Impact of Obama's winning the elections on the U.

S economy
Introduction:It is now official; Barack Obama will serve a second four-year term as president of the United States. Upper-income Americans may face a tax increase. Auto fuel economy standards might be raised. Stocks of construction and engineering companies could benefit. America's decision to re-elect President Barack Obama over Mitt Romney will affect all that and other elements of the U.S. economy and financial system from the health care law to the overhaul of financial rules. At the same time, a gridlocked Congress will limit Obama's influence. Tuesday's election kept Republicans in control of the House. Democrats still control the Senate, but without a commanding majority. Here we are basically focusing on the impacts of the recent elected president and there impacts.
Motivation Factor:-

The main problem with this era is that the present administrations around the world especially America has the view that to boost the economy of their nation the only option left is to target the high income groups and cut taxes for the low and middle income group. Though this strategy is a key towards increasing the income in hand for all the citizens but it is not the only way to increase the liquidity in the economy. One important factor for consideration in any economy is to measure the fiscal deficit of the country. In todays economy the fiscal deficit plays an important role in the all over development of a nation. It decides on the future prospects of the country. By fiscal deficit we mean the how much the expenditure of a country exceeds the revenue of the country. Another issue with cutting the spending and increasing taxes are that it pushes the country into recession. This is also a reason for rising rate of unemployment which is one of the key features to look for in macroeconomic factors in a country. To look into another factor the deepening condition of European economics is another reason of concern for the growth of Indian Economics. Stock prices are plunging every day as the European union is struggling to get over its recession crisis. To boost the Indian economy, it is very important to invest on infrastructure. Though the country has hugh potential, it needs to invest more on roads and buildings for its economy to grow further on firm foundations.

One of the key areas of concern that the world is looking into is the next presidential elections in the United States of America. The boom in the U.S. oil drilling is likely to continue which is going to boost the investor confidence further to invest into the economy. To back the environment the more environment friendly technologies should be used. Clean energy fuel systems can be used as a substitute for petroleum and coal. Health Care is one of the key issues that any developing as well as developed country is pursuing. Health care is one of the key indexes to measure human development index in any economy. A new health care policy is on the waiting that would take care of millions of uninsured Indians who have serious health care need in India. Drug makers and health care institutions in the country need special subsidy from government and investors to make it possible for every citizen to achieve health care facilities at a cheaper rate.

Objectives for the study: 1) The main objective for our study is to analyse the impact on various economic sectors of US economy post elections 2012. 2) Our objective is to seek for the changes which happen post 2008 election after OBAMA was elected as a president and his future plans for the US economy. 3) Our study will eventually seek that whether the reforms OBAMA has done and about to do is going to impact on the Global economy.

Review:

As of this writing, although it looks like Obama has a lock on the Electoral College victory, but it has simultaneously appears lost the popular vote to Romney. The re-election of Obama means that he is in his second and last term, of course and Obama no longer needs to restrain his actions according to popularity. He can simply unleash any desirable executive order bypassing Congress as he has frequently promised to do. All this puts America in a very dangerous situation given Obamas well-demonstrated desire to destroy freedom and liberty in America. As Obama is anti-health freedom, anti-food freedom, anti GMO labelling, anti-medical freedom and anti-farm freedom. Hes the one, who issued an executive order claiming government ownership over all farms and farm equipment.

He has recently issued an executive order which he signed secretly during hurricane sandy in which the homeland securities were merged with local corporate bodies to grant the executive branch of government a power monopoly over the nation bypassing the courts and Congress. Moreover, under Obama, the national debt experienced a massive blowout where Obama added trillions of dollars to the existing debt. Right now, Obama is overseeing a trillion dollars a year in additional debt an amount that simply cannot be sustained without running smack into a financial catastrophe. It now appears that financial collapse it going to occur under Obama, not Romney. Under Obama the dictatorial government healthcare will increase as Obamacare will grow like a cancer pushing Americans into mandatory vaccinations that inject children with mercury, formaldehyde, MSG and aluminium. The Obama administration will wage even more wars against raw milk freedom, farm freedom and food freedom, all while requiring yet more foods to be pasteurized or fumigated under the guise of food safety. A giant sucking sound of employers leaving America, As hiring offshore workers instead of creating jobs in the USA would lead to less jobs The combination of those measures could send the economy back into recession and drive the unemployment rate back up to 9% next year, according to estimates by the Congressional Budget Office. The rate is now 7.9%. There will be a lot of brinksmanship, and that will hurt the economy and likely upset the financial markets.

Reference:http://useconomy.about.com/od/fiscalpolicy/p/Obama_economy.htm http://www.huffingtonpost.com/huff-wires/20121107/us-election-economic-impact/
http://www.usnews.com/opinion/blogs/world-report/2012/11/08/5-foreign-policy-challengesobama-can-tackle-from-home

Team Members
Kanchan Kumar Roy Dashmeet Singh Piyush Tyagi