Obamanomics

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Introduction of paper and how Obamanomics affects the world

What is Obamanomics? It is President Obama's vision of economic prosperity focusing on "bottom-up" economic policies versus the "trickle-down" policies of Presidents prior to his present administration.

What economic school of thought does Obama base his economic prescriptions? Detractors accuse him of some leaning towards socialism. However, Obamanomics is simply "Keynesian Economics".

John Maynard Keynes was a 20th century British economist. His famous work called " The General Theory of Employment, Interest and Money" in 1936 summarizes the key points of his arguments.

Some discussion of how Heilbroner a philosopher and economist saw the future of capitalism in the 30's and 40's and how these visions are coming to life.

Conclusion of paper that will close the argument that this guy has no clue on how to run a world power or a subway sandwich shop. Of course from a very conservative point

Obamanomics is essentially the economic policies of President Obama. These policies can have effects all over the world because the economy of the US is intrinsically linked to the world economy. This is because of the wide usage of the dollar, and the important position being occupied by the US in world economy. The US products and brands have markets all over the world; similarly, the USA provides a large market to products all over the world. Further, the US is an important employer both of foreign workers and indirect employment through the outsourcing industry. There are several important international companies whose stocks are traded on the US stock markets and the US companies have their stocks traded in several important stock exchanges in the world.
In other words if Obamanomics does not revive the US economy quickly, harmful effects will be felt all over the world. Several multinational companies will not be able to raise capital, the weak sales in the US markets may mean closing down of plants in several parts of the world, and no outsourcing of work from the USA may mean closing down of business process outsourcing companies in emerging markets. Failure of Obamanomics may mean low economic growth in several parts of the world, food crisis, and even armed conflicts. It is essential that Obamanomics is well-directed, effective, and manages to achieve its stated goals.
Obamanomics has veritable goals. It wants to provide education, social security, develop independence in energy, end Iraq war, withdraw from Afghanistan, provide affordable health care and to boost the economy. In this context, Obama wants health care for all at affordable price, he also wants a sustainable policy that will make the US self sufficient in energy. However, he does not want biofuels to reduce the available food supply. He wants to reduce oil ...