Only 70 days left!
It’s been exactly one week and one day since Sen. Obama was named our new President-elect and the heads of the media, government and free-world are already spinning.
Economically, Obama has started to make plans for another stimulus package, this time with more money that will be directed to specific organizations and unions, but this may not be soon enough.
On the international front especially with China, trade relations among the U.S and China remain worrisome and some people think Obama’s campaign promise to impose more regulations on imports is not a good idea, especially with the U.S.’s continuing failing economy.
“Four years is going to be a really short time and the U.S. is financing three wars, plus the global economy,” said Chen Yong, University of California, economic student.
Yong thinks trade relations between the U.S. and China are already on shaky grounds and with China’s new $586 billion bailout, their countries economy is going to get out of this economic slope faster that the U.S., which could mean more trouble for the U.S.
“If Obama, puts high tariffs (more regulations on imports) on China, then we are putting a limitation on one of the biggest trade partners and that will further ruin the economy,” said Yong.
It seems as though people all over the world are genuinely worried about what new changes he will make in the White House, and after these last eight-year we should be.
We already know who he has designated as his Chief of Staff, (a well known Chicago politician and Congressman, Raum Emmanuel) and we also know his right-hand man, David Axelrod, will be given all the keys to the White House, and with his history, there lies more controversy.
Another issue (not policy oriented) is the kinds of people he will be begin to surround himself with, such as the 10-plus political democrats from Chicago, and whether those people have enough experience outside of being his friends to help him lead the country.
While it would be great to be able to foresee the future, I for one am glad that I cannot, because if I could I would not have enjoyed being there the day Obama was elected president.
It will take a long time to clean up the eight-year mess Bush made and I want to give Obama the benefit of the doubt, contrary to popular belief in my eyes he is not the messiah.
3 years ago