Wednesday, September 1, 2010

DESPITE MASSIVE CRITICISM OF THE CURRENT ADMINISTRATION UNPRECEDENTED DEBT AND BUDGET DEFICIT ACCUMULATION, THE SYSTEM'S AUTHORITY TO CREATE EMERGENCY FINANCIAL PACKAGES SHOULD NOT BE FORGOTTEN.

Despite massive criticism of the current administration in regard to the unprecedented debt and budget deficit accumulation, besides the rally that had been held in the States capital for the restoration of unspecified honor of the country that may strain the Democrats chances for re-election in the White House and for the majority in both the Senate and the Congress which the administration seemed to have ignored, inspite of its continuous decrease in rating, specially in the handeling of the system's affairs in various fields.
The administration effort in resolving the worse world's financial crisis by the financial packages released that have had minimal impact on inflation and the devaluation of the world's reserve currency the American dollar should not be forgotten, in addition to certain significant projects that required the system's authority to create emergency financial packages.

Written by Godfrey Ohia.

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