Tuesday, December 10, 2019

4527 Toiletgate



Where Michael Corleone’s pistol was hidden.

Ok, America, are you flushing too many times?  Your president seems to think you are and that has provoked him to propose deregulation of toilets. 

There is some logic. New toilets must provide for low-water eco-flushes.  So, goes the thought, you’ll have to flush more, thus using one of those old fashioned jobs that can suck the air out of the bathroom and use mega-gallons of water in the process.

Is big water toilet-ness an issue?  Maybe in parts of the south, desert and mountain west. (It’s a dry heat) or in places like North Jersey and Michigan (that water can be used to kill household pests and damage the brains of young children.)

But for much of the country, water is not a big deal -- not nearly as big as in places like sub-Saharan Africa.

The key idea here has nothing to do with water. It has to do with regulation.  Let us point out what a mess deregulation has made of air travel, broadcasting, home mortgages, banking and telecommunications.

Deregulation destroys in the name of creating competition.  It endangers public safety and wellbeing.  It puts your life in the hands of corporate giants and petty locals who don’t care about current generations, let alone that of the future -- if there is one.

Deregulation clouds the air, poisons the water (no matter how often you flush or don’t.)  It puts workers in danger. It provokes greed. It makes education falter and puts students into a lifetime of debt.

Why, you may ask, are politicians so eager these days to deregulate everything except abortion, birth control and international travel, among other bodily functions?  Well, some of it’s the money, the catnip of politicians good and bad.  And power, the crack cocaine.

And there’s a page of the flower power era that answers that: deregulation is Power to the People, with some unnecessary middlemen along the way.

The 1960s liberals eventually brought sanity to abortion and birth control laws, and to the freewheeling capital pirates and hatemongers.  But the slogan is more powerful than what it represents.  Power to the people. The people spoke in the 60s. They are speaking now.

It’s not the same people and the same ideas. But it’s still power to the people.

In the 1960s, the “establishment” thought “we” were wrong. They’ve come around.  And now, they’re the outliers. Again. 

M&A Watch:
--The hillbilly bank of BB&T and the other hillbilly bank, Suntrust, have completed their so-called merger of equals.  This space has predicted failure since the deal was announced.  Now, as further evidence comes the combined bank’s new name, “Truist,” completely moronic despite its near-gargantuan size but judging by the completely moronic name, a failure waiting to happen.

--Let’s look at some other “mergers of equals.” Best example: Daimler Chrysler which ended in disaster for both companies.  Then there’s Chemical-Chase. The smaller partner, Chase, won that one because it had a better known name but survives because the seriously overpaid CEO Jaimie Dimon is a genius with an edge and no one remembers Chemical which actually was a good and temperate junior partner had the assets to make it work.

I’m Wes Richards. My opinions are my own but you’re welcome to them. ®
Comments? Here’s where to send them: wesrichards@gmail.com
© WJR 2019

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