Obama has done to little in his first 6 years
Obama has done to little in his first 6 years of presidency. He didn’t even approach the three major economic issues, and the two major moral issue of US today.
The first economic issues is, diffusion of the banking system (to big to be touched).
The second economic issue is the corporate system of public companies, in which the executors work for themselves and not for the public owners, and even less for the general public.
Finally the third economic issue is the enormous ever growing US trade deficit with Asian countries, that in its roots lays the need to satisfy the US public lust for more and more consumption. This lust is fully supported by all the political spectrum and the business community, even if it is created and financed by the provider of the cheap consuming products, the poor Asian workers, who earns max. 100 dollars a month.
Non of these issues were addressed by the previous Obama administration. Yet i have to admit, when Obama came to the office, the world economy was in a very big danger of total collapse. Any mistake could over flop the delicate economic balance. And then, when the great danger seemed slowly to retreat, he had to come in terms with a hostile senate, whose only interest was to show to the US public, that none of “these kind of chaps” can run a country, and let the price and the price payer be whatever and whoever. If taken all this to consideration, he has done quite a good job after all.
Yet, as to the moral questions, the first is the environmental un-sustainability problem of the today’s trends and the second problem is the unjustified uneven distribution of the wealth and standard of living, in USA itself and in between the US-Europe and the rest of the world. As to my opinion these two issues are interconnected, and deeply connected to the third economic issue i mentioned above, the unlimited lust for over consumption in the US (by the way also in Europe), subsidized by the poorest people on the earth. Obama has done nothing about it, (no end to subsidized fuel consumption, no WAT tax, to reduce over-consumption). As it seems, Obama has no intention to do anything about these issues in its next presidential term. The result will be, the worlds long term problems can will be kicked uphill for another four years.
As to my opinion, the Banking system is already in process of change, just because the bank system as it is, is self destructive, and will be changed with or without government intervention. The corporate system can wait until one or two new Enrons will appear “out of the blue”, and it too will be at the end reformed.
But the two moral problems and the trade deficit problem can be solved either by a independent revolutionary US president, with guts to do something about it, or by a world crisis, that only God knows, if or in what form the human civilization will come out of it.