The American dream, where a man comes from the bottom of the society and has the chance to become one of the richest men in the world, is deep inside the American mentality. Everybody could come to the United States and try to live this dream. Due to globalization the chance of getting rich, as a poor person, has dramatically decreased. It is more difficult to earn a lot of money when you are coming from the poor than before. This is based of more competition due to other nations that entering the American market and the recession the USA is facing. On this account the actually candidate for president, Barack Obama, wants to fight against the current economic developments.
His democracy party is focusing on the requirements of the middle and lower class in the United States. Statistics has been shown that the middle class is decreasing during the gab between the richest and the poorest is increasing.
To be blamed are the multinationals, which are producing abroad in countries like Mexico and China to reduce production costs and the immigrations, which are working for a cheaper loan by producing in the same quality in the same time as the Americans.
Also the huge trade deficit, that the USA is facing, is not conductive to increase job opportunities. According to that the unemployment is rising and the people feel helplessness. Nevertheless the party of Obama give good explanations for the last economic developments. One of the heaviest faults the last governments did was the NAFTA, which allows companies to expand to Mexico and Canada and this leads to losses in American jobs and legal and illegal immigration.
Thus the party wants to limit the agreement between these three countries, so that the free trade zone will be more regulated in advance for the middle class and lower class. Additional, other regulations will be followed, such as higher general trade barriers in form of tariffs and quotes.
To strength the middle and lower class, Obama wants to cut taxes, whereas the rich people have to pay more taxes. These new implications should give the people more money to live and to pay mortgages and therewith should give them their optimism back, the optimism of the American dream. However there becomes the question if his response to stabilise the middle class in the US is the right one or is there another way to solve the problem.
The other candidate, McCain, from the Republican Party wants to solve the actual social problem in a more economically way. He says that globalization will cost American jobs, but will also create new jobs and through education and training programs people can learn new jobs and find work again. For him the free trade and going with the globalization is priority number one and is the key factor for future success in America.
In an economic point of view, Obama is going a wrong way by limiting the free trade in order to protect the American workers. When the US is shutting down its boarder for trade other countries will follow than global businesses for America will decrease, imports costs will increase as well as limited and than multinational will go out of the country, which again will increase the unemployment.
Thus to play against globalization is not in the interest of the country. Either way the globalization cuts job, but also will create new opportunities. Instead of complaining the united citizen of America should concentrate on the future and try to specialize on new developments, which will ensure the future revenues. Before, the US specialization has been on production and manufacturing of goods and services. Now, due to globalization it is cheaper to produce in developing countries and the USA has to use the new free producing power to specialize in other features, that support exports and fits the interest of the whole country the best. Examples on which sectors the economy should concentrate would be services, technology developments, etc. Amazing is that already 1, 3 million new jobs were created by exports and more will be followed, if the US will go with globalization and free trade, not against it. To go with the future was always part of the US policy in the last century. This was the way how the American dream was able to realized by so many people, therefore why stopping now, when a new challenge is coming instead of taking the chance to be a big part of a big global future.
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