Thursday, June 26, 2008

Why Liberalism is So Popular and Why I Don't Like It

The tenets of the Democratic party are to increase the size of government by increasing taxes. Their ideology is that money spent on government is money well spent. Some Democratic politicians, as was the case with Bill Clinton, are actually economic conservatives. In the case of Clinton, he created NAFTA and decreased welfare spending, both of which were fantastic for the economy.

Barack Obama is an economic leftist. He has already been outspoken about his wishes to increase capital gains tax, income tax rates for those in the highest bracket, and has also hinted at altogether removing the cap on social security taxes. At its core, what Obama is asking the country to do is not too different than the following:

Imagine a farmer is approached by a government official. The government official tells the farmer, “see all those people sitting on the road over there ?” The farmer looks and sees several dozen people sitting on the road just looking around. “After your fields have been harvested, I’m going to come back and take enough of your crops and I’m going to give it to those people sitting on the road.”

The farmer is flabbergasted. “You’re going to feed all those people with my crops? How am I supposed to have any left to sell? How can I pay my workers?” The government official doesn’t seem to think those questions are relevant. He walks away with the promise to come back and collect the crops come harvest season.

Angered, the farmer sits there wondering why he should have to work long, hard days to feed people who are doing nothing in return for him. Then the farmer reaches a realization, “screw ‘em.” He pulls his workers around and tells them that he’s sorry, but he’s going to have to let some of them go. Because of the government official, running the farm is no longer economically viable. Instead, the farmer is going to maintain just enough crops to feed him and his family. After all, no sense in spending time and energy growing the other crops when they’re just going to be taken away from him, right?

Business owners are the farmer in this story and Barack Obama is the government official. What he wants to do, on a much more grander scale than what the government official in the story did, is to take the output of peoples’ production and use it to give to people who are doing nothing.

Not to imply that there aren’t several reasons why Obama (and liberalism altogether, for that matter) are very popular right now, but the reason why Obama appears so popular is by the sheer numbers of people who are "sitting on the road", so to speak. Right now, Barack Obama is a superstar who is benefiting from huge groups of people who love what he is telling them. His message of “Hope” and “Change” is so great that it sounds too good to be true. And guess what? It is!

If this country is foolish enough to elect him President, be prepared for one of the worst economic periods in America’s history. Just like the farmer in the story, there will be many, many hard working capitalists who realize that they have been priced out of being productive. Barack Obama gives people incentive not to work. After all, why bust my butt for another dollar when $.50 of it is going to be taken away from me, right?

The reason why stupid college kids like Obama is because he speaks to their worldview. He makes them feel good and makes them think that it’s okay to be spending their time doing nothing.

Basically what’s happening right now is that the people sitting on the side of the road in the story are growing in number and getting whinier and more complacent. What they don’t realize is that they’re fixing to screw themselves and everyone else over. As soon as they elect an official to go tell the farmer to give them his crops for free, that farmer is going to shut down his production and everyone is going to get what they worked for. Nothing.

A vote for Barack Obama is a vote for a giant kick in the balls to the wealth of this nation.

Thursday, June 12, 2008

2008 WSOP: Trip #2

I'm heading back to Vegas tomorrow morning for another ten days of poker tournaments. Tomorrow, I'll be in the $2,500 Venetian Deep Stack Extravaganza. It should be a really good tournament. They give you 20,000 starting chips and the first level is 25/50. I've had a lot of luck at the Venetian in the past so hopefully I can start this trip off with a bang and reverse the downswing I'm in.

For the duration of this trip, my blog will be hosted at the PokerTips.org Live from the WSOP section.

Wednesday, June 4, 2008

That Didn't Take Long

I haven't even left Vegas yet, and I'm already itching to come back. I bought airfare and will be returning Friday the 13th and staying until Monday the 23rd. Some tournaments at a glance that I'll almost certainly play:

Friday 13: $2,500 Venetian Deep Stack Extravaganza
Monday 16: $2,500 WSOP 6-Max
Thursday 19: $1,500 WSOP NLHE
Friday 20: $1,000 Venetian

I'll be coming out on this trip by myself. I literally plan on doing nothing each day but waking up, going to the tournament, playing until I bust, coming back to the hotel to get some work done, going to bed, rinsing and repeating. Being a machine can be fun in ten day stints.

I'll keep a blog on this trip, but it will almost certainly be maintained through the PokerTips Live from the WSOP section. And for you PokerTippers reading, we have some exciting new content developments that will be launching soon, so stay tuned.

Terrence Chan = Classy Guy

From the PokerNews Live WSOP Updates:

There's a serious situation occurring at the moment. A player in a cash game has collapsed and is lying on the floor. A player in today's event is a doctor and has left the table to try to assist him, and Terrance Chan is trying to get the floor to allow everyone at the table to give that player a walk in his big blind so he won't be penalized for leaving the table to provide medical assistance. We'll try to keep you posted.

It's nice to see poker players not getting too caught up in the greed and ego of the WSOP so much that they forget how to be compassionate.

Terrence Chan's blog.