FT118: ” It’s better to have rich investors risk their wealth than having the government risk our taxes.” -Old Pithy

Posted by PITHOCRATES - May 18th, 2012

Fundamental Truth

It wasn’t the Private Investors who lost Half a Billion Dollars on Solyndra

It takes money to create jobs.  Some conveniently forget this fact when the politicians want to take money away from rich people who got rich by creating jobs.  But the politicians always remember this fact when they want to ‘invest’ our tax money into projects to create jobs.  When they want to spend our taxes they then fully understand the concept that it takes money to create jobs.  Funny how that works.

Also funny is that the projects the politicians want to invest in are not projects the rich investors want to invest in.  Because it’s their wealth they’re risking they are a little choosier in deciding where to invest it.  So they don’t invest in these losers the politicians champion.  For even though these politicians are Ivy League graduates who are smarter than everyone else they only like to risk other people’s money.  Unless they have inside information.  Such as pending legislation that will affect the market.  Then they’ll invest their own money.  But that’s the only time.  For as smart as these Ivy League graduates are they have little understanding of free market capitalism.  Or what it takes to be an entrepreneur.  And have no idea how to evaluate an investment opportunity without having inside information.

Still, politicians are so arrogant to believe that they are smarter than the market.  And that if they ‘wisely’ invest our tax money that they can do a better job than those who risk their own money.  People the politicians believe aren’t smart enough to make the best and wisest investments.  Despite their having gotten rich doing just that.  Making wise investments.  For example, it wasn’t the private investors who lost half a billion dollars on Solyndra.  For they saw the only thing keeping the solar industry afloat were government subsidies.  And any industry that requires government subsidies is not likely ever to earn a profit.  So they said ‘no’ to Solyndra and put their money in what they deemed wiser investments.  While the government invested in Solyndra.  Because they saw that as the ‘wiser’ investment.  Only to lose a half a billion of our tax dollars in the process.  Yup.  When it comes to making smart investments the politicians are regular ‘geniuses’.  And by that I mean they are actually the opposite of geniuses.  I was using sarcasm.

Politicians lose Hundreds of Billions of our Tax Dollars in Investment after Investment because they Care 

So the politicians are worse than the worst rank amateur investor.  We know it.  They know it.  At least they should know it what with their perfect record of failure.  So why do they do it?  Why do they continually take money away from the people who know how to better invest that money so they can make some of the worst investments of all time?  That’s a good question.  And we really need to think about it. 

To figure this out think about this one word.  Elections.  That’s the key.  You see, a majority of people wouldn’t vote for these politicians.  Because they want to spend our money.  They want to raise our taxes.  So they can spend it on more Solyndras.  How does that help them?  Here’s how.  People at these companies who receive this federal money are very grateful.  And to show their gratitude they make campaign contributions.  Often with some of the very money they received from the government.  Part of that ‘wise’ investment to create the ‘smart jobs’ of the future.  And why not?  There’ll be a little left over after paying some generous executive salaries and bonuses.  Why not give a little back to the people that made all of that possible?  Make a nice campaign contribution to help the politicians convince the people that they are smart and wise and deserve to win the next election.  So they can spend more of the people’s taxes.  Into other wise investments.  Like Solyndra. 

You just need one thing to make this all possible.  A bad investment.  An investment so bad that no rich people will risk their own money.  Because they know what a loser the investment is.  It has to be that bad.  So someone in the government can say rich people are evil and selfish.  That they only care about turning a profit.  That they are not interested in the jobs of the future.  Or high paying jobs with good benefits for the working man.  Like the politicians do.  They care about the people.  Instead of turning a profit.  And are willing to invest taxpayer money in the poorest of investments.  And lose hundreds of billions of our tax dollars in investment after investment.  Because they care.  More for their own self-interests but they care.  Unlike those evil rich people.  Who refuse to waste valuable investment capital.  And won’t let the people they’ve loaned it to waste it either.  Because they only care about the money.  Unlike our government.  Who has no problem throwing away trillions of our tax dollars.

Investors Invest Responsibly and know how to Pick a Winner that will Create Jobs 

Rich investors take risks when they invest their own money.  So they are very careful in how they invest it.  And when they invest it they are very interested in how that money is used.  They don’t need any oversight committees or legislation.  Because they are no one’s fool.  They are not rank amateurs.  And they appreciate the value of hard-earned money.  They have a vested interest to make sure that money is used in the most efficient manner possible.  Because it’s their money.  And they care.

Politicians invest taxpayer money.  They have no vested interest.  So they don’t care.  When they run out of money from all of their bad investments they don’t suffer any consequences.  All they do is malign rich people again to foster a little class warfare to make raising taxes on the ‘evil rich’ easier.  Then they keep on making bad investments.  Mostly to their political cronies.  Who will return some of that public money back to them in the form of a campaign contribution.

That’s why it’s better to have rich investors risk their wealth than having the government risk our taxes.  Investors will invest responsibly.  The politicians will not.  And the investors know how to pick a winner that will create jobs.  The politicians do not.  The only way they know how to make money is with inside information.  Or skimming a little off the top of the public purse.  Which is the only way to explain investments like Solyndra.  It’s either that or our politicians are just really stupid. 

What a choice.  Corrupt or stupid.  Or is it even worse?  Are they corrupt AND stupid?  If so it sure would help explain a lot.

www.PITHOCRATES.com

Share

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

LESSONS LEARNED #24: “You cannot lobby a politician unless he or she is for sale.” -Old Pithy

Posted by PITHOCRATES - July 29th, 2010

BUILDING A RAILROAD ain’t cheap.  It needs dump trucks of money.  Especially if it’s transcontinental.  And that’s what the Union Pacific and the Central Pacific were building.  Starting during the Civil War in 1863 (the year Vicksburg fell and Lee retreated from Gettysburg).  The Union Pacific was building west from Iowa.  And the Central pacific was building east from California. 

For the most part, Protestant, English-speaking Americans settled Texas.  Mexico had encouraged the American colonists to settle this region.  Because few Mexicans were moving north to do so.   The deal was that the colonists conduct official business in Spanish and convert to Catholicism.  They didn’t.  These and other issues soured relations between Mexico and the American Texans.  The Republic of Texas proclaimed their independence from Mexico.  America annexed Texas.  Mexico tried to get it back.  The Mexican-American War followed.  America won.  Texas became a state in 1845.  And that other Spanish/Mexican territory that America was especially interested in, California, became a state in 1850.  Hence the desire for a transcontinental railroad.

The U.S. government was very eager to connect the new state of California to the rest of America.  So they acted aggressively.  They would provide the dump trucks of money.  As America expanded, the U.S. government became the owner of more and more public land.  The sale of new lands provided a large amount of revenue for the federal government.  (Other forms of taxation (income taxes, excise taxes, etc.) grew as the amount of public lands to sell decreased.)  Land is valuable.  So they would grant the railroad companies some 44 million acres of land (i.e., land grants) for their use.  The railroad companies, then, would sell the land to raise the capital to build their railroads.  The government also provided some $60 million in federal loans.

But it didn’t end there.  The federal government came up with incentives to speed things up.  They based the amount of loans upon the miles of track laid.  The more difficult the ground, the more cash.  So, what you got from these incentives was the wrong incentive.  To lay as much track as possible on the most difficult ground they could find.  And then there were mineral rights.  The railroad would own the property they built on.  And any minerals located underneath.  So the tracks wandered and meandered to maximize these benefits.  And speed was key.  Not longevity.  Wherever possible they used wood instead of masonry.  The used the cheapest iron for track.  They even laid track on ice.   (They had to rebuild large chunks of the line before any trains would roll.)  And when the Union Pacific and Central Pacific met, they kept building, parallel to each other.  To lay more miles of track.  And get more cash from the government.

PAR FOR THE COURSE.  When government gets involved they can really mess things up.  But it gets worse.  Not only was government throwing dump trucks of American money down the toilet, they were also profiting from this hemorrhaging of public money.  As shareholders in Crédit Mobilier.

Thomas Durant of Union Pacific concocted the Crédit Mobilier Scandal.  As part of the government requirements to build the transcontinental railroad, Union Pacific had to sell stock at $100 per share.  Problem was, few believed the railroad could be built.  So there were few takers to buy the stock at $100 per share.  So he created Crédit Mobilier to buy that stock.  Once they did, they then resold the stock on the open market at prevailing market prices.  Which were well below $100 per share.  Union Pacific met the government requirements thanks to the willingness of Crédit Mobilier to buy their stock.  The only thing was, both companies had the same stockholders.  Crédit Mobilier was a sham company.  Union Pacific WAS Crédit Mobilier.  And it gets worse.

Union Pacific chose Crédit Mobilier to build their railroad.  Crédit Mobilier submitted highly inflated bills to Union Pacific who promptly paid them.  They then submitted the bills to the federal government (plus a small administration fee) for reimbursement.  Which the federal government promptly paid.  Crédit Mobilier proved to be highly profitable.  This pleased their shareholders.  Which included members of Congress who approved the overbillings as wells as additional funding for cost overruns.  No doubt Union Pacific/Crédit Mobilier had very good friends in Washington.  Including members of the Grant administration.  Until the party ended.  The press exposed the scandal during the 1872 presidential campaign.  Outraged, the federal government conducted an investigation.  But when you investigate yourself for wrongdoing you can guess the outcome.  Oh, there were some slaps on the wrists, but government came out relatively unscathed.  But the public money was gone.  As is usually the case with political graft.  Politicians get rich while the public pays the bill.

(Incidentally, the investigation did not implicate Ulysses Grant.  However, because members of his administration were implicated, this scandal tarnished his presidency.  Grant, though, was not corrupt.  He was a great general.  But not a shrewd politician.  Where there was a code of honor in the military, he found no such code in politics.  Friends used his political naivety for personal profit.  If you read Grant’s personal memoirs you can get a sense of Grant’s character.  Many consider his memoirs among the finest ever written.  He was honest and humble.  A man of integrity.  An expert horseman, he was reduced to riding in a horse and buggy in his later years.  Once, while president, he was stopped for speeding through the streets of Washington.  When the young policeman saw who he had pulled over, he apologized profusely to the president and let him go.  Grant told the young man to write him the ticket.  Because it was his job.  And the right thing to do.  For no man, even the president, was above the law.)

THE FINANCIAL WORLD fell apart in 2007.  And this happened because someone changed the definition of the American Dream from individual liberty to owning a house.  Even if you couldn’t afford to buy one.  Even if you couldn’t qualify for a mortgage.  Even, if you should get a mortgage, you had no chance in hell of making your payments.

Home ownership would be the key to American prosperity.  Per the American government.  Build homes and grow the economy.   That was the official mantra.  So Washington designed American policy accordingly.  Lenders came up with clever financing schemes to put ever more people into new homes.  And they were clever.  But left out were the poorest of the poor.  Even a small down payment on the most modest of homes was out of their range.  Proponents of these poor said this was discriminatory.  Many of the inner city poor in the biggest of cities were minority.  People cried racism in mortgage lending.  Government heard.  They pressured lenders to lend to these poor people.  Or else.  Lenders were reluctant.  With no money for down payments and questionable employment to service these mortgages, they saw great financial risk.  So the government said not to worry.  We’ll take that risk.  Fannie Mae and Freddie Mac would guarantee certain ‘risky’ loans as long as they met minimum criteria.  And they would also buy risky mortgages and get them off their books.  Well, with no risk, the lenders would lend to anyone.  They made NINJA loans (loans to people with No Income, No Job, and no Assets).  And why not?  If any loan was likely to default it was a NINJA loan.  But if Freddie or Fannie bought before the default, what did a lender care?  And even they defaulted before, Fannie and Freddie guaranteed the loan.  How could a lender lose?

Once upon a time, there was no safer loan than a home mortgage.  Why?  Because it would take someone’s lifesavings to pay for the down payment (20% of the home price in the common conventional mortgage).  And people lived in these houses.  In other words, these new home owners had a vested interested to service those mortgages.  Someone who doesn’t put up that 20% down payment with their own money, though, has less incentive to service that mortgage.  They can walk away with little financial loss.

ARE YOU GETTING the picture?  With this easy lending there was a housing boom.  Then a bubble.  With such easy money, housing demand went up.  As did prices.  So housing values soared.  Some poor people were buying these homes with creative financing (used to make the unqualified qualify for a mortgage).  We call these subprime mortgages.  They include Adjustable Rate Mortgages (ARMs).  These have adjustable interest rates.  This removes the risk of inflation.  So they have lower interest rates than fixed-rate mortgages.  If there is inflation (and interest rates go up), they adjust the interest rate on the mortgage up.  Other clever financing included interest only mortgages.  These include a balloon payment at the end of a set term of the full principal.  These and other clever instruments put people into houses who could only afford the smallest of monthly payments.  The idea was that they would refinance after an ‘introductory’ period.  And it would work as long as interest rates did not go up.  But they went up.  And house prices fell.  The bubble burst.  Mortgages went underwater (people owed more than the houses were worth).  Some people struggled to make their payments and simply couldn’t.  Others with little of their own money invested simply walked away.  The subprime industry imploded.  So what happened, then, to all those subprime mortgages?

Fannie and Freddie bought these risky mortgages.  And securitized them.  They chopped and diced them and created investment devices called Collateralized Debt Obligations (CDOs).  These are fancy bonds backed by those ‘safe’ home mortgages.  Especially safe with those Fannie and Freddie guarantees.  They were as safe as government bonds but more profitable.  As long as people kept making their mortgage payments.

But risk is a funny thing.  You can manage it.  But you can’t get rid of it.  Interest rates went up.  The ARMs reset their interest rates.  People defaulted.  The value of the subprime mortgages that backed those CDOs collapsed, making the value of the CDOs collapse.  And everyone who bought those CDOs took a hit.  Investors around the globe shared those losses. 

Those subprime loans were very risky.  Lenders would not make the loans unless someone else took that risk.  The government took that risk in the guise of Fannie and Freddie.  Who passed on that risk to the investors buying what they thought were safe investments.  Who saw large chunks of their investment portfolios go ‘puff’ into thin air.

SO WHAT ARE Freddie and Fannie exactly?  They are government-sponsored enterprises (GSEs).  They key word here is government.  Once again, you put huge piles of money and government together and the results are predictable.  In an effort to extend the ‘American Dream’ to as many Americans as possible, the federal oversight body for Freddie and Fannie lowered the minimum criteria for making those risky loans.  Even excluding an applicant’s credit worthiness from the application process (so called ‘no-doc’ loans were loans made without any documentation to prove the credit worthiness of the applicant.)  To encourage further reckless lending.  Ultimately causing the worst financial crisis since the Great Depression. 

And, of course, members of Congress did well during the good times of the subprime boom.  They got large campaign contributions.  Some sweetheart mortgagee deals.  A grateful voting bloc.  And other largess from the profitable subprime industry.  Government did well.  Just as they did during the Crédit Mobilier Scandal.  And the American taxpayer gets to pay the bill.  Some things never change.  Government created both of these scandals.  As government is wont to do whenever around huge piles of money.  For when it comes to stealing from the government, someone in the government has to let it happen.  For it takes a nod and a wink from someone in power to let such massive fraud to take place. 

www.PITHOCRATES.com

Share

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

FUNDAMENTAL TRUTH #24: “You cannot lobby a politician unless he or she is for sale.” -Old Pithy

Posted by PITHOCRATES - July 27th, 2010

IT’S A PROFESSION as old as time.  Politics.  Prostitution, too.

Hooker:  Hey, baby, you got girlfriend Vietnam?

Joker:    Not just this minute.

Hooker:  Well, baby, me so horny. Me so horny. Me love you long time. You party?

Joker:    Yeah, we might party. How much?

Hooker:  Fifteen dolla.

Joker:    Fifteen dollars for both of us?

Hooker:  No. Each you fifteen dolla. Me love you long time. Me so horny.

Joker:    Fifteen dollar too boo-coo. Five dollars each.

Hooker:  Me suckee-suckee. Me love you too much.

Joker:    Five dollars is all my mom allows me to spend.

Hooker:  Okay! Ten dolla each.

Joker:    What do we get for ten dollars?

Hooker:  Every’ting you want.

Joker:    Everything?

Hooker:  Every’ting.

Joker:    Well, old buddy, feel like spending some of your hard-earned money?

(From the movie Full Metal Jacket, 1987.)

In the above scene from Full Metal Jacket, Private Joker (reporter for Stars and Stripes) and Private Rafterman (photographer for Stars and Stripes) are sitting at a table outside a cafe in Da Nang.  Minding their own business.  The hooker walks up to them.  She initiates the conversation.  She tells them that for a fee she’ll have sex with them.

Please note that it is the service provider that approached the two privates.  They did not go up to random women, offering them money in exchange for sex.  Why?  Because not all women are for sale.  They know this.  It would be a waste of their time to ask random women.   And it would be rather offensive to the laywoman in the street.  Now, Marines may be killers.  But they’re polite to the indigenous population.

When you’re selling favors, the onus is on the seller to find the buyers.  They have to put the word out that they are for sale (ultra-miniskirt, low-cut tops, high heels, heavy makeup, stand on a corner, flash their ‘wares’, etc.).  Or find someone who will broker these sales for them.  A pimp, if you will.  Or a brothel madam.  Or, mamasan, as she is called in Southeast Asia.  A prostitute must initiate the process with the ‘john’ (Hey, baby, you got girlfriend Vietnam?).  Or she goes to a place where other prostitutes ply their trade to a receptive clientele (such as a brothel).

A prostitute is often a victim of circumstance.  Few women seek this life.  They’re not shopping one day when a man walks up to them and says, “Wow.  I find you beautiful and would like to pay you to have sex with me.”   To which she replies, “okay” and leaves one life to start another.  It doesn’t happen like that.   Often it is some misfortune that forces them into the business.  And once there they have but one thing of value that they can sell for subsistence; a young attractive body.  For a limited time.

THEY WEREN’T PERFECT.  The Founding Fathers had their faults.  They knew the evils of a strong central government.  And they knew the dangers of a weak central government.  John Adams wanted to build ‘wooden walls’ (i.e., a navy) to protect America.  Jefferson opposed standing armies and expensive navies.  Washington was a nationalist.  Hamilton, too.  Madison and Jefferson were more states’ rights men.  Hamilton was a capitalist and wanted a national bank.  Jefferson hated capitalism, banks, cities and Hamilton.  It was a rocky start.  They had different views about what America should be.  But the administrations of the Founding Fathers (Washington, Adams, Jefferson, Madison and Munroe) were for the most part honest.  There was partisan fighting, but political corruption was still gestating.   Our first Democratic administration would give it real life.

Government was growing.  There were more federal jobs to hand out.  And with property ownership no longer a requirement to vote, more and more voters had no skin in the game.  People were now voting to have a say in how to spend other people’s money.  You put the two together and you get political patronage and spoils.  Those who help to ‘get out the vote’ to get Democrats elected were rewarded with federal jobs.  The more you helped the better the job.  And when Andrew Jackson won the election in 1828, federal job seekers overran Washington.

It may have started with the Democrats, but soon everyone was using the spoils of an election victory to repay their most loyal supporters.  And government continued to grow.  Back then, it was just politics.  Egregious, but just politics.  Patronage and spoils turned into graft and kickbacks.  And the bigger government got, the more money poured into and out of Washington.

Soon, congressmen, senators and presidents steered legislation and/or policy in exchange for sweetheart mortgage deals, vacation junkets, campaign contributions, legal defense funds, retirement of campaign debt, libraries, etc.  They were now offering services for a fee.  And for a lot more than subsistence.  During a limited time.  Due to the circumstance of holding public office.  Now, they’re not saying “me love you long time,” but they are taking money and someone is getting screwed.  And it’s a pretty sweet deal.  The prostitute has to earn her money the hard way.  She has to put out.  A politician, on the other hand, doesn’t.  They get rich the easy way.  While the public takes it up the pooper.

PEOPLE HATE LOBBYISTS.  They hate their influence.  They hate Big Pharma, Big Agra, Big Oil, Big Finance and the other ‘Bigs’ that lobby Big Government.  But these ‘johns’ only exist because politicians are more than willing (and make it known) that they are for sale.  You gotta pay to play in Washington. 

Are we to believe that politicians are as pure as the wind-driven snow until a lobbyist corrupts them?  Yeah, right.   If you believe that be wary of anyone trying to sell you a bridge.  It’s a game.  And they write the rules.  And if you don’t play nice, they can make it pretty unpleasant for you.  Anti-business legislation, justice department probes, attorney general investigations, public attacks by administration officials, etc.  Nasty things for a business.  And costly.  Often the cost of avoiding these (i.e., playing the game) is a cheaper option.  The business that does not lobby, then, may find themselves under assault by Big Government or at a disadvantage against their competitors who do.  So they enter the fray, hedging their bets by throwing large sums of money on both sides of the aisle. 

And even though the Republican Party is supposed to be the party of Big Business, have you seen who Big Business often contributes to?  More times than not they’re in bed with the Democrats.  Who did General Electric endorse in the 2008 election?  Obama.  Why?  You tell me.  For I have no idea.  They make MRIs.  And electricity-generating windmills.  I’m not sure how they could benefit by an administration that was going to reform health care and promote green energy.  It just baffles the mind.

THE CORRUPTION CONTAGION knows no party lines.  Unabashed greed is universal.  Especially with other people’s money.  Washington has become what the Founding Fathers feared.  Big, powerful and awash in cash.  Even during record deficits.  The days of disinterested public service are long gone.  Getting to Washington has become the objective.  Not what you do when you get there.  Because if you make it to Washington, you leave it rich.  And live comfortably ever after.

And now I must apologize to prostitutes everywhere.  For they truly earn their money.  It is unfair and unjust to compare them to politicians.  And the ultimate injustice is the fact that politicians enjoy their services.  One of the perks of being in Washington.  High-priced call girls at your beckoned call.  Paid for, of course, by others.

www.PITHOCRATES.com

Share

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

FUNDAMENTAL TRUTH #16: “The military part of the military has been a success story. The Big Government part of the military has not.” -Old Pithy

Posted by PITHOCRATES - June 1st, 2010

IN THE TUG of war between Big Government and limited government, the proponents of Big Government like to point to the military as a Big Government success story.  Now, the U.S. military has been a success story.  But not because of Big Government.  Unless you want to call paying $200 for a toilet seat a Big Government success story.

People are not perfect.  Anything man does, then, will be imperfect.  The same is true of the military.  Those doing the fighting are by necessity doing the absolute best thing to guarantee victory.  They die otherwise.  Those furthest away from combat tend to look more towards personal self-interest.  And, typically, the Big Government bureaucrats tend to be the furthest away from combat.  They’re never in any personal danger.  If they aren’t doing a stellar job, other people suffer and die.  They don’t.

The military is big business.  Which means big money.  Which means big graft.  And big kickbacks.  Military contracts are replete with pork.  It’s not necessarily the military contractors at fault, though.  When there is only one customer for your goods and services, you have to play by their rules.  Politicians have enormous power when awarding contracts.  And if you think pure merit is going to land you a contract on its own, think again. 

There’s a reason we’re paying $200 a toilet seat.  How else is a contractor going to get the money to pay all those bribes demanded by Washington bureaucrats?  High-end call girls don’t come cheap, especially if you want them to do the ‘weird stuff’ (to quote a little Dr. Bob Kelso from the television show Scrubs).  Private yachts.  Golf resorts.  Vacation junkets.  Campaign contributions.  These things are expensive.  And if they are the price of admission, how are you NOT going to pay to play?

SITUATION NORMAL, ALL F*cked Up.  That’s a SNAFU.  It implies a sense of hope.  FUBAR doesn’t.  F*cked Up Beyond All Repair (or Recognition).  That’s when things pass irreparably past SNAFU.  And usually when they do, it’s not the fault of the grunt with a rifle in his hands in the middle of the SNAFU.

These ‘military’ terms represent various degrees of incompetence of the generals/civilians above them that results with placing combat forces in very difficult situations.  Or simply what happens in the ‘fog of war’.  D-Day was a carefully planned assault on Hitler’s Atlantic Wall.  The generals and the politicians made their plans.  And when General Eisenhower gave the ‘go’ order, everything rested on the shoulders of the teenagers and young men far down the chain of command who would do the actual fighting.

Air power would soften up the defenses and isolate the coast from the interior, hindering the movement of German reinforcements.  Paratroopers and glider troops were to land behind enemy lines and take/hold key bridges and knock out specific gun emplacements.  A naval bombardment would further soften up the beach defenses.  Then the troops and tanks would hit the beaches.  They would open up beach exits to allow following troops and armor to pass through and break out of the beachhead.

Yes, that was the plan.  But the best laid schemes of mice and men go often askew (to quote the Scottish poet Robert Burns), don’t they?  And so they did.  The aerial bombardment fell too far inland.  When the paratroopers jumped they scattered in the wind.  Few landed on their objective.  Once the naval bombardment commenced there was so much smoke on the beach no one could see where their rounds were landing.  When the beach assault began, they shifted their fire inland to miss hitting their own men.  Which made them miss the Germans, too.  Still, of the 5 beaches, 4 went somewhat according to plan on D-Day.  One, though, was going from SNAFU to FUBAR pretty darn quick.

Omaha Beach.  The ‘softening up’ did little to the guns aimed on that beach.  Artillery and machine gun fire swept hellfire across Omaha.  It was raining lead and iron.  This is the beach at the beginning of the Steven Spielberg movie Saving Private Ryan.  The first wave of troops littered the beach with dead and dying.  The armor didn’t make it ashore.  These teenagers and young men were on their own.  And there is only one way to go on a beach.  Forward, into the enemy fire.

Close to FUBAR, the generals were considering abandoning the invasion.  Of course, they were powerless to do anything at the time other than to call retreat.  Nothing they could say or do would change a thing on the beach.  They were too far away.  They couldn’t see.  Or hear.  Or feel.  But junior officers and noncommissioned officers in the fight could.  And, using personal initiative, they took action.  Paratroopers gathered into fighting units and moved on their objectives.  A destroyer captain, closer to shore due to his shallower draft, could see the troops on the beach had no fire support. He took his ship in closer and ran up and down the shallow waters of the coast, providing some of the only effective fire support during the assault.  Junior officers and noncoms gathered shattered men from shattered units and led them inland and opened the beach exits. 

OMAHA WAS COSTLY, but we prevailed.  Not because of any general or governmental bureaucrat.  We prevailed because ordinary men did extraordinary things.  Nameless men.  Our fathers.  Our grandfathers.  They did incredible things.  Things that we cannot even imagine.  And we worry what would happen if circumstance once again puts ordinary people in a position like this again.  Could we do what they did?  We know a few who can.  They’re doing it today.  But could we?  Could we be as extraordinary as our fathers and grandfathers?  As those serving in the military today?  No doubt some have their doubts.

How, why, do they do it?  For God?  Country?  Family?  Perhaps.  Or is there another reason?

And Crispin Crispian shall ne’er go by,

From this day to the ending of the world,

But we in it shall be remembered-

We few, we happy few, we band of brothers;

For he to-day that sheds his blood with me

Shall be my brother

(St. Crispin’s Day Speech from William Shakespeare’s Henry V)

And so it goes in war.  Circumstance places ordinary men into extraordinary situations.  And they do extraordinary things.  And in the heat of battle, most thoughts flee their minds but two.  Survival.  And their brothers.  Alongside them in battle.  Who are as frightened as they.  Who are facing the same enemy fire as they are.  Terrified.  But standing fast.  He will not leave his brother just as his brother will not leave him.  This is courage.  And this is why American soldiers win battles.  This is what makes them give that last ounce of effort.  To go above and beyond the call of duty even.  To do the extraordinary.

SO THERE YOU have it.  The two parts that make up the military.  The military part.  And the Big Government part.  And the two parts couldn’t be more different. 

Big Government doesn’t make the military successful.  Kids barely out of high school do.  And we must never forget that.  We need to honor them on Memorial Day.  On Veterans Day.  And every other day of the calendar.  And we should never insult them by saying their actions are the result of a bloated governmental bureaucracy.  For nothing could be further from the truth.  Ironically, it’s their selfless service that enables that corrupt bureaucracy to become bloated in largess; a secured nation makes a safe place to turn public office into personal gain.

And Big Government will continue to buy their $200 toilet seats.  Because that’s who they are.  And, unless you’re part of Big Government, you don’t like it.  On principle.  And for the fact that if you have ever sat on one of those toilet seats, you know there just ain’t anything special about them.

www.PITHOCRATES.com

Share

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,