Wednesday, January 29, 2003
130
I watched Bush’s State of the Union speech over the net las night and I must say, Bush is a really good orator.
During the speech, he spoke about reducing the tax, a typical Republican decision since they always think that the American is on the left side of the Laffer Curve. I don’t have too much knowledge in economics but throughout history, there is no prove that the Laffer Curve exists although the idea seems acceptable. Reagan tried it but nothing happened. Bush is trying it and I with skepticism say the government revenue will not go up. Yet, tax cut is good. We all love tax cut huh?
What made me lift my eyebrow was Bush push for hydrogen-powered vehicle. He reason was this push will help the United States to be less dependent on the foreign oil-producing nations. For the first time, I think Bush is doing the right thing.
Another environmental related issue was Bush drive to cut power plants emission up to 75%. Now, this is a little bit manipulative. 75% is a huge number and no doubt, it is good. However, 75% cut on power plants is different from trying to cut even 10% of the polluting industries emission.
All in all, these steps are not enough. The push for hydrogen-powered vehicle is a noble effort but the technology won’t reach the public in mass number within a few short years. It would be well beyond 2010 before this hybrid technology is widely used. Furthermore, with Bush on the top, it is doubtful he will not bend to the oil companies demands (e.g. S.U.V. stuffs).
In the speech, he also touched about Medicare. He wants the rising medical cost to be cut down by releasing the doctors from liability. In other words, he tries to prevent the doctors from being sued unfairly. Another good thing but the Democrats don’t like it (I think).
On international affair, he mentioned about the Palestine struggled and he said he is on the PLO side. Israel is going to love that.
He also touched a few other things but he tarried on Iraq. One think is clear though, it is war for oil. Bush himself said he will not let an aggressive enemy occupy a strategic and rich region to threaten the United States. No more speculation. It is official that it is war for oil.
Well, it’s a pity but we will see another oil-rich territory fall into the hand of the oil megalomaniacs. After that, Bush has won the war. Sigh…
Wait a minute, isn’t State of the Union is supposed to be about state of the Union instead of promises?
I watched Bush’s State of the Union speech over the net las night and I must say, Bush is a really good orator.
During the speech, he spoke about reducing the tax, a typical Republican decision since they always think that the American is on the left side of the Laffer Curve. I don’t have too much knowledge in economics but throughout history, there is no prove that the Laffer Curve exists although the idea seems acceptable. Reagan tried it but nothing happened. Bush is trying it and I with skepticism say the government revenue will not go up. Yet, tax cut is good. We all love tax cut huh?
What made me lift my eyebrow was Bush push for hydrogen-powered vehicle. He reason was this push will help the United States to be less dependent on the foreign oil-producing nations. For the first time, I think Bush is doing the right thing.
Another environmental related issue was Bush drive to cut power plants emission up to 75%. Now, this is a little bit manipulative. 75% is a huge number and no doubt, it is good. However, 75% cut on power plants is different from trying to cut even 10% of the polluting industries emission.
All in all, these steps are not enough. The push for hydrogen-powered vehicle is a noble effort but the technology won’t reach the public in mass number within a few short years. It would be well beyond 2010 before this hybrid technology is widely used. Furthermore, with Bush on the top, it is doubtful he will not bend to the oil companies demands (e.g. S.U.V. stuffs).
In the speech, he also touched about Medicare. He wants the rising medical cost to be cut down by releasing the doctors from liability. In other words, he tries to prevent the doctors from being sued unfairly. Another good thing but the Democrats don’t like it (I think).
On international affair, he mentioned about the Palestine struggled and he said he is on the PLO side. Israel is going to love that.
He also touched a few other things but he tarried on Iraq. One think is clear though, it is war for oil. Bush himself said he will not let an aggressive enemy occupy a strategic and rich region to threaten the United States. No more speculation. It is official that it is war for oil.
Well, it’s a pity but we will see another oil-rich territory fall into the hand of the oil megalomaniacs. After that, Bush has won the war. Sigh…
Wait a minute, isn’t State of the Union is supposed to be about state of the Union instead of promises?
