Herb Kay's S.O.S. System
  March 30, 2010
  "I'm Herb Kay and the most important thing to know about me is that I'm not going to lie to you or pull your chain. Ever. In my S.O.S. Guides, I give you, well, guidance, in a straight-talking and step-by-step way. The website offers the "advice side" of my system. Here, in my blog, I'm going to dig a little deeper and get a little grittier. That's the opinion side of my system. Will I say something that might shock you? Maybe. Will I ruffle some feathers? Perhaps. Will you close the page with some food for thought? Absolutely."

The Herb Kay Way is the straight forward, never-mince-words way. Check out Herb's latest blog on your money, your career, your debt, the economy and the world we live in.
 
Pursuing Worthwile Goals
When Downsizing is a Powerful Tool
Can We Address the Important Issues?
Just a Sentence or Two.....
A Dose of Reality
Getting Involved and Taking a Stand
Study Up on Your Loans
Drop Back Ten and Punt!
Who Can you Depend On?
Some Sobering News About the Economy
Grab a Beer and Take the Slide Home......
Another Loophole, Another Lesson
What is Your Core Conversation?
Loyalty and Leadership
The Argument for Being a Grownup
The 'Business' of Complaints
Electricity in the Air......
Taking a Hard Look at the Figures
A Public Life
My "Advice" to You
Perspective vs. History
Worried Sick!
It's About the Kids!
Gooooooooaaaallll?
Where Will the Money Come From?
Immigration Arguments: Debunked!
Blame Policy, Not Banks
Happy Birthday America!
Crony Capitalism
G8/20 and What That Means For You!
Our Economy and the Free Market
Building a Bubble?
"Fixing" Our Problems
The $20 Billion SNAFU
A Screaming Deal!
Action Breeds Success!
It's Going to Take Some Effort!
Getting Our Lives Back
For Better or Worse......... I Prefer Better
The Pressure to be President.......
This Great Nation......
Financial Reform - Ha...what a joke!
Municipal Bonds are a thing of the Past!
Feeling Good!
Moving Forward
The Signs Are All Around Us
It's a Grim Diagnosis
Oh, the Pressure.....
The Big Fat Greek Fallout
It's Getting Ugly......
Perfection is a Myth
Be Different
Moving on While Moving Ahead
An Immigration Abomination
I've Got a Question.......
Logic vs. The Logistics of Inflation
The Free Market - Greed at its Very Best
Informed on Inflation
Don't Fix What Isn't Broken
Harnessing Energy - The Herb Kay Way
Staying Ahead of the Curve
What Trade Deficit?
Greek to Me
There's a Bridge in Brooklyn......
Problems That Don't Exist
Don't Invest in Mediocrity
The Fed's Mutually Exclusive Roles
Deadly Serious
Election Year Scapegoats
"Willfully Insane"
Balancing your Beliefs - How Our Political Convictions Influence the Debate Over the Economy
Let's Reward the Renters
Don't Plug the Hole.......Replace the Bucket!
Europe's Safety Net
The Collapse of the System
Apple Makes a Lemon
Pot, Capitalism & The Free Market
Who is Your Banker?
Real Estate? Now is NOT the Time!
Grading on a Curve
When the Inflation Stars Align
When Foolishness Goes International....
The Recovery?
The Competitive Advantage of Reaganomics
What Wednesday Brings.....
Stopping The Addiction
Signing On The Dotted Line
Be Optimistic - Not Foolish
The Real Story
Selling Your House (and your credit) Short!
The Entitlement State
It's Anyone's Guess
Ask, And You Just Might Receive
Crazy Like A Fox!
It's Only Tuesday!
Spending Some Time - Cutting Spending
There's No Such Thing As Easy Money!
What Exactly is Responsible Borrowing?
Just Bite The Bullet
With Change Comes Turmoil
Q & A......The Herb Kay Way!
Wanna Bet? Gamble on Inflation!
A Lesson on Education
Two Different Beasts: Why Price Does Not Equal Wealth
For this Party - Three's a Crowd
Good Luck With All of That!
Dear Mr. Bank President:
It's Not That Simple
Raising the Stakes
State of The Union: The Herb Kay Way!
Capital Gains - Your Pains!
Cooking the Books
What's in a Name?
Questionable Choices: Healthcare Reform
And the Person of the Year Is......
A History Lesson
Goverment's Stimulus Fairytale
Let's Hope I'm Wrong
Fake Money = Real Problems
Collectors Lie
35 Million Americans Can't Be Wrong
Simple Truths, Simple Lies
Lending and The Federal Reserve: Why Making Banks Rich Again Will be Bad for the Economy
Are You Health Care Aware?
Have Good Credit? With New Legislation in the Works, the Question is, Who Cares?
Healthcare and the President
Tips for Choosing a Bank and the Right Bank Account
 
Balancing your Beliefs - How Our Political Convictions Influence the Debate Over the Economy
 

Every Sunday, political junkie that I am, I wake up, put on the coffee, toast a bagel and top it with cream cheese and Lox (smoked salmon for those of you who didn't grow up in Miami Beach or NYC), and watch the morning news shows.  On ABC, I watch "This Week" because I love their panel discussions featuring my favorite conservative, George Will and my favorite liberal, Donna Brazile.

On NBC, I watch "Meet the Press" who often has the wonderful Peggy Noonan on the panel along with another liberal favorite, Robert Reich. Finally, on "Fox News Sunday" the panel is always great, with a balanced presentation of liberals and conservatives - it’s both spirited and lively.  I pretty much ignore, for the most part, the weekly political guests because to be totally honest, I have become exhausted by the way they answer questions - by using a set of scripted talking points. 

What’s clear to me after watching lineup after lineup, is how many of the political pundits, heck all of them as far as I can tell, just don't get the Tea Party and what it really is. On the left, they are trying to portray this movement as a bunch of wackos, and on the right, they are trying to shoe horn the movement into the Republican Party.  They really don't get it.  These folks, whether or not they identify with the label or not, are Libertarians - by and large.  Many don't like the label purely because the press and pundits have succeeded at equating libertarians with anarchists, but of course, this is just plain wrong. With each political party (and micro-party) blaming the other, it only seems fitting that everyone only becomes more entrenched in the fervor of their own political and economic convictions.  So let me share with you some clear thinking on each political label: liberal, conservative, and libertarian and how they each view and affect the current economic climate.

 Let's start with liberal.  In today's parlance (because today's liberal would be a conservative 100 years ago) being a liberal means that you believe in federal government' imposing solutions for various social problems nationwide.  You don't really trust the state and local governments to fairly govern (in particular as it pertains to the regulation of big business, which you distrust) and are somewhat hostile to, reproductive rights (where you are overwhelmingly pro-choice), civil rights (where you believe in affirmative action), health care (where you favor a national insurance program administered by the government), education (where you passionately believe in public education), union rights to organize, environment, and well, the list goes on and on.  You believe in universal truths in relation to what is fair and you also believe that wealth ought to be shared.  You are basically distrusting of a free market and believe in equal redistribution based upon need.  You often define these needs as "rights".

Conservatives believe that the federal government does not theoretically have the right to legislate all the things that the liberals want, however in the mainstream, they do like their power and perks.  This is evident by how easily they like to spend money and legislate programs (when they have control) as they have for most of the past 30 years.  They may enter political life with high ideals, but their dreams are quickly abandoned when faced with maintaining their own power.  Conservatives have proven time and again that they talk a good game, but when push comes to shove, they will spend with the best of them.  While better on taxes and regulation  than liberals for sure, they have demonstrated no ability to control spending whatsoever and much of our national debt and the printing of worthless money, has led us to where we are now – and responsibility  rests squarely with them, if we are being completely honest about it. 

Ronald Reagan was a great man and the conservative icon, but he utterly failed to control spending in a meaningful way.  No one is perfect.  The conservatives are excited about regaining power this fall, which they plan to do by energizing the Tea Party, telling them to get amnesia about the past and basically selling the notion that while the Republican Party may have been bad, the liberals are worse.  This is basically true but again, let's be honest, having a little tumor is only marginally better than having a big one, as sooner or later it will grow.  It always has before.  What was that famous definition of insanity…..the one about repeating behavior?  I’m sure you can see my point.

Libertarians are what conservative say they are, only for real.  They believe in as little government as possible and as far as governing at the federal level is concerned, that ought to be confined to national defense, foreign policy, printing money backed by gold or a basket of hard commodities, chasing down interstate criminals, and that's pretty much it.  They believe that the rest of the federal government, including all so-called entitlements, is an unfixable mess and should be shut down.

That does not mean that they don't believe in helping the poorest or neediest, but that doing these things are best done privately. Local and state governments, who are much closer to their constituents, would therefore become more efficient and responsive.  Libertarians believe that governing Wyoming and Montana is radically different than governing New York or California and that it should be left to the states.  Libertarians believe that there should be either a low flat federal tax of roughly 10% on everyone or a national sales tax but not both - and with no exemptions.

Libertarians believe that everyone should pay and everyone should succeed or fail on their own merit.  On national defense, Libertarians believe that we should trade freely with friends, ignore enemies that are largely irrelevant to our daily lives (like Hugo Chavez or Fidel Castro), bribe those that we must (wouldn't that be a lot cheaper and more effective than occupation?) and kill those we cannot bribe.  However, under no circumstances would a libertarian advocate occupation and governing of another country.

Now, as is clear, I am a Libertarian and obviously believe in what I just wrote.  That said, my politics are just that, my politics.  I believe that there is no truth most of the time, just perspective and most of all, I believe in everyone having their own opinion.  I have lots of liberal and conservative friends. Heck, if I didn't I would be alone a lot!  I don't believe in making my argument by making the other person wrong.  Instead I believe in the putting-out and respectful release of ideas and letting them sink in - based on their merits.  Time will forge consensus.  For now, I believe that there is neither a liberal or conservative wave in America but a Libertarian one - whether someone self identifies or not.  What do you think?

 I am genuinely interested and stating that, without judgment. Whether you’re a liberal, a conservative or a strange blend of both, wouldn't we all be a lot better off if we could debate without getting ugly?  I think you already know the answer to this.