Monday, July 25, 2011

Politics makes no sense in the economy

As much as I try to avoid taking a stand in the randomness of politics, I was appalled by the lack of common sense in politics.


  1. How can Democrats expect a debt limit increase without planning massive budget cuts and expect not to need another debt limit increase in the future?
  2. How can Republicans expect USA to pay for previous lavish spending without a tax increase? (I do agree that it is unfair to tax regular citizens like myself who contributed positively to the economy with hard work and regular contained spending, hence never really contributing to the deficit...)
  3. How is ROI different across currencies?
Actually the motivation of the post was the last one. It was so funny that I could not help myself. With people like these leading the sheep across the world, its not wonder there is only so much chaos. Where my Avril picture when I need it?


Edit: I forgot to plaster this post but since Straits Times removes articles periodically, I decided to do a Print Screen. Fallacies: (1) predictions on CPI is as vague as predicting interest rates (think China and USA) (2) no mentioned of growth period (3) 5% over a few months is not good news either yearly or monthly comparison. Summary: While putting news on a newspaper is important, but when it is filled with unknowns, newspapers do not add value to society, even if it is the national press. Same goes for political entities.

No comments: