Super power of the world, United States of America is suffering from severe economic crises these days. President Barack Obama is tryinh his level best to cope up with the economic crises. Though he is facing severe criticism from his opponents however he is still trying his best.
Due to the economic crises several American banks and other financial institutions have claimed bankruptcy. Moreover, America is also facing highest rate of unemployment in 2010 and 2011. People were wondering that After Bush, Barack Obama will play a role of rescuer for them and will solve all their issues however this is not the case.
Barack Obama has requested for a joint congress session on September 7 to announce the plans of curbing the economic issues. Obama said, "It is my intention to lay out a series of bipartisan proposals that the Congress can take immediately to continue to rebuild the American economy."
Though it seems difficult to curb the economic crises however Obama an his team is orking at their best. It seems as if it will yake almot 2 to 3 years to cope up with these economic crises.