Between the Lines

Larry Dignan, Andrew Nusca and Rachel King

Magna Charta: Welcome Back, Ross Perot

By | August 26, 2008, 8:00am PDT

So, EDS is gone (again), subsumed by HP. But, lo and behold, H. Ross Perot is back, just in time for the presidential elections. Now, you can view his slides about the dangers of the federal deficit and debt online, any time you want. Or, hear him posit that the only silver lining in the state of the nation’s education is …. “there’s no place to go but up.’’

If you want to hear the facts from everyone’s favorite Dallas billionaire and erstwhile presidential candidate on energy, education, health care and other major public issues, all you have to do now is go to PerotCharts.


A typical exigesis is his set of “challenge charts” on “U.S. Primary Energy Consumption By Source and Sector 2007” and there is also of course is classic case against U.S. government spending that he used to put on handheld slides back in 1992, when he ran for the White House. The federal deficit that was $4 trillion when he made it an issue in his race for the presidency is now $9.4 trillion.

You can hear him on the site rail against the $1 billion a day of debt that is building up, when you go to his “instrument panel” for citizen knowledge and action on the “serious economic issues” facing either incoming president, Barack Obama or John McCain, and the country. They are not named, but the purpose of the site is clear: Perot wants to influence public thinking as the Nov. 4 election approaches. He hopes people are still listening.

“ It’s one thing to promise me free candy forever, but where are you going to get it?,’’ he told radio talk show hostess, Rita Cosby, on WOR in New York.

Unlike at least one of the aforementioned candidates, his natural reaction is to use computer services, now available on the Web, to get his points across.

Perot, of course, is as responsible as any single person in this country for developing the idea that software or hardware could be supplied as a service to corporations. He left IBM in 1962 and founded Electronic Data Systems Corp., which as recently as 1993 thought it could overtake IBM as the world’s largest supplier of communications, computing and related consulting services to businesses around the world.

He sold EDS to General Motors for $2.6 billion in 1984, which would be the equivalent of about $5.5 billion today. So his successors did build value.

Perot, of course, went off and ended up competing with both IBM and EDS, with a new company, Perot Systems. Then, the man turned patriotic national hero partly due to his daring rescue of two EDS employees from an Iranian prison, ran for president as a third-party candidate. He roiled the election, taking 18.8% of the popular vote, although not a single electoral vote.

That time around, he actually led the race, which included incumbent George H.W. Bush and upstart Bill Clinton, in June. But he pulled out in July and irrevocably damaged his credibility by claiming Republican antagonists tried to disrupt his daughter’s wedding. He never proved the claim, publicly.

Now we’ll see whether his resumption of his chart-led detailing of the various economic and education crises facing this country have any effect on this presidential election. The problem, he says, is we don’t use “the engineering process” to solve complex problems in the economy or society. Not surprisingly, he says destroying the middle class is destroying the country – and thinks fellow Texas billionaire T. Boone Pickens’ wind-based energy policy deserves “serious consideration.” He lambasts Obama’s thinking on off-shore drilling.

So far, he hasn’t been seen squaring off with Brian Williams, Katie Couric, Charles Gibson, Anderson Cooper, Keith Olbermann, Greta van Susteren or Shepard Smith on any of the major news networks.

As he himself says, his daily life is never dull, but often strange. You can visit Perot and even send him a message if you want — if you can answer the single security question on the site. Remember, this is the man who had the plaque behind his desk: “Eagles don’t flock, you have to find them one at a time.’’


You can also listen to his interview with guest radio show hostess Rita Cosby on August 8 here.

Or go back and see how he used to present his ideas, in 1992:

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Topics

Tom Steinert-Threlkeld is editor-in-chief of Securities Industry News, as well as a long-time media, technology and business journalist.

Disclosure

Tom Steinert-Threlkeld

Tom Steinert-Threlkeld has interests in two Web startups, which he cannot disclose until formally launched. They do not involve enterprise computing. He holds interests in technology companies only through mutual funds in which he has no say in their selection of investments. He has worked for Reed Elsevier PLC, Ziff Davis Media and the A.H. Belo Corporation.

Biography

Tom Steinert-Threlkeld

Tom Steinert-Threlkeld is editor-in-chief of Securities Industry News, as well as a long-time media, technology and business journalist.

He experimented with online news delivery a quarter century ago, with a text-only online service called StarText at the Fort Worth Star-Telegram in Texas.
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RE: Magna Charta: Welcome Back, Ross Perot
tomlin21-24319035676893835085146735905770 11th Oct
It'll be an magnificent satisfaction to inform you that I like your do the task. You might be executing an excellent work. nflshop Retain the spirit considerable.
the comptroller general?

A movie released last goes over the same type of stuff. We have a massive defecit, one that will eat our country whole if its not dealt with. Clinton started to deal with it but our current president has no clue about economics and has since reversed and doubled the defecit.

Look for I.O.U.S.A the movie via a search engine... or iousathemovie.com for details.

Perot has a point and so do they. This is not a scare tactic, more of a we need to address this now or we will have problems soon.
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It's like making sausage
D T Schmitz 26th Aug 2008
You know, we are really paying today for ignoring the good good message that Ross Perot, a true American Patriot, delivered.

It's really REALLY serious now and NAFTA, CAFTA should be recinded.

Time to bring jobs back to America and leave the Free Trade 'double-standard' behind.

We are seeing eight years of neglect and if radical change doesn't happen soon, we may not recover.

Time to 'get under the hood' and check the oil Folks!
Back to plain old simple common sense basics.

I say Protectionism is the way to go!

God Bless Ross Perot!
problem.

Good points to cover though. Gotta love Mr. Perot.

I wonder how many billionaires have their fortunes in every staple currency and goods around?
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People laugh at Perot for using charts, but does anyone stop to think about the real motive behind this laughter? Do the scoffers really believe that shedding light on the issues is funny?

We have all heard "a picture is worth a thousand words", and some of us remember Feynmann's brilliant advice for understanding difficult problems "draw a clear, correct picture first". But when Perot does this, people rush to accuse him of "over-simplifying".

I fear the real reason for this unjustifiable criticism is that people are afraid their pork-barrel politics will be exposed by Perot's charts. But that is exactly what we should really want: expose the porkers and return some modicum of responsibility to public finance.
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People are stupid. Two things in this world you can't compete with ... stupid and crazy. Ross Perot is neither. I sure wish he was President.
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RE: Magna Charta: Welcome Back, Ross Perot
tomlin21-24319035676893835085146735905770 11th Oct
It'll be an magnificent satisfaction to inform you that I like your do the task. You might be executing an excellent work. nflshop Retain the spirit considerable.

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