Robert Reich’s Blog on Obama 1st 100 days.

Came across a couple of blogs and website and I really like Robert Reich’s blog posts on his thoughts on the current economy crisis, and how the US should be tackling it though I do not exactly agree to all.  His post on Obama’s first 100 days attracted my attention. Personally we need some more time to see how the stimulus would work. Though Obama’s plan to bring the funds back to the States, there is also a possibility that this may cut down companies competitiveness as costs would increase. If the 2% in the States for corporate establishments were that attractive, then why would these companies station off the US shores ? As an outsider, I am curious how the US system works. To me, the culture is different. During the Asian economic crisis about 10 years ago, many Asian countries were in a financial wreck, notably South Korea, Indonesia and Thailand. Singapore exacped the crisis relatively unscathed because it is small and much easier to regulate and control. In the US, I feel the system is very much more complicated and political in nature. Passing a law off needs a lot of consensus, and that takes off time to pass crucial law to implement fast. Whether anyone wants to admit it or not, the state of the US economy affects the world too. I do hope the steps implemented in the States are going to lead us all out of this chaos. Quick thoughts for now.

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