President Elect Obama and the Ailing Global Economy

In the past few days of ‘economic’ bad news such as Iceland going bankrupt; Singapore, Germany and Japan sliding into a recession; China facing tough times with angry and laid-off laborers; America still looking for the tunnel of light out of its recession etc. etc.

Reading the news or watching them on TV can be a headache nowadays. People are now facing the grim reality (and a harsh one too) of living in the dire straits and endless economic woes. Others have turned into survivalists and fatalists – anticipating the worst that can happen to their livelihood and economy.

The world suddenly stopped when United States elected its first African American president (I refuse to call him black because for me, it has racial tones) and as we know it – the rest are indeed history.

A few days later, after the euphoria, we are all back to the grim reality of an ailing global economy.

Economies across the world are so interconnected with each other that if anything happens to one major economy will ultimately lead to the receeding of small economies. Its like the whole context of butterfly effect / chaos theory smacked right into your face. President Elect Obama will not only worry about the US economy – he has to worry about the other economies that are also dependent to the US market. And oh boy, whether he liked it or not, he has the job with the most brutal and nasty job descriptions.

Everybody was inspired when President Elect Obama won the US elections (and are enthusiastically anticipating his historic induction on January). And with the hopes of President Elect Obama comes the elevated expectations and pressures on him – I can call this some sort of a ‘messiah complex’ wherein he is viewed as somebody who can pull us out from this economic sh*thole (thanks to the ‘lame duck’ administration of George Bush).

Dear readers, we all know that Obama can help us get through this sh*t. But what I want you to take note that Obama is still Obama – he’s still a real dude, still prone to mistakes and errors just like any other human etc. In short – let us keep our expectations real. You gave this guy 4 years to help fix the economy and let’s face it – 4 years are not enough to fix the ailing global economy. But the important thing is, Obama will be laying the foundations of the road towards economic recovery. And its no easy task.

Although, I have bad projections for the next year (I am expecting that it may get worse and certainly, more people will lose jobs), I am still keeping my belief in President Elect Obama. I have fair and realistic expectations for him. He may not be able to give the perfect solutions to the problems but I know, he always give the best of what he can. Fixing the economy is not also a task for him alone – its for all of us. We should be helping each other and help / support President Elect Obama into putting the foundations of the road towardss recovery – and eventually, getting our feet back towards progress.