马英九在台湾水门案输的好惨 – Wiretapping Taiwanese Style October 6, 2013Posted by hslu in Economics, Politics, Taipei, Taiwan.
Tags: China, 王金平, 立法院, 立法院院长, 马英九, Jimmy Carter of Taiwan, Nixon, Watergate, Watergate Taiwanese Style, White House, wiretapping, 台湾, 台湾水门事件, 台湾九月政变, 国民党, 民进党, 习近平
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马英九 probably will not be forced to resign as Taiwan‘s president due to his involvement in Taiwanese Watergate because Taiwan’s presidency is well protected under the constitution and impeachment is a very high huddle to cross. He and his party, 国民党, however will pay a hefty political price because of many personal mistakes made by 马英九.
马英九, basically threw his entire law training from Harvard Law School out of the window and let his personal animosity against 王金平 clouded his judgement from the very beginning.
马英九 has done irrevocable damages to his party. He should resign as the chairman of 国民党. 国民党 will lose more seats at 立法院 next year. It probably will lose in the mayoral and county official elections too.
In a nutshell, this is why 马英九 failed so miserably：
- First of all, the root cause of 马英九’s debacle is his determination to remove 王金平 as 立法院院长；the chairman of Taiwan’s legislature body; 立法院. 王金平, being a member of 马英九’s party, may have showed more affiliation to the causes of the opposition party than those of his own party. In short, as far as 马英九 is concern, 王金平 is in the way. He must go. The question is how to remove him.
- 马英九, as the chairman of 国民党, did the following; many of them unwise and not very well thought of. It showed his total incompetency and lack of judgement. The worst nightmare for 马英九 was that the whole drama got played out on national TV like a soap opera for every citizen and foreigners to watch. 马英九 and all his subordinates’ incompetence had no place to hide:
- Used illegally obtained information (via wiretapping on an unrelated matter, hence the Watergate connection) and instructed the head of Taiwan’s secret service agency to announce 王金平’s unethical activities with a leader of the opposition party while 王金平 was out of the country to marry his second daughter;
- Deprived 王金平 due process to proof his innocence and declared openly that 王金平 was guilty as charged;
- On the day of 王金平 daughter’s wedding, 马英九 publicly demanded 王金平’s return to answer the charges;
- Publicly humiliate 王金平 and called him unfit to be the chairman of 立法院 and remove his party membership.
- The president office publicly suggested that the vice chairman of 立法院 is more fit to takeover王金平’s position because she is well qualified and, more importantly, loyal to 国民党.
As 王金平 fought to regain his reputation and to keep his 立法院院长 position with overwhelming support from members of the opposition party, 马英九‘s lack of judgement and his subordinates’ incompetency were revealed one piece at a time like peeling an onion; layer by layer and none of them was good for 马英九 though.
- The information gathered from wiretapping on 王金平 may not stand in court. The wiretapping was granted by the court for something and someone else.
- By most accounts, the head of the secret service agency shouldn’t give the information gathered from wiretapping to 马英九 because the case wasn’t revealed to the public and the persons involved.
- The punishment to 王金平, if he is unethical as charged, should be taken of by 立法院 according to its regulations. 马英九, being Taiwan’s President, has no authority over this matter. He over-stepped his bound.
- 马英九, as the chairman of 国民党, ran with this information and removed 王金平’s party membership and as 立法院院长. In essence, 马英九 used his unique position (President and party chairman) to interfere with the internal matter of a department of the government.
- The lower court and the higher court ruled in favor of 王金平 and allowed him to stay as 立法院院长.
In the end, 马英九 and members of his inner circle have to be deposed for their roles in the wiretapping matter. They probably will answer to 立法院’s inquire in the coming days and months too. The legality of 马英九 and others’ knowledge of information from wiretapping before it was revealed publicly will be determined soon. The result of this investigation may be unfavorable to 马英九 too.
马英九 was going to appeal high court’s unfavorable decision to the highest court in the land but decided to give it up. 王金平 will for sure keeps his chairman position and party membership. As such, 王金平 will be an even bigger eyesore to 马英九 going forward. The worst part of all these is that 马英九 still has to rely on 王金平 to move his agenda in 立法院. However, the damage has been done. We call this: 泼出的水已经是收不回来了。
Many people involved in wiretapping and its illegal revelation before its time, including judges and the head of the secret service agency, will probably lose their jobs and possibly their retirement benefits too. Most if not all are members of 国民党.
The opposition party,民进党, will for sure call on 马英九 and the head of the executive department to resign. An impeachment movement may be in the work too. It probably will not go very far but it is an embarrassment to 马英九 and a constant reminder to Taiwan’s citizens of 马英九’s incompetency. For sure, the opposition party will get as much benefit from 马英九’s missteps. They will drag this drama out.
马英九’s legacy will forever be tarnished by his bumbler description and his lack of judgement on this matter.
The damage to 国民党 has been done. I can not image just how low the morals of members of 国民党 could be at this time. The impact to 国民党 on next year’s general election could be severe. The chance of 国民党’s 2016 presidential election no doubt also took a hit.
Above it all, no one in the government will seriously work on reviving the economy which is in the tank right now. GDP growth of 5 or 6% has been replaced by words like 保2有望；meaning maintaining at 2% level is a possibility.
马英九又输了。这次他和国民党输得很惨。马英九的正义大旗已被撕得粉碎。他被民进党和王金平打的全无还手之力。马英九实在好可怜！许多国民党的党员一定很灰心：为什么他们选出来的总统一而再再而三的让他们失望？I don’t have an answer.
In many ways, 马英九 is the Jimmy Carter of Taiwan: a good and honest person, insisting on doing everything big and small himself but the job was way over his head. He is, based on his past performance, more than likely to fail in the end.
Well, 马英九 still has three years to prove everybody wrong.
I wonder what the White House has to say in private. More importantly, will 习近平 re-evaluate China’s policy wrt Taiwan？If he does， what will it be？
Are Stocks cheap? August 3, 2013Posted by hslu in Congress, Economics, jobs, Obama, Obamacare.
Tags: Asset bubble, Ben Bernanke, Bond market, Fed, Federal Reserve System, Food Stamps, Gross domestic product, hamburger flippers, jobless rate, Mario Draghi, Obama, ObamaCare, Part-time jobs, United States, US Congress, White House
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You decide. Here is just one of its metrics.
Keep in mind that stocks do not have to be justified by what’s going on in the economy right now.
We also have QE3 by the Fed which has been manipulating the economy, the equity market and the Bond market. It also artificially lowered the savings rate at banks. of course, you already knew this when you opened your bank statements years ago. Bernanke justified his action by saying that inflation is low and people are more than compensated by the growth in the stock market and the equities of their houses. Besides Bernanke can hide behind his dual mandates from the Congress. But we have no where to hide but to chase yields at our own risk though.
The Fed has forced everyone to riskier assets. By doing so Bernanke has popped up the bubbles in equity market and the real estate market. By keeping the rate low, the biggest bubble is in the long bonds and not m=very many people knew it.
What if these bubbles are eventually popped by Fed’s own action? Will we get a bailout like the too-big-to-fail and too-big-to-jail banks?
It appears that Fed’s money printing action will continue but September is a critical time. The stock market is probably betting on tapering starting in September.
Why? Isn’t the economy lousy?
Yes, the economy is very lousy. But:
About 69% of Fed’s money is not in the economy. Velocity of money is declining and the Fed knew it. The question you want to ask yourselves is this:
“Where is the growth in GDP?” and
“Where are the jobs?”
All the Fed has managed to accomplish is a GDP growth rate of 1.7% in Q2 which is saying that the GDP has grown by the amount that roughly matches inflation. In other word, the economy didn’t grow at all in real terms. Despite all the QEs the Fed has done in the past.
And 162K new jobs created in July were not even enough to accommodate new entrants in the job market. The White House and liberal media hailed the new jobless number but they have stopped mentioning the fact that US economy has about 250K people entering the job market every month. In other words, the United States is falling behind very seriously.
Pretty amazing, isn’t it.
It is also very sad too.
In case you don’t know or you have been fooled by the 7.4% jobless rate headline number:
There are currently 90 million people who are not working in the richest nation in the world: The all mighty United States.
About 47 million of that 90 million people are on food stamps. No question that more than 47 million of that 90 million people are on other forms of government hand outs too.
That is about all Bernanke has been able to do.
Yeah, 7.4% unemployment rate! Great achievement by the Fed, Obama, and the Congress.
I have no doubt that Obamacare has something to do with the fact that part time worker has grown in the past several quarters.
Every where you see, you see the foot print by Obama’s failed policy which hinder job growth and business investments. The so-called middle class in the United States is disappearing and the United States has become a nation of hamburger flippers, hotel maids and night time stock persons at local Wal-Mart and maybe K-Mart as well.
This is the hallmark of the Democrat Party and the hall market of one of the most liberal president of the United States: Obama.
Well, in conclusion, the Fed is very nervous of the unintended consequences of all the QEs they did in the past but they also knew that they have no control of the Bond market.
To put it in simple terms:
The Fed has put itself between a rock and a hard place. Bernanke will probably do everything he can to taper. The economy may not let him to though.
We’ll have to watch the drama but we are actually one of the players in the drama as well whether we like it or not. Bernanke will retire and the “烂摊子” will be someone else’s problem by February, 2014.
He has had enough. I can tell.
But not to be too harsh on Bernanke on the eve of his retirement, he has to learn a lesson from Mario Draghi because Draghi has single-handedly calmed the European sovereign market without printing a single Euro.
History will be the judge on Bernanke. Not me. But his action will no doubt affecting my and your lives. We have no choices.
Well, I had enough QEs too.
But heck, no one listens to me. Not even my wife. LOL.
Community Organizer-in-Chief is at it again July 20, 2013Posted by hslu in China, Obama, Obamacare, Politics, Racial Bias, Taiwan.
Tags: 228, African American, George Zimmerman, Obama, Taiwan, Trayvon, White House, 李登辉, 二二八
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He capitalized on the death of a black guy before the trial with words like these:
- “”If I had a son, he’d look like Trayvon.”
- “When I think about this boy, I think about my own kids.”
I called this jury tampering and stirring up the emotion of his black base.
Actually there must have been many black guys who got killed at a young age. I guess all of them will look like Obama’s boy if he had one. The only problem was that those black guys got killed by other blacks. George Zimmerman‘s trouble will never end because of his last name.
He then did more damage to race relationship in the U.S. after Zimmerman was found not guilty with the following statements:
- T. Martin could have been me 35 years ago,”
- “There are very few African American men who haven’t had the experience of being followed in a department store. That includes me.”
Obama and 李登辉 of Taiwan are very much alike: two shameless politicians who did a lot of damage to their respective country:
- Obama played the race card to shore up his black base and refuse to let the race issue go away. A black president will always look after his black friends even to the detriment of the entire country. I am not surprised! I am not surprised at all! I knew it will happen the moment he was elected in 2008. If you do not believe me then answer this question: Who were benefited the most by Obamacare?
- 李登辉 stirred up the long dormant ethnic hatred between Taiwanese and people who came from mainland China (and their kids) before 1949. He raised the issue for the sole purpose of getting him elected as the president of Taiwan.
I actually fear for the future of the United States because I thought discrimination against blacks has slowly dissipated. It is unfortunate that some people will simply not let it die. I am certain that Obama’s words and action will make racial bias even worse than it had been in the past.
What an irony: the first black president of the United States has divided this country even further along the racial line. It is sad but it is true.
And I am equally saddened by the stagnation of Taiwan, economically and politically. I firmly believe that ethnic divide was largely responsible for the lost decades. I am afraid that the ethnic relationship has really taken a back seat and the island will forever be held hostage by this thorny issue because, like Obama, some politicians in Taiwan simply will not let this issue die.
Hmm…, what will happen if Taiwan is united with China. Will this be an issue at all?
Merkel beat Obama December 12, 2011Posted by hslu in Congress, Economics, Global Affair, jobs, Obama, Politics.
Tags: Angela Merkel, Barack Obama, European Union, Germany, Obama, United States, Wall Street, White House
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With a financial crisis on hand, the United States chose to flood the market with tax money and Federal Reserve’s printing press which bailed out politicians’ bodies on the Wall Street and covered their own asses. In the process the politicians in the United States and Bernanke ignored the threat of inflation in the future, disregard the enormous financial burden on our kids and grandkids and arguably avoided a short term collapse of the financial system in the world.
In other words, Americans get used to kick the can down the road unlike what Chinese people have been taught for thousands of years: “積穀防饑 未雨綢繆,” “ji1 gu3 fang2 ji1 wei4 yu3 chou2 mou2,” which means “ save some grains for the hard times in the future” and “ fix your houses when it is not raining.”
This is the all too familiar Wall Street and American corporation mentality: our top priority is our next quarter’s results and the performance of our stock prices. We’ll worry about our long term problems when we have to in the future.
Ditto for American people in general when time was good: enjoyed life now with borrowed money, credit cards and home equity loans, so that they could have regular vacations, flat panel TVs, boats, fancy cars and big houses. They did it to show off their fancy life style, pump up their egos and satisfy their short term pleasure in life.
The disastrous results are clearly laid out in front of our eyes when things are not that rosy: near zero savings rates, high credit card debts, lost homes, foreclosed mortgages, soup lines, food stamps and welfare. Even worse, the Americans are not equipped to handle the consequences of globalization bought on by the very free trade policy that politicians are so proud of; American people are ill-prepared to compete with billions of hard working people in foreign countries, be it Chinese, Indians, Mexicans, Salvadorians, Thailand, or Koreans. In general, Americans lack the necessary education to compete in the high tech fields and Americans are lazy when competing with Mexicans and Salvadorians in low wage jobs. If you do not believe me, just look at the sorry state American’s public school system is in. And on the low wages job market, have you seen any white people cutting grass for you or washing dishes in restaurants? They choose to stay at home, watch TV, collect food stamps and use up their 99-week unemployment benefits instead.
This feel-good-now mentality is unfortunately reflected in American’s slow decline orchestrated by none other than Obama who thinks that America shouldn’t always take the lead on the world stage.
This is where Germany’s Mrs. Merkel comes in.
Germans work hard and they have their economy to prove it. They do not believe in short-term satisfaction on the back of future generations. They also believe that the financial market should be given a whack on the side of their collective head with a 2×4 so that they can be taught a lesson that they will remember. They despise countries like Greece, Spain and Italy and do not think they should use Germany people’s tax money to bail out people in these countries.
Because of this deeply rooted value system, Mrs. Merkel chose a vastly different route despite Obama’s calling right before the latest EU summit of all member countries:
“There’s a short-term crisis that has to be resolved,” Obama reminded Merkel, “to make sure that markets have confidence that Europe stands behind the euro.”
Mrs. Merkel, like some Germany officials, believed that the short-term crisis Obama referred to was actually his diminishing chance of re-election in 11 months, which will be damaged further by a prolonged recession without flooding the European economy will tax payers’ money. Mrs. Merkel and many Germans believe, not dissimilar to Chinese’s philosophy; me included, that when time is tough, one has to cut back on one’s spending and not piling on more debt for the sake of avoiding short pain, however unpleasant it may be. However, since Germany is bonded together with these countries by the common currency and a weak EU treaty which gave Mrs. Merkel little leverage to force these feel-good-now countries, including France, to do what is necessary to right the wrong for the sack of long term stability, i.e., cutting back on government spending, reducing public workers’ pension benefits, stopping the lazy life style of their citizens, giving up part of country’s solvency by allowing European commissions to exam their national budgets and adapting German’s style of governance and financial practices.
Mrs. Merkel used the threat of the imminent breakup of the Euro to force everyone in the room, including France’s Sarkozy, to adapt German’s financial practices and fiscal policies and follow Germany’s lead to whip the European countries in shape in the long run.
There is no doubt that there will be short term pain to be paid from a pending recession bought on by reduced government and private sector spending from many European countries. But Mrs. Merkel achieved one thing that no one was able to do in the past: forging the European Union into a more integrated entity which will no doubt out-perform the United States, a declining country saddled with crushing debt and the threat of inflation, in the future.
Mrs. Merkel’s German beat Obama’s America hands down. Europe nations will suffer now but American’s problem will come just about the time when Europe begins to stand up from the ashes.
But Obama is happy because Obama got his wish that America is no longer the lead nation in the world.
Tags: Afghanistan, Al Qaeda, 紧箍咒, 金箍圈, 西游记, John Brennan, Ming Dynasty, Obama administration, Osama, Osama bin Laden, The Journal to the West, United States, War in Afghanistan, White House, 唐三藏, 孙悟空
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Brennan may be correct to observe that al Qaeda is near bankruptcy, but what Brennan failed to mention was even more startling.
What he didn’t say yesterday was that
“America is also becoming increasingly bankrupt and Osama and al Qaeda are partially responsible.”
Because hundreds of billions of our tax money has been spent annually just to keep the United States “safe,” thanks to Osama and al Qaeda who were responsible for what happened on 9/11.
This was in addition to trillions of dollars that United States has spent on its defensive budget: most notably the war Obama escalated in Afghanistan and American’s increasingly failed effort to build a nation that’s friendly to the US.
You might be aware of this fact: before Obama took office, there were about 30,000 US troops in Afghanistan. The US now have more than 100,000 soldiers in Afghanistan chasing a few remnants of al Qaeda and other Osama-inspired fighters. All the while, the Obama administration tried very hard to give billions of our tax money to the so-called leaders of the Afghanistan government and many local tribe chiefs. The war has not been lost but the end is certainly not in sight. There is no light at the end of this dark and long tunnel. And there may never be any at all, no matter how many billions we give away and how many hundreds of billions we help them build highways, houses, schools, hospitals, water facilities and electricity infrastructures.
In addition, cities and counties all over the United States, plus every sea ports, airports and border entry points across the United States, have spent hundreds of billions of our tax money to beef up security for special events and to guard against illegal entries of terrorists.
All that money were used to keep the US “safe.” And yes, the United States has been safe since 9/11 and a few would-be suicide bombers have been caught over the years.
But at what cost?
Probably a few trillion dollars since 9/11. And more has to be budgeted in the years to come because Osama is now dead.
It is sad to say that even in his death, Osama continue to put a terrible financial and emotional burdens on United States and its citizens. This is kind like the magic headband (called 金箍圈 jin1 qu2 quan1″ on 孙悟空‘s “sun1 wu3 kong1″ head which, with a chant (called 紧箍咒 jin3 gu2 zhou4″) from his master 唐三藏 “tang2 san1 zang4,” will shrink and cause unbearable pain to the all mighty 孙悟空. It will make 孙悟空 obedient and do what his master asks him to do. In case you do not know, 孙悟空 is the Monkey King in the famous Chinese novel from Ming Dynasty ” 西游记,” :xi1 you2 ji4″, The Journal to the West.
All joke and analogy aside, the more urgent question for all Americans to ponder is this:
“Will the United States be able to afford this kind of spending indefinitely?”
Because we all know that the terrorists, al Qaeda included with or without Osama, will not stop its attack on America simply because Osama is now dead?”
To probe this issue deeper, one has to ask this question:
“Are the trillions of dollars the US has spent since 9/11 to the type of investment which will keep the United States competitiveness against other countries in the world?”
The answer, of course, is “NO.”
It does not increase America’s competitiveness. It simply becomes an added cost to everything we do in this country. It makes the United States less competitive.
I do not believe in God but I will say this for the United States:
“God helps the United States.”
Because the US needs it to fend off al Qaeda and its god.
Government Shutdown, It’s about time April 8, 2011Posted by hslu in Congress, Economics, Energy, Global Affair, Military, Obama, Oil, Politics, Taxes.
Tags: Government shutdown, White House
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Don’t pay the law makers. Stop paying their staffs.
Stop paying the White House. Obama can cook for his family.
Don’t pay the federal employees.
Find out who are the non-essential ones and fire them.
Find out wasteful programs and terminate them.
Only active, essential, combat military personnel gets paid.
Military personnel stationed in foreign countries should be paid by host countries. Otherwise, bring them home.
Stop funding non-essential programs such as NPR. Auction it off to the highest bider if it is so hot.
Stop funding foreign aids.
Stop funding the UN.
All research programs should go through value assessment. Shut them down if it shows no value or no chance of ever going commercial.
Stop ethanol subsidies and make the industry survive on it’s own.
Send every tax payees their shares of money saved from government shutdown.
Obama doing the slick willie trick? January 22, 2011Posted by hslu in Economics, Global Affair, Health Insurance, jobs, Obama, Politics.
Tags: Barack Obama, Bill Clinton, Clinton, Hillary Rodham Clinton, liberal, nationalize health care, Obama, Politics, President of the United States, slick willie, unemployment rate, United States, White House, Willie Nelson
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The guy is imitating Clinton’s trade mark: slick Willie. With 2 years to go on his re-election, he is all the sudden concerned about US economy?
He is 9.4% unemployment rate too late. Or was it 17%? I lost count with so many variables in the unemployment report.
He should have done so in the first year when he took the office. Instead he worked on nationalizing health care against American people’s wishes.
Don’t be fooled by this guy. He is a liberal and will always be a liberal no matter what face is heading his economic team.
Wall Street against Obama: it’s about time. August 31, 2010Posted by hslu in Economics, Obama, Politics.
Tags: Andrew Sorkin, Obama, The New York Times, Wall St., White House
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Here is an article from Andrew Sorkin that we usually do not expect to see in the most liberal newspaper in the Country, The New York Times:
Why Wall St. Is Deserting Obama
But I am not surprised because there is always a first. Even NYT will one day wakes up to the fact that Obama is the worst president in the recent US history. Look at all the destruction he has made to the US economy and the lives of so many working families of this once great nation since he started working at the White House. And the scary thing is that it is not over yet!
The only problem I have with the NYT is that they are 21 months too late.
How dare you block my order to stop offshore drilling June 24, 2010Posted by hslu in Energy, Global Affair, Obama, Politics.
Tags: deepwater oil drilling ban, GoM oil spill, Martin Feldman, Obama, White House
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U.S. District Judge Martin Feldman in New Orleans can expect anytime now a phone call from the White House to face Obama and explain his decision which blocked Obama’s six-month ban on deepwater oil drilling after GoM oil spill.
Judge Feldman also has to come clean with his oil related investments.
Obama will also ask Judge Feldman his party affiliation. If Judge Feldman is a Republican, Obama may ask for his resignation too.
Double Standard June 23, 2010Posted by hslu in Uncategorized.
Tags: Afghanistan, Arizona Illegal Immigrants law, deficits, Gaza, Iran, Iraq, liberal media, national debt, North Korea, Obama, oil spills, Tony Hayward, top kill, Turkey, unemployment rate, White House, yacht race
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Tony Hayward was criticized by the White House and liberal media for attending a yacht race on Saturday because that damn hole wasn’t plugged.
Obama got a free pass from liberal media on his golf game on Saturday and Baseball game on Friday night. But on the day of “top kill”, Obama was implying that he was responsible for plugging that “damn hole.”
At last count, Obama also has the following thorny issues to deal with:
- North Korea’s sinking of a South Korean battle ship.
- Detection of high radiation levels of Uranium near the boarder of North Korea on May 15th, 2010.
- Iran’s Nuclear weapon program.
- Wars on Afghanistan and Iraq.
- Domestic terrorist attack.
- Gaza naval blockade by Israel.
- Turkey turning its back on the U.S.
- High unemployment rate.
- Lousy economy.
- Mounting deficits.
- Soaring national debt.
- Double dip on the housing market.
- Arizona Illegal Immigrants law.
- Cleaning up oil spills from beaches in LA, MS and FL.
Would you call that a “double standard?”