President of the United States, Barack Obama, admitted frustration with the hands of politicians who survive by their own interests when discussing how to address the nation's economic problems. Because of their act, continued Obama, the U.S. viewed it struggles to overcome economic crisis, which again threatened his country.
The expression of frustration that he was accusing Obama during a speech in front of the car factory workers in the city of Holland, the state of Michigan, Thursday. "There is nothing wrong with our nation, the problem actually is in our politics. You heard right, I'm frustrated," Obama said, as quoted by the news station CNN.
He was upset with the attitude of the representatives in Congress, who insisted defend the interests of each party every time discussing economic issues. Partisan spirit was seen when they need time for weeks before it finally agreed to set a new maximum of U.S. debt last week.
According to Obama, the situation he described as the worst form of partisan and the most severe stagnation in Congress. That makes the rating agency Standard & Poor's seeing signs is wrong with the U.S. budget deficit and lower bond ratings of uncle Sam, from AAA to AA + level, causing panic in the stock market.
It was the first time the U.S. experienced a ratings downgrade by Standard & Poor's. For Obama, the supposed decline in ranking could be prevented if Congress immediately compromise regarding the new debt and deficit. "That did not happen because we are then unable to pay the obligations. It will happen because Washington does not have the capacity to jointly address the problem," Obama said.
The expression of frustration that he was accusing Obama during a speech in front of the car factory workers in the city of Holland, the state of Michigan, Thursday. "There is nothing wrong with our nation, the problem actually is in our politics. You heard right, I'm frustrated," Obama said, as quoted by the news station CNN.
He was upset with the attitude of the representatives in Congress, who insisted defend the interests of each party every time discussing economic issues. Partisan spirit was seen when they need time for weeks before it finally agreed to set a new maximum of U.S. debt last week.
According to Obama, the situation he described as the worst form of partisan and the most severe stagnation in Congress. That makes the rating agency Standard & Poor's seeing signs is wrong with the U.S. budget deficit and lower bond ratings of uncle Sam, from AAA to AA + level, causing panic in the stock market.
It was the first time the U.S. experienced a ratings downgrade by Standard & Poor's. For Obama, the supposed decline in ranking could be prevented if Congress immediately compromise regarding the new debt and deficit. "That did not happen because we are then unable to pay the obligations. It will happen because Washington does not have the capacity to jointly address the problem," Obama said.
That's what makes Obama's once again called on Democrats and Republicans to immediately put aside their own interests. This is considering they're setting up a special committee to formulate ways of reducing the budget deficit. They should make recommendations in November.
However, the task now is Congress should immediately ratify a number of important laws, namely the imposition of tax on salaries, construction of roads, free trade with South Korea, Colombia, and Panama. "The only thing that prevents the law was passed was the refusal of some members of Congress to advance the interests of the state rather than party," Obama said.