arcadiabritt

Political Preview

In Uncategorized on March 12, 2009 at 4:51 am

The Current Conservative Mindset:

So President Obama’s Economic Stimulus Plan was passed? So can somebody tell me why everything is not completely fixed at this point? Wait, now he wants to repeal President Bush’s tax breaks for the wealthy? Well now he’s gone too far. If those hard-working Wall Street executives can’t keep their hard-earned money, well that’s just not fair…no wait, that’s not American. And he wants to end combat operations in Iraq by August, 2010? That’s it I can’t take this anymore. “Honey I’ll be out in the Hot Tub reading Money Magazine…What’s that? Oh of course I’ll be back in to watch the O’Reilly Factor with you.” Jeepers, I haven’t been this upset since I found out that The Colbert Report was actually making fun of me.

For those of you that haven’t been paying attention to the world of politics these last few weeks, allow me to catch you up. First off, President Obama’s economic stimulus plan was passed. He also came out with a new strategy for the wars in Iraq and Afghanistan and is being attacked from both sides for either dong too much or too little with his plans. And to top it all of,f he lifted the ban on using Stem Cells for medical research. Not bad for somebody who hasn’t even been president for three months yet.

But unfortunately for President Obama, time is not on his side. Americans are sick of hearing about the terrible state of the economy. Trust us, we know it is bad. At this point we just want some good news, any good news. But sadly, I have none of that to give.

Lately I was thinking about the state of global economics and what it means to America. It is no secret that America is in a lot of debt, nearly $11 trillion to be more exact. A lot of this debt is in foreign holding in countries like China and Japan that invest in America. The reason they invest in our country is because we generally make money. In fact, countries were so intertwined with us that investment banks failed across the world because they had holdings in our housing market. But now that America is not so profitable anymore, what exactly is keeping everything afloat?

Like a company in the stock market, investment in America might start to look like less and less of good return. And that means we might start to see our global stock begin to fall. For years America has been the reigning economic superpower in the world, but suddenly we don’t seem so mighty any more. And the bigger they are, the harder they fall. So if America’s economy continues to fall this will not only have obvious repercussions for Americans but for the rest of the world that invests in our economy to make money. Now I’m no economist, but couldn’t this lead to a global recession of some sort?

Well, it’s best not to think about it too much, I suppose. After all these are just some passing thoughts of somebody who probably pays too much to politics. So don’t let it get to you, go have fun on spring break…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: