Friday, November 21, 2008
The Political Climate is "Changing"
So, Obama is our next president. Indeed, this will be an interesting four years. So, what exactly can Obama do that will change the way things are going right now? This economic crisis is affecting everyone right now and I know many companies are laying people off, cutting salaries, and even suspending certain projects. How will Obama fix this mess? Well, to put it lightly I don't think the market has adjusted yet to the idea of a president-elect Obama. It can't go unnoticed that he is America's first African-American president, which is a great thing. I like Obama. I think he is an eloquent speaker and a man of integrity, yet I question some of his judgments. The shift from republican to democrat back to republican administrations is well known. This is what happens when the public is discontent with an administration's policies, they shift teams to see if the other side can fix the problems the current side has neglected. Remember Jimmy Carter? Remember how he was such an insignificant president? Well, I think Obama is going to be the exact same. People are enthralled by Obama's populist message, yet they don't know what to expect except this buzzword of "change". The Dow is looking bleak, foreclosures are occurring at rates never seen before, the American public is questioning the future of our great country because of mistakes made by past administrations, and the integrity of hands-off economy is being threatened by all of these bailouts. Where does it all end? It's not all Bush's fault. I think we'd like to say it is, but it's not. He, of course, had a great impact, but Clinton and Bush, Sr. both are at fault as well. The question is how do we restore America. Could the end of the great superpower of the US be in our immediate future? Possibly. That thought really doesn't worry me too much. I think it's important to note that if the US were to fall to having less political and economic clout, we would still be on equal footing with the other major countries in the world. America is still the greatest country in the world, but we are seeing that it too has faults and crises that call into question the vitality of such a nation. It doesn't look like the "change" everone was expecting is going to be change at all. Obama's bringing in old faces who have been in Washington for a long time. Is this change? Absolutely not. I guess we'll just have to wait to see what happens...until then brace yourselves.
Labels:
bailout,
Bush,
change,
citigroup,
Clinton,
foreclosures,
Obama,
Recession,
US economy
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