Those of us attempting to live on what was a shoestring budget even before the Great Unending Recession/Depression have probably been watching the large insanity of vacationing Congresscritters attempting to hold Town Hall meetings with their constituents back home with some bemusement. It’s no secret that the WingNut Network [a.k.a. Fox] and Hate Radio pundits have been inciting their faithful dummies to riot, since this has been ongoing ever since they lost the election last November in a big way. Between the clueless idiots who can’t believe a black man is a real American citizen (or that exotic Hawaii is actually a state) and the Bermuda shorts and gray hair crowd shouting “Keep the government OUT of my Medicare!” one really does have to wonder if maybe there’s something in the water making people lose what few IQ points they might have had back in kindergarten.

Some of us also know that going to a doctor regularly if you aren’t actually sick is not wise, thus are probably better off if we don’t suffer some chronic condition with our very limited access to the health care system than we might be if we had annual check-ups and the ability to demand whatever drug is advertised on television nightly. While it’s a sad truth that ~50 million Americans have no access to the health care system – and that’s an insurance issue – I haven’t seen anybody talking much lately about the health care system itself, which just happens to be the third leading cause of death in the United States.

Thus they’re fighting about “Health Insurance Reform” while the dismal failure of doctors and hospitals to confront the outrageous error rate, hospital-acquired infection rate, etc. that KILLS at least 195,000 Americans every year. Americans who DO have access to the system! The U.S. pays more per capita of our GDP on health care than any other industrialized nation – most of which have universal, single-payer health care systems – and are at the very bottom of the list on all measures of health care outcome. Life expectancy, infant and maternal mortality (tied to our ridiculous C-section rate and lack of prenatal care), general health, number of chronic diseases, etc., etc.

We’d all like to see universal access to health care. We’d like for insurance companies to be barred from canceling policies if the person gets sick, from refusing to cover those with pre-existing conditions, and from raising the rates at five times the rate of inflation every year just because they can. We’d like for the poor and working poor to be able to get health care even if they don’t work for a company that offers it, or don’t earn enough to participate. We’d really like to get our bones set and our cuts stitched when we need to without going bankrupt, and we’d like to get treatment for our cancers and our other serious ailments instead of simply dying of them because health care is beyond our reach.

But because something must be done about the current situation in this country no matter how loudly the idiots yell about not offering their government health care to others who need health care, we can expect that something minimal will indeed be done. Best advice to those who have managed to get this far in life without being regular users of the health care system or the drug companies’ medicine chest is to approach new access with caution. Nothing is being done to cure the rate of iatrogenic disease and death (iagrogenic means “doctor-caused”) in any of this political maneuvering, so increased access only means that the delivery system will be able to harm or kill even more Americans every year.

Make use of your intelligence and your access to the internet, go looking for reliable information if you or someone you love gets sick. Merck has their entire medical manual on-line, the Physician’s Desk Reference is available as well with good information about drugs and which ones may conflict with others – something too many doctors don’t keep track of, and a large contributor to deaths from prescription errors. There are lots of physician websites offering information about various conditions, as well as patient associations that often have collected information from people who have or have dealt with particular conditions with even better information. Always be careful of information, make sure it’s good and not just another quack selling the magical ‘cure’ for AIDS or cancer or whatever, because those are out there too.

And if you’ve got questions, write them down, collect the good information you’ve gathered, THEN take it to your primary care provider and ask. Don’t tolerate a physician or practitioner who gets his or her nose bent out of shape because you’ve done your homework, and never put up with a doctor who balks if you ask for a second opinion. If you’re in line for surgery or some other serious treatment, go to the website of your state government’s medical regulatory agency and search until you find a list of the physicians and other practitioners who have been disciplined by the agency for gross or repeated malpractice or errors. If your doctor’s on the list, get a new one.

And most of all, keep always in your mind the fact that your personal choices affect your health for the better more acutely than anything an insurance company or doctor or hospital can. No one else can “heal” you – people’s own bodies do the healing, health care providers can only help it along. Best not to get sick in the first place, and we’ve no excuse not to know that our diets greatly affect our health. Eating well, getting exercise, maintaining our environment, etc. will stave off many a nasty illness or condition – avoiding the plagues that come with obesity is much better than treating this plague or that plague after they’ve developed.

Now, sit back and enjoy the street theater spectacle of the ‘haves’ trying most desperately to prevent the ‘have-nots’ from getting anything! It’s black comedy at its most absurd, something we’ll probably never see again in our lifetimes. Laugh, because that’s the best medicine in the world!

For those of us on the short end of the recent and ongoing mass looting of the economy by the kind of ant-populist robber barons who make Jesse and Frank James seem like do-gooders The Hardy Boys, there is now a historical record of the Fortune 500 CEO Hall of Shame in what could be printable trading cards outlining the shameful accomplishments of the Worst of the Worst.

Check out the card for Lehman Brothers’ Richard Fuld, whose stats list a total loss of $29 billion, while his personal take for the efforts comes in at a cool $71.9 million. Look at that punum… does he look suspiciously like a lizard? Then there’s Countrywide’s Angelo Mozilo, with a face only a mother (or a Sicilian Don) could love. Stats: in the loss column, a total of $22 billion. It’s the personal take that’s truly impressive – $225.7 million. This guy was good at being bad!

So if you’re overdue for an out-loud chuckle in the midst of economic meltdown designed to do the most amount of serious harm to the most number of honest, hard-working citizens, don’t miss this offering by BusinessPundit. It’s well worth the waste of card stock and color toner.

And while you’re busy surfing for news, giggles and brain-novocaine, go on over to CNNMoney to get the previews of the upcoming Super Bowl Ads, if for no other reason than to have them pre-listed and ready for votes at your Super Bowl Party this year. To be honest, that E*Trade talking baby gets me every time, even if it sometimes seems a little creepy what they make him say. Is this the CEO’s kid, or just some baby from central casting whose stage mom doesn’t mind his gratuitous sexualization?

Oh… and if you want a good conversation-starter for game night when both the game and the commercials get boring, check out GameJabs’ post about The 15 Most Controversial Superbowl Ads of All Time. Some of these aired and some of them didn’t, see how many of your football watching buddies remember the worst of ‘em.

Finally, if you’ve still got a job, at least one credit card, and are serious this time about getting your financial life in order, you may learn some useful strategies from Credit Card Matcher’s Plan for Paying Off Holiday Credit Card Debt. This site also offers reviews for the best card offerings for things like travel rewards and gas rewards to make traveling for fun and business a little cheaper.

Finally (last but certainly not least), if you or someone you know is planning to take the lemons of a tanking economy to make lemonade by starting a new business, you’ll definitely want to check out Brainz’s article offering 33 Ways to Fund Your Startup Business. Some of the traditional sources are drying up, but even as that’s happening some non-traditional, more creative methods of raising money are increasingly viable.

Links:

Fortune 500 CEO Hall of Shame
Super Bowl Ads: From Clydesdales to koalas
Travel Rewards Cards
Gas Rewards Cards
33 Ways to Fund Your Startup Business

We’ve seen a lot of desperation as the world (and US) economy tanks in the wake of the mortgage-loss pyramid scheme crash. We’ve heard a lot of hyperbole and rhetoric from the candidates who want to replace Bush-Cheney as President and Vice-President of the United States. This is The Week That Was, votes will be counted tomorrow night, and we should know sometime in the wee hours of Wednesday which of the contestants gets the erstwhile “prize.”

As Wall Street began its precipitous fall, Republican candidate John McCain was busy informing the nation that the ‘fundamentals’ of our economy are strong. No, they aren’t strong, they’re utter failures after years of massive tax cuts to the wealthy, heavy borrowing to support two wars, and the “Unfettered Free Market” [TM] frenzy allowed by blanket de-regulation of the banking and investment sectors.

To get an idea of just how outrageous things had gotten, consider the so-called “Mortgage Meltdown” that took so many once-staid capitalist houses into ruin. We all know that housing prices had ballooned in most urban areas of the country, a ‘bubble’ sustained by the practice of lending to workers whose incomes haven’t seen even a minimal rise in more than 30 years, for houses that cost easily twice as much as they could hope to afford and three times what they were actually worth. Many of these loans were made with specific criminal intent to skim fees off the top, and saddled with adjustable interest rates that worked just like time bombs to force people into bankruptcy.

Knowing that these time bombs would explode X number of years down the line, the banks and futures traders on Wall Street invented a new paper vehicle called “Credit Default Swaps” for the express purpose of betting on strapped families defaulting on their mortgages. [Greenspan Slept as Off-Books Debt Escaped Scrutiny]These are an insurance vehicle, insurance to be paid out to the holders of the policies on bad mortgages. And those policies – as “Credit Default Swaps” were sold and resold hundreds of times. This is what led corporate insurance giant AIG to be one of the first Big-Time Players to fail, our government moved right in to nationalize it.

This situation is a prime example of the philosophy of “Privatizing the Profits, Socializing the Losses.” It’s a bail-out to rich gamblers necessitated by unregulated greed. Pure and simple. Look at how it worked…

The number of risky, possibly criminal, largely ARM mortgages in the US that have or soon will default amounts to approximately 1% of all the mortgages outstanding. The re-insurance scam ended up valuing these mortgages at 5 times the annual Gross Domestic Product of the entire world. They were of course never worth anywhere close to that much, this is just the amount of insurance pay-outs once they DID default. And default they did, that brought Wall Street – and the world markets which participated in the scam – to their knees.

Despite the fact that candidate McCain did not seem to have the slightest grasp on the impending doom (his chief financial advisor Phil Gramm famously called people concerned about the situation “whiners”), his tax promises to the nation if elected is still to maintain George W. Bush’s blanket tax cuts to the top 2% of wealthy citizens and corporate giants. Democratic challenger Barack Obama would reverse this situation by taxing the rich and giving significant tax cuts to the middle classes. Even to the point of eliminating income taxes altogether on seniors who make less than $50,000 a year.

McCain of course calls this tax-the-rich situation “Socialism,” as if that’s as scary a word these days as it was back in the ’50s. It is not. All governments receive taxes and use them to support infrastructure, public education and other social programs, thus all government is essentially socialist at heart. The fine points always apply to who pays the taxes and gets the benefits of governmental largesse.

CNNMoney recently published an article about the different tax plans of the candidates, along with a breakdown of just how much your taxes will go up or down according to your income. McCain, Obama and your tax bill is recommended reading for everyone out there who hasn’t already voted, and is concerned about the recession/depression that we now know will last more than a year.

Then get out there and vote on November 4th, as if your way of life depended on it – because it does!

Links:

McCain, Obama and your tax bill
Greenspan Slept as Off-Books Debt Escaped Scrutiny
Economists see recession through 2009

Mere days after causing a regular knee-slapping laugh riot with his claim that the average middle class American probably brings home something around $2.5 million a year (by way of being “rich” if you make $5 million a year), Republican Presidential Candidate John McCain told Politico that he’s not sure how many houses he owns. “I’ll have my staff get to you,” he said, since some of those houses are condos, and all condos look alike apparently. The correct answer, by the way, is at least seven, maybe ten.

By the way, if you’re feeling a little low because of that foreclosure notice you just got in the mail, here’s a slide show of McCain’s home (the one pictured above) from Architectural Digest, 2005. They may have sold it by now, but I don’t think it’s because they couldn’t afford the payments plus jet fuel for ‘getting around Arizona’ at the same time.

Democratic candidate Barack Obama’s campaign jumped on the gaffe to highlight just how out of touch with regular Americans his rival is. True to form, the McCain campaign came back with charges of elitism because Obama vacationed in his home state of Hawaii instead of just going to Myrtle Beach like everybody else does.

Meanwhile, out here in the real world where the vast majority of Americans don’t bring home $50 thousand a year and millions are losing their one and only home – and increasingly, their jobs – in a devastated economy, market analysts are beginning to notice that the foreclosure crisis could be hiding even worse conditions in the general housing situation nationwide. Turns out, according to Deutsche Bank analyst Nishu Sood, that half or more of “distressed” (foreclosed) properties aren’t being added to MLS listings.

Shares of mortgage finance giants Fannie Mae and Freedie Mac have lost 40% of their value since Monday (August 18) and are now trading at 20-year lows. Having lost a combined $3.1 billion between April and June, losses will only grow – because foreclosures are just getting started. Still, if you’re a fool with some money, you can pick up a share of Fannie Mae for under $5.

It occurs to me that at least one of the men running for President this year has no clue about what it’s like for most Americans just trying to get by day to day in this country. We’re just “whiners,” after all. Luckily, there is one fun recreational activity that most of us can engage in that doesn’t cost a dime. It’s called voting, and if enough people do it we just might keep OUR house – the one at 1600 Pennsylvania Avenue in DC – from becoming just another house McCain can add to his others.

For Heaven’s sake! Is it too much to ask that our wannabe leaders actually take a moment out of their jet-set lives to find out what’s real on the ground here in the good ol’ U.S. of A.?

Links:

AD: Slide show of McCain’s home
Foreclosures likely skewing housing indicator
Politico: Interview with John McCain