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Monday, February 9, 2009

The Economy

I do not have to tell you that the economy is in a disastrous state right now. President Obama finds himself inheriting the country at a time where inaction could prove to be more costly than the Iraq War. Whether Obama is inheriting George Bush's problem or not, the fact remains clear that something has to be done sooner rather than later. As the Democrats and Republicans battled over the stimulus, the only side to suffer was the American people. Democrats argue "we need more" and Republicans argue "that is way too much". Obama ran his campaign on promising the American people more jobs and tax cuts to over 90% of Americans. Now is the time to put all his plans into action. The longer we wait, the more we have at stake to lose. One thing Obama needs to at least moderately improve on, is the production of American exports. Over the last several decades, the United States has increasingly become dependent on imports and this has impacted American business. I am well aware we can not compete with the labor costs in China, but we at least need to infringe upon this devastating transgression. The stimulus should provide some comfort to the weak economy, but even chief economists argue that it would at the very least take one year to have an impact. Where's FDR when you need him?

4 comments:

Anonymous said...

Do not do business with someone as dishonest as Nancy Maddox of Peacock Home Collections. Search Orange County Civil Court to see all the clients who have taken her to court. Quality is awful. Nancy is smooth and will promise the world, but won't or can't deliver. Please, protect yourself and find another decorator.

Anonymous said...

I thin the most recent was more bi partisan and crossed some political lines. Rep's are a little more please, we'll see.

HalfCrazy said...

Well pretty much most countries around the word right now are suffering from the global recession thing. Even in my country, loads of people lose jobs and it's really sad.

I hope this is a 'test' that Obama can pass, I'm sure of it. In the end, everything's gonna be alright.

By the way, I wonder why the gas prices in US costs more than ours. That's measured by liters, right?

Anonymous said...

It is measured by the gallon.