Image Source : Socialist.net
Change is the key word President Elect Obama capitalized on and Change won him the presidency at the most powerful nation on earth. The American public has been longing for this due to the many worsening problems the country was facing. The wars in Iraq and Afghanistan, the
global economic slowdown, the sub-prime lending market collapse and a country on the verge of recession. Many experts and analysts say the country has been in recession since December 2007 but the government tried and twisted all facts to deny that. After subsequent problems with the financial system, the credit sector and more, they simply had no chance but to officially declare the inevitable, “We are in an economic Recession”. Jobs were lost at the rate of thousands a day and it is expected to get worse as the year turns over.
President Obama has a lot against him entering a problematic
financial system and with the whole world in a state of economic turmoil, he has a lot to work for. Change is inevitable, whether he makes a difference or not is for the American public to decide in the years to come in what would come down in history as his presidency.