Thursday, October 16, 2008

US - Brief talk on updates to presidential issues

One of the issues both candidates for US president had been campaigning for was about lower gas prices. It has also hurt US and abroad manufacturers of cars, tourism, and the airline industry, as well as a myriad of others.

Recently, gas prices have declined, 35 cents in two weeks. This is after all the layoffs in the auto industry, the closing down of many auto plants, and the stopped production, of hummers, and full size trucks. Now, these companies are wondering if they changed to early, and likely airlines are wondering about if their shifts were correct as well.

Another issue that the presidential candidates will have to deal with is global warming. There are still many people who doubt, it saying that a vast majority of greenhouse gases are water vapor, and the CO2 fluctuates, barely based on people at all, mainly volcanoes. Hardly going to stop doubters, and probably create more is an article also from daily tech stating that Alaskan glaciers have grew for the first time since almost when they have started collecting data on them, although they are still down about 15% since the 1700s.

The third and final issue for today is the recession. This is a major issue, including the trillions of US dollars the G-7 and other countries have poured into major banks, and the securing of loans for the banks. Everywhere is worried about a U.S. recession, including New Zealand which talked about how all sectors of the U.S. economy is down this year, and consumer spending was down 1.2 percent from one year ago.

It will be interesting to see if the two first events affect the candidates at all, and how they will deal with the economy in the future, as we have already seen McCain try to skip a debate to help work out our economy, and Obama's plans to how it can be better.

2 comments:

mrhamster1 said...

Personally, I believe that the power of a nation comes its economy. A rich nation is a prosperous nation and unfortunately for America, America's economy is failing and the presidential candidates should focus most on fixing the economy.

mackler said...

come may and your argument still holds :-P.