Presidential Election 08

The U.S. economy has slipped into economic crisis, including the biggest drop in GDP growth since 1980. The coup continued to domestic consumers has significantly reduced the purchasing power, what worries depression. A general decline in housing prices, dips in the stock market and bank insolvency confidence have left people with no other choice but to stop spending and start saving.

S & P / Case-Shiller index showed that housing prices in 20 major cities declined at an annual rate of 16.6%. It has also been an increase in the unemployment rate (6.1%) and should move up again. Bloomberg estimates that there may be another increase of 0.2% in the last month making the final statistics of 175,000 jobs lost. form reliable banking and credit sources have also lost and levels of credit had already fallen to 3.7% in August. Around the world, Japanese and European economies are undergoing recession and the global credit crisis has affected many more.

U.S. presidential election tomorrow to determine the appropriate policies are in force for the coming years. Tax cuts can leave extra cash, and credible plans for long-term financial health must be implemented. Obama's plan to put 45 billion dollars in reserves and invest $ 75 billion it has received support from 82% of a network of online discussion leading Minekey . His plans to introduce a tax credit of up to $ 500 per person and many other such similar benefits can be useful for the economy. Economic policies that act as a stimulant to the depressing economic situation can act as a catalyst to raise the current standards.

Aim of the trend started by people around the world, the popular chat network Minekey, Obama's policies are welcomed and appreciated. opinion polls conducted by Reader's Digest also shows a mixed blend of citizens to vote for Obama Financial strong political and economic proposals. A reality check on what is really discussed and agreed upon can be found at many sites online elections, which have helped to raise awareness on current political and economic scenario. Strong recommendations on where to invest in the coming months and how taxes can be reduced can be obtained from these discussion forums. They have not only generated support for the candidates but also helped users to vote, discuss and express their views freely on the likely effects of these policy proposals.

What happens after November 4th, 2008 is yet to be seen. What has happened so far can go for the better or for worse after the introduction of new policies. The U.S. economy and the election's outcome can make a huge difference on global markets. While at home, jobs may be restored and houses can be saved, markets around the world can manage to cross again, if this mess consistent downward may be slowed and eventually stopped. The trend could continue until the first quarter of 2009, after which it can be seen vital signs of improvement. The policies implemented after the elections may also take time to restore normalcy and economic stabilization. Meanwhile, those who managed to save and not use credit are those who may be able to keep the economic depression.