Why Obama will burn and why recession will last a bloodied decade! [sourced from B&E archives; December 11, 2008]
With the dust over the astounding, but expected victory of the Democrat Presidential candidate Barack Obama settling down, it’s now time for some introspection and rough calculations. In retrospect, nothing could have been better than to see the backs of Bush and his fanatically non-bipartisan group. And of course, in Obama, it’s not just the common American, but the world too at large, which sees a messiah who is out there to salvage the world from the predicament that Bush and his coterie have speciously cultivated. Although it is assumed – perhaps correctly so – that despite global endearment, almost all of Obama’s initial policies, quite like Bush, will be focused purely on consolidating US interests, one also has to understand that if the US bounces back, the chances of the world rebounding in the American wake increase magnanimously.
As the cliché goes, easier said than done. Here, in our analysis, we analyse two Obama fronts – corporate policy and foreign policy. First the evident. Obama has been making quite a bit of noise about restricting the outsourcing business to countries like India. This did make unemployed Americans happy and did succeed in rattling many a nerve in India. Restricting the outsourcing of state departments is fine, but forcing American multinationals to do that? Damned if he can! Especially as the cost saving for American companies is almost 90% when they outsource!
On the second point lies Obama’s foreign policy! Let’s consider Iran. For the last few years, the world has been on tenterhooks with renewed threats from the US of an Iraq-like invasion of Iran for its nuclear activities and its attempts at enriching uranium, reciprocated by an equally belligerent Iran [or rather, the perennial loose cannon Ahmedinejad] daring the US to carry it out. Adding to that, the Indo-US nuclear deal has further complicated the matter as Iran is terming the whole ‘thing’ as being discriminatory. Surprisingly, the Iran-Libya Sanctions Act, the precursor to the present Iran Sanctions Act, was actually enacted in 1995, during Clinton’s regime. It is highly unlikely that another Democratic President would do away with that. At the same time, for quite sometime now, Obama has been making a lot of noise about America’s pullout from Iraq.
With the dust over the astounding, but expected victory of the Democrat Presidential candidate Barack Obama settling down, it’s now time for some introspection and rough calculations. In retrospect, nothing could have been better than to see the backs of Bush and his fanatically non-bipartisan group. And of course, in Obama, it’s not just the common American, but the world too at large, which sees a messiah who is out there to salvage the world from the predicament that Bush and his coterie have speciously cultivated. Although it is assumed – perhaps correctly so – that despite global endearment, almost all of Obama’s initial policies, quite like Bush, will be focused purely on consolidating US interests, one also has to understand that if the US bounces back, the chances of the world rebounding in the American wake increase magnanimously.
As the cliché goes, easier said than done. Here, in our analysis, we analyse two Obama fronts – corporate policy and foreign policy. First the evident. Obama has been making quite a bit of noise about restricting the outsourcing business to countries like India. This did make unemployed Americans happy and did succeed in rattling many a nerve in India. Restricting the outsourcing of state departments is fine, but forcing American multinationals to do that? Damned if he can! Especially as the cost saving for American companies is almost 90% when they outsource!
On the second point lies Obama’s foreign policy! Let’s consider Iran. For the last few years, the world has been on tenterhooks with renewed threats from the US of an Iraq-like invasion of Iran for its nuclear activities and its attempts at enriching uranium, reciprocated by an equally belligerent Iran [or rather, the perennial loose cannon Ahmedinejad] daring the US to carry it out. Adding to that, the Indo-US nuclear deal has further complicated the matter as Iran is terming the whole ‘thing’ as being discriminatory. Surprisingly, the Iran-Libya Sanctions Act, the precursor to the present Iran Sanctions Act, was actually enacted in 1995, during Clinton’s regime. It is highly unlikely that another Democratic President would do away with that. At the same time, for quite sometime now, Obama has been making a lot of noise about America’s pullout from Iraq.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
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