Friday, December 12, 2008

Is it planned ?

Following the invasion of U.S on Iraq accusing them of having weapon of mass destruction has created a lot of enormity .Now another attack on another country will be worse and requires more thought since the consequences might be greater. Now the question is whether the plan to attack Iran is going to pull through. Auzy’s post on Attack Iran claims that he believes the president –elect Barrack Obama is going to attack Iran. He says that Barrack Obama, John McCain, and popular media give a definite yes, ‘so long as, they possess weapons of mass destruction or pose an imminent threat to national security.’ Attack on Iran has been long planned. The problem is the U.S have no valid prove of this and should not accuse Iran of supporting terrorist activities without validity or this might end up like the case of Iraq. I agree with Auzy on this, and it could be just a staged plan to start a war and that Obama will only attack when the nations security is threatened
At the outset of Bush's second term, around 2005 Vice President Dick Cheney had something to say. He hinted, in no uncertain terms, that Iran was "right at the top of the list" of the enemies of America, and that Israel would, "be doing the bombing for us." This is without the US military involvement and putting no pressure on them to do it. I ran had issued a threat on Israel and this is why Israel is ready to defend itself first .The USA are using this as a way to involve themselves without having to be blamed on whatever the outcome will be. On The other hand the US has stated that they are ready if the Iran truly proves to be a threat to the US and the world at large if they posses nuclear weapon. It is therefore a duty for our leader to be concerned with the safety of its citizens. U.S. President-elect Barack Obama's administration will offer Israel a ‘nuclear umbrella’ against the threat of a nuclear attack by Iran, as said earlier this week.
This US guarantee to Israel could also be interpreted as the U.S. believing that Iran will eventually acquire nuclear arms. We cannot be sure but we should not be quick to think the US is ready to jump into another war. It is only trying to protect its people. We should also be careful that they do not make the sane mistakes the Bush administration made. I believe the Obama Administration will think things through and whatever decision they may decide will be a smart move.

Monday, December 1, 2008

The US economy

The US economy had been going down in the past years but this year we hit rock bottom. We are then left with the $700Billoin dollar recovery plan that was approved by President George Bush. Well it seems like the money is going up and now its more than the $700 billion recovery plan we had in mind. One is left to wonder how much in the long run will we spent to return our economy into shape?
The US government is spending large amounts of money to restore the economy of US. 770billion dollar is on top of 152billion in tax cuts according to Kent Klein research on voice of America. They have spent large amounts to rescue mortgage lenders Fannie mae and Freddie Mac, the huge insurance company AIG. By removing uncertainty on impending mortgage related losses, a way is paved for the banks to keep lending. More companies have also come out to ask for assistance so they are included in this recovery plan. US citizens are then left to wonder if there Tax will go to these people without themselves seeing how they benefit from this plan directly. The president –elect Barack Obama, economy administration is also proposing stimulating packages estimated to be $300 Billion. It looks like many packages will be coming up and we are not yet sure how much is needed to rescue the US economy and if this plan may work? According to Ms. Reinhart, who has studies the history of financial crises around the world, suggest that the government need to act quickly. She states that ‘the longer crises last, the bigger the bailout’.
It is hard to raise this much-needed money. According to Gus Faucher, the money will come back coming from borrowing money from other countries through selling of bonds overseas. A question if the whole plan will work is also a concern to many. Either way we do not have other choices and actions needs to be taken. What we can hope for is our economy will be brought back in shape if not better than before .As of now the Bush administration and the president –elect Obama’s administration is working their best to confirm that.