Thursday, April 27, 2017

Get Ready For the Lying Olympics

I am so fired up right now. I haven't been this excited since Christmas morning, 1964. Seriously, the next several weeks are going to be awesome...Trump just released his tax reform plans, and you know what that means. "Let loose the dog's of hypocrisy," someone will shout, and the full flowering of literally everything that is wrong with Washington DC will be laid bare before our very eyes and ears. You're going to need a scorecard to keep up with all the flip flops, prevarications, disingenuousness and flat out whoppers on display everywhere across the political spectrum. I've prepared a cheat sheet to make it easier for you...

Republicans 

When you hear one of these people downplay the negative impacts of deficits and the National Debt, you are being scammed. When Obama was in the WH, the skyrocketing national debt was a travesty.

Whenever you hear any Republican say that a giant infrastructure spending plan will add some multiple of value for every dollar spent, you are being scammed, since when any Democrat said the same thing over the past twenty years they screamed that the spending multiplier was a myth.

Democrats

When you hear a Democrat professing grave concern about ballooning debt and out of control deficits, you are being scammed, since over my entire lifetime they have exhaustively proven that they couldn't possibly care less about debt, or deficits.

No matter what is actually in Trump's tax plan, it will be excoriated as a giveaway to the rich. Even if it could be proven that 99.9% of the tax cuts were going to the poor, it wouldn't matter. It's a giveaway to the rich if even one rich guy gets one dime of tax relief. You could look it up.

In other words, our politicians have absolutely no credibility on this issue, but that won't stop them from catawauling back and forth debating tax policy. It will be infuriating to watch, but I won't be able to avoid it since it will be everywhere. By the time it filters down to social media, it will be even more garbled and partisan than ever. Rich vs. poor. Blue state vs. Red state.

I know what you're thinking, ok Smarty-pants, what's your plan?? Well, for starters, I'm just a private citizen so therefore, it's not my job to have a plan. But since you asked...

A flat tax would do quite nicely, thank you. The rate could be negotiable...15, 17%? Exempt the first 30,000 or so of income to protect the poor from having to actually pay federal income tax. To prevent the rich and connected from weaseling out of their obligations by paying an army of accountants to hide their income, eliminate all deductions. After all, that's what a flat tax is...a flat rate for everyone,  with no deductions. But Doug, but Doug, some rich people would end up paying less!! So what? Many more would end up paying a lot more since carried interest wouldn't be available as a tax dodge, and they could no longer have their McMansion subsidized by the rest of us. But Doug, but Doug, a flat tax would lower revenue to the government!! So what? I've had MY revenue lowered by the government plenty of times and guess what...I adjusted. So will they. By the way, I've done the math, and I would wind up paying more under a flat tax with no deductions, than I do now...and I'm still for it!

Before you start ripping a flat tax, ask yourself this question. If by instituting one you could, as a bonus, do away with all of this infuriating weasel language coming out of Washington for the next couple of months, wouldn't that alone make it worth doing??


Wednesday, April 26, 2017

Ann Coulter and Free Speech

The First Amendment, specifically free speech, is taking a beating lately. It is a striking reality of our times that in an era of proliferating free speech delivery systems (the one I'm using right now being unimaginable twenty years ago), the old fashioned, retail variety is getting hammered. Witness the unseemly spectacle unfolding at Berkeley.

Writing a blogpost defending the likes of Ann Coulter is much like kissing your sister, appropriate at times, but highly unsatisfying. In the early days of her ascendancy, I liked her books and even bought a few. She was fresh and provocative and the women had a flair for the biting phrase. She had a swashbuckling style which appealed to the bomb-throwing cynic in me. But, with each passing year she has been transformed into something outlandish, a cartoon character committed to nothing higher than being noticed. Her views have taken on a nastier, more brutish tone, and I have soured on her schtick. Of course, it's possible that she hasn't  changed at all, but rather I have changed over the years. Nevertheless, Ann Coulter has the right to speak at a tax-payer funded institution of alleged higher learning if she is invited.

There are people out there who hold views which I find infuriating and unconscionable. There are people who, when given the chance, disparage my country with the vilest slanders imaginable. According to these sort of people, my country is the focus of evil in the world. America, in their telling is a lying bully, roaming around the world sowing discord. We are responsible for all of the world's problem because of our capitalism, our consumerism, our power. They give us and our 240 year history no credit for anything positive, in fact, have created cottage industries out of revising the history of this nation to turn every good thing we have ever accomplished as a people into something unrecognizable. Diabolical motives are assigned to every positive development. The Founders? Nothing more than rich, slave-holding men with white privilege trying to enrich themselves. The Bill of Rights? An overhyped, veiled attempt to restrict the power of the government. Fighting a Civil War to end slavery? Nothing noble about that, just a bunch of money grubbing oligarchs trying to expand their markets. Democracy? Nothing more than a bourgeois obstacle to be overcome in the long arduous journey towards the utopia which will be the worldwide victory of the Proletariat and the glorious future of Communism.

People who believe these things stand at lecterns every single day in Universities all over this country. Many of them enjoy tenure. No matter how far out of the "mainstream" of contemporary thought they might be, their positions are secure, their right to spread their views unchallenged.

But, somebody invite Ann Coulter to speak to a couple hundred people, and all hell breaks loose.

Here's the thing. When I was in college, occasionally I would have to sit through a lecture given by a Marxist. I would listen. It was uncomfortable. I objected to most of what was said, but I listened. Mostly because I had no choice. I was a captive audience, because he was my Professor. I am aware of no requirement that anyone at Berkeley has to attend Ms. Coulter' speech. If  Angela Davis had been invited to campus when I was there, wild horses couldn't have dragged me to hear her. But, it never would have occurred to me back in 1980 to try to prohibit Angela Davis from speaking. This is what I don't understand about the modern University experience. If someone with whom you disagree gets invited to speak, you have to make an ass out of yourself by shouting him down? What's so liberal about that value? That's just acting like a spoiled child.

Here's my suggestion for the leftist radicals at Berkeley....let the woman speak. Then go back to class and be comforted by the next lecture in your America As Cultural Rapist class.


Tuesday, April 25, 2017

Stress-neck, and a shoutout to my Father-in-Law

It has been my experience that during periods of high stress, the body reacts poorly. It's as if it wasn't built with anxiety in mind. Some might refer to these physical symptoms of stress as psychosomatic disorders, the mind playing tricks on us to divert us from whatever unpleasantness we happen to be going through. "You think dealing with your rebellious kid is difficult...wait until you get a load of this killer migraine!!!"

In my case it's always been intestinal eruptions of some kind. I will not go into any of the gory details, but whatever you might be imagining is probably not as disgusting as it actually is. Pretty horrible. But lately, ministers of grace be praised, my intestines have been functioning like a well oiled machine....which may be the single worst metaphor I have ever written. No, the new physical manifestation of stress for me is...a stiff neck.

I first noticed this strange phenomenon a couple of weeks ago. I had printed out a 40 page FAQ produced by my broker-dealer which attempted to explain the upcoming regulatory mandate from our friends at the Department of Labor. I had set aside an uninterrupted hour to read through the thing, when about fifteen minutes in I felt my neck tighten up. By the time I finished about an hour later, my neck felt exactly like it feels when you wake up after sleeping on it funny. I had a crick in my neck, out of nowhere!!

Since that day it has come and gone at least five times that I can count. The last sighting was last night when I was talking to Pam about work worries. One minute I was absolutely fine, the next minute I couldn't hold my head upright without big time pain. Taking muscle relaxers and Aleve helps some, but what really helps is to stop thinking about the Department of Labor regulations. Which means...it's all in my head...right?

This is a bizarre thing for me to accept. If there's really nothing physically wrong with my neck, and therefore no good reason for it to be hurting, why can't I prevent it from happening? How is it possible for nothing more than a worrisome thought to inflict real pain? For me, this is no different than telekinesis, something that really isn't a thing, except in the movies. I should be better than this. I should be able to worry about stuff, or more accurately...be concerned about something without having to deal with muscle spasms!

Speaking of causes of high stress, my Father-in-law's birthday is today. Although I couldn't resist making a joke at his expense, nothing could be less stressful than an encounter with Russ White! He turns 80 today. He doesn't look it or, even better, act it. My wife, in no small part, is the person she is because of the fine example of kindness and goodness illustrated for her by her father. Russ is a good man in a world where good men are harder and harder to find. He's smart, funny and devoted to his family. Although he remains a loyal Redskins fan for reasons that are unclear, he did introduce me to the agony and ecstasy of Red Sox baseball, which is something for which I'm not sure I should thank or blame him. In the nearly 33 years that I have been married to his oldest daughter, he has always been supportive of us and an ally on whom I could depend. He has been a loving and proud grandfather to my children, and if they will get on the ball, Russ will no doubt be a stellar Great-grandfather. Even though 80 sounds old, when I think about Russ, I don't think of that word. He's just not old. I really can't explain it, but if you know him, you probably know what I mean. So, happy birthday, Russ!

Monday, April 24, 2017

The French Vote...C'etait terrible!!

So, the first round of the French election is over, and the result leaves progressives the world over with a real Sophie's Choice. They can either support the multi-millionaire, former investment banker man, or make history by electing the first women to the French Presidency. Identity politics can be so confusing!!

But seriously, something weird is going on throughout the western world. The professional political class is being shown the door. What happened in France yesterday is hard for Americans to fully understand. It would be like us holding a presidential election among five candidates and the Democrat and the Republican both losing to the Libertarian and Green Party candidates. It's as if people everywhere are looking at what has become of our world over the last twenty five years and are saying, "What the hell, let's give _ _ _ _ a chance. He/she surely couldn't do any worse than these clowns we have now!" 

No way the British people will vote to leave the European Union, they said. Not a chance the American people will elect Donald Trump, they said. Le Pen is not a serious candidate for the French presidency, they said.

Now, of course, all the smart people are assuring the world that Macron will win in a landslide, since all of the defeated first round candidates will endorse him. (The prospect of the right wing National Front candidate, Marine Le Pen, winning the election is so beyond the pale for French elites, no other story line can even be imagined.) Now comes the part where the French glitterati will now all promise to leave the country if Le Pen wins. Soon, we will be treated to the delicious spectacle of thousands of French leftists rallying in the streets of Paris for a man who made his bones in the grubby capitalists pits of the financial industry, and who even now can't decide if he's a socialist or not! Great, another capable women being thwarted by a less experienced, less qualified, and younger man!! Hillary must be thinking..."Yeah, cry me a river."

I have no idea who will ultimately win the French election, but I do know this...If I were an establishment politician running for anything in the Western world right now, I would be nervous.

Saturday, April 22, 2017

A Tale of Two Dinners

This is a tale of two dinners, one of which hasn't actually happened yet, but why let a mere timeline get in the way of a good story. The first dinner happened a couple of nights ago at the Grapevine restaurant in Short Pump. The second will happen tonight at Firebirds in Fredericksburg.

Dinner at the Grapevine...

It is now an irrefutable fact of life in the modern American church that the term Sunday School must never again be uttered in polite company. It sounds silly to 21st century ears, and what could be more of a turnoff to a budding seeker than the idea of church as...school? So, several years back, all the very bright people in the church growth game devised a new term...life groups. By way of definition, as far as I can tell, a life group is an association of 8-12 people thrown together randomly or using some sort of demographic dice roll algorithm, which seeks to serve as a mini-church. By this I mean, the people in this group meet periodically to study the Bible, talk about life's struggles, and hopefully get to know and love each other. The group serves as a connection for small groups of people who are part of the much larger and more impersonal church where it's much harder to feel such a connection. This group is supposed to function as a support mechanism, one which can be designed for people of the same age and station in life. In other words....Sunday School. Except, the meetings don't happen at church and never on Sunday...and usually there's food.

Anyway, as you all know, Pam and I have been attending Hope Church for several months now, so we have been exposed to the plaintive pleas of practically every speaker extolling the virtues of the sainted Life Group experience. They even offer the occasional life group mixer, whereby a room full of a hundred strangers gather to mingle to see if something magical might happen. It's called Group Link night. Think, speed dating only ten times more awkward. No thanks. Luckily for us, we actually know one couple at Hope and as fate would have it, that couple has been in the market for a life group, and since they have been going to Hope a lot longer than us, they know several other couples in the same boat. So he took the initiative to extend an email invitation to five couples about the possibility of forming a group. "How about we all agree to have dinner at the Grapevine?" He asked. "We can talk about it over baked spaghetti and baklava and see where it goes," he said.

So there we were Thursday night in the parking lot of the Grapevine staring at the mass-produced Michelangelo's David knockoff in all of his anatomically correct glory. I remember thinking, "Great, I already feel awkward and I'm not even out of the parking lot yet!" I can think of almost nothing more fraught with land mines than having dinner with a group of perfect strangers where the goal is to like and be liked. So many things can go wrong. First of all, your's truly is an acquired taste, which is the most polite gloss I can put on the fact that I can be hard to warm up to, even in small doses. I'm opinionated, a bit loud, and am famous for speaking before thinking, which can lead to awkward moments. This unfortunate trait has been a constant source of embarrassment to Pam over the years, bless her heart. In addition to my loose cannon lips, there's also the issue of my inability to sit still for long periods of time. So, this night had the potential for being difficult for me, but horrible for Pam. Then, there's the issue of everybody else at the table. Who were these people? Suppose they were all flaming liberals, or worse, rabid Trumpsters?? Suppose they all hated baseball, and loved soccer?? What if they were all cat people??

I'm happy to report that none of my fears were justified. Everyone couldn't possibly have been nicer. The conversation flowed naturally. I didn't say anything outlandish or controversial, and as a bonus, I made it nearly an hour and a half before I had to stand up! These were people who I could see becoming friends with, people who I really wanted to get to know. We made plans for how we wanted the group to work, agreed on some guidelines and how often we would meet. We get it all started in May. A good night.

Dinner at Firebirds...

This will be a family affair. Every once in a while, and never often enough, all of my siblings get together for dinner. To help accommodate my brother who lives in Maryland, we eat in Fredericksburg, which means that his drive home is only ten hours instead of twelve! Of course, because we are Dunnevants, the decision on where to eat required an exchange of 35 emails, gastronomical putdowns, dueling reservations etc..etc.. eight chiefs, no Indians sort of thing. But, when we get there tonight at 5:30, it will be great. Unfortunately, for the other patrons of Firebirds, we will be the loudest table, which will require very generous tipping in order to ever be allowed back. Whoever our waiter is will long remember his/her encounter with us. Someone will insist that although she wants a steak, there must absolutely, positively be no blood on the plate. At least one of us will probably try to order something that isn't on the actual menu. Somebody will order something,  but add some weird request...."yeah, I'll have a BLT, but leave the tomatoes off, oh and I'm not a big fan of lettuce."  

The conversation will be all over the place, leaving no stone unturned from issues of the day to "what the heck is wrong with cousin _______?" Of course, we will talk politics, baseball, tell stories about Mom and Dad, getting weepy while doing so. Then we will pivot to our kids...Christina, Jenny, Sean, Lauren, Becky, Kaitlin, Patrick, and Ryan. Nodody will think it weird when I stand up and walk around the table a couple of times. I won't have to worry about whether they will like me, I won't even have to worry about saying something controversial, in fact they will all worry if I don't. See, that's the great thing about family, everybody knows you, and loves you anyway. I don't have to be so guarded, I don't have to do anything except be myself.

So, I can write about tonight's dinner before it even happens, because I know it will be great. How wonderful is that?

Friday, April 21, 2017

Frustration and a Lesson From My Son

I have a feeling that this blog is going to be a disjointed hodgepodge of a thing, largely because my week has been a disjointed hodgepodge of a thing. Whatever is in my head always seems to gush forth onto this space, despite my best efforts at self-editing. So, having fairly warned you of the turmoil lurking around in the great barren plains of my mind, proceed at your own risk.

For those of you who own your own businesses, you may better understand what I have been dealing with this week. I am a 35 year veteran of my line of work, the past 20 of which as an independent investment advisor, running my own shop. This week I have had an epiphany of sorts. I have figured out why my work has suddenly become so much more frustrating than I ever remember it being 30 years ago. It's always been difficult, but not tediously frustrating. Here's my theory, one I think covers many different businesses, not just mine. The skills required to build a business are not the same ones required to sustain it. When I got my start back when dinosaurs roamed the Earth, I needed four basic skills to survive and eventually succeed:

1. Tenacious determination. 
2. Creativity
3. The power of persuasion 
4. A finely tuned moral compass

Without any one of these, I would have failed. With all of them, I nearly failed. I needed to be tenacious because I was dealing with daily rejection, the grinding, soul crushing routine of being told to take a hike roughly 100 times a day. Therefore, I had to learn to be creative, to figure out new and better ways to convince people to give me a chance. Once given that chance, I had to be able to convince. I had one shot to persuade someone to let me compete for their business. Finely, it didn't take long for me to figure out that if one possessed a felonious heart, mine was a terrible business to be involved in since it would be relatively easy to take advantage of people. I suppose I have my parents to thank for instilling in me a firm commitment to the Golden Rule, that in matters of commerce, it was my responsibility as a Christian to do what was best for my client, not my checkbook.

However, having built a business, I am finding that the skill set required to sustain and administer an enterprise are not necessarily the same ones I needed to build the thing. Much of this is the result of the regulatory regime that has grown up around the advisory business over these past 35 years like so much crab grass and chick weed in an unattended lawn. With the rise to dominance of lawyers in our society, simply having a moral compass is not enough. I've had to change how I think, learn to question everything, every procedure by asking one overriding question, "Will this get me sued?"

The skills I now need are as follows:

1. Computer and technological savvy
2. Ninja level powers of organization
3. Expert record keeping 
4. Ability to read and understand sentences which begin with the phrase, 'The party of the first part...'


I possess roughly none of these skills....hence, my frustration.

On a related note...yesterday morning I exchanged some short, perfunctory texts with my son..."what's up? How's your day going?.....doing great, how about them Red Sox?"  Routine stuff. But then I did something I seldom do. I told my son that I was having a difficult week, and actually asked him to say a prayer for me. Whenever we ask people to pray for us, it's almost a throwaway line, something you say just to communicate to the other person that things are tough at the moment, not really expecting them to actually drop what they are doing and...pray for you. Here's what my son said...

"Will do Dad.

I use these from the Book of Common Prayer. The first one is one I say often, the second is one I've used occasionally when stressed. So, I'll pray both of them today on behalf of both of us...

Lord God, almighty and everlasting Father, you have brought us in safety to this new day: Preserve us with your mighty power, that we may not fall into sin, nor be overcome by adversity; and in all we do, direct us to the fulfilling of your purpose; through Jesus Christ our Lord. Amen.

Heavenly Father, in you we live and move and have our being: we humbly pray you so to guide and govern us by your Holy Spirit, that in all the cares and occupations of our life we may not forget you, but may remember that we are ever walking in your sight; through Jesus Christ our Lord. Amen.

I am ashamed to admit that there was a time in my life, when I was about my son's age, when I would have disparaged anything found in something as dusty and old as the Episcopal Book of Common Prayer. I would have considered it the extra-biblical ramblings of people with too mechanical an association with God, people who really didn't understand what it was to have a "relationship" with
Christ. I felt the same way about Pastors who read their prayers. That was back when I was in my late 20's and knew everything there was to know about my faith!!! But, these ancient words brought great comfort to me. The fact that Christians have been using these same words for roughly the past 600 years felt like a profoundly holy and blessed thing.

The day we stop learning new things about our faith is a sad day, a day that marks the beginning of something rigid and lifeless, and worthless to others. I needed my son to teach me that lesson....again.

Wednesday, April 19, 2017

What Ever Happened to the Ossoff Spring?



Three days ago, I had never heard of this guy. He's a thirty year old documentary filmmaker who was running for a vacant Congressional seat in Georgia. The second it appeared that he had a shot of winning, the national press corps began carpetbombing us with adoring portrayals of one Jon Ossoff. The prospect of this guy winning a red seat once held by Newt freaking Gingrich was just too much for our Democrat dominated media to resist. They were positively giddy with the hope that somehow this guy might win the seat outright with 50.1% of the vote. One headline called him the Trump Slayer!! Full length essays had no doubt been written about what this shocking upset might mean for the Democrat party's chances of retaking the House in 2018...HINT, (it would be a sure thing!!!). Long retrospectives were ready for publication about how this tall, handsome, very liberal young man might just be the new blood the Democrats need to recast their image and message.

Unfortunately, despite a jaw dropping 8 million dollars having been spent from the DNC war chest, Ossoff came up short and now faces a runoff against a single Republican candidate instead of the 18 which were on the ballot yesterday. His chances of winning that sort of race are roughly equivalent to my chances of turning around an Aroldis Chapman fastball.

This morning, the crushing disappointment of the press is palpable. Glum faced reporters are everywhere reporting the unhappy news as quickly as possible, not wanting to cause too much despair among the faithful. They had been fantasizing on how awesome it would be to hang this loss of a Republican seat around the neck of Donald Trump. And now, it's over. The Ossoff Spring snuffed out before it even got started.

So far, no mention has been made about any possible Russian tampering. No reports of the roll played by angry white men in the results. But, it's only been 12 hours since the polls closed, so I'm sure we will hear something in the next couple of days. I mean, the press, like anyone else needs time to grieve after such a devastating loss. Even the most faithful and reliable water carriers need to take a moment to gather themselves when their hopes and dreams get crushed. So, I'm thinking that by Friday we will read about some shadowy Russian connection that convinced the Georgia Republican Party to brilliantly run 18 candidates against a single Democrat and in so doing falsely raise the hopes of the national press corps.

Trump's four dimensional chess strikes again!!