Tag Archives: Jr.

The 12/10/13 Joy Jar

10 Dec

Some may wonder what happens to moi after the ‘Joy Jar’ exercise ends on Christmas Day. Sonia Choquette wrote in The Meaning of Christmas:

That hidden meaning is that Christmas is the festival of the human heart. It is a time of year when all the universe conspires to raise the vibratory level of consciousness on earth to one of peace and love toward ourselves and one another. This season resonates to the sweet, childlike innocence that resides in all of us. A time when the heavenly forces inspire us to shift our focus away from fear and toward one of joy, and healing.
The Christmas festival emphasizes this shift in two ways; one is the rebirth of the soul and the second is the return of the light to earth. Even before the rebirth of Christ which centers around our modern day Christmas festival, as far back as recorded history, in fact, these two themes of rebirth and light have emerged again and again during this time of year.
It is as if Divine Consciousness moves forward year after year, during the darkest season, to bring us back to light….

Today’s deposit into the ‘Joy Jar’ is looking forward to Christmas as the beginning of a period of change and growth for moi.

If you don’t like something, change it. If you can’t change it, change your attitude.
Maya Angelou

Change does not roll in on the wheels of inevitability, but comes through continuous struggle. And so we must straighten our backs and work for our freedom. A man can’t ride you unless your back is bent.
Martin Luther King, Jr.

God grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference.
Reinhold Niebuhr

You must be the change you wish to see in the world.
Mahatma Gandhi

Never believe that a few caring people can’t change the world. For, indeed, that’s all who ever have.
Margaret Mead

When we are no longer able to change a situation – we are challenged to change ourselves.
Viktor E. Frankl

It may be hard for an egg to turn into a bird: it would be a jolly sight harder for it to learn to fly while remaining an egg. We are like eggs at present. And you cannot go on indefinitely being just an ordinary, decent egg. We must be hatched or go bad.
C. S. Lewis

To improve is to change; to be perfect is to change often.
Winston Churchill

Everyone thinks of changing the world, but no one thinks of changing himself.
Leo Tolstoy

If you do not change direction, you may end up where you are heading.
Lao Tzu

If you change the way you look at things, the things you look at change.
Wayne Dyer

The only way to make sense out of change is to plunge into it, move with it, and join the dance.
Alan Watts

If we don’t change, we don’t grow. If we don’t grow, we aren’t really living.
Gail Sheehy

Any change, even a change for the better, is always accompanied by drawbacks and discomforts.
Arnold Bennett

Only the wisest and stupidest of men never change.

The 11/04/13 Joy Jar

4 Nov

Today is the beginning of moi’s personal jubilee year. It begins with this Bible passage:

For I know the plans I have for you,” says the Lord, “they are plans of good and not of disaster, to give you a future and hope.”
Jeremiah 29 verse 11

Today’s deposit into the ‘Joy Jar’ is the ‘Jubilee Year,’

Here are some great passages about hope from Dance Lightly With Life:

Learn from yesterday, live for today, hope for tomorrow.
The important thing is not to stop questioning.
– Albert Einstein

All our dreams can come true, if we have the courage to pursue them.
– Walt Disney

If you can dream it, you can do it.
– Walt Disney

While there’s life, there’s hope.
– Cicero

When the world says, “Give up,”
Hope whispers, “Try it one more time.”
– Anonymous

I don’t know the key to success,
but the key to failure is trying to please everybody.
– Bill Cosby

When you get the choice to sit it out or dance, I hope you dance.
– Lee Ann Womack

Whoever is happy will make others happy too.
– Anne Frank

It’s really a wonder that I haven’t dropped all my ideals, because they seem so absurd and impossible to carry out. Yet I keep them, because in spite of everything I still believe that people are really good at heart.
– Anne Frank

How wonderful it is that nobody need wait a single moment before starting to improve the world.
– Anne Frank

Hate destroys, Love builds.
Hate tears down, Love renews and creates.
Hatred holds no hope for the future.
Love creates Today as its own better future.
– Jonathan Lockwood Huie

A true friend is a source of strength and hope.
– Jonathan Lockwood Huie

The hope of a secure and livable world lies with disciplined nonconformists who are dedicated to justice, peace and brotherhood.
– Martin Luther King, Jr.

Darkness cannot drive out darkness;
only light can do that.
Hate cannot drive out hate;
only love can do that.
– Martin Luther King, Jr.

Positive thinking will let you do everything better than negative thinking will.
– Zig Ziglar

Sometimes your joy is the source of your smile,
but sometimes your smile can be the source of your joy.
-Thich Nhat Hanh

I am determined to be cheerful and happy in whatever situation I may find myself.
For I have learned that the greater part of our misery or unhappiness
is determined not by our circumstance but by our disposition.
– Martha Washington

Men cannot for long live hopefully unless they are embarked upon some great unifying enterprise – one for which they may pledge their lives, their fortunes and their honor.
– C. A. Dykstra

To be 70 years young is sometimes far more cheerful and hopeful than to be 40 years old.
– Oliver Wendell Holmes, Jr.

Hopeful thinking can get you out of your fear zone and into your appreciation zone.
– Martha Beck

We all have possibilities we don’t know about.
We can do things we don’t even dream we can do.
– Dale Carnegie

Develop success from failures.
Discouragement and failure are two of the surest stepping stones to success.
– Dale Carnegie

First ask yourself: What is the worst that can happen?
Then prepare to accept it. Then proceed to improve on the worst.
– Dale Carnegie

Do the thing you fear to do and keep on doing it… that is the quickest and surest way ever yet discovered to conquer fear.
– Dale Carnegie

Happiness doesn’t depend on any external conditions, it is governed by our mental attitude.
– Dale Carnegie

Everything that is done in the world is done by hope.
– Martin Luther

Although the world is full of suffering, it is also full of the overcoming of it.
– Helen Keller

We can do anything we want to if we stick to it long enough.
– Helen Keller

Science may have found a cure for most evils;
but it has found no remedy for the worst of them all – the apathy of human beings.
– Helen Keller

Keep your face to the sunshine and you cannot see a shadow.
– Helen Keller

Self-pity is our worst enemy and if we yield to it, we can never do anything wise in this world.
– Helen Keller

Life is either a great adventure or nothing.
– Helen Keller

Your success and happiness lies in you.
Resolve to keep happy, and your joy
and you shall form an invincible host against difficulties.
– Helen Keller

Hope is like peace. It is not a gift from God. It is a gift only we can give one another.
– Elie Wiesel

Just as despair can come to one only from other human beings,
hope, too, can be given to one only by other human beings.
– Elie Wiesel

Faith has to do with things that are not seen and hope with things that are not at hand.
– Saint Thomas Aquinas.

Hope is a waking dream.
– Aristotle

Faith is taking the first step even when you don’t see the whole staircase.
– Martin Luther King, Jr.

I have a dream that one day every valley shall be exalted,
every hill and mountain shall be made low,
the rough places will be made straight
and the glory of the Lord shall be revealed and all flesh shall see it together.
– Martin Luther King, Jr.

God grant me the serenity to accept the things I cannot change;
courage to change the things I can;
and wisdom to know the difference.
-Reinhold Niebuhr

If you’re alive, there’s a purpose for your life.
– Rick Warren

Hope is the thing with feathers that perches in the soul.
– Emily Dickinson

Hope is patience with the lamp lit.
– Tertullian

Optimism is the faith that leads to achievement.
Nothing can be done without hope and confidence.
– Helen Keller

Faith is the strength by which a shattered world shall emerge into the light.
– Helen Keller

It’s wonderful to climb the liquid mountains of the sky.
Behind me and before me is God and I have no fears.
– Helen Keller

There are only two ways to live your life.
One is as though nothing is a miracle.
The other is as though everything is a miracle.
– Albert Einstein

To eat bread without hope is still slowly to starve to death.
– Pearl S. Buck

To see a vibrant, exciting, and hopeful world, view the world through joyful eyes.
– Jonathan Lockwood Huie

Here is to the beginning of a year of great growth and accomplishment.

The 10/20/13 Joy Jar

20 Oct

Moi is being stalked. This is the latest missive from the stalker:

boopbopbeep commented on The 10/17/13 Joy Jar
Awww….are you so insecure that you block negative comments about your blog? Tsk tsk “DOKTOR”….notsomuch as Yale has no record of your time at university.

Here is the IP address as forwarded by WordPress:

information about boopbopbeep
IP:, c-24-22-132-151.hsd1.wa.comcast.net
E-mail: nojoyjarhere@yahoo.com
Whois: http://whois.arin.net/rest/ip/

Now this is moi’s profile which stands by:

Dr. Wilda V. Heard, or “Dr. Wilda,” has a J.D. from Yale Law School and a doctorate in education leadership from Seattle University. She has been a volunteer at Legal Voice, formerly the Northwest Women’s Law Center. Currently, she volunteers at the Open Door Legal Clinic of the Union Gospel Mission. Dr. Wilda writes about schools, education reform, and the effect the culture has on education, children, and families. Her comments are of three types: opinion (these comments reflect her opinion on a subject), commentary (her assessment of another’s opinion or comment), and pot stirrer (these comments are written to arouse passion in the reader and to provoke discussion).

All moi can say to the stalker is it is too bad that you have such a miserable life and instead of contributing in positive ways to the world, feel the need to be destructive. Get help. Today’s deposit into the ‘Joy Jar’ is forgiveness

Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.
Martin Luther King, Jr.

The weak can never forgive. Forgiveness is the attribute of the strong.
Mahatma Gandhi

Mistakes are always forgivable, if one has the courage to admit them.
Bruce Lee

Forgive your enemies, but never forget their names.
John F. Kennedy

Always forgive your enemies – nothing annoys them so much.
Oscar Wilde

Forgiveness is the fragrance that the violet sheds on the heel that has crushed it.
Mark Twain

Never forget the three powerful resources you always have available to you: love, prayer, and forgiveness.
H. Jackson Brown, Jr.

Forgiveness is a virtue of the brave.
Indira Gandhi

When you forgive, you in no way change the past – but you sure do change the future.
Bernard Meltzer

He that cannot forgive others breaks the bridge over which he must pass himself; for every man has need to be forgiven.
Thomas Fuller

Forgiveness is the final form of love.
Reinhold Niebuhr

Where information leads to Hope. © Dr. Wilda.com

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The 10/19/19 Joy Jar

19 Oct

The TEMPORARY end of the U.S. government shut-down has got moi thinking about the LACK OF LEADERSHIP in national government. Today’s deposit into the ‘Joy jar’ is LEADERSHIP.

A genuine leader is not a searcher for consensus but a molder of consensus.
Martin Luther King, Jr.

It is better to lead from behind and to put others in front, especially when you celebrate victory when nice things occur. You take the front line when there is danger. Then people will appreciate your leadership.
Nelson Mandela

A leader is best when people barely know he exists, when his work is done, his aim fulfilled, they will say: we did it ourselves.
Lao Tzu

I suppose leadership at one time meant muscles; but today it means getting along with people.
Mahatma Gandhi

Leadership is solving problems. The day soldiers stop bringing you their problems is the day you have stopped leading them. They have either lost confidence that you can help or concluded you do not care. Either case is a failure of leadership.
Colin Powell

Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes.
Peter Drucker

If your actions inspire others to dream more, learn more, do more and become more, you are a leader.
John Quincy Adams

Don’t find fault, find a remedy.
Henry Ford

Innovation distinguishes between a leader and a follower.
Steve Jobs

When the best leader’s work is done the people say, ‘We did it ourselves.’
Lao Tzu

A leader is one who knows the way, goes the way, and shows the way.
John C. Maxwell

Management is doing things right; leadership is doing the right things.
Peter Drucker

People ask the difference between a leader and a boss. The leader leads, and the boss drives.
Theodore Roosevelt

Leadership is the art of getting someone else to do something you want done because he wants to do it.
Dwight D. Eisenhower

Hold yourself responsible for a higher standard than anybody expects of you. Never excuse yourself.
Henry Ward Beecher

Good leadership consists of showing average people how to do the work of superior people.
John D. Rockefeller

A man who wants to lead the orchestra must turn his back on the crowd.
Max Lucado

Amazing Grace: Dr. King and the guaranteed annual income

15 Jan

Here’s an inconvenient truth, the Reverend Dr. Martin Luther King, Jr. was a Christian, a Baptist minister and a deeply spiritual man. What he was not was a deity. He was like all of us a human in need of grace. As a human he attempted to lift not only the spirit, but the human conditions of others. He was human and humane.

Dr. King wrote one final book, which was  excerpted on a blog

Few people have heard of the Rev. Martin Luther King Jr.’s last book. It was called Where Do We Go From Here: Chaos or Community? (New York: Harper & Row, 1967).

Even fewer people realize that King was an advocate of a guaranteed income. He weighed the issue carefully before drawing conclusions and making the following statement.

Toward the end of Where Do We Go From Here, in a chapter titled “Where We Are Going,” King states his support for the guaranteed income policy, that right-wingers and left-wingers had both been studying. See what he says to us.

This is an excerpt of what Dr. King said in the last chapter of Where Do We Go From Here:Chaos or Community? (New York: Harper & Row, 1967).

We have come a long way in our understanding of human motivation and of the blind operation of our economic system. Now we realize that dislocations in the market operation of our economy and the prevalence of discrimination thrust people into idleness and bind them in constant or frequent unemployment against their will. The poor are less often dismissed from our conscience today by being branded as inferior and incompetent. We also know that no matter how dynamically the economy develops and expands it does not eliminate all poverty.

We have come to the point where we must make the nonproducer a consumer or we will find ourselves drowning in a sea of consumer goods. We have so energetically mastered production that we now must give attention to distribution. Though there have been increases in purchasing power, they have lagged behind increases in production. Those at the lowest economic level, the poor white and Negro, the aged and chronically ill, are traditionally unorganized and therefore have little ability to force the necessary growth in their income. They stagnate or become even poorer in relation to the larger society.

The problem indicates that our emphasis must be two-fold. We must create full employment or we must create incomes. People must be made consumers by one method or the other. Once they are placed in this position, we need to be concerned that the potential of the individual is not wasted. New forms of work that enhance the social good will have to be devised for those for whom traditional jobs are not available.

In 1879 Henry George anticipated this state of affairs when he wrote, in Progress and Poverty:

“The fact is that the work which improves the condition of mankind, the work which extends knowledge and increases power and enriches literature, and elevates thought, is not done to secure a living. It is not the work of slaves, driven to their task either by the lash of a master or by animal necessities. It is the work of men who perform it for their own sake, and not that they may get more to eat or drink, or wear, or display. In a state of society where want is abolished, work of this sort could be enormously increased.”

We are likely to find that the problems of housing and education, instead of preceding the elimination of poverty, will themselves be affected if poverty is first abolished. The poor transformed into purchasers will do a great deal on their own to alter housing decay. Negroes, who have a double disability, will have a greater effect on discrimination when they have the additional weapon of cash to use in their struggle.

Beyond these advantages, a host of positive psychological changes inevitably will result from widespread economic security. The dignity of the individual will flourish when the decisions concerning his life and in his own hands, when he has the assurance that his income is stable and certain, and when he know that he has the means to seek self-improvement. Personal conflicts between husband, wife and children will diminish when the unjust measurement of human worth on a scale of dollars is eliminated.

Two conditions are indispensable if we are to ensure that the guaranteed income operates as a consistently progressive measure. First, it must be pegged to the median income of society, not the lowest levels of income. To guarantee an income at the floor would simply perpetuate welfare standards and freeze into the society poverty conditions. Second, the guaranteed income must be dynamic; it must automatically increase as the total social income grows. Were it permitted to remain static under growth conditions, the recipients would suffer a relative decline. If periodic reviews disclose that the whole national income has risen, then the guaranteed income would have to be adjusted upward by the same percentage. Without these safeguards a creeping retrogression would occur, nullifying the gains of security and stability.

This proposal is not a “civil rights” program, in the sense that that term is currently used. The program would benefit all the poor, including the two-thirds of them who are white. I hope that both Negro and white will act in coalition to effect this change, because their combined strength will be necessary to overcome the fierce opposition we must realistically anticipate.

Our nation’s adjustment to a new mode of thinking will be facilitated if we realize that for nearly forty years two groups in our society have already been enjoying a guaranteed income. Indeed, it is a symptom of our confused social values that these two groups turn out to be the richest and the poorest. The wealthy who own securities have always had an assured income; and their polar opposite, the relief client, has been guaranteed an income, however miniscule, through welfare benefits.

John Kenneth Galbraith has estimated that $20 billion a year would effect a guaranteed income, which he describes as “not much more than we will spend the next fiscal year to rescue freedom and democracy and religious liberty as these are defined by ‘experts’ in Vietnam.”

Dr. King was not the only leader who proposed the guaranteed annual income. President Richard Nixon’s legacy was tarnished by the paranoia, which led to Watergate. People often forget that no one is perfect and even deeply flawed people can accomplish some good things. PBS has a Nixon background report

Nixon supported the concept of the guaranteed annual income, although he and Daniel Moynihan differed about details. Back in the day, people from different parties could actually work together. Peter Pessell and Leonard Ross reviewed Moynihan’s book The Politics of the Guaranteed Annual Income in the New York Times.

But that proved to be the end of the line. In the summer of 1970 conservatives on the Senate Finance committee riddled H.E.W. Secretary Robert Finch with hostile questions and helped force his resignation. The Administration revised the bill and began losing the liberals. The decisive defeat, on a Finance committee vote of 10-6, united Oklahoma New Populist Fred Harris and liberals Eugene McCarthy, Albert Gore and Clinton Anderson with the most mossy-backed of the reactionaries. For two more years the Administration kept moving the plan to the right at the expense of support from the left. Currently F.A.P. reposes in a state best described as malign neglect.

What went wrong? Most of Moynihan’s eloquent, polemical book is devoted to an exhaustively researched attack on the liberal opposition. To be sure, he does not spare the right (and is impressively blunt in recounting Nixon’s own self-defeating partisanship in 1970–the year of Carswell, Cambodia, Scammon and Wattenberg). But the intriguing question–for the reader as for Moynihan–is why the left helped kill the guaranteed income.

Part of the answer is that it wasn’t much of an income: $1,600 for a family of four plus $800 in food stamps. This was more than a handful of states gave their poor, but much less than 1970 welfare levels in the big Northern states. On the other hand, states would have been able to supplement the F.A.P. minimum payments with the Federal Government picking up part of the tab. A “grandmother” clause would have assured current welfare recipients no reduction in benefits. F.A.P. supporters argued that states traditionally generous would remain so. Liberal opponents feared the outcome of putting the whole system up for grabs at a time of inflation, rising taxes and free-floating disgruntlement.

Aside from money, controversy centered on work requirements and work incentives. Until the mid- sixties, welfare recipients stood to lose at least a dollar of benefits for every dollar they earned working; even more, if they happened go be unlucky enough to just miss the income cutoff for public housing. Welfare legislation in 1967 reduced the direct take-back to two dollars in three, but left in much of the perverse incentive to shun work. A family might still inch its way over a bureaucratically defined poverty line, and thereby lose a thousand dollars in Medicaid benefits.

There were several possible ways of correcting the problem. The Government could lower the rate at which it penalized welfare recipients’ earnings. This would cost money, and would make large numbers of the working poor eligible for the dole–a strategy with political costs as well as advantages, as George McGovern later discovered. Or the law could simply force welfare recipients to work, incentives or no. The difficulty here was that there were very few jobs–especially in an economy with steeply rising unemployment–for untrained welfare mothers. Alternatively, one could create jobs. Congress tried that in 1967 with the “Work Incentive Program” (cheerfully abbreviated as WIN).But by September 1969, only 13,000 welfare recipients had been put to work. Neither local agencies nor Congress has shown much enthusiasm for paying an annual $1,000 or $2,000 per child for day care facilities so that mothers could work off their welfare payments on $3,000-a-year jobs.

Faced with these uncomfortable alternatives, the Nixon Administration chose a bit of each. F.A.P. would cut the penalty rate from two-thirds to one-half of every extra dollar earned by the poor while on welfare; all welfare recipients would be required to register with the United States Employment services for work and would be docked $500 if they refused. New WIN jobs and day-care facilities would be promised.

No one expected the work requirement to work, least of all the President. “I don’t care a damn about the work requirement,” he told Moynihan, “This is the price of getting $1,600.” Again, as McGovern belatedly found out, the only way to promote welfare changes was to call them workfare.

But the price Nixon paid for a vague and unstructured work requirement was to exacerbate liberal fears. Mothers of small children, it was argued, might be ordered to work regardless of the adequacy of day-care facilities or the appropriateness of the job. To make matters worse, hard-won rights of judicial review for welfare recipients would have been curtailed by the Nixon bill.

Evaluating these fears is a problematic task, which Moynihan does not systematically attempt. In a thick, complicated book he finds little space for the detailed arguments raised by the liberal opposition. His focus, instead, is on motives. The liberals, he charges, could not permit fundamental change in the welfare system for they were too beholden to their constituencies of social workers, self-seeking spokesmen for the underprivileged and existing welfare recipients in high-payment states.

A more sympathetic phrasing could be constructed on the same evidence. F.A.P. offered epochal gains for the Southern poor at the price of a change in the rules with uncertain consequences for the mothers and children on welfare in the North. Liberals chose to be strategically conservative.

What lesson is to be learned? Moynihan, though defeated in this instance, draws a happy conclusion. Quoting W.H. Auden, his epigraph states the theme: “In the prison of his days/Teach the free man how to praise.” His opening and closing chapters offer praise for the American political system, which can broach (and, Moynihan trusts, one day accomplish) “fundamental reform” such as the substitution of F.A.P. for welfare. That a Republican President could offer F.A.P. and carry with him a fair portion of conservatives, Moynihan contends, testifies to the system’s remarkable capacity for change. That liberals could help shoot it down is but a regrettable example of the frustration and delay inherent in any great project of revision.  [Emphasis Added]

Microcredit and microlending are proven vehicles to raise communities out of poverty. The new struggle is for economic self-sufficiency. This country is in a wrenching moment in history because credit crunch weasels through maneuvers that a skilled Vegas high roller would have avoided, have put this country deep in debt and indebted to others. One can only speculate, but had Dr. King survived he would have probably been leading the fight for jobs, preserving the middle class, and helping more of the poor into the middle class.  The new struggle is economic so that people have a roof over their head and can afford a choice of where to live. 

Robert J. Samuelson, the economist, wrote an opinion piece which appeared in the Washington Post, which questions the value of credit crunch weasels to this economy and this society. In A Wall Street Pay Puzzle Samuelson says the following:

Why does Wall Street make the big bucks? A nation with 10 percent unemployment is understandably puzzled and outraged when the very people at the center of the financial crisis seem to be the first to recover and are pulling down fabulous pay packages. At Goldman Sachs, the average pay for 2009 has been estimated at nearly $600,000; at J.P. Morgan Chase’s investment bank, it’s been reckoned at slightly below $400,000. These averages conceal multimillion-dollar bonuses for top traders and investment bankers; underlings get smaller sums. Are Wall Street’s leaders that much smarter and more industrious than everyone else?

By their own admission, they’re not. Testifying last week to a congressionally created commission, Wall Street chief executives conceded that their errors directly contributed to the crisis. Wall Street money moguls may be bright and diligent, but they’re not unique. It’s where they work — not who they are — that’s so enriching. A study of Harvard graduates found that those who went into finance “earned three times the income of other graduates with the same grade point average, demographics and college major,” reports Harvard economist Lawrence Katz, the study’s co-author.

Is it possible that what Wall Street does is three times more valuable to society than other well-paid occupations? That’s hard to believe. It’s not that Wall Street is just the vast casino of popular imagination. It helps allocate capital, which — done well — promotes a vibrant economy. In 2007, Wall Street firms enabled businesses to raise $2.7 trillion from the sale of stocks, bonds and other securities. But Wall Street sometimes misallocates capital, as the 1990s “tech bubble” and today’s crisis painfully remind. The huge social costs (high unemployment, lost income) refute the notion that Wall Street consistently creates exceptional economic value that justifies exceptional compensation….

All this provides context to today’s pay controversies. Wall Street may be greedy — who isn’t? — but the explanation for its high compensation is its economic base (wealth, not production). That’s why it’s so hard to control or regulate. Since the 1960s, the industry has changed dramatically. Then, revenue came mainly from commissions on buying stocks and bonds for others. In 1966, commissions were 62 percent of revenue. Now, firms mostly make and manage investments for themselves and others. In 2007, commissions provided only 8 percent of revenue.

The transformation has made Wall Street a greater source of potential economic instability. Some compensation packages exacerbated the crisis by offering big bonuses if big risks paid off. Because government provided a safety net for the whole system, it’s justified in taxing the industry — as President Obama proposed last week — to cover the costs, as Douglas Elliott, a former investment banker now at the Brookings Institution, correctly argues.

A larger issue is: How much should society concentrate on existing wealth as opposed to creating new wealth? Wall Street’s lavish pay packages may attract too many of America’s best and brightest. “It’s bad for the rest of the economy,” says economist Thomas Philippon of New York University, a student of the financial sector. “We also need smart brains outside finance.” If that somehow happens, the crisis may yet have a silver lining.

Hopefully, the pols will take this moment in time to make the structural changes to the economic system, which are necessary to preserve true competition, yet provide true economic stimulus to all parts of the society. Right now, the only people with a guaranteed annual income are credit crunch weasels.

The fight for the dignity of the person continues.

John Newton (1725-1807)
Stanza 6 anon.

Amazing Grace, how sweet the sound,
That saved a wretch like me.
I once was lost but now am found,
Was blind, but now I see.

T’was Grace that taught my heart to fear.
And Grace, my fears relieved.
How precious did that Grace appear
The hour I first believed.

Through many dangers, toils and snares
I have already come;
‘Tis Grace that brought me safe thus far
and Grace will lead me home.

The Lord has promised good to me.
His word my hope secures.
He will my shield and portion be,
As long as life endures.

Yea, when this flesh and heart shall fail,
And mortal life shall cease,
I shall possess within the veil,
A life of joy and peace.

When we’ve been here ten thousand years
Bright shining as the sun.
We’ve no less days to sing God’s praise
Than when we’ve first begun

Amazing Grace, how sweet the sound,
That saved a wretch like me.
I once was lost but now am found,
Was blind, but now I see.


Dr. Wilda says this about that ©