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IT’S TIME FOR A GAME-CHANGE

June 21st, 2016 // 6:55 am @

How to Make This Election Awesome!

The More Important Question

futureroadsignIT’S TIME. Time for a big change in the 2016 election. After all, it’s pumping a lot of negativity into our nation. Night after night on the news, day after day in social media—so much negative, negative, negative.

Let’s be clear: this kind of energy is not really helping us. Whatever happens on election day in November, it’s going to take a long time to undo all the harm caused by the toxic campaigning and media during 2015 and 2016.

A society that is constantly focused on problems and name-calling tends to generate more problems. As the old business proverb tells us: “What we focus on, grows.”

So let’s ask ourselves a better question:

What can we as citizens do to drastically improve our nation right now?

Cost or Power

It would be nice if something as simple as voting every two years in a national election would fix our nation. But if that truly worked, things would be a lot better by now. Yes, elections do matter. But there are other things that matter even more.

May I suggest three.

These simple things can make a huge difference. More than any election, in fact. Seriously. Here they are:

1: Start With You.

First, when was the last time you did something to greatly improve yourself as a voter? Really? Voting is good, but making yourself a much better voter? Priceless. It truly is. To do this, I challenge everyone to read The Law by Frederic Bastiat right away. It’s short. It’s easy to understand. It’s fun. (It’s also easy to find online, or on Amazon.) [There’s even a wonderful treatment of the content by my friend Connor Boyack – just for kids! Get it here.]

Just sit down and read it for fifteen minutes. By that point, you’ll have all you need—you don’t even have to finish it if you don’t want to.

This one small action will make anyone who does it a much better voter. If you’ve already read it before—once or a dozen times—do it again. In fact, I think every voter should read it the week before going to the polls. Every election. It’s that powerful!

I’m not kidding. This is something truly impactful you can do that will make a significant difference—for you, and for America (or whatever nation you live in!).

2: Pass It On.

Pass this challenge on to everyone you know who cares about America and freedom. Get them reading Bastiat right now as well. Everyone. All your friends and connections.

This will have a major influence on the future.

Take a few seconds right now and pass this on! America needs this! We need Bastiat. Right now…

A nation’s true character isn’t determined by politicians. Our genuine nature is actually the result of what our citizens do. With all the negative energy of the 2015-2016 campaigns swirling around our country, it’s time to add something else to the summer! Something better. Something uplifting and positive. So here goes:

3: Pay It Forward.

Look around in your family, your community, your place of work, the people you know—and find one person who needs something. And just help them. Don’t ask for recognition. And do it free of charge. It might be as simple as being a friend. Or saying something nice to someone who needs to hear it. Or donating twenty minutes of your time to help a neighbor.

Our nation needs more of this type of positive energy right now. And if just the people reading this blog do something nice—even a little thing—for one person in the next few days, it will add some real positivity and honor to our society.

Like I said, we really need it right now. If just a few of us do it, our nation will be better for it. Little things can bring so much positive energy—especially when we’re talking about caring and loving people and helping just a little bit more.

These three things may seem small. But they’re not. They’re big!

Again, we really need more positives right now in our nation—an antidote to help counteract all the toxicity in the media. And it costs us nothing. So please join us and do these 3 awesome things! They’ll make a major difference.

Please share your experience with these 3 things in the comments below….

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Don’t Worry, Be Happy! by Oliver DeMille

June 8th, 2016 // 12:08 am @

Washington’s “Grin and Bear It” Message About an Economy that’s Still Struggling

The Need/Desire Question

decline_graphIn a 1927 issue of Harvard Business Review Paul Mazur of Lehman Brothers wrote the following prescription for the nation: “We must shift America from a needs to a desires culture.” How? “People must be trained to desire, to want new things, even before the old have been entirely consumed. We must shape a new mentality in America. Man’s desires must overshadow his needs.” (Cited in The Happiness Equation by Neil Pasricha, p. 78.)

What a thing to say! And it has happened, just as Mazur recommended. But in the process, something else happened as well. Not only were people convinced to want more and newer things, but government got caught up in the same quest. And people began desiring many more and new things from government as well. This changed our entire culture.

More recently, President Obama has assured the nation that a slow growth economy is the new normal. But is this good news? Or very bad news masked by a smile? Truth: it’s certainly not good news. (See the new report: “The World is Flat: Surviving Slow Growth” in the March/April issue of Foreign Affairs)

But before we address this, let’s take a little quiz. Just for fun.

Messages and Meanings

The following quote is about what nation?

(1) “_____________ will not be able to grow its economy…without…privatizing state-owned companies, [and] loosening regulations…”

Or consider this:

(2) “It may have…an undervalued currency, a debt-to-GDP ratio of 250 percent, and an average annual GDP growth rate over the last decade of less than 1 percent…. [but] Life expectancy is among the highest in the world; crime rates are among the lowest. The…people enjoy excellent health care and education.”

One more:

(3) “Middle-class wages stopped rising more than 30 years ago, but…low interest rates…and easy credit obscured the problem, allowing people to bridge the gap between their stagnant incomes and their spending.” How? By going into massive debt.

What is most interesting to me about all three of these quotes is how applicable they are to the United States today. Just re-read item 1 above. It could be a very realistic (and important) “To Do” list for Washington in 2016. Yet it was written about today’s Russia under Putin. (Foreign Affairs, May/June 2016, p. 20)

Still, Washington does need to heed its message:

  • privatize state-owned companies that are a drain on taxpayers and gum up the free market
  • loosen regulations that are killing small business and sending investment capital to other nations

Item 2 above could also seem to be about the United States, but in fact it describes today’s Japan: “It may have…an undervalued currency, a debt-to-GDP ratio of 250 percent, and an average annual GDP growth rate over the last decade of less than 1 percent…. [but] Life expectancy is among the highest in the world; crime rates are among the lowest. The…people enjoy excellent health care and education.” (Foreign Affairs, March/April 2016, p. 50)

The intended message here is clear: “If the people have good health care, education, and a stable economy, everything is good. A growth economy isn’t necessary.”

Starts and Stops

In fact, in the United States, “Middle-class wages stopped rising more than 30 years ago, but…low interest rates…and easy credit obscured the problem, allowing people to bridge the gap between their stagnant incomes and their spending.” (Ibid., pp. 50-51)

But how have Americans masked falling wages? The answer is illuminating:

  • By going into massive mortgage debt (eventually leading to the housing bubble crash and the Great Recession).
  • By using credit cards, car loans, student loans and building up major consumer debt. The average U.S. household has over 97 thousand dollars of debt and growing. (The Motley Fool, January 2015)
  • By more than doubling the amount of work they do, with both parents typically now in the full-time workforce, instead of just one breadwinner.
  • By working longer hours. The average workweek in the United States is now 46.7 hours, not the 1950s model of 40 hours and a crisp 9-5 workday. (USA Today: Modern Woman, Fall/Winter 2015) Over the course of a month, that’s an extra 29 hours—almost an extra workday every week compared to American workers of the 1950s.
  • By depending on increasing amounts of government support, including “free” public school education, “free” health care for those who qualify, and a number of even more direct government programs and assistance.

In all this, according to Gallup, less than 20 percent of U.S. workers love their job. Around 80 percent are in jobs they hate, dislike, or feel less than passionate about. Moreover, most Americans don’t believe that their current job will ever get them ahead financially. They’re just barely paying the bills—if that.

Still, the current message from Washington and labor experts is that things are fine, that the economy has improved under president Obama’s leadership, and that we should be grateful. Most people won’t see financial increases anytime soon, “but don’t sweat it.” Like people in Japan, we are assured that we should just be happy for general stability and get used to a stagnant economy.

Fewer jobs, more college-grads who are unemployed or (underemployed) and living with their parents, more three-generation households, falling home values, rising costs of food and necessities—these are the new normal. “And it’s okay,” Washington assures us. “If things get really bad, there are more government programs than ever to help you make ends meet.”

Don’t worry, be happy.

Regulations or Solutions

“Don’t desire so much anymore,” we’re told. “Make do with less. Except when it comes to big government. We’ll give you more of that!”

But how does this message from today’s Washington jive with the reality? Truth: “An economy that grows at one percent doubles its average income approximately every 70 years, whereas an economy that grows at three percent doubles its average income about every 23 years—which, over time, makes a big difference in people’s lives.” (Foreign Affairs, March/April 2016, p. 42)

Factor inflation into these numbers—on the basics like food, housing, education, and transportation—and one percent growth means the average household falls further behind each and every month. At three to four percent growth, in contrast, like the overall average from 1945-2005 in the United States, families can improve their standard of living over time—and even help their kids do better than themselves.

Right now this level of growth is found mostly in Asia, certainly not in North America or Europe. Thus the increasing American realization that our children and grandchildren are likely to be worse off than we are, while their Chinese counterparts will probably experience upgraded lifestyles and standards of living in the decades ahead.

But this isn’t a static reality. It is based on the current policies and agendas of Washington. These can be changed. For starters, just adopt the suggestions Westerners often give to Russia, as outlined above:

  • reduce/remove numerous government regulations that are killing small businesses and driving investment capital and high-growth corporations—and jobs—to other nations
  • stop federal overspending in so many government agencies by simply cutting their budgets—significantly—to spark increased investment and business growth

Just these two changes would significantly reboot the U.S. economy.

Americans can become a more frugal and a resilient people once again, no doubt. But they would rather be a more innovative and entrepreneurial people—and they have proven that they are incredibly good at it—if government will just cut away the red tape and let free enterprise thrive again.

(Read a lot more on this topic in Oliver’s latest book, Freedom Matters, available at The Leadership Education Store)

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The Hillary/Trump Dilemma by Oliver DeMille

May 25th, 2016 // 6:12 am @

Parties, Issues, and Funds

Donald Trumphillary ClintonMitt Romney was right about a number of things. One of the most important, even though it got him trouble with some voters, is that a solid 47% of the nation is against the Republican candidate for president (whoever he or she is), simply because a large group depends on government programs to financially make ends meet. In fact, the number appears to be increasing.

According to one report, “Nearly half of Americans would have trouble finding $400 to pay for an emergency.” The same article notes that “47 percent…would cover the expense by borrowing or selling something, or they would not be able to come up with the $400 at all.” (“My Secret Shame,” The Atlantic, May 2016)

Indeed, in 2014 only 38 percent of Americans thought they could come up with the money for a $500 car repair. (Ibid.) In other words, the number 47 percent (who needed government help to survive in 2012) may now be closer to 62 percent.

High and Low

This is a challenging dilemma. On the one hand, those with a sense of needing more government support and programs to make ends meet are a lot more likely to vote for Hillary Clinton or even Bernie Sanders than for any Republican. As the electorate becomes more financially strapped, it tends to swing to candidates promising more government help.

On the other hand, it is the liberal (Bill Clinton/Barack Obama) and moderate (Bush I/Bush II) policies—growth of government intrusion in the economy and poorly-constructed education, health care, banking and other programs—that have brought our economy to this point. As more people vote for bigger government, the government naturally grows and the economy further stalls. It’s a self-fulfilling negative cycle.

In a truly free enterprise economy, entrepreneurship would create a lot more jobs and prosperity. It brings approximately 80% of new jobs in the United States—but the sheer mountain of red tape a business start-up now faces (based mostly on the policies of the four presidents just mentioned, and more from Obama than the others), has significantly gummed up the economy. Obamacare is making it even worse, with the most damaging (job-killing) parts of the Affordable Health Care Act still slated to go into effect in 2017.

Between 2003 and 2013 the median net worth of Americans dropped an amazing 38%. (Ibid.) And it’s still going down.

In short: Big government isn’t helping—it’s adding to the problem.

Beginnings or Endings

Remember the 2012 presidential debates where Romney suggested that Russia is a major strategic threat to the United States and Obama scoffed and lectured Mitt about not knowing what he was talking about? Three years later, guess what? Russia a major strategic threat. (See Foreign Affairs, May/June 2016: “Putin Returns to the Historical Pattern,” “The Revival of the Russian Military,” “The Quest to Restore Russia’s Rightful Place,” “Why Putin Took Crimea.”)

The same is true in economics. Bigger government, thousands of additional business- and job-stifling regulations on the books, and more red tape, don’t help the economy. They hurt it.

And a majority of Americans are now feeling the effects. Fifty-five percent of households don’t have enough savings to make it for even one month. (Op Cit., The Atlantic) If the middle twenty percent of households, the true middle class in America, lost their income right now, they could, on average, continue their current lifestyle for just six days. (Ibid.) That’s six days!

The sudden 2016 “defaults on subprime auto loans indicate that the American willingness to just keep buying…can’t lift us out of this [economic] pickle…. The general default rate for all subprime auto loans jumped from 11.3 to 12.3 percent in just a month—exactly the kind of ‘can’t pay my bills’ phenomenon that triggered the [2008] housing collapse.” (“The Portfolio,” Esquire, May 2016)

Recently announced: Sports Authority is filing chapter 11 bankruptcy, Staples is closing 50 stores, Fairway is near default, American Apparel filed for bankruptcy, and even Walmart is closing 154 stores. (Ibid.) The list of other companies on the brink or downsizing and cutting jobs is long.

The economy is sputtering.

All this in the midst of a presidential election year. I don’t know what Donald Trump will or won’t do in the Oval Office (whether he’ll be just another politician or really lead out and reboot the economy). But one thing is very clear: If Senator Clinton is our next president, the number of Americans who require government support to make ends meet by the year 2020 probably won’t be 47 percent, or even 62 percent, anymore.

It will be a lot higher.

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3 Things We Aren’t Talking About Enough by Oliver DeMille

May 19th, 2016 // 8:19 am @

Drone w PowerlineThese three things are big deal. A very big deal. They’re floating around there in the back of our minds, but we don’t talk about them very much in our current society.

We need to start.

I

First, it is clear to almost everyone that the Drone Revolution has drastically changed the world—probably in ways that we can’t really undo. Whatever other functions they’ll eventually fulfill, drones are the ultimate war machine. They can be programmed to do things unimagined in earlier wars, like search out specific people from certain races, religions, viewpoints, business or educational backgrounds, etc.

They can be programmed to target a specific person. And all his/her friends. Everyone he/she loves. Those who agree with him/her on political issues. Governments can use drones on their own people, as well as in battle.

Very few people are taking this very seriously. On the one hand, it’s so potentially monstrous that we don’t like to think about it. Imagine drone technology in the hands of a Stalin, a Hitler, a Nero, Caligula or Mao, Saddam Hussein or an ISIS sympathizer in your neighborhood. If history has taught us anything, it’s that bad guys do sometimes rise to great power.

It will happen again, and drone tech combined with computing power is a recipe for disaster.

On the other hand, if we did want to stop it, what would we do? Most people believe it’s a fait accompli. No chance of turning it around. They’re probably right.

II

Second, the Crowdsourcing Revolution isn’t over—it’s just beginning. It has largely put the newspaper industry on the ropes, and the book industry is also now under the gun as Amazon grows. In fact, many brick and mortar malls are increasingly empty as Internet sales on many types of products and services soar. Education at all levels is facing serious competition from free online learning sources, and big swaths of the health care sector are being crowdsourced as well.

The good side of crowdsourcing makes a lot of things less expensive, easier to find, and quicker to obtain (or learn). The downside is that the large companies that control the data have algorithms that can influence us in ways we never imagined. For example, a man texts his wife to find out where a certain kind of cereal is in the pantry, and within minutes his smartphone chimes and offers him a coupon for the same cereal—from the supermarket closest to his home. Or if he texted from the office, it lists the grocery store nearest to his work.

This kind of data-mine-marketing is becoming a commonplace experience for those who use certain apps, and while it might feel a bit creepy at first, over time people get used to it—and even grow to expect it. Very Minority Report. How much governments and private organizations are using this kind of tech is unclear, but it’s growing. Add personal location tracking technology to the mix, and we really are living in a surveillance state.

III

Third, there’s a new buzzword floating around in economic circles: “Crowd-Based Capitalism.” The idea is that in the emerging 21st Century economy we’re evolving a whole new economic model. Not socialism. Not capitalism. Certainly not free enterprise. A new approach. As one book from MIT put it, we’re moving into a “Sharing Economy,” where “the end of employment” is being replaced with “the rise of crowd-based capitalism.”

The idea that employment as we’ve known it for the last six decades is increasingly outdated. For example, in the May 2016 issue of The Atlantic an article showed how one couple used up their entire life and retirement savings—and the entire life savings of the husband’s elderly parents—to put their two daughters through college. The idea of college training being essential is now being taken to incredible levels: The savings of two couples wiped out, just so their offspring could graduate with a degree—in an economy that doesn’t value degrees like it used to. (See “My Secret Shame,” The Atlantic, May 2016)

A truly new economy is emerging, but most people haven’t realized it yet. They’re still caught in the old—and paying for it in tragic ways.

Another example: When 2016 presidential candidate Ted Cruz said the following, “The less government, the more freedom. The fewer bureaucrats, the more prosperity. And there are bureaucrats in Washington right now who are killing jobs…”, the response was immediate. Two professors, one from Yale and the other from Berkeley, replied that the opposite is true: The bigger the government, the more freedom, and the bigger the bureaucracy, the more prosperity. (“Making America Great Again,” Foreign Affairs, May/June 2016)

A lot of people actually believe them.

But reality is still reality. Crowd-based capitalism means more government, and this isn’t the path to a great economy. The thing that is actually rising to replace the 1945-2008 era of employment it is a reboot of entrepreneurship and small business ventures.

The new economy can go in one of two directions:

  1. Government reduces the amount of anti-business and job-stifling regulations, and spurs a major entrepreneurial boom. This will create a lot more jobs, opportunities, and incentives for increased global investment in the U.S. economy.
  2. Government keeps increasing business-stifling regulations and takes the profits from businesses (big and small) to create a “sharing economy.” This will create a much higher rate of dependency on government welfare and state programs, reduce the number of people fully employed (making enough to live in the middle or upper class), and drive investment to other nations.

How the so-called “sharing economy” differs from socialism is actually academic. Yes, on paper it has a somewhat different structure than Marxian socialism. But for the regular people it’s going to feel pretty much the same. A few wealthy and powerful elites at the top, a small middle class of managers and professionals who work mostly for the elites, and a burgeoning underclass living largely off government programs.

Two books* on this topic are: (1) The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism by Arun Sundrarajan, and (2) Saving Capitalism: For the Many, Not the Few by Robert Reich.

For the other side of the argument—why freedom and free enterprise are the real answer—see my latest book, entitled Freedom Matters.

Middle America is still experiencing a serious economic struggle. Things are getting worse, not better. As one report on the heartland put it: “On every sign, in every window, read the vague and anxious urgings…Remember the Unborn; …Don’t Text; Don’t Litter; Buy My Tomatoes (Local!); Let Us Filter Your Water; We Can Help With Your Bankruptcy. Then bigger gas stations sprawled on crossroad corners, unoccupied storefronts…another consignment store.” (“The Country Will Bring Us No Peace,” Esquire, May 2016)

As an ad for Shinola products reminds us: “There’s a funny thing that happens when you build factories in this country. It’s called jobs.” We haven’t seen very many factories built here for a long time. Crowd-based capitalism isn’t a solution.

Conclusion

Together, these three changes in our world are a very big deal:

  • The Drone Revolution
  • The Crowd-Sourcing Revolution
  • The Post-Employment Economy

If you have more ideas on these important developments, share them. If not, learn more about them.

The future can be determined by a few elites who think about such things, or by all of us. The more regular people engage such important topics, the more influence we’re likely to have.

The truth is, we’ve forgotten Watergate and Kent State. (See “The Cold Open,” Esquire, May 2016) We’ve forgotten Nixon and that the 2000 presidential election was decided by the intervention of the Supreme Court. (Ibid.) We’ve forgotten a lot of things.

As one report put it: “We’ve forgotten how easily we can be lied to.” (Ibid.) If we let them, Washington and the media will just tell us what the elites want us to know—and think.

 

*affiliate links

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Winner Take All – Trump and the Supreme Court by Oliver DeMille

May 18th, 2016 // 12:40 pm @

by Oliver DeMille

Donald TrumpThe 2016 election is a watershed event for America. If Democrats win the White House, the United States will be a very different place from now on. And not in a good way.

As an independent, I try to avoid acting like one party is wonderful while the other is just plain “evil.” I know too many partisans—in each of the two big parties—who see the world in this kind of black and white. But there are too many flaws in both parties to think that either of them is the true answer to our nation’s problems.

Except this year. This time things are different.

How? Put bluntly, the death of Justice Scalia has created a serious situation in the Supreme Court. For years we’ve seen a precarious balance on the Court, with close votes sometimes swinging to conservatives and other times to liberals. Scalia was always a sure thing for conservatism, and even with him on the bench progressives won too many cases that hurt our nation.

The only way conservatives keep any semblance of balance on the Court is to fill Scalia’s seat with another died-in-the-wool conservative. Put a liberal or moderate on the Court, and things will drastically shift socialistic for the next decade—or more. And yes, I mean to use the word “socialistic.” This is precisely what will occur.

Such a future will increase government-run health care, educational decline, taxes, intrusive gun laws, a continued loss of state power to Washington, more regulation, bigger government—and a lot more Washington intrusion into our lives, cradle to grave. I think Americans will be amazed at how quickly our freedoms will decline with a patently liberal Court.

Whoever wins the White House this year, it better be a Republican. With Donald Trump as the nominee, it’s a dilemma for some voters. Not for me. I’ve been critical of Trump on a number of issues, but now it’s down to reality:

I don’t know how well President Trump will do in putting the right kind of justices on the Court, but I do know that President Hillary Clinton’s Court appointees will ruin our nation. And fast.

You can call my opinion too political if you want, but I’m absolutely convinced that it’s true. A Clinton victory will bring major negative change to America—especially on the Court. It’s time to get behind Trump and make sure he wins.

Whatever happens, this election has true conservatives and constitutional-focused independents biting their nails. Election night won’t just determine the next president. More than at any point since 1980, this election marks a major turning point for freedom in America—either good or bad. A true fork in the road. The Trump fork may or may not work out very well, but the Clinton fork would be cataclysmic. It’s winner take all, and the prize is the future of the United States.

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