Random Thoughts from a Day of American History

January 20, 2009

On this brisk, January morning, President Barack Obama was sworn in as the 44th president of the United States. The transfer of power was swift and peaceful. It was indeed an historic occasion replete with memories for all who experienced it. While I am seemingly one of only a dozen or so citizens not on the lawn in D.C., I have made some key observations from my living room.

1. John McCain seems to say "I can't look" during the swearing in. The gentleman next to him is a disguised Mitt Romney, taking photos of things he likes as he begins planning his inauguration in January, 2013.

2. Left - Supreme Court Justices Stevens and Scalia lament to Chief Justice Roberts that they had no idea their hats were so hideous. Right - We see Hillary Clinton right before she finds out that she isn't the next president...

3. Senator Feinstein had WAY too much exposure on this day. As the head of the Inaugural Committee, she was apparently required by the Constitution to be next to (or in front of) the new president at all times. My favorite moment was following the swearing in, when President Obama entered the Capitol to sign his first executive orders. The President signed the orders in the company of the vice president and...you guessed it...a California senator. Oh the tradition. As the President was signing, Feinstein oohed and awwed at his "beautiful signature." She went on to comment about how she "used to be a lefty, too, before the accident." You could see the annoyance in President Obama's eyes; it was a scene analogous to a high school senior's nagging grandma hanging out with and making comments to all his friends on graduation night.

4. Of the nearly 2 million estimated people viewing the parade, 1.7 million of them were secret service agents. In all seriousness, how in the world do they keep the president safe in such a situation? I find their training and skills truly incredible. I do feel, however, that they should be allowed to wear track suits or something more conducive to running, wrestling, jumping, etc. I wouldn't want anything, including restrictive slacks or a trench coat, impeding the men and women responsible for protecting our government officials.

5. Today, we all have a new president. Republican, Democrat, Independent, Libertarian, and whatever it is that Tom Cruise is all have to come together to get through these hard times. I pray for our new president's success and for the continued perserverance of the American people. We can make it through a recession, a war on terrorism, and a looming decline of moral values. What we can't handle, however, is another day with Senator Feinstein at the microphone. I'm glad this day is history.

Greedy turns into Needy

Isn't it amazing how our economy went from penthouse suite to basement closet in a matter of a few years? I have noticed some very interesting attitudes regarding money that, if paid attention to earlier, could have saved us from the current mess we are in.

I'm no economist, but I am part of the world economy (albeit a small contributing member). And it seems to me that greed, both micro and macro in nature, has led to the need that we now experience as a nation.

Case Study: Not long ago, I was working as a construction superintendent for a national home builder. There was a sense of invincibility within the company and we couldn't build the houses fast enough to meet demand. Lines formed outside sales offices and lotteries with all the flair of the NBA draft selected who would be able to buy a home this week. Most of the homes we sold went to out of state investors who heard about the "wonderful" deals that were "sure-fire" bets to make money. In-state buyers were generally mesmerized by the low prices and despite being highly unqualified to purchase a home, were "pre-approved" in a matter of minutes. Hence, we meet the perfect trifecta of greed:

The Home Builders - These heavyweight contenders just couldn't contain their greedy little selves and proceeded to build home after home after home. They didn't care what consequences would come from over-saturating the market with false equity and empty houses. They epitomized the attitude of "eat, drink, and be merry." How robust are those evening meals looking now? Wendy's dollar menu?

The Lenders - We know what happens to unscrupulous lenders...they get bailed out and spend a fortune on California vacations. Santa's naughty list included names like Fannie, Freddy, and those annoying little Lehman boys. These characters just couldn't resist the urge to take anyone's money, whether they had any or not. For the first time ever, mortgage applications had only 3 boxes: Name, Address (or location of the nearest 7-11 if address is unavailable), and Desired Amount of Cash. Downpayments for homes were less than downpayments for dogs at the mall pet store.

The People - The often forgotten culprits in this whole mess are the very consumers themselves. There are those, who in good faith, bought a house with a ridiculous mortgage rate and ended up upside down in their payments when the market collapsed. I don't think they were being greedy. But some were. The people with 2 kids who upsized to a 7 bedroom house. The couple who bought 3 homes in Arizona, just because they could. The guy who said "I already made $100k on this house in the past 3 months, I'm going to buy a boat with that equity." (True story).

The problem was, that family couldn't afford the payments on such a big house, and now they can't sell it to find a better fit. The couple who snatched up all those neighborhood "steals" now has a 2 page list of foreclosures on their credit statements. And the guy who had a bunch of equity? He hadn't made anything on that house because he hadn't sold it! And now his boat is a $30,000 reminder that he failed high school economics.

The housing industry was by no means the only culpable party to our financial mess. Investment firms, corrupt executives, worthless politicians, relentless unions, and others have added fuel to the fire. This small case study, however, is relevant to us all. The lesson learned is to live with what we have and save a little for a rainy day...or month...or year. Maybe even 4 years. (no political jab intended). The point is, until we can start living without greed, we will never live without need.

Who needs a boat, anyway? Too much maintenance.

Saving Santa...and themselves

This is a Norman Rockwell painting that graced the cover of Boys' Life, a magazine published for the Boy Scouts of America. For the past 7 years, I have had the opportunity to work with Boy Scouts of all ages. While I'm pretty sure none of them have ever saved Christmas by pulling the big fella out of the snow, they have all taken steps in saving themselves in this topsy-turvy world we have created for them.

You've seen them, they're the annoying boys who constantly knock on your door to get the ball they threw over your fence. They're the ones who spend way too long filling up their sodas in fast food restaurants. They're the ones that are too loud in the library or at church.

But they are also the ones who get up early on holidays to put up American flags. They are the ones who spend countless hours collecting food for the less fortunate. They are the ones who put their fears aside and climb to the tops of mountains. Yes, they are indeed the very essence of what is good about America.

While others of their age bracket fill the air with foul and degrading language, Boy Scouts work on merit badges like communications and public speaking. While others pollute the world with graffiti and litter, Boy Scouts earn badges like painting and environmental science. Others participate in gangs and neglect schoolwork, but Boy Scouts participate in merit badges including family life and scholarship.

Make no mistake: today's young men are buried in the snows of negative influences. They can, however, pull themselves out if given the chance. I credit the Boy Scouts for leading the way in rescuing every young man from the snowy mountains of a misdirected adolescence.