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
add a comment
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
add a comment
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,” i1 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
add a comment
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
add a comment
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
1 comment so far
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
add a comment
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
add a comment
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?”
Abbas invited to White House May 12, 2010Posted by hslu in Global Affair, Obama.
Tags: Benjamin Netanyahu, Hillary, Israel, Jews, Mahmoud Abbas, Middle East, nuclear war, Palestinian, White House
add a comment
Palestinian President Mahmoud Abbas has been invited to the White House sometime in the future.
Look for newspaper headlines, photos and state dinner when he comes to DC. Obama will put on a big show to please his fellow Muslims and Arabs.
Have you heard of Benjamin Netanyahu? Have you seen his picture with Obama lately? Of course not. Obama is doing all he can to humiliate Israel’s prime minister to please his Muslim friends.
This is Obama’s core Middle East policy. And Hillary is doing his dirty deeds.
Can someone answer these questions:
1. Is it possible that the real Obama is a Muslim?
2. How come Jews in the United States are overwhelmingly pro-Democrat over the years and voted for Obama in 2008? It is beyond me.
3. What is Obama’s real intention to put down Israel and put Israel into a corner?
4. Has Israel been put on notice that it will be on its own to bomb Iran’s nuclear facility when the time comes?
5. Has the United States threatened Israel to withdraw the financial aids or military assistance from the U.S. when Benjamin Netanyahu visited the White House recently? Very strange.
Rahm Emanuel is out of White House March 8, 2010Posted by hslu in Politics.
Tags: health insurance bill, Rahm Emanuel, White House
add a comment
The headline on N.Y. Times tomorrow (3/9/2010):
Rahm Emanuel is leaving the White House because of poor health.
He’s taking a job with a private company in the health insurance industry. His signing bonus is no less than twenty million dollars. His salary will be dependent on his ability to get fat contracts from the government once the health insurance bill is past.
His take is said to be no less than 5% of the contracts though.
It tops at 12.5%.