July 21, 2004

Life Insurance

I beat the NY Times up all the time, but sometimes they get it right. There has been an interesting series on the sale and marketing of inappropriate financial products, including but not limited to life insurance and mutual funds, to soldiers. Apparently, for as little as $1500, you too can buy congressional intercession on behalf of your sleazy business practices. The first article is here and the second one, run today, is here. Go read the second one to understand my comment about how cheap it is to buy access.

This practice, by the way, stands in sharp contrast to the actions of the most prominent Americans during the Civil War. I have been reading, at night, the McCullough biography of Theodore Roosevelt, called, "Mornings on Horseback: The Story of an Extraordinary Family, a Vanished Way of Life and the Unique Child Who Became Theodore Roosevelt". The President's father, during the Civil War, was instrumental in creating the Allotment Commission. I find nothing of any consequence about it after a Google search, but let me explain.

The men went off to fight in the Civil War and left their familes and women behind, often made destitute by the lack of income after the men left their civilian jobs. Roosevelt, and others, conceived of the Allotment Commission. They presented it to Lincoln and secured his agreement. What was it? Simple. It was a mechanism by which Union soldiers could allot some portion of their pay to be subtracted from their pay check and transmitted directly back home. No one else had ever thought of this. Roosevelt traveled to practically every encampment and preached to the men the value of this service. Many signed up and many millions of dollars were sent home. This was a selfless act on Rooselvelt's part.

We dishonor the memory of the men who toiled on behalf of the common soldier, without recompense, by permitting these scum to prey upon our soldiers. It is just shameful.

Posted by: Random Penseur at 11:25 AM | Comments (1) | Add Comment
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July 20, 2004

"Root Causes"

This one may take me awhile, so if you plan on reading the whole thing, grab a pew, missy (as I tell my daughter when I want her to sit down and as she delights in repeating back to me). If you don't plan on reading this one, that's ok, I bet someone else is writing about this in a better way than I am.

The Root Causes. Everyone seems to think that we need to understand the root causes of terrorism, the root causes of ceaseless anti-American hatred, the root causes of anti-Semitism, the root causes of _______ (fill in the blank, how about obesity?). The world faults us for failing to understand the root causes. They want us to ask: why do they hate us? What did we do wrong? The media drumbeat on this point, in our own newspapers and from our allies, is as relentless as it is nonsensical and downright contemptuous.
more...

Posted by: Random Penseur at 11:57 AM | Comments (12) | Add Comment
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