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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The U.S. president Barack Obama plans to impose a special tax 50 of the largest banks and financial companies in the country over the next decade, cited by New York Times. Thus the administration of President hopes to attract 90 billion dollars, which could offset any losses to taxpayers from the rescue of the financial sector. This tax will be charged for all banks, insurance companies and brokerage houses with assets exceeding $ 50 billion. He is expected to come into force after 30 June this year and bring at least 90 billion dollars of tax revenue for the next ten years. It said a senior official in the administration of Barack Obama, which does not wish to remain anonymous. He stated further that the tax may remain in force for a longer period in the event that any losses from the program for relief from the problem of financial assets not covered in the meantime. According to government estimates the program worth $ 700 billion will likely bring a loss of 117 billion dollars, this is much better than previous estimates. According to State Administration introducing such a tax would ensure that large financial institutions that are the biggest culprits for the financial crisis and the biggest beneficiaries of the measures the government will take responsibility to ensure that all costs incurred by the funds taxpayers will recover completely.
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U.S. President Barack Obama officially announced that the current re-elected chairman for the next term Bernanke and the Fed hopes to remain an independent institution. In his words, the Fed chairman is among those with the greatest merit should not enter the country again in a situation similar to the Great Depression. As an expert on issues related to the Great Depression, I am convinced that Bernanke has never assume that will be part of a team charged with the responsibility to prevent new, added Obama. But his solid experience, temperament, courage and creativity helped him to do so. This gives me reason to specify the full back of Bernanke as Fed governor, said Obama. His re-election and passes through the approval of the Senate, as chairman of the private banking committee there Chrisofer Dodd nominated. Chairman of the Fed will have to respond to questions from lawmakers, some of whom believe that he has failed to recognize the coming of the crisis and its seriousness. According to them he did not do enough to protect American consumers, while at the same time trigger support schemes for large banks, including Bear Stearns and American International Group (AIG)
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