Published in El Nuevo Herald on January 27, 2012
Prior to the election of President Obama, the previous four periods in the United States have been characterized by a re-election of incumbent president. In the case of Bill Clinton, the explosion of online technology catapulted the largest economic expansion in U.S. history. George W. Bush, having to face an unprecedented domestic terrorism, aroused the patriotism of Americans. Now President Obama, having inherited a country at war and mortgaged has had to take measures unpopular in corporate sectors, but necessary for the purposes of safeguarding our economic model as we know it today.
These measures have a strong drag on the majority of the electorate, as they involve proposals to create jobs, guarantee insurance, fair treatment of immigrants and a special outreach to Hispanics. These are all trump cards for a second presidential term and differ substantially from the Republican offerings, represented by the Tea Party.
Particularly among Hispanics, the Democratic Party is conducting a centrist work, which stresses that the proposals and measures taken are not left-wing and have nothing to do whatsoever with absurd communist theories, as many politicians want to show with purpose to discredit the Democrats.
On July 21, 2010, President Obama signed into law reform known as Dodd-Frank Wall Street Reform and Consumer Protection. This law simply regulate the manner in which operators of the stock market and consumers interact with other investment banks. In other words, the public offering of shares and other securities will now be more transparent and accessible to the general public.
On October 19, 2010, President Obama signed the executive order called White House Initiative on Educational Excellence for Hispanics. Through this act has been carried out across the country a series of round tables where each Hispanic community's leaders meet with the principal directors of the White House to present cases and proposals on employment, health, insurance, mortgages, etc.. Undoubtedly this is a great approach to the Hispanic community.
In the last census, it was established that Hispanic small businesses employed 25% more workers than in the previous census. President Obama maintains a plan to help grow even more rapidly, to 250,000 Hispanic firms. This includes training and summer jobs for young people entering the labor market.
Among other important measures and plans, President Obama is calling for the enactment of legislation that would make it illegal to refuse to hire job applicants just because they have some time unemployed.
The policy of laissez-faire is no longer a valid option. Now the economy can not self-adjust mainly because most actors only carry out orders issued in the market, ie prices and conditions must be accepted even if they lack income.
This is why the measures being taken by President Obama are not only necessary at this historical moment but also that the electorate is expected. Then, the trend in previous elections will continue. We headed for a re-election of President Obama.
Miami
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