Economy, War and Job

World economy is crumbling like bricks coming out of building. People are loosing jobs in Billions. America, Europe and many other countries are facing the worst situation after World War 2. Right now, the world growth rate is just 0.5% as it was during ww2. Countries like India and China will have 7% growth or below. But, the growth rates may change or vary for India and China in coming quarters.

George W Bush, former President of USA did not check the downfall of the economy for last 3 years. He wanted to take revenge of his dad insult, so he attacked Iraq in the name of war against terror, as the war against Iraq was unnecessary. Instead, if he had attacked Pakistan then the problem of Militants would have sorted out by this time. Now, new President of USA and his cabinet members came to know about Pakistan and real fact about ISI (Pakistani government spy wing) and its government. His predecessors will not repeat Bush mistakes, hopefully. Barack Obama, 44th President of USA knows how to tackle economy and Pakistan – main source of terrorists and militants or in other words we can say that ‘heaven for militants.’ In recent times he (Barack Obama) has started targeting SWAT Valley and killed many deadly dangerous militants.

In the year 2009, from the month January, many people of the world witnessed ‘lost job’ and it is estimated that by May 2009 1 million more jobs will be lost. People will have no choice left but to live in a very bad situation and they might witness or tame to use criminal activities. Representative of all the countries will have to deduct all type of taxes. They should generate more jobs to deduct this disturbance. CEO and all the head should deduct their salary instead of kicking out their employees as they get lakhs of salary as monthly income but there is no money to pay thousands of salary to their employees. Government should take extra care while injecting millions of cash to companies; they (government) do need to check where and how the money is used.

In India, people do have lost many jobs but still there is hope that very soon everything will come back on track. Many private companies of, America and Europe have closed their respected branches in India, which led to unemployment among Indians working with these companies. Most of them are now unable to get new job. Companies are not able to pay their employees and the hiring process is just 1% and that to hiring other, who is quoting very less salary.