Obama Seeks to Help Oil Spill Ravaged Economies Recover
The recent British Petroleum related natural disaster, the oil spill of April 2010 in the Gulf of Mexico off the United States coast, has put a lot of pressure on the nation’s economy as it struggles to recover from the global recession. US President Barack Obama has been making the rounds as he gears up for his 2012 campaign and he and his family have been touring the Gulf states in an effort to come up with solutions to help the region come back from the brink, especially in the coastal border towns that have had their economies hit with a vicious one two punch from both the oil spill and the global economic credit crunch. The President’s administration has been working on plans to help the region get back on its feet, but with the fishing industry really crunched by the places that can no longer be fished and the hospitality industry suffering a similar blow due to several years of very low tourism, things do look a bit bleak. Obama and family have arrived in Florida this week and are touring the area to get an idea of what could be done to boost the region by taking a tour of the businesses that make up this part of the US.
BP is also being worked with to try and find a solution that can help fix what took place when their Macondo well burst and spilled nearly 5 million barrels of oil directly into the Gulf before a seal finally held in July 2010. The coastal areas have a heavy reliance on sea related industries, particularly seafood and tourism, so the President is hoping to find a way to really build this sector of the economy prior to the next elections.