We should pay attention when people sound alarms at their own peril

It fascinates me when an old post starts getting some attention. Right now, one called “Who is Paul O’Neill and why should his opinions matter?” is getting a few looks (a link is below). In essence, O’Neill was fired as Secretary of the Treasury for voicing an opinion the President did not like.

What did he say, you ask? He said he was concerned about the debt and felt the Bush Tax Cuts were unneeded. This is after Bill Clinton handed a surplus budget to the younger Bush. It should be noted the debt is now 5 times larger.

Recently, the well respected Director of National Intelligence Dan Coats resigned under pressure as he told the inconvenient truth about Russian influence and its continuation. Like O’Neill, this clarion call should be heeded. Like with General James Mattis’ resignation last December, Coats departure is giving GOP Senators pause, yet they refuse to act.

Back in late 2007, a Texas financial analyst noticed that people who could “fog a mirror,” were getting huge mortgage loans on properties that seemed to be over-inflated in value. He did his homework and was able to get a meeting with the CFO of Bear Stearns. He told the CFO he thought Bear Stearns was over-extended with risk and was going to to go under.The CFO thanked him and the guy uttered these parting words – well, I am going to bet against you. Within the year, Bear Stearns was bought for a very discounted price before it went under.

Colin Kaepernick is a good NFL quarterback, but he has been blackballed from the league after calling attention to the unequal rights and treatment of Blacks in America. His civil protest was hyper-politicized by a hyper-political president, so he was blackballed, a term which seems apt. Yet, we have a difference in how Blacks are treated. Even further, our society is more economically unequal than it has ever been, with haves owning much greater shares. A society cannot withstand such differentiation for too long. Kaepernick’s protest should be heeded not condemned. His protest is far more emblematic of American values than a flag or anthem ever could be.

Those who are giving clarion calls should be given due consideration. There are financial analysts who have cautioned against Brexit from the outset. Those concerns have fallen on too many deaf ears. Their corollary message is even more dire – do not leave the EU without a deal. That is beyond poor stewardship. It matters not what the current PM says. Yet, if it does happen, it is only fitting that Mr. Johnson is the one trying to deal with the fallout.

Before I close, let me go back to someone who is similar to the Texas man who tried to forewarn Bear Stearns. The movie “The Big Short” highlighted one person of several who saw the housing recession coming. When his concerns fell on deaf ears, he had them create a product to pay off if he was right.  The industry laughed at him until a couple of years later they realized he was right. His clients made a fortune. The movie ends by telling us what this man is now investing in – water. While it does not get much play here, we have a global water crisis which rivals climate change as a concern. He saw it coming.

https://musingsofanoldfart.wordpress.com/2013/03/20/who-is-paul-oneill-and-why-should-his-opinions-matter/

My rights are more important than yours

As a 60 year old white man, I have come to several conclusions living in America. Where we are supposed to have equal rights, what that really means is “my rights are more important than yours.” The examples are many and seem to be more at the forefront in a spin-doctored to disinformation news cycle. The other thing I have learned is democracy is hard work – you have to work at it to keep it flourishing. That is why it so easy to harm it.

One of the best examples can be gleaned from the letters to the editors in the newspapers or the comments on various blogs. The comments/ letters I am speaking of occur when a celebrity, athlete or entity espouses a political opinion that differs from yours. The comment ranges from they should stick to their art or sport and not use their popularity as a platform to espouse political views. Or, it might read, I want to watch a ball game and not be told what I must do politically.

It is OK for these people to wear eight corporate sponsor logos to sell you things, but they should not tell you what they believe. Yet, what is not being said, is it is OK for me to use my platforms or read that of others because they agree with my belief construct. In other words, my right to espouse an opinion supersedes yours. So, how dare Colin Kaepernick kneel during the national anthem or Megan Rapinoe say what she thinks. That is unpatriotic. Call me crazy, but siding with a Russian president’s opinions over that of your own intelligence people sounds pretty unpatriotic to me.

Another good example is the Religious rights activity. These laws grant the right to discriminate because it violates a religious belief. The subtlety of this being different from protecting one’s rights against discrimination is not heeded. But, it also causes a very slippery slope of the same folks being discriminated against by other religions or groups. This could be a LGBT owner not selling to someone with hate speech on their T-shirt, a Muslim owner not selling to an evangelical as they do not like their extremist views, a Jewish owner not selling to non-Kosher buyers.

Back in the late 1960s, three black athletes – Jim Brown, the star NFL running back and actor, Bill Russell, the star NBA basketball player and Muhammad Ali all spoke out against poverty and oppression of opportunity of black Americans. They did so knowingly and convincingly. What disappoints many is that Michael Jordan and Tiger Woods do not use their popularity to speak out against similar issues that still fester.To their credit, Lebron James and Stephen Curry are speaking out. Kaepernick actually hurt his career in so doing.

It is more than OK for people to speak out. That is the way it works. I recall when the US invaded Iraq, the country singing group The Dixie Chicks were vilified for speaking out against this. They were hailed unpatriotic by people supporting the Bush administration. Yet, history proved them right to question such a move. What is more unpatriotic – invading a country under false pretenses where over 4,000 American and additional numbers of allied soldiers die or speaking out against such an invasion?

Call me crazy, but if we are going to send Americans and our allies to die, we better have done our homework and exhausted all other options. It should be informational that a UK report found Prime Minister Tony Blair and President George W. Bush at fault for not being forthcoming to the British people. As Forrest Gump would say, “That is all I am going to say about that.”