by Ronnie Spangler

Created on: October 08, 2008

If you listen to the pundits and believe the polls, it is increasingly clear Barack Obama will be the next President of the United States. With this in mind I have looked into all of his campaign promises and plans for his first term in office. Throughout his campaign he has made it perfectly clear that he intends to be a two term President. With the current state of our economy I have only looked at what could be the results a first term Obama Administration.

It is unclear if President Bush and his Administration can stop the downward spiral our economy and the market is experiencing. The results of the actions he has taken to calm the markets and free up credit will not be known until after the election. For the sake of argument I have looked into the future with an optimistic view. I have given our economy and markets the benefit of doubt and see President Obama inheriting an economy/market on the rise and the job market showing a modest increase.

After his inauguration and keeping to his campaign promises, President Obama will announce our immediate withdrawal from Iraq starting in February 2009 and ending in August 2010.

He will submit to Congress his tax plan to repeal the Bush tax cuts, institute a windfall profits tax on oil companies, raise corporate tax rates and mandate that all small business with ten or more employees and a gross income level above $250,000, provide health care for their employees.

The immediate results of President Obama's action will be Russia signing a mutual defense agreement with Venezuela allowing Russian missiles to be placed in Venezuela and declaring any attack on Venezuela will be considered an attack on Russia. President Obama will declare this unacceptable,call for a meeting with the Russian President and call for sanctions against Russia if they place missiles on Venezuelan soil.

Iran will call for immediate talks with high level Administration officials to plan for talks between Obama and Ahmadinejad. Obama will agree and send his Secretary of State to Iran to work out the details of their meeting. After the Secretary of State returns, Obama will announce a Camp David Summit will be held and Ahmadinejad' agreement to negotiate his country's plans for nuclear plants in Iran.

Obama will emerge from Camp David and announce Ahmadinejad has agreed to allow limited inspections of their nuclear power plants and they have no intentions of using nuclear weapons against Israel. Iran will also promise to help America in our effort

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