Monday, September 21, 2009

Barack Obama's victory in the last elections signified that we can live anywhere,move anywhere and work anywhere. Although only former two can be thought as being fulfilled .America has done what has been long expected from them,they choose for the change .But after 6-7 months into office he seems to have forgotten the reasons for he being chosen over Republicans .Republicans were not able to gauge the coming boon in the form of sub-prime mortgage as they were busy fighting a losing war in Afghanistan and were consoling themselves with winning in Iraq although with huge losses .The problem with Obama is that he becoming too emotional after his landslide victory that he is trying to do something for those who had made him chosen him .But he has forgotten to see  the long term implications of his actions .By protecting American jobs with his protectionist policies he is blackmailing the very institutions and industries he intends to protect from bankruptcy .Every one knows that big industries need highly skilled workers with minimum wages to maximize profits .But with strings that the Obama Govt. had attached to give stimulus to the industry majors, I doubt whether the stimulus will work .Obama should understand one thing that by creating jobs for American and shielding them from more skilled workers from Asia, Africa and elsewhere , he is just crippling the margins that companies in these times of recession need .To be contd.......