of government, e.g., transparency, rule of law (especially as related to human rights of all, including those in military prisons and other related anti-terrorist measures). I have been against his continuing the war in Afghanistan, albeit I have tried to understand and support his position.

Never until today would I have thought to use the word "contempt" in reference to President Obama, considering the person who preceded him in office. Yet, I have been challenged by Andrew Bacevich to asked the question who was more contemptible, President Bush who "believed" that he was right (but clearly wrong) or President Obama who knows he is wrong but pursues a policy that inflicts death and destruction and the loss of precious resources.

Wow!

I clearly have to come down hard against President Obama!

Andrew Bacevich

I shared my appreciation to Dr. Bacevich today.


Dr. Bacevich

I wish to express my deepest appreciation for everything you write and say. You are both thoughtful and articulate. Lacking any arrogance, your insights are even more overwhelming. I cannot understand why those in the current (past) administration cannot see the wisdom of your views, as expressed today (http://www.tnr.com/blog/foreign-policy/76091/non-believer).

I write a blog (edwardjoseph.blogspot.com) that is intended for my grandchildren who are young enough that I fear that I will not live long enough to have an "adult" conversation where they would understand my views. They at least will be able to read them. In my blog I have many entries regarding your writings in books and columns. As I say, I am overwhelmed by your insights, expressed ever so gently. I admit to more anger when decisions are made that are stupid, especially when they cause death and ruin.

As a personal insight, I used to be a parish priest in your Walpole parish (1966-1969). I got into a lot of problems because of my views, e.g., my total opposition to the Vietnam War (one that you know so well). As with civil rights issues, the Vietnam War was as clear as violation of all standards to morality as was racial discrimination. I had more problems with the Church. When the pope (Paul) issued his encyclical, Humanae Vitae, which continued the historical position against birth control, I opposed the pope at the Sunday liturgy. While I may have been articulate, I lacked your peaceful demeanor. You have so many reasons for anger, including suffering the death of your son in a war you opposed, and yet, you come across as such a peaceful, reasonable man that I am in awe of you.

In closing, I am most grateful to you and hope that there will be many more years of your contributions to the national debates over issues involving our military.

Edward Toomey
45 Glades Road
Scituate, MA 02066


Dr. Bacevich responded (most don't respond to my messages!)

Dear Edward (if I may),

This is tremendously kind. Thank you.

Things are going relatively well these days at St. Timothy's. Father Culloty is a remarkable pastor, although deeply upset by the never-ending scandals.

Best wishes,

Andrew Bacevich

Sunday, July 4, 2010

Mother Earth: Ours to Destroy!

I thought that Naomi Klein's book, "The Shock Doctrine", was masterful. Her writing was clear and logical. Her article on the catastrophe in the Gulf is similarly well written with a perspective that emphasizes our indebtedness to creation and our obligation to take care of it.

It is not hard to recognize how generations have plundered the earth for its goods regardless of the cost to the environment. We have not taught our children well since there is little urgency coming from their voices. Whenever the voices become urgent, there is reason to fear the outcome.

Economy is a Disaster! but not this much!

Discussions within our family and our financial advisor results often in various viewpoints. In general, I have been on a negative perspective that sees our economy, at best, doing badly, with the DOW at, below, or just above 10,000. I could see DOW at much worse, e.g., in the 8,000-9,000 range. However, my pessimism is really nothing compared to Robert Prechter who forecasts the worse depression ever, with the DOW reaching about 1,000! Were he right, we would be living in world so devastating that it will be really a trick to survive. In spare time, it will be interesting to speculate what it would be like to live with the value of all assets virtually worthless.

Friday, July 2, 2010

Jobs

Andy Grove surely is a person who is equipped to critique the destruction of US jobs in the major areas of technology and energy. He accomplished much in the creation of Intel which became a major source of jobs throughout the last 30 years.

He cites his concerns about how advanced technology created in the country produces most of their jobs in other nations, especially China. He objects strongly that we have to change our business model if we are to produce needed jobs as well as strengthening the technology skills needed for further gains.

Sunday, June 27, 2010

Negative Impact of a Long War on the Military

Ever so insightful, Andrew Bacevich has now zoned in on the negative results of a long war, as is the case in Iraq and Afghanistan) on the military. In prior writings and interviews, he has stressed that our nation suffers by having a military that is divorced from the general public. As he states, President Obama says that "our nation is at war", but it is delusion. The "nation" lives with no day-to-day relation with the war.

He now focuses on the negative impact on a standing military that is divorced from the general civilian population. They tend to lose respect for civilian opinion and look toward their leaders as the ones that need to be followed. Eliot Cohen, in another column, notes the same reality.

In the case of a "long war", this is a recipe for disaster. The military tend to view public and political opinion as even less worthy of their respect.

This is a disastrous situation!

Saturday, June 26, 2010

Economic Issues regarding China

China remains a concern to the United States and the world, in general. So much is happening so fast with an authoritarian capitalistic system that it is hard not to be concerned about its impact.

My concerns were centered on the amount of American debt they have purchased, the lack of a consumer-oriented economy, and the need to maintain stability in their society to avoid some form of political chaos.

Robert Reich had captured my concerns and more. His blog is worth reading. He lists multiple reasons why the Chinese save so much compared to other nations. He enforces the well-known idea that China is interested in a free market economy since they are committed to dominating it. National concerns regarding the value of their currency is relatively a low priority for them.

Afghanistan: a Problem Bigger than Gen. Petraeus

Once again, Andrew Bacevich responds to the President's commitment to continue the "mission" in Afghanistan with insightful remarks about the inherent delusions associated with the strategies promoted by Generals McCrystal and Petraeus.

I have yet to object to any of Bacevich's observations. He is on target regarding the flaws of the mission. As I do, he views the jiadists of all stripes as criminals, subject to international police action.

Transmission to Senate & House Banking/Financial Committees



Given the problems obtaining any type of consensus in Congress, I wish to express my appreciation for the positive aspects of the bill now going for a final vote. I am not thoroughly happy, however, for the following reasons:
1. Failure to address "too Big to Fail" Banks adequately. There should have been a limit of assets that any bank could hold.
2. Failure to insure that all derivatives would be publicly transparent and that Banks would be prohibited from any such trading with their bank money.
3. Failure to include auto dealers under the rubrics of the new Consumer Protection Agency.
4. Fannie Mae & Freddie Mac should have been addressed more forthrightly.
5. I wish that there would have been a tax on all financial transactions to achieve revenue while promoting some caution.

Having said all of this, I applaud what was accomplished.

"FreeFall" by Joseph Stiglitz

There has been so much written about the financial disaster of 2008 that it is hard to find something new. Since Joseph Stiglitz is so prolific, this book somewhat repeats what he has said elsewhere.

In general, he distinguishes himself from other writers by focusing on root causes rather than blaming individuals or sectors of the financial industry.

What I specifically note about entire body of writings is a focus on the common good and the inherent necessity of regulations to offset the inherent overreach of capitalism. What I find interesting is that this is not very common. For reasons unclear to me, focusing on the common good rather than individual gains and rights has been discarded by many. They do not realize the individual often loses so much by not focusing on the common good. For all those who profited big time during this financial disaster, the vast majority of "individuals" suffered. Even from a self-interest perspective, each one will most likely do better if the common good is the priority.

Friday, June 4, 2010

Facts make a Difference (Sometimes)

Paul Krugman has a major conflict with some of those in the "Chicago School" which concluded that the fiscal problems resulting from toxic mortgages were due to the social dimensions of congressional legislation that promoted home ownership for more and more people.

The facts and data included in Krugman's blog would be hard to refute. In short, the legislation that enabled more types of organizations to issue mortgages was much more of a problem. The lack of regulations in the mortgage industry was key to the meltdown.

Thoughtful Big Picture!

Andrew Bacevich once again has articulated a very thoughtful overview of our nation's priorities, albeit often misplaced. There are so many burning issues impacting our nation and an attempt to address them all as though we have endless resources is, as he says, "stupid". One cannot help but agree.

The most difficult issue to address is the military. It is recognized as an important method for stabilizing many areas of conflict and potential conflict. At the same time, dependency on our nation to address all problems has resulted in strategies that are counterproductive. We are assuming a role that distorts all other priorities and, often in the process, we lose our national soul.

Wednesday, June 2, 2010

"The End of the Free Market' by Ian Bremmer

Ian Bremmer has written a great book on the current state of international economics and trade. “The End of the Free Market” is by no means a dire forecast that the capitalistic model is going to be supplanted by state capitalism. In spite of the many great achievements of China, Russia, and other nations that are more directly involved in the capitalistic structure than our free market economy, the author forecasts that our model will ultimately prevail and state capitalism will confront serious problems in the future that will more than test its ability to survive.

I have been intrigued with the success of state controlled capitalism, especially China. I am somewhat empathetic with their desire to control the expansion of democracy to avoid anarchy. Few nations, if any, have transitioned from dictatorship with democracy without chaos to some degree. China's success, thus far, has been remarkable. Granted, I share the author's concern for the future when the demand for more jobs and greater income face the limitations of a state controlled economy, albeit one that promotes free trade and a market driven economy.

The author and I agree that there is no free market can operate successfully without regulations, but he surely supports those that support a sound economy rather than emphasize restraints.

Thursday, May 27, 2010

What an Indictment!

There has been so much negative press regarding the Catholic Church that one is careful not to "pile it on"! However, Nicholas Kristof's column captures the poignancy of the Church's approach to clerical sex abuse and the excommunication of a sister who is a Vice-President of a hospital in Arizona who authorized an abortion to save the life of the mother. The bishop determined that he had no choice. When it came to priests' abusing victims, especially minors, bishops apparently were less clear about what was the appropriate action!!!

Friday, May 14, 2010

"End of Poverty?"

There is little doubt that my views of economics could be described as being more socialistic than capitalistic, i.e., I promote an economy that focuses on the well-being of all versus one that promotes the greed of some at the expense of most.

The documentary, "End of Poverty?" surely supports my views. I would encourage anyone interested in seeing the downside of capitalism that allowed the "north" to grow at the expense of the "south".

Essentially, my problems arise from the historical record that capitalism creates its wealth at the expense of the poor (nations and people). Colonialism clearly exploited national resources and people, leaving the host nations at a disadvantage. But, we continue to do the same thing now through the World Bank and IMF, as well as international treaties. In his book, Economic Hitman, John Perkins (who was an economic hitman) reported how nations create debt for poor nations that can never be paid off, e.g., selling them on the need for a dam costing millions that actually go the corporations of the lender, e.g., Halliburton, which uses its own people primarily to build the dam and, often, end up having the native people pay for it all without a means of generating payments for the debt. We should be helping the poor nations build their own infrastructure with their own people, generating their own money, etc. The conditions for accepting IMF funding are generally such that it is impossible to pay off the loan with causing a civil war, e.g., the only way Greece can off its new debt is my reducing costs, but reducing this amount of costs is counterproductive since it reducing the ability to generate profits.

The capitalist model that seeks to generate wealth for me without consideration of the other's needs is immoral and will ultimately prove to be counterproductive, i.e., it is only a matter of time before great international and civil conflicts will occur secondary to the anger generated by the injustices.

A synopsis of the film follows:

Global poverty did not just happen. It began with military conquest, slavery and colonization that resulted in the seizure of land, minerals and forced labor. Today, the problem persists because of unfair debt, trade and tax policies -- in other words, wealthy countries taking advantage of poor, developing countries.

Renowned actor and activist, Martin Sheen, narrates The End of Poverty?, a feature-length documentary directed by award-winning director, Philippe Diaz, which explains how today's financial crisis is a direct consequence of these unchallenged policies that have lasted centuries. Consider that 20% of the planet's population uses 80% of its resources and consumes 30% more than the planet can regenerate. At this rate, to maintain our lifestyle means more and more people will sink below the poverty line.

Filmed in the slums of Africa and the barrios of Latin America, The End of Poverty? features expert insights from: Nobel prize winners in Economics, Amartya Sen and Joseph Stiglitz; acclaimed authors Susan George, Eric Toussaint, John Perkins, Chalmers Johnson; university professors William Easterly and Michael Watts; government ministers such as Bolivia's Vice President Alvaro Garcia Linera and the leaders of social movements in Brazil, Venezuela, Kenya and Tanzania . It is produced by Cinema Libre Studio in collaboration with the Robert Schalkenbach Foundation.

Can we really end poverty within our current economic system? Think again.


Thursday, May 13, 2010

Intriguing Counter-Response to Concerns about US Deficit

There is so much coverage of our national (without including personal) debt that it is hard to do anything but nod in agreement. We have to reduce government costs and increase revenue through some form of increase taxation. It is hard to disagree with the end result except to argue over what to reduce and how much and what taxes to increase and how much.

James Gralbraith has written often about economic issues and in his recent interview, he reiterates that the US has no deficit "problem". Admittedly, I find each sentence understandable, but putting his thoughts together into a coherent whole is most difficult. Essentially, I understand that as debt rises, interest rates rise. As interest rates rise, inflation increases. As inflation increases, debt decreases.

He wants us to focus on increasing jobs that address our national needs, e.g., infrastructure and energy renewal.


Wednesday, May 12, 2010

Fantastic, if Scary,Insight~

I have been pessimistic about the national and international economies. My problem was an inability to figure out how more jobs could be created. In the past, I could see where recessions were followed by upsurges in employment because people needed to replenish their "stuff". However, now, I could not see that happening. We can operate cars longer because they are better and more costly, for sure. But, we can get along with what we have. Similar improvement in quality insures that our investment in televisions etc. will last longer. And I could not see another market coming on line that would take the place of the auto industry etc. I know that some see green technologies as the new savior to the needs for increased employment. However, I don't. There will be more jobs, but many of them will be at relatively low pay.

Whatever reasons for my pessimism have been shunted aside by an article that speaks to be essential problem of excess production without a commensurate market. In other words, the world produces more steel etc. than can be used profitably. If true, there is no end to this problem since the technologies will always be capable to increasing production quicker than demand. As the population increases, our problems will only get worse since there will be more people who are being marginalized. And with marginalization comes political instability.

Wow!

Sunday, May 9, 2010

"True Wisdom comes at a Great Cost. Only Ignorance is Free"

In such a short time frame, I started a book with a wonderful Taoist Proverb, "True Wisdom comes at a Great Cost. Only Ignorance is Free". Based on my own journey, I am convinced that ignorance is relatively easy to come by. I am forever working to overcome lacunae of ignorance that only shows up when I find out how wrong I have been. Moreover, I am convinced that the worse outcomes of ignorance at the decisions that issue from the ignorance. What a horrible fate!

Life is short enough, even when lived a relatively long time. We cannot avoid relative ignorance in some areas of life, but we can work to insure that our decisions are based on accurate knowledge. What is "accurate knowledge" is the nub of the problem. We never have deep awareness of some of our ignorance either because we don't see the error (most people have a default position that their knowledge is accurate) or we are simply unaware of aspects of reality. We just don't know and yet, decisions can be made.

It takes work, steady, ongoing work, to develop wisdom. It is a goal that often eludes the best of us. We just keep trying. Never give up.

Wednesday, May 5, 2010

"How Wonderful it is ..."

I just started reading a novel and I always read the preface page with some words that range from the sentimental to the trite. However, I was really touched by the quote of Anne Frank, "How wonderful it is that nobody need wait a single moment before starting to improve the world".

My days of idealism have perished with time, but I do recall living with the idea that I could make a difference and, in fact, was essentially obliged to do so. I had great dreams that the world would be so much better if we could only harness the good will of so many great people. At this point in my life, I fully realize that I will die with the realization that my generation could well have made matters worse!

Monday, May 3, 2010

The Catholic Church Problem!

Since so much has been made of clergy sex abuse and its etiology, it is important to assign blame in some priority order. Such a problem is complex, but surely we can agree with the opinion of the National Catholic Reporter that the crux of the problem is the hierarchy (priests, bishops, pope). Some of them may have been involved directly in the problem, but the problem would never have been so extensive if those in positions of power exercised their responsibilities to prevent harm to victims. The hierarchy was invented to conform with the government of the Roman Empire and that structure has existed for too, too long. The sooner that it collapses, the sooner one can hope that the Catholic Church will function, as an institution, more in line with the teachings of Jesus.

Sunday, May 2, 2010

A Positive View of the Catholic Church

Nicholas Kristof presents a needed reminder that the Catholic Church is not synonymous with the evident problems associated with clergy sex abuse. There are many, many valiant people (priests, religious women and laity) who do tremendous work for people in terrible circumstances. They do work that epitomizes the message presented by Jesus. It surely is important not to lose perspective when there is so much good being done.

However, at this point in my life, I am aware that there are tons of people doing comparable valiant work without being identified with a religion. Religion, including Christianity, has produced much good, but also much evil, not the least of which is hatred of those outside the religious body. It is hard to praise the good without sanctioning the evil. I do not think that the good balances the evil.

I am aware that religion is not going to die. So many need it and want it for so many reasons. At the same time, each person has to look at the scene from a personal perspective. At this point in my life, I see so much evil resulting from religion.

Friday, April 30, 2010

Financial Reform

I just finished sending messages to many senators, mostly Republicans with whom I disagree with about everything. The message was simple:

I strongly support initiatives to (1) split investment banks from commercial banks, (2) limit size of banks to $100Billion assets, (3) create independent consumer agency, (4) make derivatives subject to an open exchange so their transactions are transparent, and (5) tax financial transactions.

Sunday, April 25, 2010

"Capitalism: A Love Story" by Michael Moore

I always considered myself more or less a socialist. Once in my past, my views were driven by my understanding of the teachings of Christianity. In more recent history, my convictions were based on simple fairness. It did not seem right that so few had so much and so many, so little. Something was wrong with our economic system. Why was it that Europe with principles of socialism built into its economy had as productive an economy as ours with so much more security for people: education, health, child care were part of the social fabric supported by the government? Why was it that the Scandinavian nations were even more productive than we and supported such great socialist values that no one was poor?

And then, over recent years, we read constantly about the problems created by our financial industry at their gain!

While it will be virtually impossible to change the basic structures of our capitalism system, surely every effort should be made to address the problems that confront so many.

Hopefully, Congress will agree to legislation that will establish strong regulations over their industry.

Michael Moore's film surely was a great film for those who have insight to the tragic pitfalls of our system of capitalism.

Saturday, April 17, 2010

Truth is Weirder than Fiction!

I am still learning about the famous C.D.O.s and the synthetic C.D.O.s (only referenced specific derivatives). It still seems spooky that there could be "investments" made without any specific collateral to back up the deal. It was a way to make money and surely, many did! But also, many lost big time!

In an article today, Joe Nocera makes clear that "our" fiscal nightmare would have never been so extreme if there were no synthetic C.D.O.s or Credit Default Swaps. At the same time, it is truly amazing that people, as Joe describes, could sit at a supper table and talk about their different conclusions about the worth of these swaps. One person thanking the other for "helping" him to gain more leverage in their strategy, knowing full well that only one of them would "win".


Saturday, April 10, 2010

Avoiding a Greenhouse Disaster!

Arguments about methods of control greenhouse emissions have been circulating for years. There is no consensus on anything, including the mere fact of our growing ecological disaster. The arguments about the fact that there is a problem are less contentious than what should be done about it.

As usual, I treasure the insights of Paul Krugman. He came to the forefront with a long analysis of the problem including his own preferences for a solution. In general, he emphasizes the need to introduce some external cause to limit emissions because the problems will only increase without any interventions. Of all the possible interventions, he supports a major carbon tax upfront which would be have the largest impact in making changes in the world's economy and peoples' behavior.

Friday, April 9, 2010

One Proposal for the Catholic Church

Andrew Bacevich is one of my loved authors. I have treasured his approach to foreign affairs, especially the use of military power, or rather, its misuse! (His interview with Bill Moyers on 9 April 2010 is extraordinarily good and very consistent with his past views). At any rate, he now ventures into the world of the Roman Church. In today's article, he concludes that (1) the hierarchy has lost all credibility, and (2) the only hope for the Church is to have its enlightened laity lead the way.

While I have no doubt that there was many lay people who are well-educated in theology and spirituality, I do not think that this is an "answer" to the problem of credibility that I agree is present in the hierarchy.

At best, this would lead to a plethora of voices, essentially no different than the many voices citing their ideas within the world of religion. No one disputes that people can receive "truth" and spirituality in various places. At the same time, it is hard not to see how much of what it heard is garbage. Without a credible hierarchy, there is no Roman Church. And yet, without a credible hierachy, there is disaster.

There is a conundrum.

I personally have concluded that religion, any religion, is inherently a problem. I have no personal interest in the survival of the Roman Church. However, I do not think that it can survive with any thread of continuity without a credible hierarchy. And I do not see the hierarchy reforming itself in any meaningful way. Thus, I can only conclude that it is on the road to disaster. C'est La Vie!

Wednesday, April 7, 2010

Trauma 101!

There should be some regulations about grandparents caring for grandchildren! I clearly flunked a major task associated with child care, viz., keeping track of both children.

Here I was trying to manage Mika and Emi. It was a beautiful warm day. Mika clearly was interested in her own activities on her schedule. When I wanted them to eat, she didn't. No big thing, I say. So, I fed Emi and tried to keep in touch with Mika who continued to enjoyed the outside court yard. I would go back and forth checking on her. Eventually, she came in and ate.

After a little Sesame Street, it was time for baths. Emi was enthusiastic about it, but Mika was not at the moment. No big thing. She continued to occupy herself downstairs. Every once in a while, I would check verbally. And then, nothing!

Wow! I went from one floor to the next, crying out, "Mika Louise". But nothing. I checked the down stairs bathroom, the upstairs bedrooms, with "Mika Louise". But nothing. I then checked the courtyard and the back area. But nothing! And then, panic!

I involved the local police, fearing somehow that she got out to the court yard and decided to take a walk. I recalled my parents relating the horrendous ordeal of my aunt who was caring for me after our move to a new house when I was two. I was missing only to be found walking the entire two miles to my older home with a hammer in the hands. No one could figure out how I did it when the many streets to be crossed etc.

The local police responded promptly and to my chagrin, they walked with me into the house only to find Mika walking calmly down the stairs. She never even questioned why these people were present!

The bottom line is that I flunked a major test of child care. I am always impressed how my wife handles both children, but I am aware that there are times when she will ask me to watch one while she attends to the other. It is tough business to care for little ones.

The experience was traumatic for all involved, including my daughter, son-in-law, and my wife. I surely will never be quite the same! Fortunately, it is only a story with a happy ending.

Thursday, April 1, 2010

Clergy Sex Abuse

Given the amount of media attention to the many problems associated with clergy sex abuse, I feel compelled to give my version of the mess.

First, it is important to set the context of my personal experience as a priest. We are talking about the period between Feb 1963 and June 1969. As a matter of fact, many priests ordained in the Boston diocese just prior to 1963 and within the period above were later reported to have committed sexual abuse of minors. I knew many of them. Never during the period when I was active as priest was I aware of any priest committing such acts. There never was a conversation in my presence indicating that another priest knew of such behavior.

Of more interest is the reason for such ignorance. The culture of silence was such that anyone who knew would never share the information. This culture was cultivated by our training, but also by the way deviancy of any sort was managed. In my experience, a common inference regarding a priest's transfer outside the routine time of ordination was that the priest must have had a problem with alcohol or possibly, was involved with an adult woman. However, never did someone share with me explicitly that this was the cause of the transfer. The culture of silence was so deep that it never occurred to me to ask questions.

It is of interest that the bishops of Boston were very concerned during this time with my behavior. Since my approach to the priesthood was considered radical, if not "revolutionary" as suggested by a letter to the bishop, I was a person in need of special attention. Not only was I brought to the bishop and other officials of the diocese about my sermons etc., I was transferred to a specific parish as a punishment designed to get me back on the right path. Considering my more recent knowledge of priests at my time being involved in the sex abuse problem, you would have thought that the hierarchy would have had much more important issues to deal with than my sermons!

During the latter part of my career as a priest, I was called by the head of Catholic Charities who asked me to get a graduate degree in social work for the purpose of working with clergy with behavioral problems (I assumed that he was referencing alcoholism). I said that I was not interested. I saw priests who were functioning in roles commonly performed by laity as a betrayal of the reason for becoming a priest in the first place. However, it has often occurred to me what would I have done IF I did work with priests who has sexually abused minors.

Given what has been reported in recent years, one would wonder if there would be any question that such priests would have been reported to the civil authorities and their counseling would have been directed towards addressing their behaviors with the knowledge that they would have been prevented from ever returning to the ministry. However, given the culture, I cannot claim that I would have been any different than those who are now lambasted for their behavior of covering up the behavior and returning these priests to active ministry after treatment. The culture in which we lived was so strong and isolated from the "real" world that I cannot be sure what I would have done.

For sure, I am grateful that I left the priesthood when I did and that I never had to confront myself within the context of another priest who had committed sexual abuse of minors. I escaped the situation somewhat unwittingly. I left because my theology got me into problems. I am thankful that I do not have to live with the knowledge of somehow ever being complicit with these problems. I do not know how I would have acted. While I share the general indignation of virtually everyone regarding the bishops and others who somehow facilitated the repeated abuse by a system of denial and transfers, I cannot say that I would have done any differently if I was confronted with the same issues at that time.


New Voting Alignment

I have consistently been bothered by the growing economic disparities between those who "have" and those who "have not". The erosion of the middle class is potentially a devastating problem for any nation's survival. We need a middle class. Since 1980, there has been a steady decline in resources available to the middle class, without addressing the problems of the poor.

One interesting article noting the implications of this trend in terms of voting. In the Atlantic, an article referenced data suggesting that the population labeled, "have nots", is growing and their problems are far worse secondary to the nation's fiscal problems, e.g., more unemployment and dependency on government programs to survive. As a consequence, this population is now more favorable to government intervention and will more likely vote to support pro-government politicians. The Republicans could suffer consequences from this alignment.

Sunday, March 21, 2010

Education

It is so depressing when one tries to come up with ideas that will help our nation address problems impacting our educational system. I am hoping that President Obama's efforts will make a difference.

At any rate, it is comforting to read Thomas Friedman's column on the Intel Science Finalists. What was remarkable was (1) the vast majority were Asia, and (2) some of the school districts advertise for immigrants to come to their school district.

Wouldn't it be great if we could create an environment where children would consider education their number one objective!

Why I Love Living in Massachusetts!

I realize that Massachusetts is not the only place in the United States that I could live without fighting all the time! There are other states that I could survive in, but surely it would be difficult for me to live in states similar to Texas!

The latest fiasco of their decision regarding what should be included in the text books is unbelievable! When members of the committee will discount the universal endorsement of certain conclusions by EXPERTS, seemingly because they are experts, is mind-blowing! What would I do if I lived there!

The distinguished governor raised the issue of secession from the United States. From some points of view, they are so different that would conclude that they have already succeeded from the rational world!

Since people have the right to live where they want, I have be glad that I am permitted to live in this state that also makes my blood boil! We have corrupted public officials who no longer support their constituents but rather are controlled by their leaders with severe penalties for disagreement. We have financial problems. We have weather that is less than ideal. But, at least I have papers who fight for the right views and I can find people who agree with me (always a source of gratitude) on some things.

We often say that we have no control over our birth or our genes. We are thankful we live in the United States and I am personally thankful for living in Massachusetts!

Thursday, March 18, 2010

Support President Obama with Health Care Vote

Never have I felt as proud of Dennis Kucinich for his announced support for the health care bill.
My correspondence to him explains why I support his decision.

In the past, I have provided some funding for your campaign (albeit, not that much) because you are one of the few people in Congress who support views I can totally agree with. Granted, they are often nor politically palatable. Nevertheless, you are a great congressman, as noted by your pressing to have a debate on Afghanistan (that was disappointedly not covered much in the press). I too have shared your views on health care. i wanted a single payor system to get rid of the insurance companies. We were in agreement. Given that the bill under consideration does not meet my expectations, i could accept no bill rather than a bad bill that really only "promises" reform rather than demand reform. However, you displayed great wisdom in announcing your support of the bill, not because of the bill itself, but to ensure that the President will be able to continue to try to address multiple issues demanding his leadership. Thank you.

Friday, March 12, 2010

Praise for Obama

I am one of many who have been disappointed by President Obama. I want him to be stronger in his defense of what is "right", i.e., obviously, a code for the progressive agenda, e.g., a health care bill that will correct the sway of the private insurance companies over the health care program. I want him to support an independent consumer protection agency, as articulated by Elizabeth Warren. I want financial regulations to control default swaps without any investment in the underlying economic item and it would be great if these swaps were processed in the open market, guaranteeing some form of transparency. Obama has not used his leadership on these issues, from my perspective.

It was, however, noteworthy that David Brooks has spoken so positively about President Obama. No one in Washington outshines Obama, from his perspective. This is quite a compliment and instructive to me about my need to "cool it".

Praise be to President Obama!

Monday, March 1, 2010

Health Care Reform: Reduce Costs In a

In the past, I have referenced my major problem with the health care bills that were passed in the House and Senate, viz., there is no actual reform of the system that will reduce costs. The general statements from the administration seem to focus on the fact that a signed bill will eventually force Congress to address the problems associated with the costs of health care which are clearly unsustainable.

Warren Buffet, surely a person of high regard in the world of finance, gave an interview on CNBC that zeroes in the problem while keeping a judicial deference to the fact that he is not in a position to articulate what exactly should be done. This should be addressed by the experts in the field. He wants the experts to be locked in a room until they come up with a plan that makes sense. He recognizes that all sorts of constituencies will be fighting to protect their interests and only some disinterested parties can make the necessary recommendations, albeit, the votes in Congress will be difficult to come by!

Tuesday, February 23, 2010

Common Good: A Thing of the Past?

It is been hard for me to contemplate that our world's grasp of the common good may be trending downward. Even in Europe where their national ethos is more grounded in the common good, there are signs that the fiscal realities are forcing nations to ratchet down their system. In our nation, the individual has a history of priority since its foundation. However, over time, we did develop programs that were designed to help all at the expense of some.

In the past year, hopes that our better selves would emerge with the election of Obama have floundered badly. Hopes that we would see the national benefits to universal healthcare have been frustrated because so many see that "their" benefits would decrease in order to support access for all.

Today's column by Roger Cohen captures a glimpse of what is needed. Our world could be so much better, safer, productive, if we could see that helping all benefits all.

Sunday, February 7, 2010

"Sarah's Key" & "Those Who Saved Us"

While enjoying a vacation in Jamaica, we read many books. Two of them were really great novels, but horribly sad.

Both novels deal with World War II.

"Sarah's Key" is a story of a young Jewish girl living in Paris who is rounded up with all the Jewish people into the Velodrome d'Hiver. From here, the French police eventually lead them ultimately to the deaths of most. The young ten year old girl escapes from the Camp where they were brought and eventually was protected by an elderly couple who responded appropriately to the needs of a young girl. Her struggle to use her "key" to rescue her brother who she hid in their house leads to an journey that is sad beyond words.

"Those Who Saved Us" zeroes in on Germany and the plight of the Germans forced to deal with their government's ill-conceived vision of itself.

We shiver when thinking of how Jews were treated (unfortunately, neither is anti-Semitism dead or other types of gross discrimination) and the terrible pain suffered by so many. These novels present another insight into that pain and suffering that makes anyone wonder how it is possible for humans to treat others so badly.

"Black Mass" by John Gray

I do not know whether reading this book when I was much younger (purely a hypothetical since the book was only written in 2007) would have seriously altered by thinking and possibly, my life's journey. But , I do know that this book punctured even more whatever optimistic and liberal vision of the world I had.

In summary, this scholar attacked any system of thought that envisions a world order that will work for everyone and every place. For instance, I recognize that the United Nations has multiple flaws, but I have voiced a system that would incorporate supportive interdependency. I would like to think that the world could live in peace, knowing full well that alternatives are self-defeating. There are many other examples, not the least of which was my hope that Obama would enable our government to function for the benefit of the people.

John Gray argues that such visions are virtually crazy (not his word). He would consider Obama's pragmatic approach to government as the only rational method to deal with circumstances that present themselves in somewhat random order. Rather than reaching for an ideal, the reality is that the realities confronting any nation can only be addressed within a vagaries of the moment, e.g., our dysfunctional Congress.

It was not a happy book to read, but it will make me reconsider the possible as fantasies that deserve less of my time.

Jamaica, We Thank You!


If Joan Louise was not so involved in caring for grandchildren or working as a nurse practitioner, she could become such a successful travel agent! Her planning for our winter vacation was perfect!

It is hard to do justice to our good fortune. To think that after nearly 41 years of marriage, such wonderful children (including our children-in-law), and beautiful grandchildren, we can still find an opportunity to spend some quality time by ourselves in such a beautiful place with wonderful and kind people.

While it was our first time to Jamaica, it takes but a moment to feel bonded with those you meet, whether visitors and citizens. Everyone was so friendly. The weather was beautiful (low 80's), the water was warm but refreshing, the books read were delightful (if somewhat sad by virtue of the contents), and our ability to navigate a path to some great Jerk Chicken made our vacation most memorable.

Wednesday, January 20, 2010

Need to Revisit Health Care Reform

I have expressed my disappointment with the legislation proposed by either branch of Congress. Both of them are a mess. They achieve little of what I want.

I was always impressed with the simplicity of straightforward approach of a reform proposed by Rep Wyden from Oregon. It achieved little support from the powers to be. "Stand Tall for America" seemed like a reform that would make sense, especially since it eliminated employer-based health care. I think that this a major cause of our health care costs. People think that their health care policies are o.k. if they can go and get whatever they want with little money out of pocket.

Monday, January 18, 2010

Additional Perspectives on the Causes of the Fiscal Crisis

Without minimizing the impact of Wall Street on our and the world's fiscal collapse, it was most interesting to read the viewpoint of Ricardo Caballero who heads the MIT Economics Department. His perspective is that foreign nations sought our financial instruments to invest their tons of available cash. The demand on the US banks was overwhelming. While not minimizing our involvement, he cited the foreign demand for "safe" investments, e.g., bonds, that resulted in the expansion of the debt obligations.

I have agreed with Sheila Bair and Alan Greenspan that any bank that is too big to fail, is too big! However, another view (Andrew Sorkin) is that we need big banks to finance major expansion projects, e.g. Verizon's project to place Fios cables in as many houses as possible. Trying to finance such a project without big banks would require multiple loans from multiple banks. This surely will be a negative force in the economy. As long as there is a method to address big bank failures, e.g., resolution authority, the bank failure would not require tax payer monies.

While I have to leave the strength of his argument to those more well versed in economics, it does go to show that we have to keep reading to be sure that we get the whole picture.

Massachusetts Election

It is a strange set of feelings to be somewhat indifferent to an election in Massachusetts, especially when it is for the position of US Senator.

Surely, I was most surprised that Martha Coakley became the Democratic nominee. When Senator Kennedy died, I could have named many before coming to Martha. Without question, Martha is a wonderful person and clearly a focused attorney. Her problem is that she is not a politician. She does not know how to share passion for causes, one way or another.

For those on the Right, they clearly are opposed to what is going on in Congress and would find Brown to be more than acceptable to represent their opposition to Obama's agenda.

For those on the Left, it is another set of expectations that are at the root of their disaffection. We are very disappointed in how the health care legislation proceeded. It has been a disaster and while most people say that it is important to get some bill, rather than none, I am not entirely convinced. Reading Robert Kuttner today gives credence to my negative feelings. Maybe a Republican victory on Tuesday will be in his words, "A Wake-Up Call".

Saturday, January 9, 2010

Hopelessness Settling In!

I wrote to President Obama today to remind him of his words of hope back in Iowa. He said, “And most of all, we’ve lost faith that our leaders can or will do anything about it.”


I mentioned that my hopes for his success were probably misplaced. The screwed up system is too much for even him, and if so, what hope is there? I doubt that there will be few that will match his intellect and values and get elected.

We will most likely recall the vision of our hopes and feel pain at the reality staring us in the face. The lost opportunities for real reform in health care, banking, pollution, will be remembered more than any meager or marginal successes of legislation weaving itself through Congress.