What financial factors will impact 2012 Presidential Elections - Essay Example

Presidential Elections Financial Factors Affecting Presidential Elections In United s, the Presidential Elections will be held of 6th November 2012. The candidates face several critical issues especially related with the economic and financial condition of the country. The Democratises and Republicans have presented their stances over the issues of , budget, tax management, debt, market structure, trade and employment conditions and it is widely believes that their perspectives divulged over the issue will determine their position in the elections because these financial factors have very strong influence upon the public opinion regarding the Presidential elections.

The financial crisis in the USA has been impactful on areas such as the businesses, inflation, budget, real estate and many other sectors. In the same way these financial management issues also greatly tend to effect the presidential elections this year yet to be held. The financial factors are affected to affect the Presidential elections very strongly because the financial crisis in the USA has been an issue for more than 5 years. It is widely believed that the budget, the housing markets, inflation rates etc.

have not been managed properly which will cause great impacts on the elections. Citizens believe that these problems have been caused because of the wrong decisions taken by the president. Thus, the people are outraged and want a president who will take wise decisions for the betterment of the country and to improve the state of financial affairs. Financial management of unemployment will greatly impact the elections as well. Unemployment has been greatly due to the wrong policies used. Businesses have shut down and people have lost their jobs.

This will impact on the presidential elections as the people would want a leader who will fulfil all their demands and who will take care of the unemployment problem. Poor property market shows that people have to leave their houses and come on streets along with their families. This will impact the elections as real estate is going in financial crisis and the government will suffer. As the elections are approaching, people have greater expectations from the leaders that are going to be elected.

Other financial management factors that will have an impact on the 2012 elections are the government spending and budget plans. The government spending is out of control. There is too much spending on health sector, infrastructure and other sectors which will cause great economic crisis during and after the elections. The elections time is a time when everything should be under control, and if a factor like financial management is not up to the mark, there can be a lot of problems. The government loan is also in deficit and there are major constraints because of this.

The value of the currency will go down in the international market, causing one of the strongest nations to break down. There will be a lot of burden on the elected president. The citizens will expect greater promises and good decisions to be able to build up their position in the eyes of the citizens. These elections are the ones that will have an impact on the political stability of America, and also to the personal finances of all the employees. In other words, these elections will bring in many decisions that are yet to be taken for the long term economic stability of the country (Mayer and Bernstein, 2011).

Some of these measures include increase of marginal income tax, too much government spending and the reduction of the estate tax income limits. These financial factors have left a long term effect on the minds of the citizens. There is a controversial debate about how much the Americans can rely on the federal government for their social security. There is a sense of insecurity and distrust amongst the citizens. Therefore, these elections would rather be riotous as each of the employees has to ponder the alleged impact of the outcome of these elections on personal finances.

It will disrupt the election as there are many things to consider in regard of personal wealth. The economic state is one of the primary factors that have an impact on who will win the elections, and the loyalty towards these economic issues is the main important issue as there are many striving and trying to provide a life to their families. Moreover, the personal wealth of the citizens is going to affect because of the election period. It appears that these elections will be a way in which the citizens and the administration are going to confront each other.

The outraged citizens tend to make demands from the elected leaders and the leaders have make promises that they will fulfil. Economic crisis is a factor that causes stress amongst both, the government and the citizens. In such a crucial situation elections are being held, and thus they are sure to be affected by the financial management. These elections should bring in leaders that will benefit the state with their decisions and win back the trust of the citizen (Mayer and Bernstein, 2011). The major focus should be on the debts, and strategies should be planned to decrease the deficit.

This will have a major impact on the economy as a whole. The USA government is, at the moment, in debt which will reach the legal debt limit in a few months, which will be just around the elections. This shows that the one who will win the elections would have a major duty towards the decrease of this debt as soon as he holds the position. Other factors that have major impacts of the financial crisis are unemployment, budget, social security, capitalism and socialism. Socialism provides the state ownership of production and management of the economy.

This should be keenly looked into when the elections are being held as this part holds some of the most important factors that the state has to overcome (Polsby et al, 2011). However, the financial factors have a great impact on the elections as the current government has proved to be insufficient with their promises and policies. There has to be a leader who will take good economic decisions for the betterment of the society, mainly looking into the matters of the Taxes on Investment, the Federal Reserve and the Government Debt.

These elections are a light of hope at the end of the tunnel that the Americans are eager to see. Work Cited Polsby, N., Wildavsky, A., Schier, S., Hopkins, D. (2011). Presidential Elections: Strategies and Structures of American Politics. NY: Rowman & Littlefield Mayer, W. and Bernstein, J. (2011). The Making of the Presidential Candidates 2012. US: Rowman & Littlefield