US President Barack Obama is under increasing pressure at this moment from the media, his own party and from the ordinary people to do something about the economy. The time of budget is coming very soon and Obama will have to think of the matter that the mid-term election for Congress is going to happen later this year. So, you cannot expect any tough measures to combat the economic problem. He will perhaps be forced to take some populist measures that may not be in the best interest of the economy but will help people in the short term. I think that more than Obama, the people have to decide that what they want. If they want a short term solution then they will have to suffer again. On the other hand, if they want to have long term solution then for the time being they will have to do more sacrifice and they will suffer now.
What I feel is that none of the two parties in USA at this moment have any vision for the US economy. The democrat and the republican leaders are perhaps confused and they are not sure what will be the best solution for the current crisis. I just hope that real state market does not see another boom because at this moment, many people are worried about their jobs. Any artificial mechanism to improve the US economy may backfire in the near future.
