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Obama on Economic Recovery

Congratulations. The US of America has voted and they have voted for Barrack Obama. US citizens have great hopes on him. And so does much people around the world is also expecting so much from him. This is also for us in Asia especially in Indonesia . What would be his steps to tackle this crisis? From his campaign it is quiet clear what he will do. Let’s just make this simple. Roosevelt at his time had plans for the US to recover from the Great Depression. His plans while campaigning were also interesting and got the minds of voters. Obama is in some sort of the same situation now. But the thing is .. Can Obama pull it off this time? What Roosevelt did was he created projects such as building the great Roosevelt Dam to absorb the unemployment because he thinks the enemy of an economic crisis is unemployment. This fiscal expansion policy is to regain the economic growth and is also known as a Keynesian economic approach. Now what Obam...