Monday, June 06, 2005

Leadership at New Ruskin College

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Lecture Notes: 05-19-05

I do not understand. Where is the leadership?

No one came forward to criticize the proposed Bay Bridge besides Dr. Abolhassan Astaneh.

Mr. Bush has not given a speech about the war for years. Even though recruitment is falling and public opinion is declining, falling, he does not bother to come forward and talk to the nation. Why?

Special interests take control of the state and twist it, use the sovereign power for their own benefit, and not only is it not protested but whole political parties arise to defend it. Sure, more money for the public employee pensions, and give them workers comp while they work at another job too. And let’s add the private pensions, let us pay those as well.

Then we can cash in those bonds and pay the Social Security to the wealthy so that they will let us keep the elderly poor off the streets. Yes, we must bribe them.

Where is the leadership?

Mentally ill wander the streets, no one cares.

The housing bubble? Energy? Declining wages? Living standards? Nothing.

I don’t understand. And when I wrote a few letters to the Senate, I became a target of the most malicious, . . .

Oh, that’s it. No one speaks out, least the same thing be done to them?

At KGO they knew about the burglary, but did not dare . . .

No they joined in, they laughed at the stolen notebook . . .

Pennsylvania now has some of the highest mortgage foreclosure rates in the nation.
According to Foreclosure.com Foreclosure listings nationwide went up 50% from February to march 2005. This is a dramatic increase indicating the real estate bubble may have started to burst. In the wake of this, over one million Americans were late on their mortgage payment last month and half went into foreclosure. In addition, studies show that 80% of the people who get debt consolidation loans end up in worse financial trouble within a very short time, and that most people soon find their credit cards maxed out to their limits again.

"We've seen a national foreclosure rate that is epidemic,"

Mortgage defaults are on the rise in Denver. This story says that "soaring foreclosure filings in Arapahoe County for the first three months of this year helped drive metro Denver's foreclosure rate 34 percent higher than the same period of last year and 30 percent higher than the fourth quarter of 2004."

When will the bubble burst? Shiller is too smart to try to predict that. And how bad could it be? Pretty bad. It might set off a worldwide recession. That scenario is "not inevitable, but it is a much more serious risk than is widely acknowledged."

* * * * * * *
Why do I get this feeling that liberals will take no responsibility for the failure of American social mobility? Because they never take responsibility for anything! 1 million were not killed in Rwanda. Do not look at them. ( Al Franken actually conducted an entire interview about Rwanda without ever mentioning the name Clinton! Even after Mogadishu and the cut and run was said to have scared off potential allies who could not trust Clintons America.) They are just visiting. Saddam Husseins Iraq? Thats right not their fault. OBL? They were going to get him . . . but . . . Housing bubble? Not them? No nuclear plants in 30 years? Again, not their fault!

In the absence of a healthy media environment, our society is prone to vitriol that eludes direct challenge. For example, Don Imus -- ranked by Time as one of "the 25 most influential Americans" -- delights in spewing out a fetid brew of ersatz cleverness on his national radio program, whether at the expense of blacks, gays, women or people with amputated limbs. Simulcast on MSNBC television, "Imus in the Morning" is an audio horror show that often denigrates because of skin color, sexual orientation or gender. (See the online journal TomPaine.com for extensive documentation.) Rather than recoiling at the invective from Imus and his crew, dozens of prominent journalists continue to embrace it. Program regulars include CNN's Jeff Greenfield and Judy Woodruff, CBS's Dan Rather and Bob Schieffer, NBC's Tom Brokaw and Tim Russert, and Cokie Roberts of ABC and National Public Radio. High-status print reporters don't hang back, either, as exemplified by such avid participants in the Imus show as Newsweek's Howard Fineman and Jonathan Alter, and syndicated New York Times columnists Frank Rich and Thomas Friedman. . . .

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