brace yourself -- the next few years under Obama will be recorded by generations hence as massive failure:
not only will Obama have failed to do anything about outsourcing, the job situation in the USA will grow even more dismal:
Temp work covers up depth of unemployment
Adding in discouraged, part-time employees almost doubles national rate
Temp work covers up depth of unemployment - Stocks & economy- msnbc.com
Future of outsourcing continues to be bright: Young
AHMEDABAD:
At a time US president Barack Obama has proposed changes in tax laws to curb outsourcing, visiting US economist to India Douglas J Young termed it as politics and said that future of outsourcing continues to be bright. (emphasis added)
Future of outsourcing continues to be bright: Young- ITeS-Infotech-The Economic Times
who believes those campaign promises, anyway?
continued unemployment and inflation? wasn't that what was seen under Carter? (I'll refrain from making the comparison to Carter)
The Fed also risks falling into a vicious cycle as it serves as the buyer of last resort for U.S. Treasury debt. As rate pressure rises, the Fed has to buy more Treasuries to prop up prices and keep a lid on long-term interest rates. To pay for those Treasuries, the central bank issues more Federal Reserve notes, aka cash. That extra cash increases the risk of inflation, and the cycle continues.
Rising rates could threaten recovery - Eye on the Economy
ah! but what about socialized medicine you say?
well to get that implemented Obama has to use his superb political savvy.
what political savvy, you say? well, good question:
any hope for bipartisan consensus on health care rests on an alliance between Grassley and Finance Committee Chairman Max Baucus, D-Mont.
Obama's increased involvement appears to be diminishing chances for bipartisanship, not improving them. Grassley and other Republicans were also angered when Obama released a letter last week coming down strongly in favor of a new public insurance plan.
GOP senator irked at Obama over health care - Capitol Hill
well there's always foreign policy.
Obama has a natural way with Muslims (go figure), and the terrorists love him.
unfortunately, pretty speeches will not do the job -- certain definite action and success in his stated aims will.
but, we are dealing with Obama, and his track record and the Middle East; ah, the Middle East! does Obama really think he can put a brake on the trajectory those people are in, given the force and momentum of their history?
he will have to:
But what many in the Muslim world will be waiting to see is whether Obama delivers on expectations of a tougher U.S. stance toward Israel.
"If the Israelis continue with settlement activity and defiance and President Obama does nothing, the repercussions will be major," said Saeb Erekat, an aide to Western-backed Palestinian President Mahmoud Abbas. "We're at a crossroads."
While seemingly tougher on Israel than his predecessor George W. Bush, Obama has not said what, if any, action would take if Israel defies him on settlements. He also has made clear that he is not dramatically revising the fundamentals of past U.S. policy.
Militants respond positively to Obama speech - Mideast/N. Africa
realistically, though, what are the chances?
just making a pretty assertion, while enough for his left coast constituency, is not going to be enough in the ancient lands of the Middle East.
wow! look at the news sources of just one day!