Wednesday, July 19, 2006

Reconfiguring the electorate

The Leadership Institute teaches top notch campaign management skills for today's evenly divided electorate which leaves the real decision making to the undecided voters. Absent strong political beliefs they are the reason we have government driven by short term polls and winning the weekly newscycle.

My exploratory efforts to seek the White House will change all that. I'm trying to fundamentally alter the electorate by offering a fundamental reappraisal of how things should be done. Frozen out of media coverage, and shunned by the GOP, I have to be nimble and imaginative in getting out my message.

Just as the telegraph revolutionized the politics of 19th century so too the net. Getting my ideas out through blogs which reach the opinionmakers directly. In the below New York Times Dealbook comment I get to lay out a Klein Administration's approach to credit policy.

J.P. Morgan Chase early Wednesday posted record earnings of $3.5 billion, or 99 cents per share, for the second quarter.

My comment:

As a shareholder in all the major money center banks, I believe they are so inherently profitable over the short and long haul, I feel they have no excuse not to absorb very mild and transient earnings’ softness by acting in the best interests of the community.

There is no excuse for the banks to issue non conforming mortgages in this highly inflated housing market. Such mortgages pump too much money in the system to drive up prices and encourage speculation.

What amazes me is the managements are family people. Don’t they ask themelves about the impact of unreasonable housing prices on their children’s and grandchildren’s ability to own homes and start families?

We are led by the Baby Boomers and their progency for whom common sense, self restraint and delay of gratification are alien concepts.

Comment by MARK KLEIN, M.D. — July 19, 2006 @ 7:57 am


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