Well, it’s not strictly business-related, but I’m going to be talking about the possible effects Mr. Obama will have on the political and business structure of life. For all those who didn’t know – and you really had to try to avoid it to not have heard this – America has it’s first African-American president. Many people are viewing this as a drastic change in American history and others are not so sure that he will do a great job.
Firstly, I’d like to say that I congratulate Mr. Obama on winning. I actually feel that this change will be a good thing for businesses of America. Hopefully, with the change, comes stability – and with stability, comes a future on which we can build.
As many people now know, we are in the midst of an economic recession. For those who do not know the technicalities of it, a recession is two successive quarters of negative growth. This has caused the stock markets to plummet and all currencies have become weaker and will continue to do so. However, many people have blown this completely out of proportion. This is why I think so: the “market” can always continue to rise, but it cannot increase ad infinitum. There has to be a period in which the “market” comes down to a certain level, and hopefully rises again. This rise will hopefully be more than expected with Mr. Obama in the presidential seat, so to speak.
As for the politics side of things, we can only hope for the best. I too would wish that international relations will hopefully better themselves over time, and we can only wait and see over the next four years as to how Mr. Obama gets on.
Mr. Obama has also recently stated that “the country’s economy is my number one prospect.” Or something like that.
