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Archive for April, 2008

Statements and Actions from Obama and McCain

As the regular investor in the wall street, I am pledging my vote to McCain, why ? Because I strongly feel that he is the one that can serve super poor American like me who struggles to make the ends to meet regularly. How so ? Okay here’s the following list of his statements as follows:

–McCain’s action/statement on the Economy:

* Bailing out Bear Stearns necessary to protect economy. (Apr 2008)
* Key is to not to bail out homeowners who speculated. (Apr 2008)
* Things are tough now, but we’re better off than in 2000. (Jan 2008)
* May have to go further to fix the subprime lending situation. (Jan 2008)
* Recession is partly psychological and not inevitable. (Jan 2008)
* I’m well-versed in economics; I was at the Reagan Revolution. (Jan 2008)
* FactCheck: Said–then denied–he needed economics education. (Jan 2008)
* Impose some fiscal discipline to revive the economy. (Jan 2008)
* Will be able to reduce war costs & have a stable Middle East. (Jan 2008)
* Reform insurance to cover violent weather patterns. (Jan 2008)
* To avoid recession, stop out-of-control spending. (Jan 2008)
* Loss of economic strength leads to losing military strength. (Dec 2007)
* Republicans have forgotten how to control spending. (Nov 2007)
* AdWatch: Outrageous to spend $233M for bridge to nowhere. (Nov 2007)
* FactCheck:Bridge-to-Nowhere never built; would serve 200,000. (Nov 2007)
* FactCheck: Criticized “Woodstock museum,” but skipped vote. (Nov 2007)
* Congress spends money like a drunken sailor. (May 2007) (The Congress is Democrat controlled at this time *Added by the Blog author*)
* Veto all pork-barrel bills and announce pork spenders. (May 2007)
* Use veto power to reduce government spending. (Jan 2000)
* Distribute surplus: 23% tax cuts; 62% Social Security. (Jan 2000)
* $9B of pork in current budget bills; cut subsidies. (Oct 1999)
* For Balanced Budget Amend., & off-budget Social Security. (Jul 1999)
* List of budgetary spending priorities. (Jul 1998)
* Supports Balanced Budget Amendment. (Jul 1998)
* Apply surplus to Social Security, Medicare, tax cuts & debt. (Jul 1998)
* Voted YES on $40B in reduced federal overall spending. (Dec 2005)
* Voted NO on prioritizing national debt reduction below tax cuts. (Apr 2000)
* Voted YES on 1998 GOP budget. (May 1997)
* Voted YES on Balanced-budget constitutional amendment. (Mar 1997)
* Maintain & enforce existing spending caps in the future. (Sep 1998)

as opposed to

–Obama’s action/statement on Economny:

* Can’t do anything at home with $12 billion a month on Iraq. (Feb 2008)
* Protect consumers with Credit Card Bill of Rights. (Feb 2008)
* More accountability in subprime mortgages. (Feb 2008)
* Bush stimulus plan leaves out seniors & unemployed. (Jan 2008)
* Voted against limiting credit to 30%, because 30% too high. (Jan 2008)
* Account for every single dollar for new proposed programs. (Jan 2008)
* Help the homeowners actually living in their homes. (Jan 2008)
* Bankruptcy bill pushed by banks &. (Jan 2008)
* Lack of an energy policy is a financial burden. (Jan 2008)
* Bush & GOP dug budget hole; need years to dig out. (Dec 2007)
* Save $150 billion in tax cuts for people who don’t need them. (Dec 2007)
* Take China “to the mat” about currency manipulation. (Dec 2007)
* Rejects free market vision of government. (Oct 2007)
* Regulate financial instruments to protect home mortgages. (Aug 2007)
* Government regulation needed for when markets fail. (Aug 2007)
* Return to PayGo: compensate for all new spending. (Oct 2006)
* Bush’s economic policies are not working. (May 2004)
* Supports federal programs to protect rural economy. (May 2004)
* Voted NO on paying down federal debt by rating programs’ effectiveness. (Mar 2007)
* Voted NO on $40B in reduced federal overall spending. (Dec 2005)
* Get minorities into home ownership & global marketplace. (Jan 2001)
* Require full disclosure about subprime mortgages. (Dec 2007)

McCain’s action/statements on Taxes/Tax Reform:

* Veto any tax increase; worst thing now is to raise taxes. (Feb 2008)
* 2001: tax package with spending restraint, against Bush cuts. (Feb 2008)
* Require a 3/5 majority vote in Congress to raise taxes. (Feb 2008)
* FactCheck: Against Bush tax cuts in 2003; for them in 2006. (Jan 2008)
* Romney raising fees a quarter-billion dollars is a tax hike. (Jan 2008)
* Opposed to the Bush tax cuts as spending got out of control. (Jan 2008)
* Supported Reagan tax cuts because matched by spending cuts. (Jan 2008)
* Reform the tax code that nobody trusts and believes in. (Dec 2007)
* We need a simpler, fairer tax code, but not FairTax. (Nov 2007)
* Tax system is fair; wealthy pay bulk of taxes. (Oct 2007)
* Won’t sign no-tax pledge; focus on cutting spending. (Sep 2007)
* Make tax reform commission & vote yes-or-no on outcome. (Aug 2007)
* FactCheck: Families spend $20B on tax prep, not $140B. (Aug 2007)
* Opposed Bush tax cuts, but must extend them now. (May 2007)
* New tax cuts account for contingencies and over-spending. (May 2007)
* Alternative minimum tax is eating Americans alive. (May 2007)
* Bush tax cuts fiscally reckless & favored rich;but keep them. (Apr 2007)
* Consistent on focusing tax cuts more toward middle class. (May 2002)
* Tax plan: $238B over 5 years; $500B over 10 years. (Feb 2000)
* Double child tax credit; add family incentives. (Feb 2000)
* “Balanced approach”, and starts a flat tax system. (Feb 2000)
* Reagan Republican: simplify taxes; cut waste. (Feb 2000)
* Big money interests fear closing loopholes. (Jan 2000)
* Remove charitable deduction; it only benefits rich. (Jan 2000)
* Replace employer-provided benefits with a tax cut. (Jan 2000)
* Middle-class tax cut: expand 15% tax bracket. (Jan 2000)
* Don’t promise tax cuts from future surpluses we may not have. (Jan 2000)
* 1st step to simplify taxes: close special interest loopholes. (Dec 1999)
* Supports flat tax; stop complexity by special interests. (Oct 1999)
* Keep lump-sum earned income tax credit. (Oct 1999)
* Cut marriage tax, inheritance tax, & earnings test. (Sep 1999)
* Taxes should be flatter, lower, and simpler. (Apr 1999)

Obama’s action/statements on Taxes/Tax Reform:

* No tax increase if earning under $250K; tax cuts under $75K. (Apr 2008)
* Raise capital gains tax for fairness, not for revenue. (Apr 2008)
* Tax cut for seniors and those making $75,000 a year or less. (Feb 2008)
* I’m not bashful about it: wealthy will pay more taxes. (Jan 2008) (This implies that Obama is for the tax increases “wealthy will pay more taxes.” hmmm….*this statement is added by the blog author*)
* Stimulus package: $500 tax cut, & Social Security supplement. (Jan 2008)
* Restore progressive tax; close loopholes; relief to seniors. (Oct 2007)
* Trillion dollar giveaway: the Paris Hilton Tax Break. (Oct 2007)
* Reduce Bush tax cuts to pay for health care & other programs. (Jun 2007)
* Estate tax only affects the wealthiest 1/2 of 1%. (Oct 2006)
* Specific tax relief for families making $75,000 or less now. (Jan 2006)
* Bush tax cuts help corporations but not middle class. (Jun 2004) (Alittle duh here ?  If we don’t give corportations some tax break, how can they employ the americans ? *Added by the Blog Author.)
* Tax incentives to create jobs at home instead of offshore. (Jun 2004)

Don’t buy the BS from the campigans if the records shows differently,  so Obama IS NOT THE ANSWER for the America unless you want to see another Great Depression because doubling the tax in stocks do have the possiblity to trigger the depression because it will make me to stop trading as well as another fellow investors expressed the same response.  McCain will take care of us as he have been serving for the AZ people for more than 20 years as their Senator while Obama only served 3 years for Illnois ?  That’s shows huge difference in experience.

**Those listings are taken from http://www.ontheissues.org ***


Viable Vpad

Few weeks ago, the Viable company have released the brand new technology that enables Deaf and Hard of Hearing people to communicate wirelessly with their product called VPad. They said the retail price of that product is $699 only sells at $99 at the Deaf Expo. So I grabbed the opportunity and went to the expo. The flow of the moving the lines was very horrible there was about 75 to 100 Deaf people in the line and I had to wait in the line for 2 hours! When I finally got the product, I was excited to test the product out at home.

Viable Vpad

I must say I am quite disappointed with the product because:

  • It takes too long to boot up, it takes about 2 to 3 minutes to finally ready to use compared to Sorenson’s videophone that is ready to use less than 30 seconds
  • It does not come in with wireless adapter where you have to buy separately for $30
  • It does not come with battery where you have to buy separately too
  • You can not call any other competiting videophones that have IP address
  • The touchscreen is very horrible, I had to push a button several times to get it activated
  • I can’t even use the Vpad’s slideshow feature to show my photos as the digital photo frame

This piece of junk for $699 ? That is a true rip off, its should be like $29.95! I am considering to sell it on ebay because its very horrible product

**Photo Copyright, photographed by Sam Dunn**


Carpool Lanes into Toll Lane, Will It Help The Congestion ?

The Federal Government have offered $213 Million dollars to Los Angeles‘ Transportion Department which is called MTA (Metropolitan Transportation Authority) ONLY if MTA wants to convert some carpool lanes into the toll lanes in 3 of most busiest freeways which are I-10, I-210, and I-110.  Will the congestion pricing help to reduce the congestion ? Sure it will discourage the motorists from using the toll lane which results the worsening congrestion in general purpose lanes as it already happened at Orange County and their CA-91 freeway that is equipped with 2 lanes (3 lanes in some streaches) toll lanes which already have resulted bumper-to-bumper traffic just like if its general purpose traffic congestion!  My question is that, why do you want to waste the money if it only save you probably 15 to 20 minutes from the commute if its $10 for a 10 mile toll at the peak times ?  I find it ridicious! What will really reduce the strain in the traffic congestion is to really invest into the mass transit, I mean, really heavily aggressively invest into it and grow the mass transit network to everywhere where the people needs to go including LAX (LAX does not have the reliable high speed mass transit at this moment of typing the post.)  Having high speed mass transit will help, take a look at New York City, Chicago, they are moving really well because they have highly reliable mass transit unlike Los Angeles.  So, the mass transit is deseperately needed, not just buses alone, I mean we need subways, el-trains, high speed rails, more light rails.


Another Reason Why Clinton IS NOT FOR PRESIDENT

She tends to have her husband to defend for her…what kind of leader that is so weak that needs somebody else to stand up for the potential leader so often ?  That shows big weakness, that means that President Clintion will be assuming the presidency once again in the background as this pattern implies as the President Clinton have been defending her wife so often.  Hmm.  Do not vote Democrats!

http://www.cnn.com/2008/POLITICS/04/11/clinton.bosnia/index.html


American Airline Cancels More Flights

Inspectors inspecting aircraft More than thousands of passengers are being stranded at the originating airport leaving them no where to go as more than 1000 flights have been cancelled for the inspections for wiring and cracks. What will happen to the future of the airline industry as the quality of service continues to decline ? No passengers want to be packed like sardines as the airlines have been adding more sets which gives you lesser leg room. For those of you who works in the airline industry, get your act together or you will never see the profit ever again. If you want the quality of service, go to the little pricey companies like JetBlue, or AirTran instead of those largest carriers.

**Photo taken by its respective LA Times Photographer**


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