Word: obamaã
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...financial sector is another region where Obama??s failure to advertise has cost him popularity points and political cache. Though the financial meltdown dominated global conversation for months, it has recently faded into the background of political discourse. Through the Troubled Asset Relief Program, Federal Reserve Chairman Ben S. Bernanke ’75’s aggressive policies, and the Obama administration’s bold moves, the financial system has been resuscitated to a quasi-functional state, all to the negligence of the media and resultant ignorance of the general public...
Once left for dead, even by some of its leaders, the Republican Party has come roaring back into competition. The stakes are high in November; national opinion surveys show a two-percentage point GOP edge, and some polls even suggest that the Republicans could retake the Senate. Obama??s approval ratings have fallen by 24 percent in less than a year, in spite of having achieved his top legislative priority and overseeing a successful stabilization of the banking industry. Yes, the American people do tend to check their leaders by issuing them losses in midterm elections, but Obama?...
Apart from the severe environmental hazards, Obama??s proposal is problematic because of the short-term solution it provides. Experts estimate that the total yield from the new drilling proposal will only provide three years of oil and about two years of natural gas, based on current consumption levels. These are paltry numbers. Nor is this, in fact, really a “solution.” The recovered oil and gas will not be available for many years, and it is possible that once the oil and gas tracts are found, extraction may be prohibitively expensive...
Some point to possible political motivations behind Obama??s proposal, suggesting that perhaps it is a move to drum up support from some Republicans and centrist Democrats for a more far-reaching climate change bill. Since the exact contents of the final bill are still unknown, changes will undoubtedly occur during its time in Congress. Therefore, Obama was unwise to make environmentally-damaging drilling concessions so early in the game. His drilling proposal, more modest than many of these individuals would like, may not be enough to win votes...
While some believe that Obama??s proposal could free the country from dependence on foreign oil, The United States’ oil and gas reserves simply do not compare to the Middle East’s. Even suggesting that they do is a political façade. Rather than delude Americans into thinking that two to three years of (potentially forbiddingly expensive) oil and gas aids the energy crisis, Obama needs to focus on greater investment in sustainable, alternative energy solutions. The real problem lies in the United States’s heavy reliance on oil and fossil...