<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Hobby Economist &#187; Obama</title>
	<atom:link href="http://www.hobbyeconomist.com/tag/obama/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.hobbyeconomist.com</link>
	<description>Global Business and Economy Blog</description>
	<lastBuildDate>Thu, 26 Aug 2010 23:31:59 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	
		<item>
		<title>President Obama: Will Healthcare Victory bring Election Win?</title>
		<link>http://www.hobbyeconomist.com/2010/03/president-obama-will-healthcare-victory-bring-election-win/</link>
		<comments>http://www.hobbyeconomist.com/2010/03/president-obama-will-healthcare-victory-bring-election-win/#comments</comments>
		<pubDate>Sat, 27 Mar 2010 00:55:38 +0000</pubDate>
		<dc:creator>Razib Ahmed</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Healthcare]]></category>
		<category><![CDATA[Obama]]></category>

		<guid isPermaLink="false">http://www.hobbyeconomist.com/?p=95</guid>
		<description><![CDATA[Later this year, there is going to be election in USA. No, the post of Obama is not at stake but the seats of many Congressmen are at stake. Right now, the president is celebrating his victory over the healthcare bill. Many ordinary people in the country are happy too with him. However, there are [...]]]></description>
			<content:encoded><![CDATA[<p>Later this year, there is going to be election in USA. No, the post of Obama is not at stake but the seats of many Congressmen are at stake. Right now, the president is celebrating his <a href="http://www1.voanews.com/learningenglish/home/Obamas-Heath-Care-Victory-Political-Risk-89299542.html">victory</a> over the healthcare bill. Many ordinary people in the country are happy too with him. However, there are many too who did not like the bill. So, now, Obama will have to try hard to satisfy at least his supporters. The healthcare bill should be implemented in a good way.</p>
<p>Often a good bill is passed but then it is not followed well and people do not get the benefit. This should not happen to the healthcare bill. Obama should personally try that the benefits reach to the ordinary people and maximum number of people.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.hobbyeconomist.com/2010/03/president-obama-will-healthcare-victory-bring-election-win/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Should Obama Put Tax Money for Job Creation Now?</title>
		<link>http://www.hobbyeconomist.com/2010/03/should-obama-put-tax-money-for-job-creation-now/</link>
		<comments>http://www.hobbyeconomist.com/2010/03/should-obama-put-tax-money-for-job-creation-now/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 16:09:22 +0000</pubDate>
		<dc:creator>Razib Ahmed</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Obama]]></category>

		<guid isPermaLink="false">http://www.hobbyeconomist.com/?p=85</guid>
		<description><![CDATA[In 2009, Obama administration put a lot of tax pay as money to bring the economy out of recession. In 2010, the USA economy is somewhat out of recession danger zone but the reality is that the life of people is still tough. The main problem is that most people who lost jobs during the [...]]]></description>
			<content:encoded><![CDATA[<p>In 2009, Obama administration put a lot of tax pay as money to bring the economy out of recession. In 2010, the USA economy is somewhat out of recession danger zone but the reality is that the life of people is still tough. The main problem is that most people who lost jobs during the recession months have not got back their jobs. Unemployment is now the biggest challenge and it seems that job creation is happening very slowly. So, I was thinking today whether <a href="http://www.barackobama.com/">Obama</a> should put more money to help creating jobs.</p>
<p>Last night, many people in USA were searching about IBM lay outs and you know that IBM employees thousands of workers in USA.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.hobbyeconomist.com/2010/03/should-obama-put-tax-money-for-job-creation-now/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mounting Tension on US China Relationship</title>
		<link>http://www.hobbyeconomist.com/2010/02/mounting-tension-on-us-china-relationship/</link>
		<comments>http://www.hobbyeconomist.com/2010/02/mounting-tension-on-us-china-relationship/#comments</comments>
		<pubDate>Sun, 07 Feb 2010 21:07:21 +0000</pubDate>
		<dc:creator>Razib Ahmed</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Obama]]></category>

		<guid isPermaLink="false">http://www.hobbyeconomist.com/?p=77</guid>
		<description><![CDATA[It seems that USA is now in serious conflict with China over a number of issues. Some of the issues are political and some are purely business related matters. Now, Chinese government is very angry that Obama is meeting with Tibetan spiritual leader Dalai Lama. This is perhaps one of the few problems that have [...]]]></description>
			<content:encoded><![CDATA[<p><em>It seems that USA is now in serious <a href="http://www.latimes.com/news/opinion/la-ed-china7-2010feb07,0,7375612.story?track=rss">conflict with China</a> over a number of issues. Some of the issues are political and some are purely business related matters. Now, Chinese government is very angry that <a href="http://www.vancouversun.com/Obama+meet+Dalai+Lama+despite+China+warnings/2513659/story.html">Obama is meeting</a> with Tibetan spiritual leader Dalai Lama. This is perhaps one of the few problems that have put the US-China relationship in a lot of tension in the last few days. </em></p>
<p><em>The bad relationship of this time started with the announcement of <a href="http://laptopcom.blogspot.com/2010/01/google-and-china-unicom-stops-releasing.html">Google</a> that it suffered hacking attempts in China and it was pulling out of business out of China unless Chinese government decided to stop censoring the search results. In other words, Google wanted China to open up its internet and it is perhaps impossible because Beijing is run by a communist government. </em></p>
<p><em>Hillary Clinton, who is the secretary of states of USA, publicly supported Google and criticized Chinese administration for their censorship. This did not go well in China. </em></p>
<p><em>Then was the issue of <a href="http://blogs.telegraph.co.uk/news/timcollard/100025262/us-china-tibet-and-taiwan-game-on-or-game-over/">selling weapons to Taiwan</a>. More than anything, Chinese leaders got very annoyed with this matter. They even threatened to take actions against the US companies who would sell weapons to Taiwan. The permission to sell the weapons to Taiwan came from Obama and it was $6.4 billion worth of business. We know the history between China and Taiwan and we also know about the US involvement about the whole problem. </em></p>
<p>US government is also annoyed with some economic issues. For example, America wants Beijing to open up its market for foreign goods. Another matter that American leaders want very deeply is that Chinese government carries out some kind of appreciation to their currency Yuan. The price of currency in China is controlled by the government and China has kept the currency under actual value to support its export efforts. As a result, Chinese products are cheaper in other countries.</p>
<p>USA is also unhappy with China’s close relationship with Iran. USA wants to isolate Iran from the rest of the world but China is not with Washington in this matter. China has also announced that it will not appreciate the currency and will go on the way that helps its own people.</p>
<p>In the past, we have noticed that relationship between China and USA was not very good but both the countries continued doing business because they both need each other. So, I don’t see any kind of big conflict or crisis happening with the current bad relationship between Washington and Beijing.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.hobbyeconomist.com/2010/02/mounting-tension-on-us-china-relationship/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Barack Obama Should on the Economy Now</title>
		<link>http://www.hobbyeconomist.com/2010/02/barack-obama-should-on-the-economy-now/</link>
		<comments>http://www.hobbyeconomist.com/2010/02/barack-obama-should-on-the-economy-now/#comments</comments>
		<pubDate>Sat, 06 Feb 2010 17:39:35 +0000</pubDate>
		<dc:creator>Razib Ahmed</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Obama]]></category>

		<guid isPermaLink="false">http://www.hobbyeconomist.com/?p=74</guid>
		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p>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 <a href="http://en.wikipedia.org/wiki/Barack_Obama">Obama</a> 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.</p>
<p>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.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.hobbyeconomist.com/2010/02/barack-obama-should-on-the-economy-now/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Obama: Budget Deficit is becoming a Bigger Challenge</title>
		<link>http://www.hobbyeconomist.com/2010/02/obama-budget-deficit-is-becoming-a-bigger-challenge/</link>
		<comments>http://www.hobbyeconomist.com/2010/02/obama-budget-deficit-is-becoming-a-bigger-challenge/#comments</comments>
		<pubDate>Tue, 02 Feb 2010 15:23:09 +0000</pubDate>
		<dc:creator>Razib Ahmed</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Obama]]></category>

		<guid isPermaLink="false">http://www.hobbyeconomist.com/?p=70</guid>
		<description><![CDATA[If you think that job creation was the biggest problem for President Obama then perhaps you are wrong because it seems that budget deficit is even a bigger problem. It has already reached to alarming level and something should be done as soon as possible. The main problem for president Obama is that at this [...]]]></description>
			<content:encoded><![CDATA[<p>If you think that job creation was the biggest problem for President Obama then perhaps you are wrong because it seems that budget deficit is even a bigger problem. It has already reached to alarming level and something should be done as soon as possible. The main problem for president Obama is that at this moment, he has to think of saving the economy first and creating jobs. So, naturally he has to take some Measures that will boost the economy and create some but he cannot afford to take the budget <a href="http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/02/02/MNNC1BQTKK.DTL">deficit out of control</a>.</p>
<p>President Obama has passed one year in office and there was a lot of expectations from the people who voted and elected him. Now, many people are perhaps disillusioned and Obama will have to work very hard to get back their support.</p>
]]></content:encoded>
			<wfw:commentRss>http://www.hobbyeconomist.com/2010/02/obama-budget-deficit-is-becoming-a-bigger-challenge/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Job creation is the biggest challenge for Barack Obama</title>
		<link>http://www.hobbyeconomist.com/2010/01/job-creation-is-the-biggest-challenge-for-barack-obama/</link>
		<comments>http://www.hobbyeconomist.com/2010/01/job-creation-is-the-biggest-challenge-for-barack-obama/#comments</comments>
		<pubDate>Fri, 29 Jan 2010 15:02:15 +0000</pubDate>
		<dc:creator>Razib Ahmed</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Jobs]]></category>
		<category><![CDATA[Obama]]></category>

		<guid isPermaLink="false">http://www.hobbyeconomist.com/?p=68</guid>
		<description><![CDATA[Day before Yesterday, Barack Obama gave his state of the Union address. He tried to assure the people that his administration understood the misery of ordinary people. It is the year of mid-term election in congress and that is why, Obama mainly talked about the issues that American people want to hear most and naturally, [...]]]></description>
			<content:encoded><![CDATA[<p>Day before Yesterday, Barack Obama gave his state of the Union address. He tried to assure the people that his administration understood the misery of ordinary people. It is the year of mid-term election in congress and that is why, Obama mainly talked about the issues that American people want to hear most and naturally, American people want jobs now.  He did not say that much about foreign policy and he mostly talked about economy.</p>
<p>The biggest challenge for Barack Obama at this moment is that although US economy has more or less come out of the global recession, many people are still suffering from unemployment. There is no sign of any job creation but some people are losing jobs every month. So, the first thing that he has to do is inject some jobs in the economy and it is becoming quite a challenge for him.</p>
<p>It is very easy to give a speech about the economy but it is another matter for a president or a government to create some jobs. I don’t think that it will be very easy for Obama and I am not hopeful for it that much. As I just said that it is not only the work of the government and in fact creating jobs does not only depend on government activities. There are many factors and one of the most important factors is that the private companies would have to sacrifice some and think of giving some benefit to the people. The main problem with US economy is that most of the private companies have to think of their share holders and if they can not deliver good profit then share holders will not be happy. As a result, when your only focus is profit rather then creating jobs, helping the national economy does not get any importance or priority.</p>
<p>Another factor is the people. USA is a consumer based economy and here a lot depends on what people think. On the one hand, because many people are out of jobs so consumer confidence is not that much. On the other hand, US people have to perhaps become more educated about their economy and have to spend the money in a wiser way so that more jobs can be created. In fact, the people have to remember that they have to think of some good ways that can help the US economy and can help to create jobs. I do not see any effort from Obama administration in this regard. I think that president Obama and his colleagues should try to educate the American people about economy more and advise the people for spending the money in a way that can benefit the US economy in creating new jobs.</p>
<p>Because of these reasons, I think that it will be very difficult for Obama to create jobs in large number in 2010. However, I do not want to blame him because he was at the wrong time and wrong place. He got a lot of popular votes but he inherited a recession that he had nothing to do with. After all, Obama administration was not the cause of global economic recession or US economic recession. Even it did not start at his time but when he started his presidency, he had to forget other things and deal with this problem alone.</p>
<p>Related Articles</p>
<p><a href="http://www.guardian.co.uk/world/2010/jan/28/obama-job-tour-state-union">Guardian</a></p>
<p><a href="http://www.washingtonpost.com/wp-dyn/content/article/2010/01/29/AR2010012901177.html">Washington Post</a></p>
]]></content:encoded>
			<wfw:commentRss>http://www.hobbyeconomist.com/2010/01/job-creation-is-the-biggest-challenge-for-barack-obama/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>
