Depression Hits Stock Market Again The Keynesian economists failed yet again and still they are adamant enough to assert that economy will bounce back. The truth is the whole world is about to be entrapped in the fog of yet another depression. So what happened to the mighty economic stimulus that was offered by the U.S Government to save American market? Every sane person opposed the move of Barack Obama to bail out those faulty banks and automobiles companies which were at the verge of sinking down, yet he thought he will save the United States and the world against the economic bursts that defied the fake economic boom in global markets. Now the conditions are more adverse, the American government is facing dangers of defaulting and it needs help from other economies to bail it out. Right after the Barack Obama succeeded in increasing the national debt ceiling, Standard & Poor’s decided to downgrade the rating for US debt from AAA to AA. American economy faced another jolt when the Chinese government criticized US economy and said that the “good old days” of borrowing were over. However, it is not the crisis of United States alone. Every part of …Read the Rest
Tag: Barack Obama
America is Socialist under President Obama
A socialist regime under the leadership of a tyrannical communistic leader is represented by scarcity, lack of civil liberties, economic disasters, corruption, irresponsible fiscal policies, police control, increasing military power and willingness to strike against other nations. A socialist regime typically represents a leader who keeps trying to increase his power to control, rule and dominate citizens in every possible way. In 2008, President Obama emerged as the ray of hope for the people of the United States who were expecting a major change in governance. He rode upon the slogans of ‘Yes, We Can,’ making people believe that the glorious days of America as the strongest, just and loved nation will come back. President Barack Obama had to tackle some basic problems. The most important was the issue of ever-increasing national debt and the impending recession. It was necessary for the U.S government to reduce its spending. Yet, Obama decided to prepare central planning for universal health care system. He wanted to improve the deteriorating health sector of America which was already suffering the burdens of Medicare and national health insurance. According to the Health and Human Services of the United States, national health expenditures per individual were $7,845 …Read the Rest
Drones, Donation and Terrorism
Last week on July 13th, the government of United States announced a severe $800 million delay in military assistance to Pakistan, the army in Afghanistan activated another set of controversial air bombing campaign with the help of remotely controlled Drone attacks on Pakistan that resulted in killing of 45 suspected militants. Yes, they were suspected, there is no proof, no hearing no identification whether the victims were really terrorists or were they poor innocent citizens of Pakistan. It was the same day when Mumbai faced another severe terrorist attack as three serial bomb blasts killed at least 25 people, and those people were certainly innocent. While innocent people were killed on both sides of the border, the politicians of India and Pakistan also continued their part of drama and then joined Hillary Clinton to rich taste in this multi-billion dollar drama that surely demands sacrifice of blood of innocent people of India and Pakistan. The cut in monetary and military help for Pakistan was meant to increase pressure of the United States of America on Pakistan and its defense and intelligence agencies. The idea was to force Pakistan to blindly agree and execute the plans and strategies of CIA and …Read the Rest
