New Thought For Rescue Operation On American Economy
Dr Surendra Bhakta Pradhanang
April 13, 2009
Every resident of America either American or non-American or immigrant has to cope with recession of U.S. economy. America has had troubled days. It takes some time to get back to normal. Like the great Depression of 1929, America got through it. It is the common responsibility or obligation of residents of America to think over appropriate measures for betterment of the U.S. economy.
Today Barack Obama, coming up with the slogan and confidence given to American people for a radical change, has been the president of the United States of America. His 100 days passing through understanding America and American are his honeymoon period. During honeymoon he has to exhibit his capability, intelligence and diligence in working agenda as appropriate key factor for economics of production, consumption and distribution in America and globe.
The morning shows the day ´ is the common principle or law of human nature and judgment in the human society. It is the transitional period so far to him for nation´s challenges and opportunities in respect to redevelopment and restructure of America.
America, facing economic recession from bad to worse, is compelled to spend hard and unnatural life. Presently, President Barack Obama has brought U.S. $ 787 billion stimulus package to rescue the American economy. The Congress has passed 2010 budget amounted to $ 3.55 trillion.Admist employment crisis, 2 million jobs were lost so far in 2009.
The U.S.economic progress is to be uneven. During the month of March unemployment raised up to 8.5 % and it is predicted to rise up to 10% by this year. The U.S. budget deficit is predicted to $ 1.85 trillion. The debate on the new budget proposed is natural to nationalists and opposition. It has been analyzed by the Non-partisan Congressional Budget Office (CBO) predicting that budget deficits will possibly be grown at the significant figure Possibly, Obama´s budget holds $ 749 billion deficit (4.3%) of the national economy in 2014 according to the CBO estimation.
But Obama said that new spending or allocating budget on health management, education facility and environment helps the nation´s economy as a whole. Tax cuts amounting $400 for workers and $ 800 for couples have been included in the stimulus package.
Obama presently visited Iraq and attended an international economic summit in London held amid world leaders in ´Group of 20´ - major economies of the world. All those world leaders who took economic or stimulus plans under discussion to revive the global economy and new international marketing regulations are responsible to the improvement and development of global economy.
On opening remarks, Obama spoke out the long term recovery that needs structural change and improvement in the American economy particularly in health management and new source of emerging foreign oil sectors.
Every president of the United States of America since the time of Dwight Eisenhower has pledged to defend American access to oil in the war – prone and Middle East. In the Carter era too, Jimmy Carter historically proclaimed stating that American would use its force for protection and conservation of access to oil.
Obama is conditionally silent on the subject matter we noticed. He who just gave the signal for using force in protection of vital interest of America is mysterious. Those who understand the message " No blood for oil " are Wiseman and thinker of world peace and progress on the ground of development of global economy.
Meanwhile, President Obama ought to consider and reconsider Dr. Pradhanang´s Theory of Common Factor Denotation for oil economy propounded for well stability in the national economy. He, it is generally believed, can tackle the American economy at the right direction along with the global economy. The theory definitely works and gives a good reward when President Obama considerably thinks over.
Terribly, the oil price level going up and down from $ 146 and $46 per barrel is not the good sign for healthy economy to U.S. and globe during this recession period 2008-2009.
The price level of gasoline should not be shortly fluctuated from time to time. The short fluctuation of oil price is same as epidemic disease that instantly affects to national economy with inflation, instability, weakness in consumer spending, and above all the crises in nation´s economy. Thus, the price level of oil must not be either low or high. In fact, its price level must be affordable to all consumers.
Lawrence Summers, the government concerned top economic adviser of President Obama has to take into notice on this idea of rescue management in the national economy through this theory. He speaking at the Economic Club of Washington opined that the free fall of .U.S.economy will be stopped soon .But it is most possible only when he takes ´The Theory of Common Factor Denotation´ seriously.
The U.S. economy shrank by 6.3% rate in the final three months of 2008 - the worst economic condition - exhibited in a quarter century. It is projected that in the April- June quarter of 2009,the economy may be possibly shrinking at 2% - 2.5%.But Ben Bernanke, Chairman of Federal Reserve Bank hoped that the recession will end this year if the government succeeds in stabilizing financial markets and banking transactions smoothly.
As usual consumers and businessmen have to enter into the free market. Fed in this respect recently plowed $ 1.2 trillion into the economy to reduce the rate of interest for mortgages and loans. AlsoWal-Mart, the world´s largest retail store department claimed sales increased by 1.4% in March of this year 2009.
The government report which also showed that consumer spending rose comparatively in February is the plus point to the national economy.
Oil economy for upliftment of national economy is very great and resultant –a major measuring rod – to U.S. The oil and its price level are mightier than the weapon. The question about gasoline price is always important and debatable to national economy. The U.S. is heavily dependent on oil imports followed by estimation of 60% from our boarders.Generally, 20% holds oil from Canada and 20% holds from Mexico and Latin America. About 15% imports oil from the Middle East.
Hence, the present U.S. government has to emend its economic plans and emerge ´The Theory of Common Factor Denotation´ along with other stimulus plans to maintain stability and to go back to normal or sound U.S. economy as well as global economy. Noticeably, the economic rescue operation is urgently needed to cope with recession and inflation in cooperation with the common factor idea.
Today Barack Obama, coming up with the slogan and confidence given to American people for a radical change, has been the president of the United States of America. His 100 days passing through understanding America and American are his honeymoon period. During honeymoon he has to exhibit his capability, intelligence and diligence in working agenda as appropriate key factor for economics of production, consumption and distribution in America and globe.
The morning shows the day ´ is the common principle or law of human nature and judgment in the human society. It is the transitional period so far to him for nation´s challenges and opportunities in respect to redevelopment and restructure of America.
America, facing economic recession from bad to worse, is compelled to spend hard and unnatural life. Presently, President Barack Obama has brought U.S. $ 787 billion stimulus package to rescue the American economy. The Congress has passed 2010 budget amounted to $ 3.55 trillion.Admist employment crisis, 2 million jobs were lost so far in 2009.
The U.S.economic progress is to be uneven. During the month of March unemployment raised up to 8.5 % and it is predicted to rise up to 10% by this year. The U.S. budget deficit is predicted to $ 1.85 trillion. The debate on the new budget proposed is natural to nationalists and opposition. It has been analyzed by the Non-partisan Congressional Budget Office (CBO) predicting that budget deficits will possibly be grown at the significant figure Possibly, Obama´s budget holds $ 749 billion deficit (4.3%) of the national economy in 2014 according to the CBO estimation.
But Obama said that new spending or allocating budget on health management, education facility and environment helps the nation´s economy as a whole. Tax cuts amounting $400 for workers and $ 800 for couples have been included in the stimulus package.
Obama presently visited Iraq and attended an international economic summit in London held amid world leaders in ´Group of 20´ - major economies of the world. All those world leaders who took economic or stimulus plans under discussion to revive the global economy and new international marketing regulations are responsible to the improvement and development of global economy.
On opening remarks, Obama spoke out the long term recovery that needs structural change and improvement in the American economy particularly in health management and new source of emerging foreign oil sectors.
Every president of the United States of America since the time of Dwight Eisenhower has pledged to defend American access to oil in the war – prone and Middle East. In the Carter era too, Jimmy Carter historically proclaimed stating that American would use its force for protection and conservation of access to oil.
Obama is conditionally silent on the subject matter we noticed. He who just gave the signal for using force in protection of vital interest of America is mysterious. Those who understand the message " No blood for oil " are Wiseman and thinker of world peace and progress on the ground of development of global economy.
Meanwhile, President Obama ought to consider and reconsider Dr. Pradhanang´s Theory of Common Factor Denotation for oil economy propounded for well stability in the national economy. He, it is generally believed, can tackle the American economy at the right direction along with the global economy. The theory definitely works and gives a good reward when President Obama considerably thinks over.
Terribly, the oil price level going up and down from $ 146 and $46 per barrel is not the good sign for healthy economy to U.S. and globe during this recession period 2008-2009.
The price level of gasoline should not be shortly fluctuated from time to time. The short fluctuation of oil price is same as epidemic disease that instantly affects to national economy with inflation, instability, weakness in consumer spending, and above all the crises in nation´s economy. Thus, the price level of oil must not be either low or high. In fact, its price level must be affordable to all consumers.
Lawrence Summers, the government concerned top economic adviser of President Obama has to take into notice on this idea of rescue management in the national economy through this theory. He speaking at the Economic Club of Washington opined that the free fall of .U.S.economy will be stopped soon .But it is most possible only when he takes ´The Theory of Common Factor Denotation´ seriously.
The U.S. economy shrank by 6.3% rate in the final three months of 2008 - the worst economic condition - exhibited in a quarter century. It is projected that in the April- June quarter of 2009,the economy may be possibly shrinking at 2% - 2.5%.But Ben Bernanke, Chairman of Federal Reserve Bank hoped that the recession will end this year if the government succeeds in stabilizing financial markets and banking transactions smoothly.
As usual consumers and businessmen have to enter into the free market. Fed in this respect recently plowed $ 1.2 trillion into the economy to reduce the rate of interest for mortgages and loans. AlsoWal-Mart, the world´s largest retail store department claimed sales increased by 1.4% in March of this year 2009.
The government report which also showed that consumer spending rose comparatively in February is the plus point to the national economy.
Oil economy for upliftment of national economy is very great and resultant –a major measuring rod – to U.S. The oil and its price level are mightier than the weapon. The question about gasoline price is always important and debatable to national economy. The U.S. is heavily dependent on oil imports followed by estimation of 60% from our boarders.Generally, 20% holds oil from Canada and 20% holds from Mexico and Latin America. About 15% imports oil from the Middle East.
Hence, the present U.S. government has to emend its economic plans and emerge ´The Theory of Common Factor Denotation´ along with other stimulus plans to maintain stability and to go back to normal or sound U.S. economy as well as global economy. Noticeably, the economic rescue operation is urgently needed to cope with recession and inflation in cooperation with the common factor idea.
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