"The liberal candidate may not win, but the conservative candidate has got to become more liberal. The drift of humane society is in that direction."
-Bob Eckhardt, 1962
It's hard to ignore the reality that we have become a very bitter country. Politics is the means by which we address societal challenges. It is rarely a pretty process, and the rancorous tone of the debate has become dispiriting. Real change comes from us not from government. Ask yourself; what type of energy are you bringing to the world?
"The liberal candidate may not win, but the conservative candidate has got to become more liberal. The drift of humane society is in that direction."
-Bob Eckhardt, 1962
Chris Shays loses his seat in
Medical Marijuana is legalized in Massachusetts.
Still no word on the
"Tonight we elected a President who has inspired a majority of Americans with his vision and policies, a man who is principally a leader for these times who happens to also be African American; and because of America’s stunning ability to move on and transform, to write a new chapter of our history, Barack Obama will be President during the 50th anniversary of the Civil Rights movement and the 150th anniversary of the Civil War.
"Tonight there are tears of joy and disbelief in small rural communities and inner cities, where for too long, some weren’t sure anything was really possible for them.
"Tonight new dreams are born and old truths are affirmed. Tonight we enter a new America, the best America, the America of our highest hopes."
>Electoral College Prediction Map - Predict the winner of the general election. Use the map to experiment with winning combinations of states. Save your prediction and send it to friends.
>Electoral College Prediction Map - Predict the winner of the general election. Use the map to experiment with winning combinations of states. Save your prediction and send it to friends.
David Brooks wrote a column in the October 28th NY Times entitled The Behavioral Revolution that got under my skin. I never do this, but I couldn’t help myself. I wrote him an e-mail. Here it is:
David,
You had me hot as a pistol at the beginning of your October 28th column (Human Frailty). Your assessment of public policy analysis was particularly ill-informed. Have you ever read Eugene Bardach? It may not have been part of your History curriculum at Chicago, but I have read you long enough to know that you are fairly well read. I suggest his "A Practical Guide for Policy Analysis" (first class, first semester of any good Master of Public Policy program). In it he outlines the "the Eightfold Path." The first step on that path is to "define the problem." The failure you point out with the current fiscal breakdown was not a failure of policy analysis. I'd be surprised if there were very many public policy analysts involved in the effort to deregulate the financial sector. I think that tar baby belongs to our friends from the business school.
Despite your conservative leanings, I find myself agreeing with you more than my liberal conscience is fully comfortable with. I agree that the failure was in large part due to, as Nassim Taleb asserts, "the existence of inherent limitations and flaws in the way we think and act." But this problem was not totally unforeseen. Many economists, financial and policy analysts have spoken for some time of the overly complex nature of our financial system.
Do you concede that it is possible that the system was designed by many people "engaged in calculating their self-interest" and that the lack of regulation and oversight started a snowball rolling downhill that eventually morphed beyond the control and/or understanding of financial services "industry".
I am a pretty liberal guy, but even I don't think oppressive regulation is the answer (Jamie Galbraith, eat your heart out). But how about the government create some guidelines for financial analysts to operate within that seek to simplify the process and create transparency and then get out of the way and let them run wild like the pack of savages that they are. The trade off, of course there is always a trade off, would be that violating these parameters would be a criminal act punishable by some form of disbarment (similar to the legal world) for malpractice.
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As a post-script I will add that the role of behavioral psychology is indeed lacking in public policy analysis. But that is a failure of implementation not the system for analysis of public policy. Unfortunately policy is usually analyzed in the context of partisanship. That assumes that a bias is guiding the analysis as opposed to the analysis guiding the ideology. I agree that the fallout from the financial collapse will be an emphasis on behavioral economics and that is a good thing.
The Los Angeles Times has weighed in. They have endorsed Barack Obama for President, saying:
“The excitement of Obama's early campaign was amplified by that newness. But as the presidential race draws to its conclusion, it is Obama's character and temperament that come to the fore. It is his steadiness. His maturity.”
“…the presidential campaign has rendered McCain nearly unrecognizable. His selection of Sarah Palin as his running mate was, as a short-term political tactic, brilliant. It was also irresponsible, as Palin is the most unqualified vice presidential nominee of a major party in living memory.”
“Obama's selection also was telling. He might have scored a steeper bump in the polls by making a more dramatic choice than the capable and experienced Joe Biden. But for all the excitement of his own candidacy, Obama has offered more competence than drama.”
“We may one day look back on this presidential campaign in wonder. We may marvel that Obama's critics called him an elitist, as if an Ivy League education were a source of embarrassment, and belittled his eloquence, as if a gift with words were suddenly a defect. In fact, Obama is educated and eloquent, sober and exciting, steady and mature. He represents the nation as it is, and as it aspires to be.”
Nicely said from a newspaper that has gone from “world class” to “world class joke” in a decade. Maybe the LA Times is turning things around. One can always hope. It could not get much worse.