Obama's first and the foremost challenge is to curb recession...that too first priority is US... in this regard the steps taken by him are:
1. Trade Protectionism-3000$ tax rebate for the companies who hire Americans and help avoid outsourcing (not sure if this is for every individual or what, please clear my doubt)
2. Planning to invest 150$ billion for renewable resources like wind, solar power and the next generation befouls to prevent climate change and thus creating 5million jobs
3. Tax rebate to 95% of the Americans
4. Planning to be independent of Middle East for oil in coming decade thus avoiding flow of currency.
5. Against giving bonuses and believes in equal pay for equal work and thus helping common man.
6. Obama has recently assembled his" dream green team" comprising of one of d best scientific mind n he seeks to use there expertise to create a low carbon economy.
7. Regaining the Image which America has lost when bush was president
8. Getting back of Military forces from Iraq and frees them
9. Fight against terrorism
Coming of Obama is beneficial for America but it may be unhealthy for India to some extent.
It may cause
1. Jobs cutting in India
2. unemployment of Indians in US
3. Degradation of outsourcing Industry in India
And…. So on
Let's see how well he remains stick to these policies..!!
I need the views of every visitor that IS THE PRESIDENCY OF OBAMA BENIFICIAL TO INDIA ???
