Jump to content
Snow?
Local
Radar
Cold?
  • entries
    9
  • comments
    4
  • views
    9,276

Will The Obama Bubble Be Burst By The State Of The Economy


frozencanals

323 views

I've seen so much support for Obama both before and after the election, though when people ask me what I think I am really not sure. The USA was in need of a change of direction, and he was the only option, after two terms of Bush & Co. But what sort of a USA are we going to get now, with a world in recession, I for one am not going to make any predictions one way or the other. Obama could become a great world leader or things could all go horribly wrong the USA. To be honest it would not be all his own doing if it did go wrong, he does not have the greatest inheritance, rather like the Tories or who ever wins the next election here in the UK, it is all going to take time and pain to unravel.



The world is going to have to face up to some hard times, those of us approaching our 50[sup]th[/sup] birthdays will remember the 70s and 80s, power cuts, the miners strikes, the 4 day week and every other week another big business closing down. I am not saying we are going back to those dark days but it is time some reality set in to our spend spend spend money we do not have economy.



The mini recession of the early 90s taught me most of my economic lessons, and I chopped up all but one of my credit cards, and that is paid off each month. I moved house to have a smaller mortgage and now live generally within my means, if I can't pay cash for it I can't have it, I think this will be a lesson may thousands of people are about to learn and probably a few countries too...



I hope Obama can make a go of it but I for one am going to wait and see




Good luck to everyone over the next 18 months we are going to need it...

0 Comments


Recommended Comments

There are no comments to display.

×
×
  • Create New...