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    Obama or McCain - Which U.S. President is Best for Panama?

    By The Panama Gringo | October 26, 2008

    Let’s face it, the topic you can’t escape no matter where you are in the world is the upcoming Presidential elections in the United States. Everyone has a reason for why they are voting for so and so, or why they aren’t voting for so and so.

    So, that being said, what are the reasons expats in Panama are or aren’t voting for so and so?

    If Obama takes office the best possible outcome sees relations between the United States and left-wing Latin countries improving, the global economy staying strong, benefiting Pan6Panama’s current housing and industrial plans. If Obama’s plans don’t go over so well in the United States, Panama could actually reap even more benefits. As wealthy United States citizens flee increased taxes, they may just wind up in Panama, boosting investment in banks, real estate, and other offshore businesses and assets.

    If McCain manages to get himself elected despite Obama’s popularity and his proposed plans get the United States economy back running again, Panama could see lots of overflow from a rich America. A good U.S. economy means more people traveling and more people investing in Panama’s economy which would mean a win-win situation for both countries. However, if McCain in office leads to more conflict between the United States and Russia, Iran, or pretty much any Pan6(a)other country Panama could be ill-affected, and if the Unties States economy continues on its dismal course, the Panama housing boom could very well slide to a stop as well.

    There are a number of possibilities as to how each candidate would actually handle his position in office, making it impossible to predict the actual influence this election will have on Panama is.

    What are your feelings? Do you think McCain or Obama is the better choice for the United States? Do you think McCain or Obama is the better choice for Panama?

    Leave a comment and let me know.

    Topics: Panama - News |

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    The Panama Gringo