The Grand Old Party or the GOP very commonly known had asked President Obama to fire his entire economic advisors because they had failed to take out recession and job loss problems out of the country. The decisions taken by Barrack Obama are criticized every now and then by the GOP. Take a look at how the compromises are forced in to the decisions of Obama and how it in turn is devastating the country.
Republicans against the financial reform by Obama
Barrack Obama’s decision to sign a bill for financial security in the country is jeopardized by the strong opposition from the GOP. The decision lies in the regulation of derivates which are financial instruments and their value depends on the underlying assets such as mortgages or stocks. But there is also the risk that these assets can sink giving rise to losses and other financial crisis. 41 Republicans are against any bill by the Democrats including this bill. It’s predicted that the regulation of derivates market is quite risky and will badly affect the small businesses as well as community banks. But even if there were some of the well-known financial crises in USA due to the regulation of risky derivates, it can also reduce the loss and produce huge profits if the underlying assets don’t sink.
Obama fears for the failure of bipartisan prospects
In the new reports it has been recorded that Obama is not against a lot of decisions of the Republicans but fears that he won’t be able to take other decisions freely if the GOP runs the House. He wants to make some changes in education and energy-related decisions that have been overlooked. He fears that if GOP comes into power, he won’t be able to make any decisions regarding foreign policies even. His bipartisan cooperation prospects are looking bleak due to the GOP opposition at every step. But if given a chance, Obama’s decision may work for the betterment of the country but due to the problems in the House due to the Republicans, public is showing less interest in any decisions. Since the term of Barrack Obama started in 2008, Republicans have shown very little interest in working with Obama or the Democrats in the whole.
GOP create problems for Obama for building foreign relations
Obama has taken decisions to bring US troops from Afghanistan back to the country by July, 2011. But Republicans oppose this decision and say that it’s arbitrary and that war commanders shouldn’t withdraw forces just like that. Obama’s plan to improve relations with other countries such as Cuba and Iran is also not accepted by the Republicans. They fear that if there is no border control, US may have to face another war since the World War II. But against the Republican concepts, Obama’s decision may mean peace with other countries and no war.
USA and EU relations affected if GOP comes to power
As per the latest reports, it’s foreseen that the relations between America and European countries may come to a halt when the GOP comes into power. Obama’s decision to have good relations with European countries especially Turkey will be highly affected and opposed by the Republicans. If the New Strategic Arms Control Treaty with Russia is signed by Obama and the Russian President Dmitri Medvedev, it may lower limits of both the nations’ nuclear arsenals. But the Republicans are not sure whether or not Russia would be fair in its decisions to be fair.
Whether Barrack Obama or the Republicans take decisions, they should always use a fool proof plan so that it positively affects the country. In their fight to stay in power, both the Democrats and the Republicans are overlooking the public interest. The downfall of the big economic countries led to the financial crisis. They must look for reforms to improve the countries financial status and create more jobs.
About the author: Jason Holmes is a regular writer with debtcc community and is also a contributory writer with other financial sites. His expertise is woven around various aspects of the debt industry and with his e-books he tries to impart to people the different situations and simple solutions to get out of difficult situations. Some of his works include e-books like ‘Credit Score The Quintessential Therapy for a Happy Pocket’, Take Creditors and Collection Agencies to Small Claims Court’ and, My Story- From Depression To a Smile’.