Saturday, December 22, 2012

DESPITE SUSTAINED ECONOMIC RECOVERY IN THE USA FUTURE ECONOMIC DOWNTREND REMAINS FORESEEABLE, DUE TO POLITICAL DISPUTE BETWEEN THE TWO MAJOR POLITICAL PARTIES, THE REPUBLICAN AND THE DEMOCRATIC POLITICAL PARTIES.

DESPITE SUSTAINED ECONOMIC RECOVERY IN THE USA FUTURE ECONOMIC DOWNTREND REMAINS FORESEEABLE, DUE TO POLITICAL DISPUTE BETWEEN THE TWO MAJOR POLITICAL PARTIES, THE REPUBLICAN AND THE DEMOCRATIC POLITICAL PARTIES.

       Despite sustained recovery in the USA economy after the major economic downtrend of the year 2012 future economic downtrends remains foreseeable, due to the political dispute between the two major political parties the Republican Political Party and the Democratic Political Party on the fiscal responsibility. The Republican Party economic revamp in spending cuts and tax increase has been threatened by the USA complex decision making process and the Highest Executive power and authority to override legislators decisions on both political and economic issues, despite the Republican Party Congress majority, if no compromise has been reached between the two major political parties on the economic issuesthat entailed the mounting debt, the ballooning budget deficit and the devaluating USA currency the American dollar. The Democratic Political Party clout in the White House and Senate majority may result in further release of stimulus checks that seemed to have apparently stimulated the economy, the tax increase on the wealthy Americans and additional funding of the bias social security benefits and disability budget that has exceeded the threshold of over ninety one point five billion USA dollars in social security and disability on the annual budget.


                                                                 Written by Professor Godfrey Ohia.

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