Today is the presidential election in the United States where the American electorates will decide on who should be the President of the United States beyond 20 January 2013. The main candidates are the incumbent President Barack Obama and his challenger, former Massachusetts Governor Mitt Romney.
The United States presidential election is one of the most watched elections in the world as the decisions of the American electorate does not only affects the lives of the American people but also the lives of the world as the United States maintains its economic, military, political, and cultural influences around the globe. Choosing who is the next president of the United States should be responsible and capable in dealing not just the domestic affairs of the United States but also its interests around the globe.
The main issue this election is about the economic state of the United States where for the past four years, still fighting the effects of the 2007-09 Subprime financial crisis as the real estate boom pooped due to the loans that the American debtors cannot pay on time. The burst of the real estate boom in the United States lowered the confidence to the American financial system on which by 2008, it became a full-blown recession as the Lehman Brothers, one of the leading American investment banks then, declared bankruptcy. The severe recession in 2008 brought Barack Obama to the presidency in the same year and had to deal not just the effects of the Subprime financial crisis but also the foreign policy blunders of the George W. Bush administration in Iraq and Afghanistan that drained the America’s finances as Bush cut the tax rates among the upper-class people while increased the spending on military.
Obama’s presidency for me does not meet my expectations, four years ago as he merely continued the heavy spending spree by the government not just in military but also in social entitlement programs like the food stamps and his watered down medical care system (Obamacare) which will be expected to drain the America’s finance beyond 2014. Obama’s spending spree has reduced the economic competitiveness of the United States compared with the rest of the world where the Standard and Poor had to reduce the credit rating of the United States by a notch as Obama and the Republican-controlled Congress cannot agreed on paying the debt obligations of the United States until the last moment in August 2011 just to avoid default that would have been a disaster to the world’s economy.
Obama has committed foreign policy blunders like trying to contain the China’s economic rise, costing the live of an American ambassador in Libya, angering the Israelite for somewhat, angering the Iranians further, and many others.
However, Mitt Romney for me will continue the Obama’s blunders in domestic and foreign affairs as he postulated his platforms pretty similar or maybe worse than Obama. In conclusion, I have no reason to support both of them as the Americans and the world will be the losers in the end unless there will be a sensible and pragmatic president of the United States to come in the future.