Barack Obam The President Of The United States Of America

In order to restore hope and eventually safeguard 900,000—2.3 million jobs, the ARRA was intended to be spent over the course of a decade. It was very strategically planned, however, not to be spent evenly during that time. Instead, the following arrangements were made: 185 billion dollars in the fiscal year 2009; 400 billion dollars in the fiscal year 2010; and 135 billion

Barack Hussein Obama Jr, the first African American President of the United States, was born on August the 4th 1961 in Honolulu, Hawaii. Obama’s birth is considered as an important turning point for African American’s in history, he was the first African American to serve as a United States president. Barack Obama is currently the 44th president of the United States. He was raised in a middle class family with education being the core of their lives and had very noble values. Obama was a graduate of Columbia University and Harvard Law School, he was elected the first African-American editor of the Harvard Law Review. Obama met Michelle Robinson in 1989 in Chicago’s law firm of Sidley Austin as a summer associate and not too long after that they began to date. Obama was a civil rights attorney, community organizer in Chicago where he helped rebuild communities that was devastated by the closure of the local street plants and a teacher at University of Chicago Law School before pursuing a political career. The time Obama spent helping rebuild the communities he that this time of his life “the best education I ever had, better than anything I got at Harvard Law School” (1). For Obama, he explains that from that experience is what contributed to finding his identity and forming the path that he has taken whilst in the white house. Barack Obama won the election in November 4th 2008 and then took office on January the 20th 2009, these two dates were significant days for America.

Many citizens, most of them conservatives, have questioned the economic recovery, but evidences have dismissed their arguments. President Obama pointed out that “we do have real, tangible evidences of our progress;” for example, we have created “10.9 million new jobs”

In specific, President Obama sought to assert his commitment in supporting economic recovery as well as growing the middle class in the United States. It follows the adverse economic conditions and thus, president Obama promised to offer liberation for the American families. Still, President Obama also used the speech to emphasize on his policies going forward including his foreign policy which

This inaugural speech marked the beginning of the second term of Barack Obama as president of the United States of America. It was delivered at United States Capitol in Washington, D.C. on January 21, 2013. The event followed the presidential election in the United States and it was very important all over the world, about a million of people gathered outside the Capitol to witness the president's words and millions more from around the world watched him on television (Staff). For first time, a president talked about same sex marriage and gay rights, he also talked about divisive issues such as reform of immigration policies, stopping climate change and preserving a social welfare safety net. Obama showed a progressive and liberal agenda, focused on equal rights and possibilities for all the citizens. The theme of the speech was “Faith in America's Future,” (Caldwell) and he successfully used various rhetorical techniques and resources to influence the audience.

“Today I face you and say the challenges are real. They are serious and many,” Obama stated on inauguration day. Obama need to pull things together with bold and quick actions. Yet it seemed that borrowing was the only answer to this out of control situation. And he did just that, taking hundred of billions to bail out the banks and other institutions; tens of billions more for the auto industry; $275 billion for homeowners and the mortgage lenders; and $787 billion stimulus package to jump-start an economy spiraling downward. Much like the Bush administration, Obama and his administration are borrowing just as much, added to the deficit. It is unclear what exactly the future will look like for America as the economy is spiraling downward and other countries are becoming stronger.

A survey of 37 economists conducted by the University of Chicago in 2014, for example, found that nearly all believed that without the stimulus, the unemployment rate would have risen higher than it did.” In addition to this, President Obama strategized new regulations to protect consumers and to prevent another financial crisis. In 2009 and 2010, he signed the Credit Card Accountability Responsibility and Disclosure Act, the Dodd-Frank Wall Street Reform and the Consumer Protection Act into law. The CCARD Act restricted and obligated interest rates on credit card companies and obligated them to enact transparent policies. The Dodd-Frank created the Financial Stability Oversight Council and the Consumer Financial Protection Bureau which could disintegrate banks if it was possible to fail for any reason including but not limited to subprime loans.

The financial bailout on Wall Street rescued the economy from total collapse from faulty mortgage loans. Obama’s plans include reworking and changing the way the economy works for the better. George W. Bush gave tax cuts to Americans who earned over $1,000,000. A large sum of people don’t believe it was a fine idea. Obama will give tax cuts to working class people and small businesses, not to the wealthy. He will create tax credits of $500 per person and $1,000 per working families. Obama will also eliminate income taxes to senior citizens who less than $50,000 a year.

Barack Obama’s policies are still in effect and apparently working. The proof is in, government spending cures an economy, just like John Maynard Keynes says. But, are Obama’s policies working? Princeton University Professor Alan S. Binder and Moody Analytics Chief Economist Mark Zandi published “How the Great Recession Was Brought to an End” in July, 2010. They calculated the effectiveness of various parts of President Obama’s American Recovery and Reinvestment Act of 2009 package with a comparison of how much each type of economic policy actually translated into an economic benefit – how much bang did each buck provide. Binder and Moody calculated “The bang for the buck is estimated by the one year $ change in GDP for a given $ reduction in federal tax revenue or increase in spending”.

The story of Obama’s Presidency revolves around the economy he inherited. Prior to Obama’s election, major financial institutions had invested heavily in securities backed by bundles of home mortgages. While these investments performed at a high rate for an extended period of time, the bubble eventually burst when homeowners could no longer afford their mortgage payments. This led to the collapse of many large financial institutions, sending the economy into a state of disarray. As unemployment broke into the 6% range in September of 2012, the polls began to trend in favor of Obama. With the Republicans having held the White House for eight years and Congress for six (of those eight), the American people connected the economic downturn with the Republican Party, paving the way for Obama’s election. (Sides & Varveck,

As to Bobby’s knowledge, the Obama administration has weakened our economy. Flooding the markets with printed dollar bills is a recipe for short-term gains, followed by losses.While there are always ups and downs in the markets, Obama’s policies will crash our economy; it’s only a matter of time. If we don’t change course, our economy will eventually crumble. Why? It’s because we have doubled our national debt, increased our taxes, and intensely grown the size of the federal government.

Fast forward to January 20, 2009, the day Barack Obama was sworn into office, the balance of power in Washington began to shift back toward its traditional plumb line. President Obama had run on a platform of ending the two-pronged wars in Iraq and Afghanistan. Consequently, majority of Americans seemed to forget that over 9,000 American troops were still fighting a two-pronged war. Americans shifted their focus on fighting the economic recession instead. The economic recession in the United States that caused widespread public panic made it difficult to enact new free trade agreements. The global financial crisis and recession that caused the U.S. unemployment rate to rise to 10 percent during the first year of his presidency. The shift in

To help gain support for the bill, President Obama made statements about how the bill would help the economy.

Obama presidencies after September 2008 financial crisis is as follows: Government spending expands automatically in recessions with the increase in unemployment insurance, welfare benefits, and other transfers to the jobless and the poor . Normally to hasten recovery include additional tax cuts to

The last part is emphasized by Obama because he gives rhetorical questions (“…, what change will they see?”, l. 97, “What progress will we have made?”, ll. 97-98) that should make the people think about what they did, what they changed and what they