I have been taking a careful look at the political landscape in both the United Kingdom and the United States viz-a-viz what they hope to achieve within the ambit of limited economic resources,and to tell the truth it does not look promising.
Mr Obama has been in office for a little over twenty-four months and as much as it seem that he has been able to achieve on the political front the economic reality of the slow recovery from the recession keeps on staring him and his team of economic advisers in the face. I will give him an A+ for his dogged perseverance though.
Across the Atlantic his friend of the "special relationship" Mr Cameron is having it equally as bad he might have pulled a tiny victory from the bankers this morning by putting a permanent tax that is supposed to raise something within the region of an extra two billion pounds towards cutting the deficit. I would give him and his team of economic advisers an A- in what they have been doing to try and turn the economy around.
But when you look at the signs, they do not bode well for either of them. Mr President and Mr Prime Minister both have increasingly growing unemployment figures every month, evidence shows that growth of both economies are slowing down and no wonder too. With the big brother attitude of having to help bail out everyone else who needed help in the Recession.
The only thing these gentlemen need is every ounce of their ability as statesmen to pool economic and political force and somehow pull off the impossible in the next few months. With Strikes,Protests and Demonstrations about everything from wage freezes to proposed tax cuts the next few months are about to become very very interesting.
No comments:
Post a Comment