Obama Inherits Bad Legacy
Washington – 14.01.09 – President elect Barrack Obama may have to start in office inheriting the bad legacy left behind by the Bush administration.
When the new President assumes office on January 20th, he will have two unfinished wars, deep economic recession, and budget deficits mounting to US $1 trillion to cope with. The tarnished image of the country abroad does is no help for him either.
Political analysts believe that this is the worst legacy left behind by an outgoing president for an incoming one since Herbert Hoover left one for President Franklin Roosevelt with the great depression.
Despite the expectation of Bush loyalists that history will adopt a kinder view about his legacies, debate is already on whether the Bush legacy is even worse compared to the ever worst legacies left by Herbert Hoover, James Buchanan, and Warren Harding.
“Can anyone really doubt that this was an abysmal presidency?” said Political Scientist Shirley Anne Warshaw of the Gettysburg College in Pennsylvania. “All that’s left to sort out now is just how far down the list he goes.”
Worst financial crisis that hit America in the last 80 years and the lowest approval ratings for any president at under 30% makes Bush a strong candidate to be named as the worst president ever.
The huge support he won on the wake of the September 11th attacks in the year 2001 has waned since long. The Unpopular Iraq war, inept response to the Hurricane Katrina as well as the meltdown at Wall Street has put the White House under shadows. The 16-year high unemployment scenario makes the situation look even worse.
Only saving grace was that “We haven’t had another attack in seven years,” spokeswoman for White House Dana Perino said. “And that matters.”
Overseas impression about Bush administration was reflected in the hurling of shoes on him by the angry Iraqi journalist. At the same time the nuclear standoff with Iran could be one of the greatest challenges faced by Obama. Resurgence of Taliban in Afghanistan is another issue while Osama bin Laden is yet to be captured or killed.
And above all, the Israeli attack on the Gaza Strip was the last nail in the coffin for the Bush Administration and a thorn in the neck for the upcoming Obama regime.
Automaker industry will challenge Obama’s economic resolve skills
Barack Obama has warned the auto industry not to take undue advantage of the lifeline thrown at them by the government in these difficult economic times. The government has promised to support struggling auto industries with billions of dollars so as to help them get out of the economic quicksand.
If the struggling auto industries declare sudden bankruptcy the economy would further suffer in the long run. Understanding the importance of keeping the auto industry alive the government has pledged to help them out with their finances. The new bailout program will give Barack Obama the chance to jolt the industry back to life while at the same time it will test his resolve.
The newly elected president is all set to take over office in 2009. Barack Obama has been very vocal about his concerns regarding the American automobile industry since well before he was elected as president. During his time in service as the United States senator Barak Obama had sponsored two bills for the automobile industry. One of these was concerning the fuel economy standards and the other was to encourage the widespread use of alternative fuels.
Barack Obama has written and spoken aloud about the future of the automobile industry. His efforts in this direction show that he has a keen interest finding solutions and upgrading the technology especially related to fuel efficiency.
The current financial mess that the country is in is going to place major hurdles in the new President’s way as he tries to resolve the issues of the automobile industry. He has long been voicing his plans but will be forced to compromise on them due to the current financial state. The newly elected president will have to balance out the resolutions as a lot of effort is required to stabilize the broader economy as well.
The President was voted in with the help and support of the United Automobile Workers Union. Now the Union would want to have a say in the proposed changes and their execution. Mr. Obama is an environmentalist and that is where his interest in the automobile industry springs. He faces a tough challenge up ahead and all eyes will be on him as he tries to balance out this difficult situation.