Wake Up, Krugman September 27, 2010Posted by hslu in China, Economics, Global Affair, jobs, Obama, Politics.
Tags: Bill Clinton, deleveraging, direct foreign investments, Krugman, Narayana Kocherlakota, NY Times, Obama, Op-Ed, Pelosi, Reid, unemployment rate
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Krugman’s Op-Ed piece on NY Times on 9-27-2010 debunked the myth of structural nature of the massive unemployment rate in the United States.
He said that Minneapolis Fed president Narayana Kocherlakota and Bill Clinton’s claim that “people don’t have the job skills for the jobs that are open” is simply not true and not supported by employment data in the nation.
He argued that the problem is not structural and the real reason is
Well, there you go again, Krugman.
You are right that the structural problem is not the reason for the high unemployment rate. I give you credit for that because I agree with you on this point.
You are wrong to claim that the real problem is a “lack of policy resolve” from the US government. You said that because you are preaching the government solution again to solve the problem as a faithful liberal would do.
Well, what is so shocking to me from reading Krugman’s piece is this:
How come a Noble prize winner on economics doesn’t have any common sense?
The real reason for the high unemployment rate in the US is people are simply running out of money to spend in the first place. It actually happened in the Fall of 2005 when the housing bubble started to burst.
The academia called this “deleveraging.” It was a fancy word to say that Americans are having a debt up to their eyebrows. They didn’t have money in their savings account. They barely have enough to pay the bills on any giving month. They didn’t have any money to speak off in their 401(k) and, worse off, they may even have a loan on their accounts. They did save any money for their retirement. And they didn’t have money saved for their children’s education. What they do have are boats on the drive way. Huge flat panel TV in their living room. Fancy kitchen upgrades and a home theater in the basement or near the den. Plus a huge house that’s under water for the past three or four years.
Adding more salt to the the wound, the Three Stooges of the 21 century: Obama, Pelosi and Reid ran the federal government to the ground with lies and deceits and passed policies against people’s will with more government spending, unfunded liabilities, record-breaking deficits and extremely high national debt.
Of course, massive direct foreign investments to China and other markets in Asia and South America from US so many companies since 1993 have resulted in wholesale export of manufacturing jobs to these countries. And this was the root cause for the “structural” change of the industry and the labor market in the United States.Well, the United States has no other to blame but themselves and the capitalism because money flows to where it is treated the best.
American people who still have a job will save more at the expense of a crawling economy and a stubbornly high unemployment rate for at least two more years.
Now that the US government, like many Americans, is broke, the massive spending has to stop which American people are concisely doing right now. Let the market takes care of itself. Once people saved enough money and feel secure with their future, they will spend again and the unemployment rate will come down structural or not.
Wake up, Krugman. Forget about arguing with other academia and the likes of Bill Clinton. You need to get out of your office and talk to people on the main street from time to time. It is no more complicated than this.
9-24 and 9-18: 此一时彼一时 September 27, 2010Posted by hslu in China, Cold War, Global Affair.
Tags: 纸老虎, Diaoyu Island, 華北特殊化, 钓鱼岛事件, 蒙古軍政府, 長城抗戰, 马前卒, Japan, New York Times, paper tiger, Shenyang, South Manchuria Railway, Specialization of Northern China, Suemori Komoto, The Great Wall War, The He-Umezu Agreement, The Mongol Military Government, The Opium War, The sick men of Eastern Asia, 八年抗戰, 察哈尔, 彼一时, 战争鸦片, 梅津・何応欽協定, 此一时, 一二八事变, 东亚病夫, 九一八事变
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Japan Retreats With Release of Chinese Boat Captain
- 一二八事变 in 1932 resulting in forbidding China deploy its own troops in the city of Shanghai.
- 長城抗戰 “zhanf2 cheng2 kang4 zhan4” “The Great Wall War” in 1933 which resulted in the occupation of the province of 熱河 “Rehe” by Japan.
“zhang2 cheng2 kang4 zhang4” or defense of the Great Wall
- 華北特殊化 “hua2 bei3 te4 shu1 hua4” or Specialization of Northern China which established several tribal governments in northern China friendly to the Japanese government.
“hua2 bei3 te4 shu1 hua4”
- The signing of The He-Umezu Agreement in 1935 demanding Kuomintang ceasing all political activities in and withdrawing all military forces from the province of Hebei 河北.
梅津・何応欽協定 “mei2 jing1 ・he2 ying4 qin1 xie2 ding4”
- The establishment of 蒙古軍政府 “meng2 gu3 jun1 zheng4 fu3” or The Mongol Military Government by the Japanese government in the province of 察哈尔 “Cha1 ha1 er3” in northern China on May 12, 1936,
All these humiliating incidents culminated into the invasion of China and the eight year war between China and Japan, the so-called
“八年抗戰.” “ba1 nian1 kang4 zhang4.”
Although the war ended in the total surrender of Japan to the Allied Forces, the preceding humiliating events left a bitter taste in my mouth as I learned recent histories of China when I was a small boy in the elementary school.
Attack Japan where it hurts the most September 23, 2010Posted by hslu in China.
Tags: China, Currency market, Diaoyutai, Japan, Renminbi, Yen
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China should continue buying Japanese treasuries in order
to push up Japanes Yen on the currency market if Japan doesn’t give in on Diaoyutai Island. Diaoyutai Island belongs to China.
China should agressively purchase Japanese Bonds and force Japanese government to defend the yen from making new highs against American dollar.
It allows Chinese government to diversy its foreign currency reserves and make Japanese products less competitive on the world market. Once Japanese government is forced to defend it’s currency, it gives Chinese government a perfect reason to defend it’s currency: Renminbi.
Obama threw US Christians a bone to chew on September 20, 2010Posted by hslu in Islam, Obama, Politics, Religion.
Tags: Christians, Jews, Muslim, Obama
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For the third time in more than 80 Sundays since January 2009, Obama went to a church in DC on a Sunday morning.
What was the point?
No golf yesterday. No basketball yesterday. No party yesterday. No new chefs yesterday. It was a day to tell the Christians in the United States that Obama is not a Muslim.
Jews all over the world are still in the dog house.
When a Moderate Muslim is not September 14, 2010Posted by hslu in Global Affair, Islam.
Tags: Imam Rauf, Moderate Muslims
Imam Rauf claims that he is a man of peace and he is a moderate Muslim. I do not think so because he transforms himself into a radical Muslim when I”slam is under attack.” He said that America has to pay the price if he doesn’t get his way to build a mosque at the place he wanted.
In the same breath, he also claims that he has never and will never threaten American people because his executioners are ready to do the dirty job for him.
Islam 1: Christianity 0 September 14, 2010Posted by hslu in Global Affair, Islam, Obama, Politics.
Tags: American value, appeasing to Muslims, Christianity, Islam, Muslims, Religious War, Sharia law
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In the first run of the 21st century version of the religious war, Christianity lost to Islam in the battle ground in Florida.
Under the cloak of “protecting the troops,” Obama once again showed his appeasing to Muslims instinct and kowtow to Islam one more time.
One step at the time, the Sharia law is gaining ground on the soil of the United States as American value is pushing aside by Obama.
The president of the United States threw the US Constitution on the ground and gave in to the threat of Muslims.
Freedom of Speech September 9, 2010Posted by hslu in Global Affair, Islam, Obama, Politics.
Tags: American flag, Arab, bible, Cordoba House, Freedom of Speech, Hillary Clinton, Imam Rauf, Islam, Islam is under attack, Koran, moderate Imams, Muslims, national security threat level, Obama, Petraeus, religion of the peace, saif, suicide bombs, White House iftar dinner, world peace
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No one gives it a damn if someone burns an American flag or a bible. That’s freedom of speech, according to the high court.
If someone try to burn a Koran or a bunch of Korans, according to Obama, Hillary, Petraeus and a bunch of others, it becomes a national security issue.
Now Imam Rauf has said that unless the mosque is built at the site in the Lower Manhattan, “The headlines in the Muslim world will be that Islam is under attack.” And, if you read between the lines, American heads here in the US and abroad will roll.
Hmm.., Is that a threat to the American people?
Let’s raise the national security threat level to orange then, Obama.
What does this have to say about the religion of Islam? And more importantly what does this have to say about the mood of American people who have had it up to their eyes with the threats from the so-called religion of the peace.
What I do not understand is:
- How come the leaders of Arab countries didn’t come out and ask Muslims in the world to tone it down?
- How come the so-called moderate Imams all over the world in the world didn’t ask their followers to respect majority of American people’s will?
- How come the so-called moderate Imams all over the world or Muslim leaders didn’t ask Imam Rauf to move the Cordoba House to a different location?
- How come Obama didn’t call the leaders of the Muslim countries and tell them that Freedom of Speech is the Law of the land here and is protected by the constitution of the United States?
- How come Hillary Clinton and Ambassadors to the Muslim countries didn’t call these Muslim nations and educate these Muslim leaders of the American way of life and ask them to come out and ask the radicals, as Imam Rauf has put it, to put their saif, or suicide bombs, down for a change?
Now you see how big a mess Obama did with his”right ot build” iftar speech in front of many Muslims in the White House. He really kicked it up a notch, didn’t he?
I say Obama is a Muslim in front of other Muslims. At least he acted as a Muslim and seek approval from his fellow Muslim brothers at the White House iftar dinner.
The next day when asked of his comment he tried to have it both ways and said that he didn’t question the “wisdom” of building a mosque so close to ground zero. May I ask you Obama, whose wisdom did you refer to? Surely you didn’t question the wisdom of Muslims, did you?
Are there anyone out there looking for world peace?
Imam Rauf said Cordoba House will proceed September 8, 2010Posted by hslu in Global Affair, Islam, Obama, Politics.
Tags: Cordoba House, Imam Rauf, Middle East, Muslims, New York Times Op Ed, State Department
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A modern era version of the full fledged of religion war is developing in the lower Manhattan of the New York City.
Imam Feisal Abdul Rauf has just came back from our-Tax-Money-funded, State Department-sponsored 2-month trip from Middle East nations during which he has, according to the State Department, fostered “greater understanding” about Islam and Muslim communities in the US. He has stopped by Saudi Arabia, Dubai, Abu Dhabi, Bahrain and Qatar. From Imam Rauf’s Op Ed piece on New York Times, Muslims in the world have come to an agreement that the Cordoba House has to continue because there is no way that Muslims will submit to Christians or Jews.
Imam Rauf said that:
“The wonderful outpouring of support for our right to build this community center from across the social, religious and political spectrum seriously undermines the ability of anti-American radicals to recruit young, impressionable Muslims by falsely claiming that America persecutes Muslims for their faith.”
He continued that:
“These efforts by radicals at distortion endanger our national security and the personal security of Americans worldwide.”
“This is why Americans must not back away from completion of this project. If we do, we cede the discourse and, essentially, our future to radicals on both sides.”
In other words, if the Cordoba House is not permitted to continue, American heads will roll.
He also took the opportunity to give Americans a lesson on the word “islam.”
He didn’t address Obama’s comment on the “wisdom of the the ground zero mosque” though.
He did say that he’ll tell everybody where he got his $100 million from.
Hmm, I wonder how much of that $100 million came from our gas money we gladly paid at pumps every time we stop to gas up.
Congress spent Our Tax Money on Mosques all over the worldreturn? September 8, 2010Posted by hslu in Congress, Global Affair, Islam, jobs, Religion.
Tags: restore mosques, States Department
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In case you don’t know:
Our tax money has been used to restore mosques and other culture sites all over the world for the past ten years.
Here are some States Department projects in the Middle East and North Africa funded by our tax money.
Middle East & North Africa
34. Algeria: Conservation of Murals at the Early 19th‐Century Palace of Hadj Ahmed Bey in Constantine, $30,000
35. Egypt: Restoration of the Late 19th‐Century Villa Castagli $63,210
36. Jerusalem: Conservation and Protection of Trench One at Tell Es‐Sultan in Jericho $80,550
37. Jordan: Restoration of the Nabataean Flash Flood Protection System at Petra $83,700
38. Lebanon: Conservation of the 8th‐Century Public Baths in the Umayyad City of Anjar $55,000
39. Libya: Documentation and Training in the Management of Archaeological Collections at the Ancient Greek Site of Cyrene
40. Morocco: Restoration of 17th‐ and 18th‐Century Monuments in the Kasbah of Mehdiya $100,000
There are two projects in China:
13. China: Restoration of the Guangong Temple Grotto Entrance Gate and Other Structures at the 7th‐Century Grottoes of the Giant Buddha Temple $43,988
14. China: Restoration of the Late 16th‐Century Grand Mosque in Tongxin $76,135
All together, there are a total of 63 projects in 56 countries in 2010 with a total award of $5,959,811.
For 2009 and 2008, our government spent $5,452,609 and $4,731,431 of our tax money, respectively on various other projects.
Now a days, many people in the United States are scrapping from the bottom of their piggy banks to get by. But obviously some people in these foreign countries are making a good living off our tax money. Please do not tell this to the guys who are receiving his or her 99th unemployment checks. They may not like what they hear.
Now you know why the United States is broke.
btw, have we got anything in return over the last ten years? A “Thank You” card or perhaps a new proposal for more money from us to fix another mosque in a village near by?
What I do not understand is how come Muslims all over the world still hate the United States?
On one hand, the State Department is spends our tax money fixing mosques all over the world. On the other hand, the Defense Department sends American soldiers to some countries to kill their citizens we deemed dangerous which is then followed by State Department putting in a new government that the US thinks is friendly to the US.
Does it make sense to you?