By the time I am typing this blog post, the US election results are well announced and "Mr. President" title appears to stay again with Mr.Barack Obama. There was huge backlash on him losing the people's favourite @ Popularity votes but winning through the age old, red tapist electoral college votes. Likes of publicity man, Mr.Donald J Trump, have openly called out for a Revolution.
May be he is having a point and I guess some of these reasons why Obama should NOT have been re-elected again
Reason#3 goes to...
May be he is having a point and I guess some of these reasons why Obama should NOT have been re-elected again
Reason#3 goes to...
Reason#3: Keystone pipeline rejection: While Obama has slowed drilling on public land and increased regulatory uncertainty in the energy sector, he also refused to approve the low cost energy producing Keystone pipeline project. This would mean that he is having another 4 year terms to reject such low cost energy production venues which is a bad news.
Reason #2: ObamaCare: With such level of opposiition for the Obama Health Care plan, President Obama had to ram it far reaching health care legislation through Congress using legislative reconciliation rather than compromise. This also shows him as one who has failed to produce any significant bipartisan compromises over his four year tenure. Success in the private sector demands compromise. Competition defeats excuses.
Top Reason#1 is:
During the Bust or slow down timing, it is quite natural that Government controls with such externality factors to control the slow down or upcoming recessions. So with the Federal Government Spending increased initially, the results were positive with the temporary spike in the GDP. However, 4 years is NO longer consider a short term measure and America iss still in crisis mode. Worst of all, Obama is NOT an advisor to cut the Federal spendings. From the time he sworn in, it was 20% of GDP and has raised to 24% of GDP today.
Federal government spending has risen from 20% of GDP in 2007 to an unprecedented 24% today. While increases in government spending might temporarily boast GDP in the short run, in the long run reductions in private sector spending offset increases in government spending. Look at Europe.
Belief in the possibility of a short-term rebound has definitely faded. And America is currently in need of sustainable increases in growth. Private sector growth will benefit from moderation in public sector spending.
However, people find President Obama has vehemently opposed spending cuts at every turn. He opposed Simpson- Bowles and fought spending cuts in the debt ceiling negotiations. That's consistent with his goal of increasing, rather than reducing, government spending on behalf of his constituents.
With these reasons in mind, are you in line with why I believe Obama should NOT have been re-elected again, huh??
0 comments:
Post a Comment
Please let me know your inputs/feedback on this blog post: