
Democrats aren’t much better October 13, 2018
Posted by hslu in Congress, 美國, Economics, Election, Politics, Retirement, Trump, US Government.Tags: Democrats, Republicans, tax cut, Top 1%, Welfare
1 comment so far
Most Americans are screwed no matter which party is in power.
Republican’s tax cuts are extremely good for the top 1%. The other 99% won’t get much. The U.S. is saddled with a bigger deficit and a accelerating national debt it has no way of paying it off.
Democrats like to tax and spend. Higher taxes reduce Americans’ take home pay. It’s bad. Bigger government spending increases deficit and national debt. It’s insane.
Yes, I agree that without doing something on the entitlements, America is screwed. Reducing welfare benefits, seniors and poor Americans are doomed. Letting welfare benefits grow like they have been in the past, the middle class will see a bigger portion of their income goes to others who can’t support themselves. The top 1% won’t feel a thing.
Either way you look, America is doomed.
No matter which party is in charge, poor Americans will be poorer.
The middle class will continue to pay.
But, the top 1% are untouchable. They’ve been laughing to the banks. They will keep donating to the Democrats and Republicans and claim tax deductions to lower their income taxes. Life is peachy for them thanks to the Democrats and Republicans.
Young Americans and Republicans “Eat what they sowed” December 8, 2013
Posted by hslu in China.Tags: Democracy, Democrats, 自食其果, Latinos, Obama, ObamaCare, Patient Protection and Affordable Care Act, Pelosi, Reid, Republican Party, White House
add a comment
You already knew what’s going on with Obamacare, the software.
It’s a mess.
You already knew what’s going on with Obamacare, the policy.
The worst is yet to come.
You already knew how Obamacare makes people losing their full time jobs.
You already knew that Obamacare drags down the US economy.
And, finally you already knew that Obama was forced to admit that he had lied.
Yet, Obama is still in the White House and Obamacare is still the law of the land.
If you voted for the liar and have to pay for your mistakes by way of higher insurance premium and fewer work hours, you have no one but yourselves to blame.
We call this: “自食其果.” “Eat what they sowed.”
The others got the shaft because of a failed political system: Democracy. Obama, Pelosi, Reid and Democrats worked hard for their party. They were supposed to look after the benefits of the majority of the American people. They didn’t when they have the White House, the Senate and the House.
They blatantly abused their power to benefit their own party.
This is wrong and this is the inherent flaw of this failing political system.
Republicans have no one else to blame but themselves too. Chief Justice Roberts defected to the Democrat Party. As a result, the Republican Party lost everything. With overwhelming majority of Latinos voting for Democrats, the Republican Party will be marginalized for years if not decades.
We call this “自食其果” for the Republican Party as well.
Democracy, like human nature, is fundamentally flawed and the flaws are showing up in many democratic countries in the world.
In the long run, democracy equals socialism and is doomed to fail.
October 16, 2013 – Point of No Return October 16, 2013
Posted by hslu in Congress, Economics, Energy, Global Affair, Health Insurance, Military, Obamacare, Oil, Politics, Taxes.Tags: Congress, Conservatives, Democratic Party (United States), Democrats, government debt, reserve currency, Shale gas, Shale Oil, Trade deficit, United States, United States Congress
add a comment
The war against big government in the United States was lost today. Conservatives are defeated. They are out-numbered. America will collectively pick up its steps toward a big and socialist government for decades to come. Obamacare will be even more difficult to repeal, Democrats will rule the Congress and national debt will pile up year after year until the entire nation is crushed under its weight with no means to ever pay for it.
The fundamental problem is this:
Democrats are like Santa Claus; they pass out free gifts to Americans every month of every year. The majority of Americans like handouts and they will keep Democrats in power. They do not care whether the nation can afford it or not. Everyone wants to have a piece of the pie and they will leave someone else to pay for it.
The surge of shale oil and shale gas productions will delay the day of reckoning because the way America goes about it is like someone is spending his or her inheritance money. The domestic productions will reduce trade deficits, stimulate the economy and help with taxes. Once the inheritance money starts to run out in 10 to 15 years as shale oil productions peak, the rapid build up of national debt will continue and the United States will forever pay a larger share of its taxes to service the debt.
If the status of the reserve currency of the green back is in doubt, which will come someday as other nations lost confidence in US’s ability to pay back its debt, the death knell will sound and the empire will fade away along with its 10 air carriers floating in the Atlantic and Pacific oceans.
The drama has begun. It can not be stopped. It has reached to the point of no return.
The date is October 16, 2013. This is the day the Conservatives are marginalized.
Obama and big government win.
Krugman is at it again. January 21, 2011
Posted by hslu in China, Economics, Global Affair, jobs, Nursing, Politics.Tags: Bill Clinton, Democrats, first Obama stimulus, foreign capitals, foreign direct investments, Krugman, New York Times, ObamaCare, pay roll tax relief, QE2, Renminbi, second stimulus, the Fed, The TARP, US Congress, Wal-Mart
1 comment so far
http://www.nytimes.com/2011/01/21/opinion/21krugman.html?_r=1&emc=tnt&tntemail1=y
Obama Lies. Politicians lie. December 10, 2010
Posted by hslu in Economics, Health Insurance, jobs, Obama, Politics.Tags: 2010 speech in Cleveland, Clinton, Democrats, Obama Lies, September 8
add a comment
Almost all politician, either in the US, Taiwan, and other countries, lie. They lie when it is beneficial for them to walk away from their promises.
Obama isn’t any different.
Democrats loath to give wealthy Americans tax break of any sort. Using Obama’s definition, those making more than $250,000 in a family are wealth and they do not deserve any tax break under the Bush tax cut.
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:”Calibri”,”sans-serif”;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:”Times New Roman”;
mso-bidi-theme-font:minor-bidi;}
Many times during his campaign and since he took the office, Obama has repeatedly said that wealthy Americans should not get any tax break. More recently in his September 8, 2010 speech in Cleveland, he said:
“we should not hold middle class tax cuts hostage any longer. We are ready, this week, to give tax cuts to every American making $250,000 or less. For any income over this amount, the tax rates would go back to what they were under President Clinton.”
And the reason for the tax increase is :
“This isn’t to punish folks who are better off – it’s because we can’t afford the $700 billion price tag.” (It is a punishment to the better-off. Period.)
Again on September 20, 2010, he said this:
“Here’s what I can’t do: I can’t give tax cuts to the top 2 percent of Americans.”
Well, he lied.He lied because he is moving toward the center of the political spectrum. He lied because he is planning for his re-election in 2012. He lied because he thought Democrat is too weak to oppose him. He lied because he thought pelosi and Reid are in his pocket.
Well, he may be in for a long fight with Democrats while Republicans are watching with glee on the sideline.
In the same September 8, 2010 speech in Cleveland, he also said these:
“I have a different vision for the future. I’ve never believed that government has all the answers to our problems (But the federal government is getting bigger and bigger by the day). I’ve never believed that government’s role is to create jobs or prosperity (Is he kidding or is he an idiot?). I believe it’s the drive and ingenuity of our entrepreneurs, the skill and dedication of our workers, that has made us the wealthiest nation on Earth (But it doesn’t mean that we’ll not tax you every which way we can). I believe it’s the private sector that must be the main engine of our recovery (Hmm, what about those shovel ready jobs he has promised?).”
“I believe government should be lean (But we’ll keep sending out unemployment checks up to 99 weeks) , it should be efficient (But we’ll add 2000 more IRS agents to keep and eye on American people,) and it should leave people free to make the choices they think are best for themselves and their families (But we’ll have government run health care for everyone), so long as those choices don’t hurt others (Politicians talk like this all the time to give them an escape clause).
Now, you see how politicians such as Obama talk from both sides of their mouths.
And the worst part of all these is that they are not held accountable for their lies and broken promises, especially those liberals because the main street media is on their sides.
I have a different vision for the future. I’ve never believed that government has all the answers to our problems. I’ve never believed that government’s role is to create jobs or prosperity. I believe it’s the drive and ingenuity of our entrepreneurs, the skill and dedication of our workers, that has made us the wealthiest nation on Earth. I believe it’s the private sector that must be the main engine of our recovery.
I believe government should be lean, it should be efficient, and it should leave people free to make the choices they think are best for themselves and their families, so long as those choices don’t hurt others.
I have a different vision for the future. I’ve never believed that government has all the answers to our problems. I’ve never believed that government’s role is to create jobs or prosperity. I believe it’s the drive and ingenuity of our entrepreneurs, the skill and dedication of our workers, that has made us the wealthiest nation on Earth. I believe it’s the private sector that must be the main engine of our recovery.
I believe government should be lean, it should be efficient, and it should leave people free to make the choices they think are best for themselves and their families, so long as those choices don’t hurt others.
I have a different vision for the future. I’ve never believed that government has all the answers to our problems. I’ve never believed that government’s role is to create jobs or prosperity. I believe it’s the drive and ingenuity of our entrepreneurs, the skill and dedication of our workers, that has made us the wealthiest nation on Earth. I believe it’s the private sector that must be the main engine of our recovery.
I believe government should be lean, it should be efficient, and it should leave people free to make the choices they think are best for themselves and their families, so long as those choices don’t hurt others.
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:”Calibri”,”sans-serif”;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:”Times New Roman”;
mso-bidi-theme-font:minor-bidi;}
I have a different vision for the future. I’ve never believed that government has all the answers to our problems. I’ve never believed that government’s role is to create jobs or prosperity. I believe it’s the drive and ingenuity of our entrepreneurs, the skill and dedication of our workers, that has made us the wealthiest nation on Earth. I believe it’s the private sector that must be the main engine of our recovery.
I believe government should be lean, it should be efficient, and it should leave people free to make the choices they think are best for themselves and their families, so long as those choices don’t hurt others.
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:”Calibri”,”sans-serif”;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:”Times New Roman”;
mso-bidi-theme-font:minor-bidi;}
I have a different vision for the future. I’ve never believed that government has all the answers to our problems. I’ve never believed that government’s role is to create jobs or prosperity. I believe it’s the drive and ingenuity of our entrepreneurs, the skill and dedication of our workers, that has made us the wealthiest nation on Earth. I believe it’s the private sector that must be the main engine of our recovery.
I believe government should be lean, it should be efficient, and it should leave people free to make the choices they think are best for themselves and their families, so long as those choices don’t hurt others.
I have a different vision for the future. I’ve never believed that government has all the answers to our problems. I’ve never believed that government’s role is to create jobs or prosperity. I believe it’s the drive and ingenuity of our entrepreneurs, the skill and dedication of our workers, that has made us the wealthiest nation on Earth. I believe it’s the private sector that must be the main engine of our recovery.
I believe government should be lean, it should be efficient, and it should leave people free to make the choices they think are best for themselves and their families, so long as those choices don’t hurt others.
Obama Justice for His Muslim Brothers November 19, 2010
Posted by hslu in Do you know?, Global Affair, Islam, Military, Obama, Politics, Religion.Tags: 1998 US embassy bombings, 9-11 Muslim hijackers, AG Eric Holder, Ahmed Khalfan Ghailani, Al Qaeda, CIA, constitution right to a speedy trial, creature of his surroundings, Democrats, enemy combatant, Guantanamo detainee, Khalid Sheikh Mohammed, liberals, Military Tribunal, Muslim, Obama Justice, Osama bin Laden, Torture
add a comment
Ahmed Khalfan Ghailani:
- A Muslim
- An explosives expert
- An Osama bin Laden bodyguard.
- Knew some of the 9-11 Muslim hijackers.
- A member of the al-Qaeda terrorist organization
- Had been officially classified as an “enemy combatant”
- Involved in the 1998 US embassy bombings that killed 224 people and left thousands wounded.
Trial in Civil Court instead of Military Tribunal
- Not a US citizen.
- Not a New York resident.
- Obama treated his Muslim brother like a US citizen.
- Transferred to NY to face a jury trial in a civilian court.
- Said that he was exploited by al-Qaeda operativesand he’s sorry.
- 1st Guantanamo detainee facing civilian trial instead of military tribunal.
- Obama and his AG Eric Holder did not wish to seek death penalty even though 11 people were murdered.
- Eric Holder bought 284 charges against Ghailan hoping a smooth trial and conviction of all charges serve as a model for the civilian trial of Khalid Sheikh Mohammed, the mastermind of 9-11 attack.
His Denfense
- He was tortured by CIA; an outrageous government misconduct
- He was innocent at the time of the attacks
- He was an immature, trusting, naïve “creature of his surroundings” who enjoyed watching cartoons
- He had been duped by a group of men who turned out to be part of the East Africa terrorism cell.
The Verdict
- Guilty of one count of conspiracy to destroy US government buildings and property.
- Not guild of four counts of conspiracy, including conspiring to kill Americans and to use weapons of mass destruction.
- Not guilty of all murder charges.
Obama is cheering
Obama and eric Holder claimed victory because Ghailani was convicted of one count which may keep him in jail for 20 years.
Questions:
- How can liberals and Democrats got away from stupidities like this?
- Do liberals and democrats not have brains?
- Was it a favor to Obama’s Muslim brothers?
- Do you know that the charges was almost dismissed by the judge on the grounds that Ghailani’s long extrajudicial detention denied him the constitution right to a speedy trial?
- Hmm, when did foreign combatants have constitution right?
What can the Fed do? Not much! August 11, 2010
Posted by hslu in Economics, Obama, Politics, stocks.Tags: Bernanke, Democrats, Euro, government debt, Housing market, low interest rates, MBS, Stock Market
add a comment
After sleeping on Bernanke’s comment over night, the stock market tanked today.
People on Wall Street and main streets asked “What can Bernanke do? ”
I think “Not much.”
He has bought $1.2 trillion of MBS and $300 billion government debt but people are not rushing back to the housing market to take advantages of 50-year low interest rates. People who wanted to buy a house have already done so and took $8,000 to the bank thanks to Obama. People who wanted to buy a car has already traded in their old ones and drove their new car to deposit the $4,000 government check to their banks. Short term interest rate is not too far from 0% and long tern rates are making new lows almost every day.
Obama has kept part of his stimulus money for 2012 in time for his re-election while letting the economy suffer. In the mean time, Obama and the Democrats have borrowed money from our children and grand children to keep the unemployment checks going to the jobless without cutting government spending. It appears to me that jobless rate is fixing to go up in the next couple of months because
- China slowing down
- Euro zone in tightening mode
- Housing market continues to suffer despite low interest rates and,
- US consumers have turned to savers
Since Obama hasn’t rested except taking a few vacations here and there, the revival of the US economy is rested completely on Bernanke’s shoulders.
But, it pains me to remind you that Bernanke has run out of silver bullets.