Wall Street Cab Driver

It was too beautiful this morning to get into the subway (and, surprise, I was running late), so I hopped a cab and asked the driver to drive through Central Park, so that I could enjoy the beauty that the car exhaust was destroying.  But I digress.

The cab driver mentioned how New York has changed since the 1970s even though he believes that there is more crime than the official statistics would suggest.  I asked him if he had always driven a cab, knowing in the back of my mind that anyone who didn’t know that you could get the Park Drive going south at 100th Street and Central Park West hasn’t been a cab driver for too long.

No, he was a bond trader and was laid off in 2000 when the bond markets were rocked by one thing or another.  He was a golf caddy for a while and he turned down a job back on Wall Street in 2001 because the pay package was too low.  Yup, you guessed it — at a firm in the World Trade Center.  Ok, Gordon Gekko, in this case, greed saved his life.  Actually, he isn’t really Gekko-esque.  After all, he is driving a cab.  He said the pay package was too low because bond traders were a dime a dozen and people were scrambling to get work.  But he had paid off his mortgage and cashed out of equities as soon as he was laid off, so he was ok.  Not rich, but ok.  Clearly, because he is driving a cab.

A serene cab driver who would rather compete for fares in New York City than go back to Wall Street.  Now that is saying something.

Doctor, heal thyself

The urologist who put up a sign saying, “if you voted for Obama, go somewhere else,” got his information from the Internet and . . . wait for it . . . it was misinformation.  We did not “misunderestimate” him (my favorite moment of the otherwise bleak Bush years).  He was flat-out wrong.

The Internet is an amazing tool.  It also must be viewed in its context.  Opinions — informed, ill-informed and maliciously disinformative — are out there.  It is up to each person to glean the facts, evaluate the sources and come to one’s own conclusion.  Just because I can write an opinion that you might read doesn’t mean that I am right, that I have all of the facts or that, quite frankly, I am interested in the truth.

Everyone is entitled to his or her own opinion, but that doesn’t mean that each opinion deserves equal weight.  I spoke to a tea party goer about a year ago that heard on an unnamed “news” station (ok, FOX) that the health care bill would give social security benefits to illegal aliens.  Ok, let’s set aside the fact that we are not talking about E.T., The Extra-Terrestrial, or Martians, and that they are humans deserving at least the catch-all phrase of “illegal immigrants”.  I asked this woman if she ever dealt with the government.  She asked me to get to my point.  I responded that even if President Obama were seeking to give away the money in the Treasury (which he can’t because there is a 3 trillion dollar deficit), that the government needs a social security number to take any action with respect to a person’s benefits.  So if someone doesn’t have a SSN (let’s assume that an illegal immigrant hasn’t stolen one because why impugn someone who is seeking a better life here, while there are native born executives of Enron and Madoff enterprises who have committed heinous crimes and haven’t yet had their days of reckoning), then it is impossible to give that person social security benefits.  The commentator was either mistaken or intentionally misleading.

Ok, let’s be honest.  MSNBC is slanted the other way and sometimes uses inductive reasoning — basing a hypothesis on one fact — and gets the whole analysis wrong.  For me, sometimes, it is analogous to watching a show about law or maybe a doctor watching ER or Grey’s Anatomy.  It strains credulity and sometimes is farcical.

However, when I realized that I paid more in 2009 taxes than most, non-celebrity, tea party-ers pay in two decades, I realized that I put my money where my mouth is.  I believe in universal health care, medicare and a safety net for those like my grandparents who slept at night knowing that, if they lost their jobs in sweatshops, their children would not starve.  As a child of those children — the embodiment of the American dream — I pay my taxes for those like my grandparents and my parents, and not for the ungrateful masses who are the tea-party-ers.  Why?  Because this is America, the greatest nation on Earth.  But if you don’t want to buy in, that’s ok.  But there are consequences.  How about we mess with your medicare?  Would you be partying then? I hope you get along with your neighbors because if I join your group, there won’t be money to pave the roads outside your homes.  But because of my belief in America, and my indebtedness to my forebears, you get to be parasites sucking on the dream of America.  To tell you the truth, I cannot wait to heave the yolk of your entitlement of my already heavy burden.

How about that?  Let the generous, gentler and kinder America (thank you, Bush I) reclaim what is America.  I live America — I work hard, I pay my taxes, I pray that the government is good, right and just, I do not believe in torture and I give charity to those who need help to jump start their lives.  Yes, what Jesus would do.  And I am a Jewish, lesbian, Ivy League educated, Northeastern elitist.  And I embody the promise and opportunity of America more than most of the greedy, uncharitable, talking heads that pollute our airwaves.

Bring it on.

Tea Party-ers in Revolutionary Get-Ups

Ok, I don’t get what was so great about the pre-Revolutionary War period.

Milk and water had deadly bacteria, “medicine” consisted of bloodletting and leaches, and the economies of the colonies went through more boom and bust cycles than we have in the 20th and 21st centuries combined.

Also, women didn’t vote, slavery was legal and an education was a luxury.  Life expectancy was short and infant mortality high.  You were either born into poverty or great wealth — no in-between.  There was war and its unspeakable human carnage.

In case the tea party-ers are not students of history, they are in the costumes of either the unofficial American aristocracy who made incredible fortunes from smuggling and the slave trade or those who were the impoverished masses and were controlled by that unofficial aristrocracy.  And the Boston tea party was a Samuel Adams’ instigated mob riot intended to rile everyone against the king of England.  All engineered by the wealthy colonials, not the “common people”.

If you are looking for grass roots democracy, try the Native American tribes on which Jefferson based his vision of government.

So, tea party-ers, what is your point?  If you want to go back to that time, well, have fun but count me out.  I would rather deal with a spoiled society on the verge of global devastation, but with the brain power and ultimately, I hope, the conscience and the technology and intelligence, to figure out how to save our earth and our humanity.

But if you just want to dress in knickers and wigs, then knock yourselves out.

Toxins aren’t only in labs

A great philosopher and life coach (and a college friend) once offered up a simple, yet mind-blowing concept:  situations and relationships can be toxic.  Now, this great philosopher and life coach may reveal herself in a comment but I do try (as best I can) to exercise some discretion in naming names.

Think about that: not just WMDs and not just science experiments gone wrong, but the relationships can be, well, combustible. Or more often, a slow carbon monoxide leak.   And this is true in business relationship as well as love relationships as well as family relationships.

 

It is possible to overstate the point.  My child’s periodic tantrums and exhortations of “I never get to do ANYthing” are annoying but they are not toxic.  And they are more than balanced by the sheer joy I get from spending time with my partner and our son.  My partner and I may argue, but we are soul mates.

Even relationships that ostensibly start out fine can turn toxic.  They get toxic when one feels bad and unloved and exploited.  But we must remember that relationships are not balanced all the time, every day.  For example, recently I have been leaning more on my partner for emotional support than usual (and I am so lucky to have her).  So, technically, there is an imbalance.   And I may never be as supportive of her as she is of me now, but as long as she feels loved and respected and appreciated, that can also balance the cosmic equation.  Toxicity comes in when the power in a relationship is taken or (let’s admit it) ceded to one person.  Usually that happens out of fear but sometimes it happens because that is the only relationship model one knows.

Over some months, I realized a dangerously high toxin level in one relationship.  Still, I was desperate to keep it in part for economic reasons, but mostly because I was looking for vindication, acceptance and a great epiphany that I imagine I deserved.

I keep reminding myself that if I knew I was being poisoned by carbon monoxide, I’d run, like the wind.

Still, breaking up stinks even if it is for the best.

Weave these threads into your reality

In one city, Costco takes tomatoes off its shelves because Sarah Palin is scheduled to appear.  I am sure that Costco wanted to protect the tomatoes from an ignoble end.

In Copenhagen, 193 nations are trying to agree on something — anything.  When was the last time you got consensus in a family of three members? 

Did you know that the food industry is responsible for 1/3 of all of the world’s carbon emissions?  Give up grapes in winter and the save the world.

We are trying to agree with China on important things — North Korea, carbon emissions, sanctions for Iran.  How about we start with something small, like, “it’s a lovely day, isn’t it?”

Now, no one likes the health care reform bill.  The Congress behaved so badly, but of course it is Obama’s fault.

A Republican senator wanted to run out the clock on health care by requiring the reading of a laborious and largely symbolic amendment to the health care legislation.  Debate, I get.  Screaming and yelling, sure.  Stonewalling?  Outrageous.  That senator ought to be in the penalty box for the rest of his term.

I can drive my Hummer, but Obama, Obama, needs to save us from Waterworld (I really can’t handle that horrible 1980s/90s movie turning out to be prophetic).

If Obama doesn’t fix health care, lower carbon emissions, balance the budget, reduce the deficit and increase jobs, ALL IN ONE YEAR, he will have failed.  If I remember my anniversary, I am golden for 12 months.    Wow, his job really sucks.

Being a pundit or a talking head must be great.  Sanctimony with no responsibility.

Democrats are imploding

The GOP can just buy popcorn, sit back and reeeeeelax.  The Democrats are snatching defeat out of the mouth of victory.

We have Democrats who won’t let the health bill out of committee for a debate.  Not a vote.  A debate.  Joe Lieberman, Mr. GOP in an IND’s clothes is also squelching debate.  And to think he was almost a DEMOCRATIC Vice President. 

WHAT IS WRONG WITH DEBATE??  Yes, if it goes to debate and most people vote on party lines, it will pass, so those opposed definitely want to kill it in committee where it takes a super-majority to open debate (a little ODD if you ask me) but that is the risk with democratically elected representatives.

Also, will the Democrats PUH-LEEEEEEZE stop spending TARP money.  Everyone wants to claim a couple billion here and there to fund projects. 

Before we spend more, let’s see if it is necessary.  In the meantime, reduce our daily interest costs by paying down the deficit.  Do you like paying half a billion a day to service our enormous debt?If my father thought that I ever carried a balance on my credit cards, he would wonder if he raised me right.  (For a year or so in law school, I did.) 

All this does is make it impossible for our President to succeed.  And, if he fails, America fails.  We cannot stand still and survive as a prosperous nation and a superpower. 

(As much as I disagreed with George Bush, I always hoped he was right because he was (at least once) the democratically elected President of the United States.)

Blackberries, iPhones and other means of electronic torture

A few years ago, we were always on our blackberries because we were always juggling deals and family, etc.

Sometimes, we would look at our blackberries to be passive-aggressive if we were angry with our spouses.  Not with my spouse, however.  I tried that for one week and, thereafter, when I came home there was the ceremonial handing over of the blackberry to her and she would throw it somewhere, at least until dinner was over.

Now we are always on our blackberries, fiddling with the battery, checking whether the wifi is on, because we can’t imagine that no one needs to reach us immediately.  In fact, I have three different electronic gizmos just in case one doesn’t work.

Blackberries won’t give us business and restart the economy, but looking at it all the time will anger friends and family.  Sooooooo, I am starting a 12-step program.

“Networking” is a drag

So, last night, I go with a colleague to a networking party in our professional field.  I realized after scanning the faces in the crows how many of my friends and clients lost jobs.  I knew a few people there but not many.  After I spoke to them, I decided that I would just introduce myself and start talking to whomever and even work my way toward introductions with potential business sources. 

I was, in essence, speed-dating.  Some conversation starters worked, some didn’t.  Some situations were uncomfortable (as in former clients) and some were comical. 

I was trying to meet this important guy who was clearly not interested in talking to me.  But I planted myself next to him — why not? he doesn’t give us business now so what do I have to lose? — but unfortunately I also planted myself in the path of the waiter staff trying to pass hors d’oeuvres.   Someone in the conversation asked me what I do (as in for a living), and “I said I try not to get in the way and I am not always successful” as another waiter nearly beheaded me (AND I had moved out of the way) with a tray of almond crusts chicken on skewers.  Then we start talking about facilitating transactions and someone spills wine on my blazer.  “Don’t worry,” I say, “the color is midnight blue so no one will notice”.  Needless to say, I felt like the comic entertainment.  And my blazer needs to be dry-cleaned.

GMAC is different than CIT

CIT is a huge lender to small and middle-market businesses. 

If we want to keep the main engine of our economy from falling off a cliff, we ought to be more worried about the survival of lenders to small and middle-market companies than whether someone at Goldman gets $10million or whether seniors get a $250 check. 

Were all lenders taking outrageously stupid risk?  Yes.  Should they all have a time out?  Yes.  Should they make a lot of money? No.  But, first we need to shore up cash and credit availability to the backbone of our economy.  Then we can point fingers. 

Remember, the ambulances come to a scene of a shooting and take all the injured away and treat them.  After the dust settles, one of them may be in prison (or getting a lethal injection if he is in Texas).

Sure, Goldman, give out billions

but, first, put cash in an escrow account equal to all loans and other finance arrangements guaranteed by the US Government.  Second, the US Government will no longer guarantee those loans and other finance arrangements.  Whatever is left, go ahead, give to your heart’s content.