New loss for Obama and his reform ideas
Tuesday, January 19th, 2010
Exactly one year after entering into a Desired by U.S. President Barack Obama, he and his Democratic Party realized one of its most serious losses republicans, that loss cost them a qualified majority in the U.S. upper house of parliament – the Senate. Yesterday stock markets in the U.S. rose in anticipation of the victory of Republican Scott Brown in battle for Senate Massachusetts. Brown did not inherit any deceased but in August last year the brother of assassinated President John F. Kennedy – Ted Kennedy, who served in the Senate for Democrats since 1962 without interruption. Election of the new Senate Democratic candidate wins by 52% to 47% according to preliminary data. The rise in stock markets yesterday is understandable since the Republicans who defend the right-wing political ideas, will now be able to block a number of legislative initiatives as related to health reform and strengthening of financial regulation, the analysts wrote. The Economists say that the proposal of President Barack Obama for wider accessibility to health care will cost the country hundreds of billions of dollars, a tightening of financial regulations and bankers’ bonuses are not well received by Wall Street.
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