Obama or Hillary?

It is not a secret that the two frontrunners in the present Democract race to the White House are Barack Obama and Hillary Clinton.

From available statistics, Hillary as of now has a slight edge over Obama. The question is who wins if Obama loses? Or, should it be, who loses if Hillary wins?

Again, according to statistics, a lot of Americans are not really concerned about who gets to the White House first. The issue paramount in their minds right now is whether USA can withstand the tsunami of a recession that has already entered their front doors.

The credit crunch crisis, pluning global markets and escalating oil price all contribute to the real and imagined fears of a worldwide population.

If American slips into recession, as it already has (according to some economic experts), the rest of the world which trade with America will get the jitters.

What does that all entails? The scenario is not of catastrophic proportions but prolonged economic frustrations that could drag on for years. It simply slows down the engines of growth in Asia and in turn kickstart an economic chain-reaction that will rock the nations of lesser endowed economies.

Desperate countries with powerful armies may resort to desperate measures. Your guess is as good as mine.

For too long some industrialised nations have been recklessly managing their own economies. In a way, they can beat the clock, as most grand chessmasters are wont to do.

There are some things that can only be resolved through sheer hardwork, diligence and an overpowering sense of conventional wisdom and sacrifice.

But before all this economic ill wind blows over, there will be plenty more people making the streets their home. The years of plenty are fast coming to an end.

Frankly, most people really never learn. I guess the hard way is simply the best teacher.