Foreclosure Victims See Hope in Obama’s Measures

The first month of Obama in White House has seen him taking many measures that are making foreclosure victims once more see rays of hope. He is pushing the country along a new tract in diplomacy, economy and culture.

America is economically down as never before. But the die hard optimists are full of quiet hope that gradually the country will break free from the mess and as it does so a new country will emerge – renewed an rebuilt. Nobody knows exactly what that will be like as never before has the present been so raw and bleeding and the future been so uncertain.

To persuade the Congress give the green signal to the $787 billion stimulus plan President Obama travelled thousands of miles to hold face-to-face meetings with the foreclosure victims. He reached out to many others through the Internet. By taking the direct approach he skirted the power brokers and middle men to feel the pulse of the people and also let the people get direct knowledge of what is happening in Washington D.C.

His strategy reminds one of the activities of Reagan and Roosevelt. His brilliant campaign wherein he made the best use of rhetoric, persuasion and technology has remained etched in the memory of time. But now comes the greatest challenge of the success of its practical application.

After much bargaining the Congress with its Democratic majority gave the nod. The bipartisan spirit was sadly lacking however. It was a disappointment for Obama who had tried to rise above the petty politicking by reaching out to the direct voters who elected their leaders. A leader of sense should and would not go against measures aimed to stimulate the falling economy.

The Republicans want to use a different package of tools to first check the downward fall of the economy and then to pull it up. The Republicans wanted to focus on tax cuts so the investors and business groups could start reinvesting. This would act as a fuel to the dying embers of the economy. Their argument is that the stimulus of Obama would lead to useless spending rather than help to trigger growth.

The pundits of economy are not sure if tax cuts and spending leads to creating of jobs. Since the stimulus package includes both facets it seems reasonable that there will be a noticeable impact on the sagging economy.