obama wins us presidency, page-90

Alot has been said and written about Obama over the last few months.

There is no doubt he should be congratulated on achieving the US Presidency considering the obstacle he probably faced.

I was just reading an article in business spectator that out line some of his economic policy. Cuting taxes middle class, improving health care services, abolishing capital gain tax for small to median type business. The only net increases in government revenue is increasing taxes to wealthier.

US has been running deficit in recent years, forcasting to be in deficit over $500 billion next year and in 2010 it could rise trillion dollars. To fund all this spending it either a foreign country like China has to fund the current account deficit or you print money,as result the dollar collapses

I think after the dust settle, Obama definitely has one of the toughest jobs and that just the financial side not to mention the wars.