Tuesday, November 25, 2008

"Obamanomics"

I really concerned about our economic crisis we're facing in our country right now. I'm afraid things will get worse and worse if we don't take the right action to this problem. I can see that our new president is trying to make things better. I'm glad that he hasn't raised the tax until now, and I think that's a good sign, but he still needs to come out with a smart plan of how we handle this financial crisis. From what I read in NRO, Larry Kudlow stated that the wish list of Democratic spending initiatives includes short-term tax rebates, massive new transportation bills, even more education money, exotic green-technology spending, a big-government embrace of health care, and heaps of cash for UAW-Detroit carmakers won't stimulate economic growth. We need some investments and better plan than that. This is the best time for President Obama to prove to America and the world that he's the right man to be US president and not McCain. We choose him because we put hope in him that he can lead us out of this problem. Things get really hard in my country since this recession also affect my country's economy. The rate of US dollar currency in Rupiah(Indonesian's currency) are getting really high and it's very hard for my parents to pay my living cost and tuition fee here. world has to endure the consequences of the mess that US government has made in the past. So, I really hope that Bush and Obama can work this thing out together for the sake of this country and the world.

1 comment:

aznwildman said...

This is the best time for the new President-elect Obama to establish his credibility and develop a prosperous plan that will awaken the American and global economy. Also, there are other presidents have faced economic challenges, such as Roosevelt, Truman, and Reagan. Our main focus is the economy because that affects the circulation of money, the base value of money, the abundance of money, and the portion that comes our way. With the recent economic activity, our markets are fluctuating and our citizens are devastated by the mere thought of another depression. At the same time, Obama can capitalize on the current economic crisis to exert his capability to handle the duties of office. Obama might even win re-election if he can solve the current economic crisis because Truman and Roosevelt held office the following term, except Reagan resigned due to the Watergate incidence. This first step will determine how effective Obama will be.