National Health Service (NHS), Obama dream project

When Barack Obama, took over as the 44th President of United States of America, apart from reviving the Global economy of one of the deep recession they have seen in decades, he also had a dream project, National Health Service(or NHS) which enables free health insurance to everybody in America.

In recent times, Obama is greatly criticized by the opposition which came strongly against this free insurance service to all Americans. They complained that this socialistic behavior will do bad, and not good to already reeling American economy and will certainly hurt the tax payers, as the tax burden will certainly rise on the Tax payers.

I totally agree with the opposition party comments, as there is really no need to provide a free health insurance, they should try to make their economy so strong that every citizen can take care of their health insurance, rather than offering them in free. As its oftenly said, that in life nothing is a free cake. Mr. Obama, should consider this saying, and make every one earn for his/her living.

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Thanks&Regards,
Mohit

Obama protectionist plans for US

There was a lot of hope among American people and people worldwide, when Obama took over as the 44th US president. As, he took incharge of the most powerful job in the World people were hoping they were relieve them.But, as soon as Obama took up the incharge, he laid out policies, which are totally protectionist in nature.

The first protectionist policies is curbing on outsourcing strategies, and taxing industries and companies which are still supporting offshoring and outsourcing policies.

Obama together with this administration team wants to unveil program which will keep eye on financial and capital markets and check on the financial products which are offered to Consumers.

But one thing Obama and his team should realise that World follow America because of its openess and its anti-protectionist trade policy,and the deep recession and high rate of unemployment exist in US just because of improper regulations of its Financial.

So, instead of making its economy protectionist, it should try to make it more regulated.

Thanks&Regards,
Mohit

Obama ostentious tax saving plan

Barack Obama finally completed his 100 days as US president, apart from making high profile visit to 20 G nations meeting in London, Obama administration did come up with an over ostentious plan of increasing country tax revenue.

In one of his speech, President Obama clearly directed his administration to end tax breaks for American Companies which are outsourcing their work to low cost countries like China, India , Philipines etc. According to Obama this will really help them to increase treasury revenue and also able to increase employment rate in the country Though its really a very ostentious plan by obama to increase tax revenue but will it really help him to meet the goal.

First of nowever days most of the operations of these companies are highly integerated and dependent on each other, so it will be very suprising how these companies will disintegrate their operations and what will the cost of disintegration and who will finally bear it.

Most of these firm operate across the globe and work 24/7 365 days, so at any point of time they have to take help from the people who operate from low cost labour countries like India and China.

Most of the companies which moved their operations to India and China made that decision not only because of tax breaks but because they are able to tap large pool of skilled labour at potentially less cost.

So it may be possible that Obama may able to fullfill his promise but the real question is the operation and economic viability of the companies




Thanks&Regards,
Mohit

Obamamania couldnot trigger rise in stock market

On January 20th, Mr. Barack Obama took over as the 44th US president at Capitol Hill in Washington. Amid these recessionary times, or if we go by some economist terms, the depression time, the newly elected president come as a ray of hope for the Americans and for the World Economy.

But it seems that now the recession as loomed over the entire World Economy, that even the ray of hope is not able to pass it. This is what happened, during the Obama inaugural day. Most of the work market either remain flat or fall sharply. So it clearly shows that even Obamamania could not set even the short term positive sentiment in the global market, which can trigger the exchanges world wide.

Tough time ahead for Mr. Obama.

Thanks&Regards,
Mohit

Obama oath = Costliest President Inauguration Ceremony

In November, when the Detroit Big three automaker CEO approached Fed for a bailout package on their luxurious planes, were greatly criticized by the international media for spending company money in their lavish lifestyle. They were reprimanded everywhere, and told to be more responsible in saving their company liquidity in time of Crisis.

But I think the same criticism is also applicable for President Obama Inauguration Ceremony at Capitol Hill. According to reports this is one of the Costliest Presidential Inauguration Ceremony in the American history, with total expenditure cost is approximately 75million$.

I can understand this may be the historical moment in the American presidential election, with first time an African American will taking on the high profile job. But at this time of financial crisis, when everybody is pressing on saving money and spending money more sensibly. Shouldn't be this Celebration can be delayed, till the US economy become more stabilize.

From my opinion, the Obama Inauguration and CEO spending on the lavish lifestyles, should be comparable and should be criticize equally.

Thanks&Regards,
Mohit