Political Issue



Political Issue

Introduction

The presidential election 2012 is one of the much waited elections. It will be held by the end of the year. This is going to be the 57th quadrennial presidential election whereby President and the Vice President would be elected by the presidential electors. President this election for the president will take place at the same time as the election for the country's senators and also the elections for the senators of the country. Barrack Obama too will be running in this election as he has his final term left. This paper intends to discuss the issues which tend to be identical with the issues identified and highlighted by the individuals intending to take the White House. Thus, the issue which this paper will shed light on includes inflation and the Poverty. However, the fact needs to be kept in view that the issues will only be dealt in relation to the spirit of this paper. This paper tends to be divided within the sections as the sections tend to inculcate hypothesis along with the literature review.

Hypothesis 1:

President Obama has failed to curtail the inflation making life increasingly difficult for the Americans and specifically for the women.

Hypothesis 2:

President Obama has failed to curtail in the Poverty in the United States of America.

Literature Review

Rise in the food prices is tempered by decreasing the prices of gasoline and automobiles. The word tempered used here is not clearly mentioning the positive or negative impact on the food prices. Plus the decisions now taken tends to be in line with the data of the month which is quite enough for analysts to base their decisions; the rationale behind this statement looks unrealistic as to on what ground he is basing his conclusion. The data of CPI shows a slight increase in food prices of 0.1 % and according to the government's statistics the overall decrease in the CPI inflation was due to the relaxation in gasoline and automobiles prices (www.bls.gov, 2011).

Plus, in the course of the paper the decisions needs to be made that further adds that the investors seemed to be more interested about the impact of European debt crisis on the US economy and the decision of Fed policy makers. He is not clear about the investors he is referring to; does he mean local investors, foreign investors or both. Mr. Rankin of PNC Bank gave the suggestion to Fed to control the inflation, by decreasing the long term interest rates. He has not mentioned the probable outcome if the suggestion is implemented by the Fed.

Mr. Blitz the senior economist for ITG Investment Research suggested that rents are a factor which is increasing the index, but it could positively impact the economy as it can encourage construction in multifamily homes and rental housing. It is a good example to help the economy. One more reason for the increase in CPI is the weakened dollar which means imported goods are more expensive for the ...