Power And Dollar

Lay Taxes To Those Not Buying Guns? NRA Must Be Grinning

John Roberts acknowledges that the Obamacare is unconstitutional in the commerce clause.  However, Roberts upholds the Obamacare because it is constitutional to lay taxes to those who do not buy health insurance.  So, using John Roberts formula, can the federal government lay taxes on those not buying guns? 

It seems like John Roberts’ formula is: if it is unconstitutional to X and it is constitutional to lay taxes to X, then it is constitutional.  Better yet, can the federal government impose taxes to finance the rendition program? Or lay taxes to finance the eaves dropping?  To impose taxes if you do not perform birth control?  To impose taxes if you do not perform abortion?  To impose taxes if you do not send your children to public school (this is already in practice)?  To impose taxes if you do not send your children to home school (this is not in practice)?

If John Roberts’ formula has to be supplemented by the general welfare clause, then not much difference it would make, as Richard A. Epstein (professor of law at New York University and a senior fellow at the Hoover Institution) suggests in NYTimes on 2012.06.29: Congress has the power to “lay and collect Taxes” only in order “to pay the Debts and provide for the common Defence and general Welfare of the United States.” The congress still can impose taxes if you do not buy guns since gun ownership contributes to the general welfare, if you agree that more guns around means we will have less criminals around.  The newer formula can still apply to anything the Congress sees fit. 

Isn’t the case that whenever something is unconstitutional to anyone element of the Constitution, then it is constitutional?  Benjamin Franklin said: “They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.”  John Roberts reversed (or the converse) the reasoning and we get a wonderful universal health care.  At what costs?

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June 29, 2012 Posted by | activism, advocacy, america politics, Current Events, Democrats, opinion, politics, Regulation, Republican, Thoughts | , , | Leave a comment

Obama and US exchange rate

Please encourage me to write this one. 

March 2, 2008 Posted by | Current Affairs | , , , | Leave a comment

Dollars and stocks

Dollars and stocks

 

The stock is falling!

 

http://money.cnn.com/2008/02/29/markets/markets_afternoon/index.htm?cnn=yes

 

And, the dollar is falling!

 

http://www.bloomberg.com/apps/news?pid=20601087&sid=aXJ2_jFdMyZI&refer=home

 

Guess what is going up?

 

http://online.wsj.com/article/SB120430230236203171.html?mod=googlenews_wsj

 

Oil!

 

What is going on, aside from Bush’s deficit?  Who is creating this nightmare?

 

Eh… Election times, folks.  Election gives you political uncertainties.  No investor likes uncertainty.  So, institutional investors will park their money somewhere, i.e. less risky places.  

 

How is this election making US risky?  Well, NO, not this election is making US risky.  It’s all elections create risk for the market.  Elections mean new government will come into place.  That may mean new regulation, new fiscal policies.  These things affect specific industries.  For instance, Democrats promise to renegotiate NAFTA.  That could mean public traded Canadian oil companies may get affected, since they primarily export to the US.  Here it goes with the stocks.

 

Public spending is uncertain.  No one knows what the new budget would be like in 2009.  so no one can figure out if buying US bonds is smart.  So, one may go with a EU bond, Japanese bond, or even in a New Zealand bond.  And of course, when one buys a New Zealand bond, that money is then in New Zealand dollars.  Sell US, convert into New Zealand dollars, and buy New Zealand bonds.  Now, the US dollars go south.

 

Why then is oil going up?

 

Ah… oil is still being traded in US dollars.  While the value of oil may not change much in UK, EU, or even in Timbuku, since US dollars is falling and remain the same in euro, yen or yuan.  So, oil, along with other commodities can only go up, EVEN when all other US economic data show positive.  And we know it is not, so they can only go up even faster.  

 

Individual indicator may go well for the States.  Individual trading day or industry may go well in the States for a period of time.  However, this political uncertainty has to get settled so that this free fall can reach ground.  

 

February 29, 2008 Posted by | Current Affairs | , , , , , , | Leave a comment

What is the new trend coming out of Clinton, McCain and Obama?

What is the new trend coming out of Clinton, McCain and Obama?

 

From President Carter to Bush 2, America has been having governors (or federal administrator experience) to be presidents.  Now, since all three (or two) front contenders are senators, America will undoubtedly have a senator for president.  Does it say anything about American psyche? 

 

Americans have been looking for governors to fill in that job because, well, president is a job to perform executions, like mayors and governors.  So, Americans have been saying experience matters for the job application (have you seen otherwise in your job experience?). 

 

Well, Americans now want senators, not governors (or mayor).  So, they tossed out the experience part.  But then what do they want out of this coming president?  Exactly like Hilary said “rhetoric.”  It is not exactly that they are looking for “empty words” (Hilary).  They are looking for inspiration. 

 

Remember the weekend right after 9/11?  Churches across the continent were having high attendance.  People are not longer for a mayor/city manager type who will grind through the dirty work.  They are looking for inspiration, hope.  Has bush 2 solved the problem (whatever that is)?  Has Bush 2 caught the 9/11 culprit?  Is Iraq off their minds?  Katrina, foreclosure, inflation, the list goes on.  The religious conviction of Bush 2 has not transcended to the average people.  They still do not feel safe.  They feel even more insecure than before.  Americans have been experiencing a deep (and ever deeper) sense of void.

 

Who delivers this kind of security?  Well, they went to the church right after 9/11, didn’t they?  Americans are doing this again in a much larger scale, much more material level: listening to an orator all together at the same time, in 2008.  Between a senator and governor, who would be a better orator?  That’s one reason all the governors (and 2 mayors) are no longer in the race. 

 

There is one factor that can change the outcome of this presidential election: Rove politics.  Aside from that, the result is getting clear. 

 

The constitution expects the executive branch to do things.  In reality, we expect the president to be a leader.  A leader is to lead.  People have to place their trust in him so that he can lead, in a way pretty much how Wilson thought of diplomacy.  Since this new president will have so much oratorical skills in rhetoric, he will focus less on execution.  “We grow great by dreams. All big men are dreamers.” (Wilson)  After all, exactly like Bush 2 said: the president is to delegate and strategize.  Good or bad?  We can only hope the new president “will be on God’s side” (Kerry).

 

Can you get the obvious answer to the question: Who is the best orator of the three?

February 28, 2008 Posted by | Current Affairs, politics | , , , , , | Leave a comment

Freely Traded Chinese Currency = US Inflation = More Votes for Obama

http://www.forbes.com/markets/feeds/afx/2008/02/27/afx4706749.html

Politicians in the States keep wanting to have a freely traded Chinese currency, Yuan, see http://www.guardian.co.uk/feedarticle?id=7290417.  Chinese Yuan is likely under valued and therefore Chinese products are likely underpriced.  Therefore, a free traded Yuan would then bring up the exchange rate.  Well, that is pretty much a direct inflation for US consumers right there. 

Are Republicans trying to lose the presidential election?

Currently, inflation excluding energy costs are going up.  Well, if you consider the rise of oil too, then the inflation is actually going to be even higher.  Inflation is never a good thing for the incumbent party, when elections are getting close. 

http://www.forbes.com/markets/feeds/afx/2008/02/27/afx4703334.html

At this moment, what the US needs is more foreign investors, be they bond buyers or stock buyers.  Cutting expenses at this stage will not help the election, although it is the right thing to do.  But then the Republican controlled Congress created a task force to discourage sovereign funds:

 http://www.guardian.co.uk/feedarticle?id=7341801

One can build an endless Great Wall to protect oneself.  The cost of the Great Wall may at the end out weight the cost of facing the conflict.  How much effort can the Bush Republicans put to defeat its own presidential candidate McCain through its economic policy?  Are they now all Obama converts? 

A good leader requires 2 things: inspirational and talent management.  However, great leaders do not always get to become the leader.  Sometimes, lucks are involved.  And it seems like even the Republican Bush is ready for a chapter too.

February 28, 2008 Posted by | Current Affairs | , , , , , , | Leave a comment