Finally, Barack Obama has won the Presidential race against Romney that has boosted the economy in three key factors:
First, it does not matter who has won, the elimination of huge level of uncertainty has allowed businesses to go forward with any kind of hiring plans and expansion.
Second, the victory of Obama means continuation of presented priorities. This has boosted economy because it has removed another covering of uncertainty. If Romney has got victory, he committed to change the Federal Reserve Chairman, Ben Bernanke.
He had also committed that he will decrease taxes, change compulsory spending and increase the defense spending plans like Medicaid and Medicare. It is doubtful that he would be able to make those changes because they required a precious vote by Congress. The continuing uncertainty would make the economic growth to ace lots of problems.
Third, Obama has formulated lots of programs that have positive impacts. The investment in natural gas and green technologies is removing dependence on overseas oil.
The newly created Consumer Protection Agency is providing help to overcome or end the frauds over credit cards. Obama has also formulated strong rules to lower the bankruptcy rates, hence health care expenses are the most important reasons of bankruptcies in the country.
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