September 3, 2009 --

The advice given to regain control of a skidding car is to drive in the direction of the skid -- not against the skid. That is to say -- one must remain in personal control to regain vehicular control.

LPR has a hunch we are yet to acquire this capability in dealing with money matters.

Dependence on government to provide programs proposed in panic is not driving in the direction of the skid, but rather likely to create conditions to establish more ...skid rows.

Also, in times of slump, athletes are counseled to go back to the basics.
This counsel should, in LPR's view, also apply to society at large.

Federalist No. 62 warns of the "calamitous" impact on liberty of "mutable" policies.This document, attributed to James Madison, continues: "It will be of little avail to the people that the laws are made by men of their choice if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be uinderstood." (Seems to LPR that Madison was given a vision of our day.)

In the next paragraph, No. 62 points out:

"Every new regulation concerning commerce or revenue, or in any manner affecting the value of the different species of property, presents a new harvest to those who watch the change and can trace its consequences; a harvest, reared not by themselves, but by the toils and cares of the great body of their fellow-citizens. This is a state of things in which it may be said with some truth that laws are made for the few, not for the many ['many' in italics]."

More likely than not, we avoid the fundamentals because we have forgotten them -- or because they have become inconvenient. Either explanation is an insult to the founders of this nation, and an assault on the common good. But, then, how can rules drafted to favor particular factions promote the common good?

LPR, insolvency notwithstanding, is committed to bringing the counsel of our founders to corporate and caucus suites.

Tevye, the dairyman, remarks in" Fiddler on the Roof" that when you are rich, people think you really know. Perhaps the difficulty in our day is that it is the very successful person, herself, who thinks she really knows.

If VSPs - very successful people - are so knowledgeable and wise -- hot explain Bernard Madoff?

And if our VSPs do not come to this website -- this website, of course, must go to them, driving in the direction of their skidding ,of course.

LPR clicksters around the world -- thank you, thank you so much for being there.