Do you think Obama can improve the current financial situation in US?

Singapore
December 25, 2008 11:31am CST
Barrack Obama has been elected the president of USA. He will be inaugurated on the 20th of January next year. With Obama being the new president, will the financial situation be improved? Some people are confident he will while others criticize him as being inexperience. Share your thoughts...
3 responses
@kellys3ps (3723)
• United States
25 Dec 08
I hope that Obama will be able to help the financial situation, but I think it will take awhile for the economy to improve regardless of who is in office.
• United States
25 Dec 08
No, Obama can't improve it. He doesn't have a magic wand. Time is the most crucial factor in improving economies around the world. Those bailouts happened all over the place and usually it takes 12-14 months to see some progress. It's ridiculous to say that Obama can chance something. But everything bad that will happen he will be kinda guilty for it just because of poor Bush's management.
@chennai_b02 (1735)
• India
25 Dec 08
Not only the US economy is in the hand of Obama.. The entire world's economy is under the hand of Mr. Obama and his further steps in which he is going to take up. Basically the economic policy of the US is not fair, because its a free from everything as for as the private players are concerned.. due to this concerned, the problem what we are facing, if they have some strict rules and regulations for the private players also, then the crises of the economic condition will not be arised.. Due to this libralisations, the private players are play around $50000 and more, that too by a single person.. how it will happened.. if this will happened in the country like india, we can attact the person, in the initial state itself, and we will not bring this type of problem will arise.. and due to this type of libralisations and other leniant, in the name of freedom will make couple of the private (the top most) banks will become in the bad shape now.. Now the entire world is especting and watching the the each and every moment of the new prisident of Mr. Obama.. When ever he took any decision, he supposed to keep the entire world in the mind. We used to tell that US is the very much rich country.. but now the situation is being changed..there too, we can find the unemployment.. most of the companies are sending their employees out.. in thousands.. Hope this situaions will become alright soon.. we pray the god for the same. All the very best, keep postings and enjoy mylot.