China Lawmakers Abolish Term Limits

Jinping: President for Life 

Chinese Parliament recently passed a bill removing term limits on President Xi Jinping allowing him to rule indefinitely. It was a surprised to many because China has played around with Presidents for Life and it has brought consequences in many ways. 

Chairman Mao Zetung ruled China from 1949 to 1975 and it wasn't until Mao's death is when China was finally able to make economic reforms and open the country to foreign investment and create economic growth.

China has had different presidents chosen by the Chinese Communist Party to the lead the country and they had term limits to put checks and balances on power so all the power doesn't vest in one person.

By China making this sudden change can have dire consequences for the country and for its citizens. Xi is not like Mao in the way that he brought famine and millions of people dying of starvation and I believe he is a more pragmatic leader than Mao but he wants to go down in history as the man that brought the "Chinese Dream" a term that has been associated with Xi on creating China into a rich and prosperous society within the socialist realm. 

The Chinese people see themselves as a world power and as a rich and powerful country that has influence on a global scale and they want to exercise that influence around the world even if it means not having real democracy or having limits on absolute power. In many ways it will hurt China's image as a civilized country and as the world's largest economy.

California's Economy Grows Despite Trump's Opposition for Reform

California rivals U.K. as 5th largest economy in the world.

President Trump has been giving press conferences on how jobs are going out of the country and how deregulating would be better for the economy, If that was the case jobs would stay in the country and not close shop and move overseas. California is the largest economy of the United States and the only reason why America has had real GDP growth since the 2008 recession and much of its comes from California's Laws that promotes clean energy, government accountability and protection for undocumented people. 

Gov. Jerry Brown has said that California's success compared to other states is immigration and the influx of skilled labor from countries and the open and tolerate atmosphere which brings immigrants to the state and contributing to the growth of the economy.  

California's borrowing costs is 0.15 lower than the national average for states and has declined just to 0.24 percent points more than the U.S. pays on its debt down from 1.97 percent points since 2013 

No other state has laws that discourage fossil fuels and carbon and promotes the use of clean energy than California. The excellent energy policies and voter preferences is paying off in a big way. 

California is leading the way of creating electric cars by the year 2025. Companies and State Representatives want to make at least half of all the cars in the state to be electric in order to bring down fuel emissions and 100s of the fortune 500 companies are all operating in the state to bring about this green revolution. 

The United States can learn from California especially on how regulation and creating government accountability and being an open society can help fix the ailing the economy of the rest of the country. When there is no regulation and government accountability corporations and companies pretty can get away with anything and the ones paying the bill is the American Taxpayer.