The excuses United Healthcare made for not insuring little Aislin Bates shows the decision making process is more arbitrary than this week’s Project Runway winner. Death panels? You’ve got them now - just ask United about their “underwriting standards” and chances are you’ll get about as much solid information as you’d get from quizzing your credit card company about cardholder agreements or the logic behind rates and fees. The answer, in short - THERE ARE NO STANDARDS and WE DECIDE BASED ON PROFITABILITY, NOT HEALTH.

Thirty years after the “Reagan Revolution” proved millions of gullible people thought you could get something for nothing, the chickens have come to roost. Reagan believed smaller government was the answer, and it is - to the prayers of profiteers who could care less about the rest of America in favor of the rich and influential (circles Reagan and many of his followers traveled exclusively). The nonsense of a belief system built solely on so-called “personal responsibility”, and coupled with a fervent denial of the social realities affecting millions, led Reagan to his lowest point - finally, a year before leaving office, he addressed the AIDS crisis for the first time.

After Reagan came Bush, then a brief respite, then more Bush and more denial. So long as the wealthy were protected, given political cover, and shielded from pesky laws meant to protect “them” from “us”, all would be well. To obtain membership in today’s Republican Party, denial as a belief system appears to be a prerequisite. That’s too bad, because there are bright stars in the party, people with good ideas whose moderate voices echo Republicanism of the distant past and whose ideas should be heard. For now, though, denial and the deception it engenders mark Republicans with a red (scarlet?) badge of dishonor. As we learn more about how lopsided health care has become, as we count the dead who could have been saved (and would presumably have been contributing to the tax base), one can’t help but wonder how Republicans can hope to endear themselves to the millions of “have nots” who have proven they know at least one thing - how to vote. The next election may not, after all, follow the traditional trends and favor the party not in the White House. Instead, we could see a few million Republicans turning in their “elephant” labeled voter registration cards for Independent or Democratic ones. Why? Because those without have finally turned a deaf ear to those who have, rejecting the oft-repeated advice that influence only comes with money, power and privilege.

My guess is, the next election will be much the same as the previous two. The worm has turned - and how long the Republican Party remains on the wrong side of history (if it survives at all), will depend a lot on how they face the people who previously have had little say under the eves of the elephant’s big tent.

Thanks!

Still, you might have need for the features found only in the Pro version, which include the ability to send a remote file to your local printer, or drag and drop file between machines. You can also create an instant meeting, a feature which provides functionality similar to that found in the GotoMeeting sofware offered by the same folks who make GotomyPC. There are other options, some of them free or low cost, which perform similar functions. But for reliability and ease of use, plus a feature set which trumps all others, I’d go with LogMeIn for all your remote control needs. You won’t believe how handy it is until you find yourself without a file you need!

You probably think the financial mess can’t get worse. But if the world economy is Thelma and Louise, none of us have even seen the chasm yet, but we still know it’s there (and how the story ends).

Let me propose the following:  THERE IS NO WAY TO ‘GROW’ OURSELVES OUT OF THIS CRISIS.  The same applies to the rest of the global economy.  The numbers are too big – frankly, insurmountable.  Sooner or later, Obama, the G20 nations, and everybody else is going to have to face the fact that DEBT WILL HAVE TO BE WRITTEN OFF in order for any of us to survive this mess.  Unless we want soup lines and “brother can you spare a dime?” signs littering CNN, there isn’t any other choice.  Here’s why.

In order to avoid a total, all-out ‘Grand Depression’ the Treasury and Congress have created a bail out package which, so far, hasn’t bailed out anybody of any importance (namely, you and me, the real ‘engines’ behind the U.S. economy).  My guess is, nobody wants to trump Obama before he takes the oath in January, despite his protestations that something should be done now, not later.  The current thinking is, if action is taken that doesn’t square with Obama & Team don’t approve of, the blame will fall squarely on the outgoing team.  However, if no additional action is taken, the blame will still fall on the current administration, and you can bet Paulson will take the brunt of it.  Regardless, let me outline the reasons that NO PLAN is going to ever reduce the debt load currently faced – and I mean not just the U.S. debt, but the total debt of all industrialized nations (and some not so industrialized).  The facts as they stand now:

• American consumer debt, largely un-payable at the current earnings levels, is $2.5 trillion and climbing
• Emerging and developing nations nearly doubled their outstanding debt between 2000 and 2008, to nearly 5 trillion projected for 2009 (Source:  IMF.org)
• Central and Eastern Europe quadrupled their debt load during this same period, from roughly $300 billion to $1.1 trillion – an enormous figure for traditionally weak economies (Source:  IMF.org)
• Even in the U.K., the debt load increased $60 billion pounds in just the last 6 months, upping the total debt load to more than half a trillion pounds this year alone.

Just a couple weeks ago, in case you missed it, Federal bank regulators in the U.S. recently rejected a request, brought mostly by consumer advocates, to let lenders forgive huge portions of credit card debt. This would have been a huge first step to avoiding the “Grand Recession,” but let’s face it – sooner or later, it’s going to be done.  It HAS to be done. 

The staggering amount of world debt is insurmountable.  Emerging countries are powerless to control their economic fate when lending is severely curtailed (as it is now).  The approximate household debt level for each American has risen to roughly $535,000 (that’s the total American debt figure divided by all of us who can, ostensibly, pay).

So what to do?  Here’s what I think:

• Reference the post World War I (and II) debt write-off’s.  After Hitler’s defeat, Germany was destitute, as was much of Europe.  Instead of forcing war reparations on Germany (the notorious prime cause of Hitler’s rise), this time debt was forgiven so Germany could rebuild.
• Think globally.  Every nation is going to have to write down debt AND trade in a more balanced manner, similar to what Lord Keynes proposed before Bretton Woods.  More importantly, if Keynes had his way, we would have a global currency and a more or less “equivalent” balance of trade with other nations, instead of see-sawing trade deficits and surpluses.
• Write off at least 10 percent of consumer credit card debt.  You’re never going to get it back anyway (not to mention it was feloniously acquired by predatory lenders … who ever heard of a 29.99 percent loan for a TV at Best Buy?  Or worse yet, a loan that KEEPS INCREASING THE PRICE OF THE ASSET PURCHASED BECAUSE LENDERS KEEP INCREASING, POST PURCHASE, THE RATE ON YOUR TOTAL CREDIT CARD DEBT, REGARDLESS OF THE RATE YOU HAD WHEN THE ORIGINAL ITEM WAS PURCHASED?
• Move toward a global currency.  This, too, is inevitable.  Keynes had it right, but we botched it in favor of OUR OWN SELF INTEREST … again.  This time, let’s get it right.
• Devalue the U.S. dollar, just as FDR did.  Short term hurt, long term gain.  It helped end the first Great Depression, and if we use it wisely, we can avoid the Grand Depression.

Mark my words.  Debt reduction via massive global write-off’s is coming.  There isn’t any other way out.

Thanks!

– Kirk

Last night, John McCain needed the equivalent of a Hail Mary touchdown toss to get back into the presidential race.  He did well – but on the key play, there were no open receivers downfield.

McCain was supposed to be at home in the “town hall” style forum, yet last night he looked more like a troubled soul, almost pleading for the presidency as he asked Americans to “let me serve” one last time.  Fortunately for the electorate, the presidency isn’t a volunteer organization – charity begins at home, not the White House. 

As McCain wandered around stage, squinting in the overly bright lights and tossing up his odd, awkward “two hand salute”, one wonders why he ran.  Having ordered his running mate, Sarah Pal

in, to attack Obama’s character, McCain missed several chances to level the same or similar charges (namely, that Obama can’t be trusted because he “pals around” with terrorists).  Taking the high road (while millions of Americans watching CNN repeat McCain talking about conducting an ethical campaign and saying those who sling mud “are bereft of ideas”), McCain demurred, skipping the ethics talk entirely while trying to focus on his own economic record.  So one has to ask – who is running McCain’s strategy – McCain, or his advisors?  Apparently, cognitive dissonance runs rampant in the strategy room, and it’s clear from McCain’s performance that he either doesn’t believe in the strategy, thinks the strategy is immoral or unethical, or can’t stomach taking the fight to Obama himself (as if he can appear above the fray on such an incendiary set of talking points).  Either way, he’s in a box now – not “man enough” to bring it up during the debate, leaving it to Sarah Palin to handle, or he really doesn’t believe in the strategy.  I’d like to believe it’s the latter.

Obama didn’t have to do much but be himself, and in that effort he succeeded.  McCain however needed to be twice the man and three times the politician he is, and did not succeed.  In debate (and possibly, election) terms, not winning equates to losing.  McCain’s road to the White House just got steeper.