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Archive for the ‘Ethics’ Category

Here is an ethics problem for you. Recently, I order ten boxes of protein bars from a firm in Alabama. As is usually the case these days, I was given a confirmation by e-mail, a tracking number, and was later told that the package had shipped. I should note that one does not order this particular package during the summer months because it is heat sensitive. I then received an e-mail from UPS, stating that the package would be delivered “before the end of the day” on a Saturday. Diligently, I went to the front door on Saturday evening at 8:00 pm…no package. I went to all of the doors exiting to the outside – there are three others – but to no avail. Sunday arrived, and I checked again…no package. Recognizing that the offices of the company were probably closed, I sent an e-mail, stating the problem. As luck would have it, someone was working on Sunday and responded to my e-mail, saying that she would notify UPS on Monday. The next day, UPS offered the following solution: “The driver will try to leave your package out of sight for safety, so start by doing a little investigative work. Check all exterior doors where the package could be placed, such as behind a porch column. Since we don’t have columns, I checked bushes, plants, and trees – hey, gotta be thorough – but no package. Since UPS wants to deal with the company, not the customer, I called the company once more. No problem, I was told. They had already spoken with UPS who agreed to make good with the company. I was told that another package was being shipped…with a box of free bars included.

Monday passed, and I honestly thought that someone had come along, seen the package, and decided it would be better off in their care rather than mine. This wouldn’t have been the first time that this has occurred in our community. In fact, the police had put out a warning to be aware this was becoming a problem. Juli and I had arrived home one day to see a woman walking toward our front door. When confronted, she ran to a pickup truck and she and the driver took off. Sure enough, there was a package from Amazon waiting on the front stoop, ergo, we were aware that such theft was taking place in our neighborhood. That aside, I arose Tuesday morning to go to the gym. Before leaving, I checked my e-mail. A neighbor, just across the road and one house down, had sent me a note saying that she had received a package meant for me and had left it by the mailbox by the garage door. Yep, you guessed it, this was my package of protein bars.

Here is the ethics problem: Do I keep the package and wait for the other to arrive, thus loading the house with protein bars…plus a box of freebies? Do I ship the first box back to the company, calling and telling them that the first box was misdelivered? Do I call the company, explain the mistake, and ask if they wish me to ship the box back? In my own mind, I already have the answer, but I’d like to hear from you? What would you do in this situation?

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Individual responsibility. You, yes, you, are accountable for actions taken in your life. And every action you take has a consequence. Or, to quote Sir Isaac Newton, “Every action has an equal and opposite reaction.” Study hard, you get an A+ on the test. Slam your fist into a wall, it’s going to hurt like a son-of-a-bitch and you stand a good chance of breaking some bones. Take certain drugs while you are ill or in pain, you will feel better or get well. Continue to take some of those same drugs, you will become addicted and chances are pretty good that you will die.

Okay, so perhaps I took a bit of liberty with poor old Sir Isaac, but do you see what I’m saying? You are responsible for your actions, particularly when it comes to taking drugs in what today we are calling a world-wide opioid epidemic. If you are an adolescent or an adult and doing drugs has been your “thing” in life, great, that’s something that you have elected to do, and you are probably aware of the consequences of your actions. If you’re strung out all the time, you may not give a damn about the outcome. To hell with your family and friends who care about you because you’re doing what you want to do. Besides, if you happen to overdose, some EMT will probably have some naloxone, more commonly known as Narcan, to bring you around…maybe…or maybe not. So, if you wish to continue to get high on Percocet, Oxycodone, Oxycontin, or perhaps heroin because it’s become cheaper than some of those prescription medications, you just go ahead. I would remind you of one thing…you are the one who elected to continue to use opioids.

For those of you who may know someone with an opioid addiction, please, please do not give me excuses for their addiction. Yes, I’m certain that they had pain. Yes, I know that the doctor prescribed the drugs to which they are now addicted. Yes, I know the prescriptions ran out but by that time they were hooked. Yes, I know that they turned to the street drug, heroin, because it was cheaper and more available than Oxycontin. Yes, I know, I know, I know. However, who chose to continue taking the drugs? Who chose the feeling of euphoria over saying, “Wait just a minute here. I’m gonna be in some kind of trouble if I don’t knock this off?” It’s called individual responsibility. It’s called not-making-excuses-for-a-bad-decision. Oh, we can blame Purdue Pharma for creating the drugs, Oxycodone and Oxycontin as an alternative to morphine, codeine, Percodan, or Percocet. And we can blame our doctors who prescribed the pills for the pain, but…when it comes right down to the bottom line, did that individual really need to take something as powerful and addictive as Oxycontin? I have had over twenty surgeries in my life. My back has been invaded three times, both of my shoulders have been opened and closed, as have my knees, elbow, wrist, hand, and on, and on, and on. After my first knee surgery, I was given Percocet. It was terrific…took away the pain and the world was a great place…whoopee. I didn’t move my bowels for damn near a week, and when, after multiple doses of laxatives…well, I won’t tell you just how bad it was. When I asked the doctor why that had happened, he had one word…”Percocet.” No two ways about it, Percocet is a great drug, but I really would prefer not to have the cramps that I suffered getting away from it.

When Oxycontin came on the market, one of the advantages being pushed by Purdue Pharma was that it was “abuse resistant.” Later, when the company had been given the go ahead to create 80 and then 160 mg time release pills, its marketing materials claimed that the potential for addiction was “less than one percent.” Many articles have been written about how Purdue Pharma duped the FDA, built dossiers on doctors more likely to prescribe opioids, and segmented the country for its promotional campaigns to increase its profits. If you would like to read more about Purdue Pharma, I invite you to Google them but I will warn you ahead of time, I believe they bring ethical behavior to a new low.

Pharmaceutical companies and doctors who freely prescribe opioids as a pain medication are such a small part of the epidemic in my own mind that I just cannot bring myself to write more about them. Certainly, I have only my own experiences to go by, what some may call a single case study, but those people who allow themselves to be lulled into a false sense of easy pain elimination without regard to the addiction consequences are abrogating their responsibilities to themselves and to their families and friends. I really find having sympathy for them to be difficult.

It scares the devil out of me to think that we are becoming a society of people who refuse to take charge of their lives, who believe that there will always be others to cover for their mistakes. Pain is a part of life, both physical and mental anguish. Disappointment is a part of life; learn to live with it. It’s so much easier to place blame elsewhere rather than accepting the fact that the fault lies right at one’s own front door. Why do people get medals just for participation? Why are trophies given to everyone on the team? I’m all for teamwork and cooperation but within that team, each member must shoulder his or her fair share of the burden, responsibility, or whatever term you may wish to use. It is time we recognize that making excuses for others, defending the actions of others who create problems, is not what we are about. Big pharmaceuticals don’t care if you die. Doctors who continue to prescribe opioid pain pills obviously don’t care if you die. It’s up to the individual to know and understand the consequences of just how bad opioids are and to stay as far away from them as possible.

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I find it difficult to understand why Senate Democrats would block Neil Gorsuch’s nomination when they all know that it will just lead to the ‘nuclear option’ that will allow the man to be confirmed as a Supreme Court Justice. This is just the child-like behavior that Republicans showed over the past eight years of the Obama administration. It seems to me that the two-party system in America has degenerated into a bunch of name-calling, infantile, assholedness that we often attribute to police state countries in other parts of the world. Perhaps the part that bothers me most is that the American public appears to be content to tolerate this behavior on the part of our national law makers…and that my friends is no less than absolutely frightening.

Are the Democrats so fearful the Justice Gorsuch will sway the balance of power that they have to use anything they have to prevent his nomination from passage? Yes, of course it’s true that he will be a voice of conservatism on the Court, just as Merrick Garland’s appointment would have made the Court one that would lean more to the liberal side of the aisle. However, I have to assume that the successful block of Garland’s nomination was nothing more than a cry-baby attempt by conservatives to further their agenda of diluting any kind of legacy that would be left by Obama. Certainly, Trump’s executive orders and the House’s idiotic attempt to “repeal and replace” the Affordable Care Act seem to be designed to ensure that there is no Obama legacy to be undone.

Call me naïve or dumb or whatever you wish, but I find it absolutely ridiculous that 435 men and women, sent to Washington to do the very best for this country by composing, comparing, and enacting legislation that will benefit this nation as a whole, cannot do so. Sure, I understand that what the people in Maine want, the people in Mississippi want, and the people in Montana, Minnesota, and Massachusetts may want, but goddammit, somewhere along the line, there should be things that people in our 50 states can say, “Well, yeah, I’m not crazy about it, but I can live with it.” This is not the case today in the Houses of Congress. It’s “my way or the highway, and fuck you very much!” and that does not serve the best interests of anyone in any part of the country. Congress has become too self-absorbed with what it considers to be its own importance. To top it off, we now have a person in the White House who encourages this type of discord, although for what reasons, it’s hard to imagine. Congress can censure its own members, but the only way that America can benefit is if we throw some of these people out of office and let some new folks attempt to understand the word, “compromise.”

I can hear the politicians now…”Oh, you don’t understand how government works. You don’t realize the pressure we’re under from our constituents to stand our ground.” Perhaps not, but what I do realize is this: Too many of you have been in office too long, and you have turned government into your own political play thing, that does nothing for the nation, but that lines your pockets in ways that are unimaginable to the vast majority of your constituents. Do you think I’m joking? Time Magazine, in a January, 2014 story, wrote, “The Center for Responsive Politics analyzed the personal financial disclosure data from 2012 of the 534 current members of Congress and found that, for the first time, more than half had an average net worth of $1 million or more: 268 to be exact, up from 257 the year earlier. The median for congressional Democrats was $1.04 million and, for Republicans, $1 million even.” In that same year, the median income of Americans was $51,939. Doesn’t that make you stop and think that perhaps members of Congress cannot possibly understand what it’s like to be an average American citizen? They listen and nod their heads and commiserate with their folks back in East Bumfuck or wherever, and then they return to Washington, dining at Fiola Ware, Bourbon’s, Ruth’s Chris Steakhouse, or The Source, usually at the expense of some lobbyist or other who will get them to vote for a bill that is actually at odds with what the interests of their constituents happen to be…but they tried…they were just overwhelmed by their fellow Congressional leaders or members of their party…and it’s all a bunch of bullshit…just so they can pocket a few more bucks or increase their portfolios.

Am I a cynic? No, that’s not cynicism, it’s realism. I’ve been on this earth for over eight decades, and in that time, I’ve learned one or two things about political leaders. The first of these things is that they are overly impressed with their own self-importance. A second thing is that they may have begun their political careers hoping to change things for the better, but that they soon become corrupted by those who were in office before them and took them under their wing, and if they refused to be taken “under a wing,” they were soon out of office and never even saw the bus that they had been thrown under by their ‘friends.’ Remember what Mark Twain said, “We have the best government that money can buy,” and by God, he was absolutely right.

My political ambition never carried me farther than being vice president of a Little League, and seeing the back-biting and chicanery that happened in something as low-level as that was enough to convince me that getting into the real political arena was somewhat akin to shoveling shit against the oncoming tide…you just won’t win.

I love America with all my heart and soul. It is the greatest country on earth. It’s a land where people are free to pursue their dreams, and whether they succeed or fall flat on their collective faces, it doesn’t matter. It doesn’t matter because they are free to get up and start their pursuit all over again. Yes, I love my country, but sometimes I wonder just how we ever came to this sorry impasse that we call the United States Congress.

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We all know that there are inequities and inequalities in this world. Well, at least anyone with half a brain knows these things. I’m a big believer in this funny little thing called equal pay for equal work, which makes me just a wee bit pissed that women, on average, receive only eighty-two cents for every dollar that a man makes for doing the same job. When Mary Barra took over as head of General Motors, I’m told, she received a compensation package one million dollars lower than that of her predecessor. Her compensation package last year consisted of a $1,750,000 salary and other compensation that brought her package up to $28,576,651. Admittedly, this is probably one of the few cases where a CEO has earned every penny. Even within the male population, there is inequality. Tell me, if you can, why the head football coach at the Air Force Academy is making eight times more money than the Secretary of Defense of the United States? When one considers the international considerations of each position, it would appear reasonable to assume that the roles really ought to be reversed. Additionally, if the president of the University of Michigan is making $750,000, and the head football coach is making $9 million, how does one justify that inequality…and please, don’t tell me that old saw about the alumni fund depending on a winning season. It may be true in part but is it really true to the extent of such imbalance?

What does one have to do to earn millions of dollar each year? It certainly helps to have a history of achievement and demonstrated leadership qualities. According to Chief Executive Research, executive compensation is a “strategic tool.” “…having the right senior executives on the team and aligned are key drivers of business success, yet far too many companies don’t approach executive compensation strategically.” It seems to me that far too many companies hire more based on ‘old boy networks, school ties, or religious affiliations. After that the 300 multiple appears to take effect, that is, the CEO makes about 300 times what the average worker in his/her company earns. Is this fair and equitable? The answer is complex.

If you hire the very best person for the job as CEO, everyone benefits. The new ‘boss’ plans strategically for a five, ten, or longer period – one Japanese executive created a strategic plan 150 years out. If the plan works, the chief executive should certainly be compensated appropriately. Should the compensation be 300 times what the worker in the factory, on the floor, in the sales office or the secretarial pool? My answer to that is an unqualified, “No!” What if the chief executive increases the profits of the company by 300 percent of his/her strategic plan? The answer is still, “No.” We have allowed executive compensation to get out of control, according to Robert Reich, former Secretary of Labor, but, “Corporate apologists say CEOs and other top executives are worth these amounts because their corporations have performed so well over the last three decades that CEOs are like star baseball players or movie stars.” This is nonsense. The economy has grown. The stock market has grown. People have either amped up their spending or gone into greater debt just to “keep up with the Joneses.” CEO’s aren’t any brighter today than they were in 1965 when that multiple we talked about earlier was 27:1. In addition, legislation – until Trump came along, but it still will – favored big companies that wished to outsource, either to other states with more favorable tax rulings and lower labor costs, or overseas where labor costs were markedly lower.

In 2015, “The SEC passed a new rule for large corporations: Starting in fiscal year 2017, they must disclose their “pay ratio,” the multiple by which the CEO’s pay exceeds that of the median worker’s.” In his article in Politico, Michael Dorff states, “The point of the rule is to both bring down CEO pay and to improve the compensation of rank-and-file workers. The theory is that CEOs and boards of directors will be so embarrassed when they have to admit just how much more they pay their chief executives than a normal worker—300 times is typical, though some companies’ ratios may stretch into the thousands—that, in their shame, they will simultaneously lower the CEO’s paycheck and grant their workers a raise.” Personally, I have strong doubts that CEOs and boards of directors that are currently paying outlandish compensation packages give two hoots in hell about their workers, are too narcissistic and self-centered, and it will not become effective until labor unions and workers themselves take action against those same CEO’s and boards of directors.

The idea that a CEO and his/her top four or five executives bear a responsibility only to their boards of directors is ludicrous, although it appears that many of the S&P 500 still adhere to such a belief. You figure it out. If the CEO reports to the board of directors, it figures that he/she also has some input regarding who sits on that board. In an article in The Atlantic, they cite, “…Lucian Bebchuk and Jesse Fried, [who] in their 2004 book Pay Without Performance, argued that this procedure is a comforting fiction. They wrote that skyrocketing executive pay is the blatant result of CEOs’ power over decisions within U.S. firms, including compensation. Being on a corporate board is a great gig. It offers personal and professional connections, prestige, company perks, and, of course, money. In 2013, the average compensation for a board member at an S&P 500 company—usually a part-time position—was $251,000. It only stands to reason that board members don’t want to rock the CEO’s boat. While directors are elected by shareholders, the key is to be nominated to a directorship, because nominees to directorships are almost never voted down. Bebchuk and Fried showed that CEOs typically have considerable influence over the nominating process and can exert their power to block or put forward nominations, so directors have a sense that they were brought in by the CEO. Beyond elections, CEOs can use their control over the company’s resources to legally (and sometimes illegally) bribe board members with company perks, such as air travel, as well as monetary payment.

In other words, get your foot in the door as CEO of a major corporation via the old boy network, make the shareholders and your board of directors your primary concern, and you could well be set for life. It’s a bit more complicated than that, but I believe you get the general idea.

Truth to tell, CEOs and their organizations owe a far greater debt to a larger audience than their shareholders and boards. These stakeholders, as they are known, can also exercise some control over the pay of the CEO. Stakeholders include workers, product consumers if a product is involved, suppliers, creditors, and many others. R. Edward Freeman introduced the concept of stakeholders in business in 1984 in his book, Strategic Management. “The book proposed that effective management consists of balancing the interests of all [of] the corporation’s stakeholders – any individual or group who can affect, or is affected by, the achievement of a corporation’s purpose. The stakeholder concept provides a new way of thinking about strategic management – that is, how a corporation can and should set and implement direction.” Only by involving, completely involving, all stakeholders in the decision making processes, will CEO compensation, a major component of directing the organization be brought back into line. It seems to me that as long as CEO’s have any ability to influence who is on their board of directors or that the boards’ only interest is in lining their own pockets, this idea of multi-million dollar compensation will not be curbed, but will, in fact, flourish. The losers in this situation are too many to mention, and it only further grows the gap between the one percenters and the rest of the nation.

In the second part of this two-part series, I will take a look at the health care industry and the compensation of those in it.

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Is this a great country or what? We’ve got a national security adviser who can’t be trusted to advise the President, a nominee for the position of Secretary of Labor who withdraws his name before the Congress even has a chance to lay into him, and a Secretary of Education who can’t even spell at a third grade level. And don’t forget anorexic Kellyanne Conway, that paragon of ‘alternative facts’ who is totally clueless about what actually goes on in the West Wing. Hey, we’re on the road to making America great once more! I’m not allowed to say ‘again,’ because that would be pilfering someone else’s line, and I wouldn’t want to do that. Then we show a picture of the first daughter sitting at the boss’s desk in the Oval Office – looking, incidentally, much more presidential than dear old dad. It appeared that she was about to sign her first executive order that any store not carrying her clothing line would no longer be allowed to do business in her country…oops!

One of the things that I fully understand is the national intelligence agencies’ fear of giving classified briefings to Mr. Trump. While he has a tendency to blame his mistakes on everyone and anyone else, it has become patently obvious that he is the principal leak in the White House. On General Flynn’s resignation, Trump immediately blamed the intelligence community and the media for revealing the telephone calls between Flynn and the Russian ambassador. Certainly, the agencies wouldn’t leak it because they understand what the word “classified” actually means, and I have serious doubts about most media outlets reporting it unless they have a minimum of three unimpeachable resources. In this regard, it’s more than apparent that Mr. Trump doesn’t understand how either the intelligence community or the media actually work.

Even some of the most diehard Republicans on the hill are going “WTF!” You have to figure that when Jason Chaffetz and Elijah Cummings are smiling at each other, the US of A has some serious problems. It was my understanding that one of the principal jobs of an incoming president was to unite the country, not send it into paroxysm of laughter on the late shows or anti-anti demonstrations in town hall meetings and outside in city and town streets.

I have returned to this essay after watching several minutes – it was all I could take – of Mr. Trump’s press conference. My epiphany came while he was speaking. I now know how to tell when he is telling the truth and when he is lying. While listening to a question from the reporter, he is in a moment of truth, but the minute he speaks, whatever he says, it is a lie. This leads me to believe that Mr. Trump cannot tell when he is lying. It’s the fabric of his life. Lying, to him, is like breathing to the rest of us. In the brief time I listened, he told three different stories about why his national security adviser, Michael Flynn, was asked for his resignation. He went on to lay blame for Russian election hacking on Hillary and the Democrats. He talked about “fake news” in the Washington Post, The New York Times, and The Wall Street Journal, three of the most respected newspapers in this country. Why he charged a black reporter with the task of setting up a meeting with himself and the Congressional Black Caucus was beyond my comprehension, but it was certainly an opportunity for Trump to denigrate both Congressman Elijah Cummings as well as Representative Charles Schumer of New York.

There will, no doubt, be those who find my condemnation of Mr. Trump’s actions over the first few weeks of his presidency much too harsh. That is their prerogative. However, it has become apparent to me that the Republican Party has made a tragic error in allowing this man to become a candidate unfit for the office to which he aspired and, even more tragically, to allow him to usurp the office of President of the United States. Would Mrs. Clinton have been a better choice? Not in this writer’s opinion, and that is the single most important question for America to answer…where is our next true leader? Where is the next Dwight David Eisenhower? Where is the next William Jefferson Clinton? Where is the next Ronald Reagan or Jack Kennedy? He…or She is out there somewhere, and somehow, he or she must be located and convinced to dedicate him/herself to a nation that is in dire need of leadership. It does not lie within the mind or the soul of Donald J. Trump, if, indeed, a soul he possesses.

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Choices…What an interesting word. Are you aware that the average adult makes 35,000 choices in a single day? That’s right; you read that correctly…35,000. Heck, we make 226.7 choices just about the food we’re going to eat in a single day. By contrast, children make only about 3,000 choices in a day. Much of the research, particularly about the food, was done at Cornell University, which is appropriate considering they have one of the best schools of hotel management in the country.

But…once more I digress, only to be pulled back to the subject at hand; in this case, “choices.” I’m willing to bet that without half trying, you could list 1,000 choices you make in a day. Consider your clothing, your mode of transportation, your job, your career, the television you may or may not watch, and of course let us not forget about the food you choose…or not. I suppose we could add the choices you make about what to do on the computer or, if you use a smart phone…oy, let’s not get started on those choices

I’d like to consider myself as a pretty average adult. Stop laughing right now! Okay, so I’m a bit older than average. Maybe I’m a bit taller than average even with my age-diminished-height. I could also be thought of as a bit heavier than average – although I have just lost 25 pounds, with 25 more to go. But here are some of the choices I have to make first thing in the morning: Gym clothing or street clothes; water or fruit juice; a protein bar or some fruit; go to the gym or not; if not, what will we be doing today and how do I dress for it; if going to the gym, is the battery charged on my I-pod or should I charge it while I’m getting ready to go. I could go on and on and on and I haven’t even been to the gym yet! Geez, all these choices, most of which we make without even considering that we are doing so. Are you getting my drift here?

If you remember Newton’s Third Law…”For every action, there is an equal and opposite reaction,” then you will, perhaps, understand why we make those 35,000 choices each and every day. Making a single choice influences so many other choices that they quickly add up, and the number doesn’t appear quite as large as it initially did.

Along the line we may make some choices that don’t affect us at the time but that have a huge impact on us later. My decision to smoke for 51 years of my life has now resulted in emphysema and chronic obstructive pulmonary disease (COPD). As a result, my choices of exercise are quite limited. On the other hand, my choice not to get involved in any criminal activities – yes, it was a choice – means that I didn’t have any kind of a record that would have prevented me from getting a security clearance or pursuing any number of professions.

Are there choices that I made that perhaps I should not have? Absolutely. Let me cite college as an example. In my undergraduate years, I never took the classroom all that seriously. That was a choice that, in hindsight, was about as dumb as I had to have been. Don’t get me wrong, I had wonderful collegiate experiences. They just weren’t in the classroom. By the time I got to graduate school I was married, had a full-time job, and truly recognized the value of higher education. To this day, however, I look back at my undergraduate days with some regret.

But enough about me. Let’s talk about you for a few moments. What choices did you make today? Were they choices that affected only you or were the effects felt by others? Were the effects on others positive or negative? Did your choices affect the choices made by others? The choices you make as an individual, ie, breakfast, clothing, etcetera, these only affect you. Supposing, however, that you are the head of a small or even large organization. Every choice you make may affect the lives of hundreds or even thousands of others. The choices you make compound over a lifetime and lead to who, what, and where you are. Your choices define you, and they define how others view you. This latter may not concern you at all, but you’d be wise to consider it. Let us return to you as leader, president, CEO, or whatever title you wish to hold. Your choices now become decisions and those decisions always affect the choices and actions of others. So how do you make those decisions? Do you go with the first choice that is offered and to hell with the consequences? Do you make the choice to go with what will please the majority, even though it may have long-term negative consequences? Or do you carefully weigh what is good for the organization, the employees, the community, and a host of others that will be affected by this one decision that is made up of complex choices?

It’s at this point that you begin to think, “Damn, I never looked at my choices this way,” or words to that effect. Our simple choices that only affect us are one thing, but when your choice has a ripple effect (damn, there’s that word again), well, that’s when things become complicated. If you’re on the top rung of the ladder, the choices you make cannot be made impulsively. Every single factor must be weighed. It doesn’t become a breakfast choice or a clothing choice, or the choice of a television program to be watched. Your choice becomes your decision. Can you live with it?

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I must be going blind. This is not a literal statement, but in a figurative sense, there is no question that my vision has taken a bad turn somewhere. I cannot see why anyone in their right mind or with corrected vision would ever consider Donald J. Trump to be Presidential. Custodial perhaps, but Presidential? It’s not difficult to see why many Americans believe Trump to be a Messiah of some ilk. He boasts; he brags; he puts forth plans that, on the surface, appeal to those with little or no knowledge of how the plans would actually work. He’s a showman; a carnie man, a television personality, a failed businessman who bends the truth to meet his personal requirements.

Trump states that he inherited one million dollars from his family. History shows and Forbes Magazine confirms that the amount was closer to $40 million. With that money, he has amassed an enormous net worth of, according to him, $10 billion. Again, going back to Forbes, that net worth is closer to $4.7 billion. It’s still a lot of money but how it’s been garnered is open to question. In the 1980s, when Trump Plaza was being constructed, a sub-contract when to S&A Concrete, a company partially owned by the mafia. “Trump World Tower, supported by the Quadrozzi Concrete Company, is also tangentially related to La Cosa Nostra. The head of the company, John Quadrozzi Sr., was tied to the Lucchese crime family and indicted for making illegal payoffs to the mob in 1992.”1 The list goes on and on about Trump’s nefarious dealings with the mob. If one of the qualities of a President is assumed to be “A person of strong character,” Trump fails to meet the standard.

Let’s take a moment to look at some of Trump’s business failures: The Eastern Airlines Shuttle from Boston to New York and Washington ran for 27 years. Many was the time that I would hop a 6:30 am shuttle to head to either destination. It was a great convenience (plus free parking). In 1988, Trump purchased the service for a reported $365 million. He improved the look of the service by adding maple-wood veneer to the floors, chrome-plated seat belt clasps and gold bathroom fixtures. It didn’t work and the Trump Shuttle never turned a profit. The high debt accrued forced Trump to default on his loans, and the shuttle ceased to exist in 1992. In 2006, Trump introduced Trump Vodka, designed to compete with Grey Goose. If you happen to own a bottle of Trump’s vodka, hold onto it because it’s highly doubtful you’ll find it on liquor store shelves today…but you will find Grey Goose.

Claire Sudduth of Time Magazine noted in an article about Trump’s bankruptcies, “”I don’t like the B word,” Donald Trump said in 2010 while testifying in a New Jersey bankruptcy courtroom about his gambling company, Trump Entertainment Resorts Inc., which had filed for bankruptcy for the third time. Given the number of times Trump has flirted with bankruptcy, you’d think he’d be used to that word by now.

“In 1990, the banking institutions that backed his real estate investments had to bail him out with a $65 million “rescue package” that contained new loans and credit. But it wasn’t enough, and nine months later the famous developer was nearly $4 billion in debt. He didn’t declare personal bankruptcy, although his famous Taj Mahal casino in Atlantic City, N.J., did have to file for it  Trump’s economic troubles continued through the early ’90s, while he was personally leveraged to nearly $1 billion. In 2004, Trump Hotels & Casino Resorts also filed for bankruptcy. The company was only a small portion of Trump’s real estate empire, but he did still have to personally cough up $72 million to keep it afloat. In 2009, the same company filed for bankruptcy again. Yet during all of this, no one ever told Trump, “You’re fired!” Probably because no one could.2 In case you weren’t counting, Trump has gone bankrupt four times. He later claimed that those were not his failures as a businessman but strategic decisions to help him make more money. In other words, he manipulated the system for personal gain. Gee, isn’t Bernie Madoff doing time for that, along with several other sleazebags?

Much more could be said about Mr. Trump and his potential candidacy for President of the United States. In truth, he’s a bully, a bigot, a racist, a sexist, a liar, and perhaps the worst individual ever to be considered for the highest office in the land. I never cared much for Mitt Romney when he was Governor of the Commonwealth of Massachusetts, but you can bet your boots that should he run as a third party candidate, I will be checking his name off in the voting booth.

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  1. Politifact…a division of the Tampa Bay Times
  2. Claire Sudduth, Time Magazine, April 29, 2011

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