In a world where the barriers of Nation States are barely barriers and the society and economies are global in every way, the victory of President-Elect Obama has caused excitement throughout the world that is similar to the fall of the Soviet Union and the bringing down of the Berlin Wall.

It has been a monumental week for the United States and the entire world and we extend our congratulations and best wishes to President-Elect Obama and his new administration.

He enters office at one of the most important points in world history- the US is at war in Afghanistan and Iraq, Iran and Pakistan are perhaps greater threats than North Korea, climate change fear is extreme and the need for alternative energy sources has never been more urgent and the US and world economies are in the biggest state of crisis since the Great Depression and business and consumer confidence is shattered.

I don’t envy his position but I am proud of our friends in the United States for so convincingly offering Obama a clear mandate to fulfill his promise of change. Change was needed and the United States as the engine room of the world is vital in the success and prosperity of so many nations – Australia included.

I wrote an article which is a must read which detailed the size of the American economy compared to China, UK, Japan and Germany. We can also look forward to the announcement of key cabinet positions and I believe it will be a bi-partisan administration.

The election of Barack Obama changes the world’s view that America is a racist nation and his message of ‘spreading the wealth’ provides a welcome corrective to the failed Wall Street mantra ‘greed is good.'(Thank you Henry Thornton).

I’m excited to see what reforms are put into place – including financial regulation, health, education and welfare. As an Australian we enjoy so many safety net protections (although they are far from perfect) and the US reforms may lead to benefits throughout the entire world.

George W Bush has spent like someone spending other people’s money (maybe things would be different if it actually was money coming from his own bank account) and Obama has to resolve this situation as well as a host of other things already discussed.

He is a classy, charismatic man who appears genuine and committed to change for the good of all. He has so far relied on high quality advisers, has kept his nerve, been rational and displayed an infectious level of energy. Good luck President-Elect Obama.

Michael Marquette

FYI: Read more articles on Obama, and the US Election Race

Advertisements