Why Obama will burn and why recession will last a bloodied decade! [sourced from B&E archives; December 11, 2008]
Already, Obama has made intentions clear about his forthcoming Afghan adventure where he would supposedly relocate the troops to be withdrawn from Iraq. With Al Qaida giving a out a strong message to him, it is for sure that the spillover effects of the Afghan theatre would have far reaching effects. Nevertheless, if Obama engineers the Iraq pullout – the chances are high that – the ethnic fight between the Shias and Sunnis would make sure that the weekly ordeal of car bombings is made an hourly one. A beleaguered Iraq would make an easy prey for the Iran backed Shia groups like Al Sadr and eventually, Iran would directly step in to give shape to ‘Greater Iran’, as their dream goes. In that case, would Obama recommit his forces? We deduce in the negative. Would Obama then have the courage to tell the world at large that the US invasion of Iraq had much less to do with ‘War on Terror’ and more about preventing Saddam from becoming the Gulf oil king? Or would Obama publicly announce the return of all the oil that US has been ‘importing’ out of Iraq? In spite of his victory speech at Grant Park – considered amongst the three greatest ever – we guess Obama would smilingly give such acceptances a bye. Damned if he does.
Bush was blamed for over-stretching the defence budgets; there is little doubt that Obama would reduce it. For the FY 2008, aggregate security related funding of US is estimated to be $549 billion. If one includes the $173 billion supplementary budget for the ‘War on Terror’, then the overall defence budget stands at $749 billion. Likewise, for 2009, the total estimated request for defence budget stands at around $663 billion.
In all, it is futile to expect too much, except Obama’s fight to save capitalism. The world would remain the same and Africans would continue to fight ethnic wars, hijack ships and die of AIDS for lack of antiretroviral drugs. As the rats jump, so does the common man in the US, and elsewhere, who cannot be blamed for expecting Obama to be a panacea for all the ills. Try he will... and fail he will. But love him still, we will! Damn!
Already, Obama has made intentions clear about his forthcoming Afghan adventure where he would supposedly relocate the troops to be withdrawn from Iraq. With Al Qaida giving a out a strong message to him, it is for sure that the spillover effects of the Afghan theatre would have far reaching effects. Nevertheless, if Obama engineers the Iraq pullout – the chances are high that – the ethnic fight between the Shias and Sunnis would make sure that the weekly ordeal of car bombings is made an hourly one. A beleaguered Iraq would make an easy prey for the Iran backed Shia groups like Al Sadr and eventually, Iran would directly step in to give shape to ‘Greater Iran’, as their dream goes. In that case, would Obama recommit his forces? We deduce in the negative. Would Obama then have the courage to tell the world at large that the US invasion of Iraq had much less to do with ‘War on Terror’ and more about preventing Saddam from becoming the Gulf oil king? Or would Obama publicly announce the return of all the oil that US has been ‘importing’ out of Iraq? In spite of his victory speech at Grant Park – considered amongst the three greatest ever – we guess Obama would smilingly give such acceptances a bye. Damned if he does.
Bush was blamed for over-stretching the defence budgets; there is little doubt that Obama would reduce it. For the FY 2008, aggregate security related funding of US is estimated to be $549 billion. If one includes the $173 billion supplementary budget for the ‘War on Terror’, then the overall defence budget stands at $749 billion. Likewise, for 2009, the total estimated request for defence budget stands at around $663 billion.
In all, it is futile to expect too much, except Obama’s fight to save capitalism. The world would remain the same and Africans would continue to fight ethnic wars, hijack ships and die of AIDS for lack of antiretroviral drugs. As the rats jump, so does the common man in the US, and elsewhere, who cannot be blamed for expecting Obama to be a panacea for all the ills. Try he will... and fail he will. But love him still, we will! Damn!
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
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