Wednesday, March 11, 2009

Buddha; Teachings & Meditation

I am not a Buddhist but I found this very interesting and worthy of consideration and, to the extent possible, incorporation. I am posting for my reference. Zelda

The Life of Buddha
http://www.thebigview.com/buddhism/buddhasresume.html

Siddhartha Gautamaca. 563 - ca. 483 BC
Siddhartha Gautama lived in the present-day border area between India and Nepal in the 6th century before Christ; his exact birth date is unknown. Because the life of the historical Buddha is inseparable from legend, the following text is not meant to be a historically exact biography, but a short life story based on what has been passed down by generations.
563 BC - Birth
Siddhartha Gautama is born in Lumbini, near the Nepalese-Indian border to his father, King Suddhodana, ruler of the Sakya tribe, and his mother, Queen Mayadevi. The father gives his son the name of Siddhartha (=the one who obtains success and prosperity), his second name is Gautama (=name of the clan).
Seers predict that Siddhartha will either become a Universal Monarch or a Buddha. Asita, the wisest of the seers, is sure that he will become a Buddha (=one who has supreme knowledge). His mother dies seven days after the birth.
563-547 BC
Siddhartha spends his childhood in the palace of his father at Kapilavastu, Southern Nepal, where he is raised by his aunt Mahaprajapati until the age of seven. In his early childhood, during a ploughing ceremony, Siddhartha makes his first unprecedented spiritual experience, where in the course of meditation he develops the first jhana (=meditative absorption) through concentration.
As a young boy he learns the skills of a warrior, including the technical and athletic skills of man-to-man fight. Siddhartha is trained in spiritual disciplines and becomes proficient in the art of archery.
547 BC
At the early age of sixteen, he marries his beautiful cousin Princess Yasodhara, who is of equal age.
547-533 BC
The young prince spends thirteen more years together with his wife in the royal court of his father. Three palaces are built for him, one for the cold season, one for the hot season, and one for the rainy season. Siddhartha enjoys the lavish court life while his father is trying to screen him from all troubles and worries. A son is born while Siddhartha is in his late twenties.
533 BC - The Four Sights
Despite of the amenities of life, Siddhartha is not satisfied with the mere enjoyment of fleeting pleasures due to his inquiring and contemplative nature. One day, he leaves the palace for an excursion and there he encounters what so far has been purposely veiled from him:
He sees a decrepit old man, a diseased person, a corpse being cremated, and a sadhu (=holy man, hermit). Siddhartha realises that there is old age, sickness, and death, and that people ultimately have little control over their lives. The fourth sight provides the inspiration that leads to a dramatic change in his life.
533 BC - The Renunciation
In the night of his 29th birthday, Siddhartha gives up his life as a prince and secretly leaves the court while everyone is asleep. He travels far and crosses the river Anoma, where he shaves his hair and hands over his princely garments to his groom Channa, with instructions to return them to the palace.
533-528 BC
The Bodhisattva (=future Buddha), who once lived in luxury, becomes a penniless and homeless wanderer. He leads a life of self-mortification and spiritual study, becomes first a disciple of several then famous Brahman teachers, and later attracts his own disciples.
After a long and exhausting period of searching and self-mortification, he finally becomes disillusioned with the Indian caste system, Hindu asceticism, and the religious doctrines of his time. He gives up the ascetic life and loses all of his disciples as a result. Nevertheless, he continues his search for truth through the practice of meditation.
April/May 528 BC - Enlightenment
While meditating under a Bodhi tree in Bodh-Gaya, south of Gaya in the state of Bihar, India, the Bodhisattva experiences the Great Enlightenment, which reveals to him the way of salvation from suffering. He spends seven weeks meditating in the vicinity of the site of the Bodhi tree and attains the status of a fully realised Buddha at the age of 35.
June/July 528 BC - First Sermon
Buddha finds his former five disciples in Benares. In his first sermon he teaches them what will become the gist of Buddhism. Upon hearing it, one of the disciples instantly attains the status of an arhat (=one with enlightened wisdom). This event marks the beginning of the Buddhist teaching and his disciples become the first five members of the sangha (=Buddhist order).
528-527 BC
During a short period of time, Buddha establishes a great reputation in western Hindustan by converting thousands of people to the dhamma (=the Buddhist teaching). People hear the dhamma delivered either by himself, or by the monks of his order. During this time he delivers the fire sermon.
March 527 BC
The Buddha briefly returns to the palace of his father to convert the royal family and ordains many of the Sakya tribe.
523 BC
Four years later Siddhartha's father, King Suddhodana, dies. Buddha returns to the palace and Mahaprajapati, where Buddha's aunt -upon meeting Buddha- becomes the first woman to ordain, despite of the protest of some contemporaries. From this moment on women were admitted to the sangha. According to Indian tradition, however, they were separated and under the authority of male monks.
523-483 BC
In the 45 years following his enlightenment, Buddha travels around Northern India to teach the tenets of Buddhism. He is extremely successful and attracts first thousands, then ten thousands, and later hundred thousands of people from all walks of life, who voluntarily decide to follow his teachings, the dhamma. During the monsoon, when travelling becomes difficult due to the weather, Buddha and his close followers interrupt their journey. During these month, monks, as well as laypeople, receive the teachings at a site selected for retreat. One such site is Sravasti in Nepal, which has become very famous since then.
Buddha's success does not only attract admirers, but also provokes envy and ill will. Several attempts are made on his life, but all of them fail. Although he is being criticised and defamed, this does not affect the popularity of his teaching.
483 BC - Buddha passes into Nirvana
Having achieved the goal of spreading the teaching to the greatest number of people, Buddha dies at the age of eighty years, as a result of food poisoning. He dies in a forest near Kusinagara, Nepal, in the company of his followers reclining on a bed where he speaks his last words: "All compounded things are ephemeral; work diligently on your salvation." With these words on his lips, he passes into the state of Nirvana.


The Four Noble Truths
1. Life means suffering.
2. The origin of suffering is attachment.
3. The cessation of suffering is attainable.
4. The path to the cessation of suffering.
1. Life means suffering.
To live means to suffer, because the human nature is not perfect and neither is the world we live in. During our lifetime, we inevitably have to endure physical suffering such as pain, sickness, injury, tiredness, old age, and eventually death; and we have to endure psychological suffering like sadness, fear, frustration, disappointment, and depression. Although there are different degrees of suffering and there are also positive experiences in life that we perceive as the opposite of suffering, such as ease, comfort and happiness, life in its totality is imperfect and incomplete, because our world is subject to impermanence. This means we are never able to keep permanently what we strive for, and just as happy moments pass by, we ourselves and our loved ones will pass away one day, too.

2. The origin of suffering is attachment.
The origin of suffering is attachment to transient things and the ignorance thereof. Transient things do not only include the physical objects that surround us, but also ideas, and -in a greater sense- all objects of our perception. Ignorance is the lack of understanding of how our mind is attached to impermanent things. The reasons for suffering are desire, passion, ardour, pursuit of wealth and prestige, striving for fame and popularity, or in short: craving and clinging. Because the objects of our attachment are transient, their loss is inevitable, thus suffering will necessarily follow. Objects of attachment also include the idea of a "self" which is a delusion, because there is no abiding self. What we call "self" is just an imagined entity, and we are merely a part of the ceaseless becoming of the universe.

3. The cessation of suffering is attainable.
The cessation of suffering can be attained through nirodha. Nirodha means the unmaking of sensual craving and conceptual attachment. The third noble truth expresses the idea that suffering can be ended by attaining dispassion. Nirodha extinguishes all forms of clinging and attachment. This means that suffering can be overcome through human activity, simply by removing the cause of suffering. Attaining and perfecting dispassion is a process of many levels that ultimately results in the state of Nirvana. Nirvana means freedom from all worries, troubles, complexes, fabrications and ideas. Nirvana is not comprehensible for those who have not attained it.

4. The path to the cessation of suffering.
There is a path to the end of suffering - a gradual path of self-improvement, which is described more detailed in the Eightfold Path. It is the middle way between the two extremes of excessive self-indulgence (hedonism) and excessive self-mortification (asceticism); and it leads to the end of the cycle of rebirth. The latter quality discerns it from other paths which are merely "wandering on the wheel of becoming", because these do not have a final object. The path to the end of suffering can extend over many lifetimes, throughout which every individual rebirth is subject to karmic conditioning. Craving, ignorance, delusions, and its effects will disappear gradually, as progress is made on the path.


The Noble Eightfold Path
1. Right View
Wisdom
2. Right Intention
3. Right Speech
Ethical Conduct
4. Right Action
5. Right Livelihood
6. Right Effort
Mental Development
7. Right Mindfulness
8. Right Concentration
The Noble Eightfold Path describes the way to the end of suffering, as it was laid out by Siddhartha Gautama. It is a practical guideline to ethical and mental development with the goal of freeing the individual from attachments and delusions; and it finally leads to understanding the truth about all things. Together with the Four Noble Truths it constitutes the gist of Buddhism. Great emphasis is put on the practical aspect, because it is only through practice that one can attain a higher level of existence and finally reach Nirvana. The eight aspects of the path are not to be understood as a sequence of single steps, instead they are highly interdependent principles that have to be seen in relationship with each other.

1. Right View
Right view is the beginning and the end of the path, it simply means to see and to understand things as they really are and to realise the Four Noble Truth. As such, right view is the cognitive aspect of wisdom. It means to see things through, to grasp the impermanent and imperfect nature of worldly objects and ideas, and to understand the law of karma and karmic conditioning. Right view is not necessarily an intellectual capacity, just as wisdom is not just a matter of intelligence. Instead, right view is attained, sustained, and enhanced through all capacities of mind. It begins with the intuitive insight that all beings are subject to suffering and it ends with complete understanding of the true nature of all things. Since our view of the world forms our thoughts and our actions, right view yields right thoughts and right actions.

2. Right Intention
While right view refers to the cognitive aspect of wisdom, right intention refers to the volitional aspect, i.e. the kind of mental energy that controls our actions. Right intention can be described best as commitment to ethical and mental self-improvement. Buddha distinguishes three types of right intentions: 1. the intention of renunciation, which means resistance to the pull of desire, 2. the intention of good will, meaning resistance to feelings of anger and aversion, and 3. the intention of harmlessness, meaning not to think or act cruelly, violently, or aggressively, and to develop compassion.

3. Right Speech
Right speech is the first principle of ethical conduct in the eightfold path. Ethical conduct is viewed as a guideline to moral discipline, which supports the other principles of the path. This aspect is not self-sufficient, however, essential, because mental purification can only be achieved through the cultivation of ethical conduct. The importance of speech in the context of Buddhist ethics is obvious: words can break or save lives, make enemies or friends, start war or create peace. Buddha explained right speech as follows: 1. to abstain from false speech, especially not to tell deliberate lies and not to speak deceitfully, 2. to abstain from slanderous speech and not to use words maliciously against others, 3. to abstain from harsh words that offend or hurt others, and 4. to abstain from idle chatter that lacks purpose or depth. Positively phrased, this means to tell the truth, to speak friendly, warm, and gently and to talk only when necessary.

4. Right Action
The second ethical principle, right action, involves the body as natural means of expression, as it refers to deeds that involve bodily actions. Unwholesome actions lead to unsound states of mind, while wholesome actions lead to sound states of mind. Again, the principle is explained in terms of abstinence: right action means 1. to abstain from harming sentient beings, especially to abstain from taking life (including suicide) and doing harm intentionally or delinquently, 2. to abstain from taking what is not given, which includes stealing, robbery, fraud, deceitfulness, and dishonesty, and 3. to abstain from sexual misconduct. Positively formulated, right action means to act kindly and compassionately, to be honest, to respect the belongings of others, and to keep sexual relationships harmless to others. Further details regarding the concrete meaning of right action can be found in the Precepts.

5. Right Livelihood
Right livelihood means that one should earn one's living in a righteous way and that wealth should be gained legally and peacefully. The Buddha mentions four specific activities that harm other beings and that one should avoid for this reason: 1. dealing in weapons, 2. dealing in living beings (including raising animals for slaughter as well as slave trade and prostitution), 3. working in meat production and butchery, and 4. selling intoxicants and poisons, such as alcohol and drugs. Furthermore any other occupation that would violate the principles of right speech and right action should be avoided.

6. Right Effort
Right effort can be seen as a prerequisite for the other principles of the path. Without effort, which is in itself an act of will, nothing can be achieved, whereas misguided effort distracts the mind from its task, and confusion will be the consequence. Mental energy is the force behind right effort; it can occur in either wholesome or unwholesome states. The same type of energy that fuels desire, envy, aggression, and violence can on the other side fuel self-discipline, honesty, benevolence, and kindness. Right effort is detailed in four types of endeavours that rank in ascending order of perfection: 1. to prevent the arising of unarisen unwholesome states, 2. to abandon unwholesome states that have already arisen, 3. to arouse wholesome states that have not yet arisen, and 4. to maintain and perfect wholesome states already arisen.

7. Right Mindfulness
Right mindfulness is the controlled and perfected faculty of cognition. It is the mental ability to see things as they are, with clear consciousness. Usually, the cognitive process begins with an impression induced by perception, or by a thought, but then it does not stay with the mere impression. Instead, we almost always conceptualise sense impressions and thoughts immediately. We interpret them and set them in relation to other thoughts and experiences, which naturally go beyond the facticity of the original impression. The mind then posits concepts, joins concepts into constructs, and weaves those constructs into complex interpretative schemes. All this happens only half consciously, and as a result we often see things obscured. Right mindfulness is anchored in clear perception and it penetrates impressions without getting carried away. Right mindfulness enables us to be aware of the process of conceptualisation in a way that we actively observe and control the way our thoughts go. Buddha accounted for this as the four foundations of mindfulness: 1. contemplation of the body, 2. contemplation of feeling (repulsive, attractive, or neutral), 3. contemplation of the state of mind, and 4. contemplation of the phenomena.

8. Right Concentration
The eighth principle of the path, right concentration, refers to the development of a mental force that occurs in natural consciousness, although at a relatively low level of intensity, namely concentration. Concentration in this context is described as one-pointedness of mind, meaning a state where all mental faculties are unified and directed onto one particular object. Right concentration for the purpose of the eightfold path means wholesome concentration, i.e. concentration on wholesome thoughts and actions. The Buddhist method of choice to develop right concentration is through the practice of meditation. The meditating mind focuses on a selected object. It first directs itself onto it, then sustains concentration, and finally intensifies concentration step by step. Through this practice it becomes natural to apply elevated levels concentration also in everyday situations.

The Precepts
The precepts are a condensed form of Buddhist ethical practice. They are often compared with the ten commandments, however, the precepts are different in two respects: First, they are to be taken as recommendations, not commandments. This means the individual is encouraged to use his/her own intelligence to apply these rules in the best possible way. Second, it is the spirit of the precepts -not the text- that counts, hence, the guidelines for ethical conduct must be seen in the larger context of the Eightfold Path.
The first five precepts are mandatory for every Buddhist, although the fifth precept is often not observed, because it bans the consumption of alcohol. Precepts no. six to ten are laid out for those in preparation for monastic life and for devoted lay people unattached to families. The eight precepts put together number eight and nine and omit the tenth. Lay people may observe the eight precepts on Buddhist festival days. Ordained Theravada monks undertake no less than 227 precepts, which are not listed here.
I undertake to observe the precept to abstain from ...
1. ...harming living beings.
2. ...taking things not freely given.
3. ...sexual misconduct.
4. ...false speech.
5. ...intoxicating drinks and drugs causing heedlessness.
6. ...taking untimely meals.
7. ...dancing, singing, music and watching grotesque mime.
8. ...use of garlands, perfumes and personal adornment.
9. ...use of high seats.
10. ...accepting gold or silver.
(adapted from The Word of the Buddha, Niyamatolika, The Buddhist Publication Society, 1971, p xii)
The above phrasing of the precepts is very concise and leaves much open to interpretation. One might ask, for example, what exactly constitutes false speech, what are untimely meals, what constitutes sexual misconduct, or whether a glass of wine causes heedlessness. And, the grotesque mime watching of the seventh precept sounds perhaps a bit outdated. The Buddhist master Thich Nath Hanh has formulated The Five Mindfulness Trainings, which are an adaptation of the first five Buddhist precepts. These are practised by Buddhists of the Lam Te Dhyana school. By virtue of their sensible phrasing and their relevance to modern lifestyle, these "trainings" provide a valuable foundation of ethics for all of humanity.

The Five Mindfulness Trainings(according to Thich Nath Hanh, www.plumvillage.org)

-First Training-
Aware of the suffering caused by the destruction of life, I am committed to cultivating compassion and learning ways to protect the lives of people, animals, plants, and minerals. I am determined not to kill, not to let others kill, and not to condone any act of killing in the world, in my thinking, and in my way of life.

-Second Training-
Aware of the suffering caused by exploitation, social injustice, stealing, and oppression, I am committed to cultivate loving kindness and learn ways to work for the well-being of people, animals, plants, and minerals. I am committed to practice generosity by sharing my time, energy, and material resources with those who are in real need. I am determined not to steal and not to possess anything that should belong to others. I will respect the property of others, but I will prevent others from profiting from human suffering or the suffering of other species on Earth.

-Third Training-
Aware of the suffering caused by sexual misconduct, I am committed to cultivate responsibility and learn ways to protect the safety and integrity of individuals, couples, families, and society. I am determined not to engage in sexual relations without love and a long-term commitment. To preserve the happiness of myself and others, I am determined to respect my commitments and the commitments of others. I will do everything in my power to protect children from sexual abuse and to prevent couples and families from being broken by sexual misconduct.

-Fourth Training-
Aware of the suffering caused by unmindful speech and the inability to listen to others, I am committed to cultivate loving speech and deep listening in order to bring joy and happiness to others and relieve others of their suffering. Knowing that words can create happiness or suffering, I am committed to learn to speak truthfully, with words that inspire self-confidence, joy, and hope. I am determined not to spread news that I do not know to be certain and not to criticise or condemn things of which I am not sure. I will refrain from uttering words that can cause division or discord, or that can cause the family or the community to break. I will make all efforts to reconcile and resolve all conflicts, however small.

-Fifth Training-
Aware of the suffering caused by unmindful consumption, I am committed to cultivate good health, both physical and mental, for myself, my family, and my society by practising mindful eating, drinking, and consuming. I am committed to ingest only items that preserve peace, well-being, and joy in my body, in my consciousness, and in the collective body and consciousness of my family and society. I am determined not to use alcohol or any other intoxicant or to ingest foods or other items that contain toxins, such as certain TV programs, magazines, books, films, and conversations. I am aware that to damage my body or my consciousness with these poisons is to betray my ancestors, my parents, my society, and future generations. I will work to transform violence, fear, anger, and confusion in myself and in society by practising a diet for myself and for society. I understand that a proper diet is crucial for self-transformation and for the transformation of society.

Vipassana Meditation
http://www.dhamma.org/en/vipassana.shtml

The Technique
Vipassana, which means to see things as they really are, is one of India's most ancient techniques of meditation. It was rediscovered by Gotama Buddha more than 2500 years ago and was taught by him as a universal remedy for universal ills, i.e., an Art Of Living.
This non-sectarian technique aims for the total eradication of mental impurities and the resultant highest happiness of full liberation. Healing, not merely the curing of diseases, but the essential healing of human suffering, is its purpose.
Vipassana is a way of self-transformation through self-observation. It focuses on the deep interconnection between mind and body, which can be experienced directly by disciplined attention to the physical sensations that form the life of the body, and that continuously interconnect and condition the life of the mind. It is this observation-based, self-exploratory journey to the common root of mind and body that dissolves mental impurity, resulting in a balanced mind full of love and compassion.
The scientific laws that operate one's thoughts, feelings, judgements and sensations become clear. Through direct experience, the nature of how one grows or regresses, how one produces suffering or frees oneself from suffering is understood. Life becomes characterized by increased awareness, non-delusion, self-control and peace.

The Tradition
Since the time of Buddha, Vipassana has been handed down, to the present day, by an unbroken chain of teachers. Although Indian by descent, the current teacher in this chain, Mr. S.N. Goenka, was born and raised in Burma (Myanmar). While living there he had the good fortune to learn Vipassana from his teacher, Sayagyi U Ba Khin who was at the time a high Government official. After receiving training from his teacher for fourteen years, Mr. Goenka settled in India and began teaching Vipassana in 1969. Since then he has taught tens of thousands of people of all races and all religions in both the East and West. In 1982 he began to appoint assistant teachers to help him meet the growing demand for Vipassana courses.

The Courses
The technique is taught at ten-day residential courses during which participants follow a prescribed Code of Discipline, learn the basics of the method, and practice sufficiently to experience its beneficial results.
The course requires hard, serious work. There are three steps to the training. The first step is, for the period of the course, to abstain from killing, stealing, sexual activity, speaking falsely, and intoxicants. This simple code of moral conduct serves to calm the mind, which otherwise would be too agitated to perform the task of self-observation.
The next step is to develop some mastery over the mind by learning to fix one's attention on the natural reality of the ever changing flow of breath as it enters and leaves the nostrils.
By the fourth day the mind is calmer and more focused, better able to undertake the practice of Vipassana itself: observing sensations throughout the body, understanding their nature, and developing equanimity by learning not to react to them.
Finally, on the last full day participants learn the meditation of loving kindness or goodwill towards all, in which the purity developed during the course is shared with all beings.
A short video (5.7 MB) about the observation of breath and bodily sensations in this technique can be viewed with the free QuickTime movie player.
The entire practice is actually a mental training. Just as we use physical exercises to improve our bodily health, Vipassana can be used to develop a healthy mind.
Because it has been found to be genuinely helpful, great emphasis is put on preserving the technique in its original, authentic form. It is not taught commercially, but instead is offered freely. No person involved in its teaching receives any material remuneration.
There are no charges for the courses - not even to cover the cost of food and accommodation. All expenses are met by donations from people who, having completed a course and experienced the benefits of Vipassana, wish to give others the opportunity to benefit from it also.
Of course, the results come gradually through continued practice. It is unrealistic to expect all problems to be solved in ten days. Within that time, however, the essentials of Vipassana can be learned so that it can be applied in daily life. The more the technique is practiced, the greater the freedom from misery, and the closer the approach to the ultimate goal of full liberation. Even ten days can provide results which are vivid and obviously beneficial in everyday life.
All sincere people are welcome to join a Vipassana course to see for themselves how the technique works and to measure the benefits. All those who try it will find Vipassana to be an invaluable tool with which to achieve and share real happiness with others.
You may apply for a Vipassana meditation course by completing and submitting an application for a scheduled course.

Thursday, March 5, 2009

Global Economic Crisis 2008-?

A friend wrote his recipe for a solution to the latest financial crisis and I responded with most of the following:

It was a noble but foolish goal to expect that all Americans have a RIGHT to own a home, regardless! It was a Democratic goal (Barney Frank, Chuck Schumer and Bill Clinton), supported by the Republicans because it looked bad to be against that AND it was a recipe for profits!?!?! Well, that opened the flood-gates of money flow since the government was backing and guaranteeing these mortgage money programs via Fannie Mae and Freddie Mac. And yes, it is our fault for borrowing what we can't repay but who ever thought EVERYONE was responsible in the first place?! Responsible people do responsible things like go to school, get and keep a job or find another one, repay money owed, and don't spend more than they make. This created huge demand for housing which of course inflated prices. It also fueled purchases and folks were refinancing to cash out and spend on goods and services. All that spending and all that cash fueled the stock market also! Which in turn created more cash to spend (except for the foolish irresponsible dreamers that would buy stocks on margin and now owe big time AND/OR those buying goods instead of paying down their debts - borrowing to play!).

Well, what we see now is that it's all dried up! The house of cards came crashing down as it always does in cycles of every nature. What's wild is I remember in business school studying long term economic cycles and reading that 2007 was expected to be a doom period for 3-5 years. (I wish I had heeded that in hindsight but I'm a optimist despite what my husband thinks).

This contraction/recession is necessary and I believe good comes out of all downturns. It is a time to reflect and reassess, to retool and reevaluate, to reprioritize and reeducate...to get people in the right jobs and clean out the excess, and a time to appreciate how good we recently had it! This is necessary to reemerge stronger, better prepared for future growth, happier and more grateful. This is why downturns and death, however painful, are important! Yes death...Death of companies and individuals to make room for the eager, open-minded, better-adapted, more dynamic. We have to allow the cards to fall as they may, to rescuscitate is to prolong the inevitable which is expensive, foolish and counter to the way life works. We can, however, help folks and companies invest in reeducation and retooling, I'm all for that!

As for a proposed stimulus rebate for those below a specified income group (say $200,000)...it's obviously not fair. What if you make $210,000? (That $10,000 over the $200,000 threshold just cost you tons more than it was worth)? I wouldn't put large sums of "other people's money" in the hands of a disproportionate amount of people who defaulted on their loans to get us into this mess in the first place.

The government's role is to keep the markets working...to keep lending to those viable businesses and households who can repay. That's not rocket science. They just have to quit guaranteeing loans that entices banks to lend to anyone because it's the noble or profitable thing to do (not long-term it's not!). It's not even a gamble for the banks with the tax-payers backing them up!

We have little time and too many people in government to efficiently study and agree on how to fix this mess. The banks are probably best suited to assess the long term viability of current and future loans to businesses and individuals, as they know their balance sheets more intimately than anyone. It is the government who can then inturn best assess the current and long term viablility of banks and lend to them! That, and money for reeducation and retooling sounds like the best use of our tax money (and those of our children and grandchilren since we have already spent our own)!

More than ever, this economic crisis is a world problem(which of course makes the radical Muslim fundamentalists very happy!). The emerging markets need the US consumer to grow, and US companies to employ them. They are feeling this and making plans to diversify away from the USA to the best extent possible. China and India are not even close to ready to pick up the pieces...and Europe is as paralyzed as the USA right now.

That's my two cents!

Zelda