OBAMA'S INHERITANCE.

It is a heavy one.

Americans are watching history in the making at first hand, when a plot to denigrate the efforts of a young government to push its faulting economy out of the doldrums of the past few years, is being unleashed by its opponents.

Those efforts are being trampled under foot right before our eyes, and they are being thwarted with political intrigue from the government's opponents and detractors, who are managing to woo support of the average person to condemn what has started with so much promise for America, through the election of the first African American as president of the United States.

He has been given the reins of government in a decade within which have been tragedies, like Hurricane Katrina and its aftermath that has drained the coffers of the federal government; as well as the cost of two wars against terrorism, which must be paid for with the blood, sweat and tears of ordinary men and women in the military forces, has been laid on his shoulders.

His inheritance has been tremendous, and so his government must find ways to grapple with each issue and bring life to normalcy again for all citizens, by opting for a strong economy and to offer employment to anyone that can work.

Al Qaeda, the organization, which has claimed responsibility for the September 11th, 2001 attacks on mainland United States, is still a threat to U.S. national security; and now the Taliban, another group of Islamic fundamentalists, has joined in to make the world a more dangerous place.

With those wars and the normal financial constraints of America around the globe, in the form of military bases and diplomatic commitments, which have skyrocketed to put the nation's fiscal spending beyond its means, for it to borrow from debtor countries and cause the government to be in the throes a huge debt, have therefore not been accidental.

Spending, spending, spending; that is the outcry of the the government's adversaries, but they do not tell you where the money goes. It goes to pay for your security and peace of mind; and for you to be free to live as an American.

The circumstances have been real and they have been passed to him. He has inherited a heavy burden.

If the above statements do not describe President Barack Obama's administration, then nobody knows what they are. However, many will think that they do point to it.

Yet, he is not receiving any help from politicians in the Congress of the United States, who are creating difficulties for him to fail.

The case in point is the recent crisis that has come from nowhere in regard to the raising of the debt ceiling for the government to meet its financial obligations. The process has ordinarily been simple in the past, and the government has proceeded without a deadlock.

Politicians have been able to turn it into a circus, and they have almost caused the government to default for the first time in history.

That has given way for investors to panic, and to promulgate fear all over the world; thus creating an atmosphere to warrant Standard and Poor's Investments, a credit rating company, to downgrade America's high status of AAA to AA+.

They have been warned of the consequences of their actions; but members of the Republican Party have delayed the debt limit process to make the world financial markets to become despondent. Hence the monetary tumult we are witnessing today.

Wall Street has been seen as a dumping ground for traders, who will make the Dow Jones Averages to fall to abysmal figures. The economy is in shambles, and nobody seems to know what to do.

The most fearful thing about it all is that, they are turning around and pointing fingers at the president as the one who has manifested the crisis with his economic policies.

However, many Americans will know better, when the time comes. They will express their views in no uncertain terms to instill in the minds of politicians that they (Americans) are no fools; for they are certain of who the real perpetrators of the economic troubles are.

Comments 2 comments

American Romance profile image

American Romance 5 years ago from America

...yes we know who they are! Started with a giant push by my president Bush, then got seriously ugly over the past 3 years soley because of Obama! This man has destroyed America single handedly!..............time for him to go!


American View profile image

American View 5 years ago from Plano, Texas

"The case in point is the recent crisis that has come from nowhere in regard to the raising of the debt ceiling for the government to meet its financial obligations"

I know you do not believe this came out of nowhere. If you truly do, you need to take off the blinders. First, raising the debt limit has gone on for to many administrations. This should have been dealt with many years ago. We shouls have reelad in spending way back them. But each President allowed Congress to spend and each President had an I dea that also contributed to the debt. THe problem is that in the last 2 1/2 years spending has increased at at unsubstainable pace. So yes, we must cut spending. What ticks me off is that no one will make the cuts where they are needed. Everyone says cut the DOD, Medicare, Medicaid, SS. Facts are, in another hub I showed how we can make major cuts, and I only looked at 3 items in the budget, I did not tough SS, Medicare, Medicaid, or the DOD. I also outline a plan to more than double revenues.

Now in all fairness, it is true Obama inherited a debt and a slowing economy from Bush. But in 2 1/2 years Obama has added the same amount to the national debt as Bush did in 8 years, and Bush had many more disasters to pay for than you mentioned and Obama has only had a few. None on the scale of 911, Katrina, the 12 other hurricanes that hit Florida, the 3 that hit Texas, the 4 others that hit Alabama, Mississippi, the large number of wildfires, floodings and tornados. All of those incidents are not in a budget and create additional spending which in turn create debt. And that not even mentioning Irag or Afghanistan.

Bush paid for all that by creating an additional $4trillion in national debt. Our current administration has not faced anything near that amount of tragedies, but has created more national debt than Bush did.

Time for a change

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