Friday, October 05, 2012

The "texualist" Justice Scalia and his convenient blinders

www.news12.com/full_ap_frameB.jsp?news_type=ap_national_worldnews&cat=national_worldnews&articleId=DA1N8R280&position=300&regionId=1&region_name=LI

This article says that "Scalia calls himself a "textualist" and, as he related to a few hundred people who came to buy his new book and hear him speak in Washington the other day, that means he applies the words in the Constitution as they were understood by the people who wrote and adopted them."

Now, if there was a chance that Scalia would respond to my interpretation of the Federalist Papers, I would write something more scholarly and comprehensive; but he won't, so I'll just attack one recent judgement of the SCOTUS, i.e. the Citizens United ruling calling corporations people.

Justice Scalia himself has said that he holds the Federalist Papers in very high regard, I therefore, refer the reader to No. 57 of the Federalist Papers (No. 57 was written by Madison)--I quote:

"Who are to be the electors of the federal representatives? Not the rich, more than the poor; not the learned, more than the ignorant; not the haughty heirs of distinguished names, more than the humble sons of obscure and unpropitious fortune. The electors are to be the great body of the people of the United States. They are to be the same who exercise the right in every State of electing the corresponding branch of the legislature of the State."

Now, I ask the very opinionated Justice this question, does he not think that corporations--via their coffers--disenfranchise Madison's electors by their inordinate influence and make a mockery of his words? Furthermore, for the sake of our country's future, I strongly suggest that he read the Federalist Papers during each and every god-damned decision that he writes.

Thursday, September 13, 2012

The Dismantling of Wall St.

Wall St can be dismantled without loss to investors and our economy would take off and we would reach new heights of prosperity. Here's how to do it:


  • Freeze all stock prices. (FP=frozen price)
  • Allow only the issuer to buy back the stock (the corporation). If a shareholder needs to liquidate, he can offer to sell back to the corporation for less than the FP but the corporation is not required to buy back.
  • A percentage of profits will be set for each corporation to quarterly buy back its stock.
  • While this is going on, Wall St facilities will be converted to a public investment house through which the public can invest in any corporation offering--to the investor--a satisfactory ROI.

What does this do? It will:

  • Eliminate crashes caused by nervous investors
  • Eliminate wealth disparity as there are no big players, sitting on their asses, skimming off the top.
  • Stop the Ponzi scheme b/c money earned in Wall St trades comes from those who will lose an amount equal that which is earned.
  • Importantly, the CEO of the corporation will no longer have to kowtow to Wall St by doing sometimes unethical things merely to maintain a high stock price.
  • Most importantly, money is being invested directly in our corporations and start-ups. Money with no middle men to skim off the top. Stock shares, remember, are invested during the IPO process but you could easily end up with zilch. Not so with my proposal

Wednesday, January 18, 2012

This is an idea to obviate the need for SOPA. (all rights reserved)

Product endorsements should be embedded right into the media. For the initial showing at the movies, a cereal product can be displayed at the kitchen table with the actors actually commenting on how good it was or making a humorous observation about the product.

Later, the media can be GIVEN to a "piracy" site with the original product or with another product replaced via high-tech video modification. The manufacturer can pay fees to the media moguls based on actual download count. It's a win-win

Moving outside the kitchen, there are plenty of billboards that can be modified to sell a certain product and the camera can delay a bit longer there.