Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Wednesday, February 11, 2009

Betsy McCaughey Identifies the beginning of Amerikan Socialism

Welcome to the People's Republic of Americka. The United States of America is about to be heaped up on the scrap heap of wrongly named countries like the Democratic Peoples Republic of Korea. A republic is a form of government where representatives debate and present government issues for the people they represent. According to our leaders, Obama in particular, we are not allowed to debate, review, oversee, or even think about this legislation, the largest spending package in human history! Trust us they say, Pelosi raises her hand on CNN stating there is no pork, Obama states there is no pork, if they say it long enough then it must be true. Here in China the people only know what the government is doing after it is done, America seems to be doing the same thing now, pass it now and find out what is in there later. The doom and gloom has made it too urgent to review, and it has to be passed NOW! We no long have open debate, exchange of ideas, or moderation of extreme fringe philosophies from being forced on us moderates or nonbelievers. This stimulus bill has much more then pork, even if they changed the name of pork and ear marks and placed them in the bill in a way that does not fit the definition of ear marks. Two wrongs don't make a right, so stop saying that all the conservative ear marks over the past 8 years justifies this round, and while we are there, didn't Pelosi and the Dems have control of Congress for the past 4 years, making all the pork, waste, and stupidity passed by Congress their faults, thought so. Glad I am in China and getting orientated in how to live in a socialists and non-republic country, all hail dear leader Obama.

Yesterday's
Bloomberg has an opinion column by Betsy McCaughey that outlines the takeover of our healthcare system by the government. This shifts the bad care we have today from HMO's to Government. Now some government body will dictate what treatment you get and when you get it. Get ready to stand in line for that operation. Ask people in Canada and Briton how well this works out for them. Oh, and how does socializing healthcare stimulate the economy, please enlighten me. Excerpts below.



Hospitals and doctors that are not “meaningful users” of the new system will face penalties. “Meaningful user” isn’t defined in the bill. That will be left to the HHS secretary, who will be empowered to impose “more stringent measures of meaningful use over time” (511, 518, 540-541)

What penalties will deter your doctor from going beyond the electronically delivered protocols when your condition is atypical or you need an experimental treatment? The vagueness is intentional. In his book, Daschle proposed an appointed body with vast powers to make the “tough” decisions elected politicians won’t make.

The stimulus bill does that, and calls it the Federal Coordinating Council for Comparative Effectiveness Research (190-192). The goal, Daschle’s book explained, is to slow the development and use of new medications and technologies because they are driving up costs. He praises Europeans for being more willing to accept “hopeless diagnoses” and “forgo experimental treatments,” and he chastises Americans for expecting too much from the health-care system.



The stimulus bill will affect every part of health care, from medical and nursing education, to how patients are treated and how much hospitals get paid. The bill allocates more funding for this bureaucracy than for the Army, Navy, Marines, and Air Force combined (90-92, 174-177, 181).

Hiding health legislation in a stimulus bill is intentional. Daschle supported the Clinton administration’s health-care overhaul in 1994, and attributed its failure to debate and delay. A year ago, Daschle wrote that the next president should act quickly before critics mount an opposition. “If that means attaching a health-care plan to the federal budget, so be it,” he said. “The issue is too important to be stalled by Senate protocol.”



Again, I am not joking. This is gravely serious. Add this to the now $3 trillion total cost of the next wave of TARP, Stimulus bill, and new spending initiatives and how is this going to be paid for? Do you think taxes can cover this? We are all getting a tax cut according to the NICP, Obama, Pelosi, and Reid. So what is left, corporate taxes, windfall taxes, well in this economy you can count that out with double digit decline. The $3 trillion total spending will have to come from somewhere, $325 billion is paid for already, $850+ via taxes (stimulus bill), $1 trillion for freeing up credit markets by buying toxic paper that will have to be raised by selling American bonds to other countries, sovereign wealth funds, and private investors. Well, American investors have lost 50~70% of their worth in the current market downturn, and will be taxed more for it. China, Japan, Germany(number 2, 3, 4 economies in the world) and the EU have stated they can only purchase a few bonds and only of the stimulus legislation has NO protection measures in it, which in its current form it does not. So if only we can get them to buy this, which they don't want to, that still leaves $1 trillion for the spending our tax evading Treasury Secretary just outlined and caused the markets to sink 381 points in an hour! We will print it. Welcome to double digit inflation, meaning your $1 today will have about 0.90 or less depending on the inflation rate next year. Look at Mexico and Zimbabwe for insight on inflation. Just printing money to flood the market will overheat the economy to the point of creating inflation so bad it will make Japan's lost decade look like road bump compared to the Grand Canyon.

Tuesday, February 3, 2009

January Rant of the Month - Looking Forward to...

What a start to a new year. Due to Chinese New Year, the year of the Ox and marking the year 4707 by some Chinese Calendars, My January thoughts have had to be postponed until February and I do not have the time to get off weekly rants anymore so I am changing formats to a monthly rant instead. So without further ado here is my overview or rant for January 2009.

Israel and Hamas’ war in Gaza spilled over into most of January starting Dec 27th with the expiration of a peace treaty meant to work towards a political solution. International condemnation and opinion rose against Israel as Hamas got nearly a free pass for poking Israel in the eye with continued military strikes against the Israeli military and civilians alike with rockets and bombs. The situation kept deteriorating until Israel got tired of beating a dead horse and Hamas leaders were too well hidden to inflict any more damage against. What was the outcome? Hamas declared victory by surviving, Israel looks like a bully and we are right back at where we were in the region before the military actions happened. This broken record (or should I say scratched CD?) cycle has been going on for decades now and until both parties are forced into a real compromise situation nothing will ever happen to achieve a lasting and viable peace. Neither side is flexible enough to reach a middle ground due to civilization norms of the region. Compromise is seen as weakness and if you are weak you are a target and then you are destroyed. Some have stated this was a proxy war between the US and Iran. If so it accomplished nothing, except for the death of hundreds and the destruction, and devastation of tens of thousands of people’s homes and livelihoods. For what? Do the Palestinians really want to live in peace with Israel? Do the Israelis really want to see a 2 state solution implemented splitting Jerusalem and other sacred sites? Without Egypt, Syria, Iran, and others weighing in and pushing and accepting concessions then nothing will ever happen. The situation will not change until it is forced to by some major catalyst. Terrorism needs to stop, on both sides, and peace is not in either of their vocabularies at this time.

The Democrats promised us change and a New Way during their campaign for president. Change was the mantra chanted feverously by the media and supporters as if they were devoted Buddhist monks during a ritual. Well here we are. Obama’s beginnings are more contentious then any President’s in my memory, and that goes back to President Ford, 6 presidents past. From the goings on over who would fill his vacant Senate seat, eventually filled by the order of a corrupt governor recently impeached, to the withdrawal of a key Cabinet post by New Mexico governor Bill Richardson for a pay-for-play scandal all of this was just the beginning to what has led into a slew of follies over his much touted litmus test and vetting process to ensure we had a bi-partisan and respectable government to replace the evil Bush years. Treasurer and now Health and Human Services Secretaries failure to disclose their not paying taxes and seemingly free ride by Congress and the press into office. Secretary of State’s confirmation had only 2 opposition votes despite her husband’s organization receiving monies and access to the former president Bill Clinton by enemies of the state and rivals in many different aspects to America’s interests abroad. A NASA selection who the space community states knows little to nothing about space exploration. Closed door private meetings over the largest government bailout and financial offering in national history that has led to a massive pork laden and crippling $825 billion package. Well, you get my drift? Where is the transparency, the accountability, the signal of a new way of doing politics and new government we can be proud of? The only change we have seen is from a Bush administration to a rehashed Clinton one with stark contrasts to accountability and honesty everywhere you look. Obama has strutted green energies and global impact climate change initiatives while caught on film working in a 74 degree White House with his sleeves rolled up because he likes to work in a warm office. Contrast this against his first media interview as president, with an Arab television network, and the only Change I can see is going from the frying pan straight into the fire! I am seeing lots of change but little hope in all of this and all I can do is shake my head and say I told you so.

Home foreclosure is up 81% or 1 in 54 homes in America according to USA Today. That is 2.3 million homes sitting vacant because the people who mortgaged them owed more then they were worth and got too far behind on payments for the banks to keep the farce alive. How is pumping $350 billion back into the banking system going to reverse this trend when the first $350 billion didn’t thaw the frozen credit situation? Oh, because Obama is doing it and not Bush and because Obama will attach more strings to the money… I will believe it when I see it. The cold hard reality is we, the American people, will have to pay for it with tax dollars and loss of services in other programs. Oh, wait no, because Obama brokered a deal to pump in an additional $825 billion in stimulus while not raising taxes and giving money to people who don’t pay taxes in the first place and inflating our already bloated national debt to double its war time levels. Trillion dollar deficits are only going to work if foreign countries continue to buy our bonds and fund our governmental spending spree… oh wait, the rest of the planet is in a recession now and all the currencies are falling against the dollar which is falling as well. Keep printing money and we will end up like Mexico and Zimbabwe, with currencies so inflated it has to keep issuing higher denominations to keep up with prices. Home properties values have to fall, tax assessments on those properties have to fall, people have to have jobs to afford homes again. ACORN and HUD need to stop pushing people with unstable lifestyles into homes just as people need to trim their lifestyles and live within their means and paychecks. Homes are not ATM machines and flipping a property should not be a way to generate income. The real problem needs addressing, not money thrown its way. Our credit and business sector is sick, let the decaying flesh fall off and rot. You can't right a top heavy ship if capsized until all the weight on the top is cut loose or breaks away naturally else the entire ship is lost. This stimulus package is a huge mistake and acting just to act is shortsighted and ludicrous and we will be funding this for generations to come, all because of political vision and ambition.

China is now the #3 economy in the world. 2008 was a HUGE year for China. Started out a little rocky and had a few bumps mid way but finished strong and resounding. With a strong 8% growth resulting in $3.38 trillion GDP China grew $5 billion in 2008 and surpassed the receding Germany by 13% points and is poised to take over #2 Japan if they slip further into negative territory. Japan has seen 2008 go with a $4.38 trillion GDP that shrank 1.3% and on the verge of losing more as their production falls with everyone else’s. Even the EU receded with a combined GDP down 0.6%, thanks to a fuel crisis and economic stagnation fed by decades of socialists policies and population unproductively (Please, please, please Obama, Pelosi, and Reid see this and wake up!!!!). China is still far from producing the US $13.8 trillion GDP, but with a 2.8% loss over the past year and continued recession of our economy China will be much closer. Of course China has shed 20 million factory jobs and hundreds of thousands of factories and the 8% growth is the lowest and first single digit growth China has seen in over a decade compare that to everyone else who saw GDP shrink over the past year and you will see China is closing ground FAST. At #3 China commands much more power and respect on the world economic stage and believe me, they will use it. Like it or not China is the future and the key to economic survival in this new world. The only real concern, domestic issues caused by inflation, real-estate bubbles, unemployment, rapid changes all threaten China’s internal stability and if that cracks, well the ball game is over folks. Per capita spending in China is only $2,500 per year, compared to Germany at $40,400 so you can see the potential for problems and exploitation if the China card is played correctly and intelligently with long term goals built in.

Thank goodness the inauguration is over. Wall to wall coverage must have been as nauseating as CNN’s New Year’s Eve coverage. Glad I am in communists China where they protect their citizens from such pronography in all the media outlets (yes they did censor Obama's speech and cut out the parts they did not like). Sure history was made and yes it is important to cover but just one last tidbit of perspective before I go. Does anyone else get an whiff of Germany in the 1930’s, Korea in the 1050’s China in the 1940’s or Russia in the 1910’s over all the hubbub we had to witness since November? I am just checking because when a leader is lauded and fawned over so much as Obama has been and is touted as the savior and answer to all our ills in such a fashion I see tinges of a false profit or despot on the rise in the same ways as happened in all the examples above. America was built off of debate, conflict, strife, and compromise. Not one party majority or defacto acceptance of a single clear path to salvation. I am a skeptic by nature, educated by years of hard work, and conservative by choice. I am not implying anything beyond an eerie trend running in parallel between peoples wanting to believe in something so much they made a historic mistake that change the world we live in forever and the the pushing of a direction onto us all by those who want to run things their way after a decade of having to abide by an opposite philosphy. Death and oppression have one thing in common, they both come to us like a thief in the night, unexpected and unplanned for and without vigilance and foresight we can not expect to escape.