MONEY MATTERS

People are more worried about their own lives that they do not give much importance to what is happening around them. They judge the status of economy of the nation just by looking into their own lives and into the lives of their friends. But given the rate of unemployment in the U.S. it is sure that people are not happy with the Obama government. He has done a lot in the health field but he has not done anything to change the economy. This has made an electoral setback for the Obama government. He could have easily avoided this crisis by enacting a stimulus that matched the scale of the economic crisis. The fact is that he did not even try to pass a plan regarding the economy. Even a smaller package could have got him more friendly headlines, and his administration would have looked better if it won its first big congressional test.
It seems that the administration was taken in by the focus on how its policies would play in the news rather than on their actual impact on the economy. Since Mr. Obama took office, the Republicans have engaged themselves in relentless obstruction, obviously unworried about how their actions would look or be reported. By blocking Democratic efforts to alleviate the economy’s woes, the GOP is helping its chances of a big victory in November. It is very crucial for Mr. Obama, for he had been too liberal when his real mistake was doing little to create jobs.

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