Showing posts with label US financial crisis. Show all posts
Showing posts with label US financial crisis. Show all posts

Tuesday, 14 October 2008

At one moment in history, A black might win

US presidential election is around the corner now. Yesterday talking with a friend, he was firmly sure that outside of the America, Democrates candidate Mr. Obama must beat John McCain and possesses more votes (unfortunately, you and me can't vote!), Only Americans! Inside America, might be a different story (he thinks).

Today, talking with a pure American, his answer wows my attention. Yes, Mr. Obama will win! Let's get a close insight of recent race.

John McCain's financial crisis rescue plan

Both of the parties' presiditial candidates luanched their rescue plans. Republican dandidate John McCain unveiled his economic rescue proposal today which will mostly benefits the older voters.

He underlined that the market decline and value destruction were due to the congress failure and the timely rescue package coming out from the Administration.

John MaCain's chief economic policy adviser said that Mr. McCain's proposal was targeting people who were severely hurt from the financial crisis, such as works, seniors etc.

Huge loss compared with Obama

John McCain's proposal was unveiled a day after his rival, Senator Barack Obama's economic plan launch, the polls indicated that the continuous loss John McCain's votes compared with Barack Obama.

John MaCain has criticized Barack Obama for his proposal indeed will raise tax cut instead of reducing tax cut for American families.

Sunday, 12 October 2008

Ideology revolution after Western financial crisis?

Various media outlets around the globe, such as newspapers, Internet, radios are expressing far-east citizens' concerns about the current financial crisis, which might cause the newly ideological transformation in our 21st century.

After world depression

During the inter-war period in 1930s, the financial depression and economic downturn severely led the occurence of extremist ideological movement, such Fascism, Nazism, and communism, all of these kinds of ideologies flourished into the different continents.

End of US age?

Today, cities such as Washington, London suffered the huge loss due to it's financial crisis, and does it mean the market economy truly can regulate itself? As the westerner always said for years of its advantage.

It's undoubtedly that many people would argue that the western economic policymakers should adjust its own policy in order to hinder such turmoil, and does the US financial crisis wil signal "the end of US age"?

It seems impossible to deny that China with its anthoritarian capitalism has succeeded in competing with the US's market capitalism.

Blaming of Bush administration

Bush administration and its military staff should be taking the main responsibility for current economic downturn and political setbacks on the world stage, according to an Syrian, countries, especially the major ones, which supported the Bush administration in its wars and policies also bear great responsibilty.