ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel


Updated on August 9, 2011

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.


    0 of 8192 characters used
    Post Comment

    • American View profile image

      American View 

      7 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

    • American Romance profile image

      American Romance 

      7 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!


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)