January 22, 2009

Mr Barrack Obama’s current statement about Economic condition

Barrack Obama, the 44th & current president of the United States of America inaugurated as President on January 20, 2009. On a record crowd almost more than two million people has come to see Mr. Barrack Obama’s inauguration ceremony.

In the recent Global Economic crisis, most of the people around the world are expecting something good and stable economic condition can make by US new president Mr. Barrack Obama. Mr Obama said USA’s economy was in the midst of crisis and weakened by greed, irresponsibility and complacency.
In this Recession moment, he committed to take Bold and Swift action. He has given an indication that his top priority will be signing into law a new economic stimulus package of close to a trillion dollars. He also told that will spend on decaying infrastructure, building, roads and bridges, the electric grids and digital lines that feed the commerce.
The President hailed the strength of American ingenuity and told that he would attempt a centrist policy of increasingly public spending without stifling private enterprise, sacrifices would be needed. He also said starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking the United States of America.
As a Major US Market's point of view, he warned the danger of allowing the money markets to operate unchecked. He told us there was no question the market was a force for good as it generated wealth and expanded freedom. He stated "This crisis has reminded us that without a watchful eye, the market can spin out of control and that a nation cannot prosper long when it favours only the prosperous.”

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