How Does Obama Affect The Economy

Leadership is action,not a position”(Donald H. McGannon 1).On November 4, 2008, senator Barack Obama was elected as the first African-American of the United States of America. It was then on that he would lead the country for two terms and finally leave his legacy in 2017.Barack obama impacted most of the american peoples lives in a positive way like when he created more jobs. During the“ course of Obama’s two terms of presidency, he has shown multiple times through his actions on why he is such a great president.,Such as providing health care for the poor and helping the economy.For instance, obama averted an economic collapse.

When FDR took office, the Gross National Product had been slashed by more than 50%. Donald Holley, the author of the article Great Depression explains that during this time in our history an estimated 16 million Americans were out of work. To put things in perspective, 25% of the labor force was unemployed (Holley & Trescott, 2014). Comparable in name with the Great Depression, the majority of attitudes across the country were that of despair. Many families relied on charitable organizations for their next meal. Nevertheless, FDR remained optimistic, by doing so he created a sense of hope. FDR had promised Americans jobs during his campaign, and he wasted no time in his first days in office. Although he had no specific plan prepared to create jobs, he

The Great Depression and the Great Recession were two financial crises that ruined the economy for a great number of people. Not only was the U.S. significantly impacted, but the world was affected as well. Although many years set them apart, Franklin Delano Roosevelt and Barack Obama both responded to dire situations in a similar manner by implementing acts that prompted government involvement, created jobs for the unemployed, and promoted pump priming.

He claimed an undue tax burden, excessive government regulation, and massive social spending programs hampered growth. Reagan proposed a phased 30% tax cut for the first three years of his Presidency. The bulk of the cut would be concentrated at the upper income levels. The economic theory behind the wisdom of such a plan was called “SUPPLY-SIDE” or “TRICKLE-DOWN ECONOMICS.” (Reaganomics. (n.d.). Tax relief for the wealthy would allowed them to consume and fund more. This would put the economy in a better position and their would be more job

He wanted to cut taxes off businesses so the upper tax brackets would allow more investment, growth and an increase in jobs and a larger tax

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,

He tried to fix this, however, the attacks and war rendered this effort altogether. Little recovery was possible though. By 2004, the rate was down to 5.4%. This was still too high though by his standards. Hurricane Katrina, which struck in 2005 didn’t help this matter either. It’s estimated that it caused about $200 billion in damage. Drawing the rate even farther back by 1.5%. Also while he was in term, the Subprime Mortgage Crisis occured in 2008. During this time, many homeowners were down or falling behind on bills and payments, and foreclosure rates were higher than ever. After cutting federal income tax rates, Bush faced critisism from the Democratic party. This lead to him signing the No Child Left Behind (NCLB) Act of 2008. This act made sure that any and all children recieved at least a basic education. Including poor children who might not be able to afford even public school. He also passed a couple other acts towards the end of his term, such as the Medicare Prescription Act and the Modernization Act. He had a massive amount of scandal issues during his term. A few of the major ones were the scandal about Enron, the PATRIOTS act, and even him using questionable data to justify the attacks on Iran. Although he did many questionable things though, a good majority were actually sad to see him resign. Most of the reason was that some were questionable about Barock Obama being our first African American president. But all in all George Bush was a good president and left us a good

During Clinton’s term he lowered unemployment. Approximately 22.5 million jobs were made and unemployment rates went from 7.5 to 4.0 by the end to his second term. The U.S had the largest budget in American History when Clinton had first arrived in office, however by the time his 2nd term was over it lowered. This was only the few things Clinton has done to ensure American lives were easier.

Roosevelt”). Roosevelt had managed to lower unemployment rates from “25 percent to 14 percent” and increase the gross national product by “34 percent,” while getting the people to trust the government again (“Franklin D. Roosevelt Biography”). Although he received praises, FDR also experienced many setbacks; his actions had caused an increase in government spending, causing him to lose support from bankers and businessmen (“Biography of Franklin D. Roosevelt”). Additionally, the Supreme Court ruled many of the New Deal Acts as unconstitutional, preventing him from passing more; however his action had already helped the country survive the worst (“Franklin D. Roosevelt (1882-1945)”).

elected the economy was very unstable and was predicted that if something was not done we will have a terrible recession where people would lose their jobs, houses and even the banks

The President has a lot of power to influence the economy. One of the main ways to influence the economy is by his policies. The U.S. economy has been struggling now since 2008 and not just because of Obama but Bush as well. However, Bush was dealing with the issue of September 11th and the attack on the trade center buildings in NY and the war with Al-Qaeda. Not to mention the “Housing Bubble” where the banks were involved in lending money to people who could not afford a mortgage and making bad loans. I worked in the mortgage business for about 8 years and was working as a real estate closer in 2008 when everything peaked, right before everything went under. I had never seen anything like it before and warned all

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.

President Barack Obama is regarded as one of the most successful US Presidents in history. He has made countless effective and positive changes and improvements to the United States. He has changed the lives and reduced violence and intolerance towards people of different races, sexuality and gender as well as improving America’s overall image. He is improving the education system of the United States, drastically improved America’s economy and legalized the widely controversial same-sex marriage.

This advertisement broadcast by the Pennsylvania Republican Party in 2008 paints Obama as an enabler to terrorism. The viewer sees fake Polaroids of prior Presidents meeting with leaders such as Adolf Hitler, Fidel Castro, and Osama Bin Laden with the disclaimer that the pictures never actually took place. The narrator explains that you never saw those photos, because an American president pictured with leaders of countries that support terror would embolden them, and make America more vulnerable. The narrator blames Obama’s naiveté for his declaration that if elected he would break this tradition and meet with the leaders of terrorist countries without any pre-conditions at all. The narrator dramatizes the cause and effect of this and blames

Obama will make new tax proposals that can rewards companies that chose to bring jobs back home in USA and investing in America. Eliminate the tax for companies who move over sea. All these changes, will have a great effect on the smaller companies. They can get all the support they want to sell their products in and out of the country. The companies will see that hard work really pay off in the end and more companies can hire new workers to their company to compete against the others around the world. In 1979, the US lost about 50% of its manufacturing bases, but slowly, the companies are now turning their ship around and headed back to US. Even though many jobs have been lost in US and increasing the unemployment rate, Obama have made some