The Quotes are Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.

Political Economy

    News Headlines and Feed

    Business News Videos

Obama's re-election could be hampered by the issue of racial prejudice. But at least they give a black man the chance. Could one find something similar in Europe? Never.

Sunday, 28 October 2012
As it emerged on Saturday that the Race for the American presidency has been reduced to being decided based on race of the actors not what their plans for the future of the country hold, we here on Scandinavian companies and market, though worried about the effects of racism, we praise the American people for being exemplary and far different from Europe. 

If Obama was born and brought up in Europe, just as many bright black people living in the countries that make up Europe, he would never have been known because the types of opportunities and the ways the Americans accept skills and human beings  is far advanced and civilised that here in Europe.

All over Europe, and particularly here in Sweden the newspaper are full with report about how the first black American president, Barack Obama, though still strongly liked could be voted out of office not because he has done a pretty bad job and not because he has presented a poor plan for the future. No. He might be voted out of office because of the colour of his skin.

We accept that racism is still rise on America and even in 2008. There were those who voted against him just because he has a drop of black blood in him

This came after a recent survey conducted and presented on Saturday by the Associated Press (AP) showed that a poll conducted recently found, "51 percent of Americans now express explicit anti-black attitudes, compared with 48 percent in a similar 2008 survey."

According to AP, "Overall, the survey found that by virtue of racial prejudice, President Obama could lose 5 percentage points off his share of the popular vote in his Nov. 6 contest against Republican challenger Mitt Romney, " reports Huffington post.

The Huffington post reports blog titled "Racial Prejudice in 2012" reports that the 2012 presidential election campaign has been disappointing especially the view that if President Barack Obama was white it is likely he would be on his way to a landslide victory.

The blog post on Huffington post analysed some of the strong problems President Obama inherited which it described as "a disastrous mess." "When he entered office the economy was shrinking at 9 percent annually due to the Bush Recession. About 800,000 Americans were losing jobs each month."

The banking system was on the verge of collapse, the housing market was a disaster, and the American car industry was dying. The country was engaged in two difficult and costly wars, both in lives and resources, with no end in sight. Meanwhile, Osama bin Laden, the leader of Al Qaeda, and mastermind of the worst attack on U.S. soil, continued to plot against America and its allies, writes Huffingtom Post.
However, the new president, immediately started facing fierce partisan opposition, but signed into law the Recovery Act, a.k.a. the stimulus package. Although it was smaller than he originally proposed, most economists credit it with righting the stalling economy, which also benefited his republican rivals such as his now strong critic, Paul Ryan who will the vice president, should Mitt Romney wins.

Among other, the president also signed tough banking reform legislation to assure a similar crisis would not occur. He bailed out the American auto companies over the objections of many Republicans, including Governor Mitt Romney, who wrote in a New York Times op-ed piece that they should be allowed to go bankrupt. The auto bailout saved one million jobs, and now the industry is vibrant again.

Then the president also want on the pass the Affordable Health Care Act what is known as the Obama care, that tried to clean the shambolic American healthcare system by making health care more affordable and accessible to all Americans,

Besides all these are his desire to improve of the American image abroad, as well as many other achievements, it looks like he did not do enough to enable him easy access to a second term. Unemployment is still high,  one of the most troubling issue in his presidency but his opponents have time and again blocked his attempt to solve this problem by refusing in congress to sign his jobs bill.

Many Americans know that Obama is a great leader and the one who could turn the economy around but his race now stand on the way. Reports hold that racial prejudice actually increased in America over the past four years with an African American in the White House, a president who has rarely raised the issue of race.

Whether Obama wins or looses, America has still stood out as a leading country in the world where dreams can me made. Here in Europe just getting a job as a black person is so hard. In Sweden for example, the path of a black person is designed from primary school. Sports, drama, cleaning jobs are the areas that are designed for any person not having a western sounding name to shift to. All the countries in Europe would feel very uncomfortable having a person of colour making progress - economically, politically or socially.

In the UK, driving a nice car, the police will stop you and ask for your papers to prove that you own the car and then they will ask to know what you do in real life. Business start-ups among the black people in Europe are almost zero and one factor is lack of access to capital. In the UK recently, it was shown that the majority of black youths are unemployed even though many of them have academic qualification.

So, Obama being the first black president in the USA, it shows that American is far advanced than most of the so called old Europe. Even if he is not re-elected, it has show that all the wonderful black entrepreneurs and stars that have appears to us here in Europe and all the  great things that America has given us, they have a better sense of humanity than the so-called progressive Europe.
By / Editorial team

What do you think about this article? Suggest correction or join our network!

Print Friendly and PDF