Obama's Economic Policies: Mid-term verdict?
US Midtern Elections; Verdict on Obama?
Many political commentators have called the mid-term election results a defeat for Obama and his policies; I happen to disagree with that contention. I think the victory the Republicans enjoyed is more of a revelation that the US electorate is frightened and scared. The voters are scared and frightened of what the immediate future holds for them, their children, their family member and their neighbors.
People are very concerned that they will wake up tomorrow out of work, living on the street or subsidizing family. This fear leaves Americans acting and thinking in non familiar ways.
The Election results do not show that Americans are rejecting Pesident Obama’s policies, they simply show that people are desperate for a quick fix; the quick fix that will spare them from experiencing the same fortunes as some of their neighbors and friends. What the voters failed to realize is that no matter who they voted into office, the fixes will not be quick.
It is very reasonable to deduce that the policies already set in motion by the Obama administration stand a greater chance of having an impact on the economy, than any policies the Republicans will try to introduce into the economy in the very near future. When you are anxious however, it is tough to do this deduction.
Another thing that people fail to realize is that Obama is firmly entrenched for two more years, and you do not get any economic growth by saddling a sitting president with an oppositional, contrary congressional majority. This is no way to improve economic outlook.
This election. contrary to published reports is not a defeat for Obama and the democrats, but instead a defeat for the momentum of econamic recovery. The US electorate was willing to give George Bush eight years to butcher the economy, but they are unwilling to give Obama four. You could say that we learned our lesson from Bush, and we never want to burned for that long again, or you can evoke the double standard.
I however choose to evoke fear; my fellow Americans are anxious and nervous, and it shows. I will like to remind us all of the sacrifice, patience and ternacity of the greatest generation, the civil rights movvement and the depression era Americans.
Only a patient and deliberate resolve built around sound policies will bring our economy back to its pre-eminent pre-Iraq war status. Obama and his economic advisers have such a plan. We Americans need to give Obama’s economic plans the time it needs to yeild results. This economy was wrecked in Eight years, and it will take about the same to right it. We cannot return a building under reconstruction to the wrecking ball and it’s operators.