The global economy refers to the increasing integration of
fragmented national markets for goods and services into a single
global market. What most Americans fail to understand that because
of the ongoing American Presidential election, the world economy is
reacting to the possibility that Senator Barack Obama may win and
become President of the United States (US)? Since the American
economy needs the world and the world needs the American economy,
Wall Street is also reacting to a fear that the Senator from
Illinois may become US President. Within the past three weeks, many
Americans have seen their investments lose 25-30% of the original
value and losing it value for the seventh day in a row. Therefore,
Americans should not worry about Obama's capital gains plan since
few will have any capital gains profits to report when Obama takes
the White House.
In other words, because of Obama's tax plan, the world
economy has lost faith in America and Wall Street that influenced
all world markets. So don't worry about your recent losses. Soon
you will lose your remaining investments and may never be able to
retire since the Federal Government plans will also not be able to
support programs like Medicare and Federal retirement plans.
As for Hollywood, in recent decades including Katrina, few
Hollywood celebrities have done anything to help the average
citizen. Has Hollywood helped anyone that lost their homes
recently? These same celebrities have no problem donating $28,500
to Democrats and $2,500 to Obama for one meal as they see average
citizens not being able to fill their tanks or purchase food for
their loved ones. Celebrities are users in the same way that Obama
is with his private vacation on a private jet in a private island
while not helping his own brother that lives in a shack back in
Kenya. Obama will be another 4 or 8 years of the failed Bush
economy since like Bush, Obama went to the same college (i.e.,
Harvard) and learned the same ethics and business practices that
are ruining our nation.
In response to assignment:
Campaign 2008