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America’s Choice - 2008: Traditions Oppose Changes, TrendCapital Observer

Oil&Gas Materials 23 June 2008 13:33 (UTC +04:00)

Azerbaijan, Baku, 23 June / Trend corr. E.Tariverdiyeva / The key topics of the upcoming presidential elections in the United States will be as following: economy and war, which are issues of paramount importance for all American election campaigns in the end of 20th century. The elections-2008 must solve immeasurably more: America is looking for a way out of crisis.

By coming of a new administration to the White House, the country will face either war in the Middle East or 100% increase in oil price, or negotiations with regard to cheaper crude oil.

The relevant issue for disputes between the two candidates for presidential post in the United States has become the withdrawal of troops from Iraq and prospects to launch military operations in Iran.

The candidate from the Democratic Party, Barack Obama has promised an immediate withdrawal of troops from Iraq, once he wins presidential elections. The Republican John McCein has stated that the plans by the Senator from Illinois would lead to war adding that he would keep the military presence in Iraq until a complete success.

Evidently, the issue regarding Iran stands behind all the pro-military argumentations. On the completion of his presidential term, Bush's administration preferred to insure itself, and in 2007 it devised a strict legislation basis -amendment Cail-Liberman, which blames Iran of active support for terrorists and blocing any further negotiation process between Washington and Teheran.

Senator McCain, who pursues the same political course as the President Bush, has voted to pass the amendment Cail-Liberman. However, Obama did not participate in the elections, demonstrating his disagreement to the amendment.

Obama makes almost impossible promises for Washington: the negotiations with all 'Bush's enemies', Iranian President Mahmoud Ahmadinejad, Syrian President Bashar Asad, Chairman of the Supreme Popular Assembly in the North Korea Kim Chen Ir and Hugo Chavez, President of Venezuela.

The Senator from Illinois does not wish a war. Maybe this is the reason of the increasing confidence of the Americans in him. Bush leaves country in a deep economic crisis against a background of the ceaseless military operations and mortgage lending crisis.

Should Americans risk by trusting the post of president to his successor? Will McCain able to improve the situation around fuel prices, unemployment and loss of the mortgage deposits by continuing the policy of the current president?

According to the opinion poll by Pew Research published by Wall Street Journal at the end of May, 51% of the voters believe that the democrat Obama is able to improve the economic situation in the United States.

Barack Obama supports the American producers to greater extent than McCain. He initiated restoration of jobs through production and new technologies. Obama supports the recovery of the part of the industrial production to the U.S. which was transferred to the Asian countries but on the new economic basis. This initiative simply can not gain the support of the voters.

The prospects of the military operations promised by McCain will aggravate the economic situation inevitably leading to the run-up in fuel prices. Indeed, at the last moment of the election campaign McCain insured himself before the voters by supporting Bush's idea to cancel ban on the development of the giant oil deposits in the American shelf which can help to slow oil pries and lessen U.S. dependence from the oil import.

However, the senator from Arizona supports spending $1.2bln for the tax remissions for the oil giant ExxonMobile while his rival intend to make oil companies including Exxon to pay taxes for their over-incomes and to use this money as a compensation for families suffering from the increasing fuel prices.

Barrack Obama plans to solve fuel crisis by investing $150bln to the production of bio-fuel of new generation. He also plans to double assignments for the scientific research in developing ecologically clean energy by using biomasses, energy, solar energy and wind power.

The presidential candidate from the Republicans has his own way to address skyrocketing oil prices. He intends to build 45 nuclear power stations by 2030 which will significantly lessen U.S. dependence on the oil import.

The United States has two ways: the well-grounded traditionalism under John McCain's supervision or beginning everything from the start under Obama's leadership. Time will show whether the conservative America exhausted from the wars and weak dollar, wants to risk and the candidates taking their post in the White House will keep their promises.

The correspondent can be contacted at: [email protected]

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