As Congress passes the $700 billion bail out, and the military commitment overseas for the United States, Howard Fineman sees limited options for the next president. Neither canadaite will "cut and run" on the Iraq war, and internationally countries like Isreal are looking for the U.S to play larger roles. These commitments all costs and money and ss the U.S is running further into debt and with foriegners holding bear $3 trillion government debt it will become harder and harder for the U.S government to leverage money.
This articles should keep the hopeless optimists in check, letting them know even if they selected the right man for the job, either Obama or McCain, the president might not have the power to turn the economy around, this problem might require a long term fix.
1 comment:
I think that any actions that the new president can have the power to turn the economy around, but the problem is that most of their actions will take quite a while to actually show results. But, it is better to enact policies that may take a while that are permanent solutions rather than policies that help right away but don't actually fix anything in the long run.
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