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Post re: US: Obama's Presidency at Six Months (Bienvenido Macario, Philippines/US)
Created by John Eipper on 07/03/09 5:48 AM - re-us-obamas-presidency-at-six-months-bienvenido-macario-philippinesus

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re: US: Obama's Presidency at Six Months (Bienvenido Macario, Philippines/US) (John Eipper, USA, 07/03/09 5:48 am)

Bienvenido Macario writes: In the last six months, Pres. Obama has been trying to accomplish too much too soon. Among them are health care reform, consumer protection in finance reform and immigration reform. And of course he is also trying to stimulate the economy with the $787 billion economic stimulus package signed in February and the auto bailout, both of which didn't seem to work. On foreign policy it seems that the US is going along with whatever has been decided at the UN Security Council or as in the case of Zelaya's ouster in Honduras, whatever the majority of the rest of world says. He gives more importance to the speed by which he could comment on foreign policy matters than its contents. I think this is typical of a newly elected Democrat president. My biggest concern with Pres. Obama is the way he is pushing for several bills without seemingly considering its possible effects on the very fragile economy. Reforms on health care, the financial industry and immigration will cost money that either the private sector will initially shoulder and later pass on to the consumer or borne by the government which will make budget deficit worse. Either way the net effect is inflationary. Alan Greenspan and George Soros both mentioned the danger of inflation. I don't think this is the time to tinker with health care, immigration and finance industry reforms. Fixing the economy should be his first priority. If possible he should send out an RFP (Request for proposal) on say, how to handle bank closures, state budget deficits, the second round of ALT A ARM resets and even on foreign policy alternatives in the Middle East and North Korea. -- For information about the World Association of International Studies (WAIS), and its online publication, the World Affairs Report, read its homepage by simply double-clicking on: http://wais.stanford.edu/ John Eipper, Editor-in-Chief, Adrian College, MI 49221 USA


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