An Obama Legacy... would include?

This is going to be fun.

Not to bad more in term 2

The Washington Monthly - The Magazine - Obama’s Top 50 Accomplishments

March/ April 2012
Obama’s Top 50 Accomplishments
By Paul Glastris, Ryan Cooper, and Siyu Hu
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(Also check out the main article, The Incomplete Greatness of Barack Obama, and the issue’s Editor’s Note.)

1. Passed Health Care Reform: After five presidents over a century failed to create universal health insurance, signed the Affordable Care Act (2010). It will cover 32 million uninsured Americans beginning in 2014 and mandates a suite of experimental measures to cut health care cost growth, the number one cause of America’s long-term fiscal problems.

He passed it? Seriously? How did he do that, exactly? Did he visit Congress every day to urge members of both parties to work together towards a consensus that would help solve the national crisis? Or did he sit on the sidelines pretending to pivot to jobs while Pelosi and Reid forced a bill loaded down with concessions to special interest groups and payoffs for reluctant Democrats?

2. Passed the Stimulus: Signed $787 billion American Recovery and Reinvestment Act in 2009 to spur economic growth amid greatest recession since the Great Depression. Weeks after stimulus went into effect, unemployment claims began to subside. Twelve months later, the private sector began producing more jobs than it was losing, and it has continued to do so for twenty-three straight months, creating a total of nearly 3.7 million new private-sector jobs.

Did he pass it, or did he sign it? If he passed it he is legally and constitutionally prevented from signing it. If he signed it, why did he sign something that was so loaded down with pork it smelled like a pig farm?

By the way, if it had worked it would have worked instantly, not 12 months later.

3. Passed Wall Street Reform: Signed the Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) to re-regulate the financial sector after its practices caused the Great Recession. The new law tightens capital requirements on large banks and other financial institutions, requires derivatives to be sold on clearinghouses and exchanges, mandates that large banks provide “living wills” to avoid chaotic bankruptcies, limits their ability to trade with customers’ money for their own profit, and creates the Consumer Financial Protection Bureau (now headed by Richard Cordray) to crack down on abusive lending products and companies.

Thanks to Obama we no longer have free checking and it is a lot harder to get credit if you are poor. Are you sure you want to count this as a plus?

4. Ended the War in Iraq: Ordered all U.S. military forces out of the country. Last troops left on December 18, 2011.

Why am I supposed to credit this to Obama when the reality is that Obama was forced to withdraw the troops by the end of 2011 because of an agreement Bush negotiated and signed?

5. Began Drawdown of War in Afghanistan: From a peak of 101,000 troops in June 2011, U.S. forces are now down to 91,000, with 23,000 slated to leave by the end of summer 2012. According to Secretary of Defense Leon Panetta, the combat mission there will be over by next year.

Let me see, he surged the troops in Afghanistan, and has brought them back to the levels they had under Bush, and we are calling that for Obama because he began a draw down.

How does that work again?

6. Eliminated Osama bin laden: In 2011, ordered special forces raid of secret compound in Abbottabad, Pakistan, in which the terrorist leader was killed and a trove of al-Qaeda documents was discovered.

Gotta give him this one.

7. Turned Around U.S. Auto Industry: In 2009, injected $62 billion in federal money (on top of $13.4 billion in loans from the Bush administration) into ailing GM and Chrysler in return for equity stakes and agreements for massive restructuring. Since bottoming out in 2009, the auto industry has added more than 100,000 jobs. In 2011, the Big Three automakers all gained market share for the first time in two decades. The government expects to lose $16 billion of its investment, less if the price of the GM stock it still owns increases.

More if it continues to drop, which is what the experts actually expect.

8. Recapitalized Banks: In the midst of financial crisis, approved controversial Treasury Department plan to lure private capital into the country’s largest banks via “stress tests” of their balance sheets and a public-private fund to buy their “toxic” assets. Got banks back on their feet at essentially zero cost to the government.

Umm, that was Bush. Unless, that is, you can prove that Obama was president in 2008.

9. Repealed “Don’t Ask, Don’t Tell”: Ended 1990s-era restriction and formalized new policy allowing gays and lesbians to serve openly in the military for the first time.

Two points here, DADT has not been repealed, and the actual change in the way the military handles gay/lesbians in service was the result of a lawsuit that Obama fought.

10. Toppled Moammar Gaddafi: In March 2011, joined a coalition of European and Arab governments in military action, including air power and naval blockade, against Gaddafi regime to defend Libyan civilians and support rebel troops. Gaddafi’s forty-two-year rule ended when the dictator was overthrown and killed by rebels on October 20, 2011. No American lives were lost.

Unless we count Ambassador Stevens and the 3 other Americans killed by Al Qaeda in Libya.

11. Told Mubarak to Go: On February 1, 2011, publicly called on Egyptian President Hosni Mubarak to accept reform or step down, thus weakening the dictator’s position and putting America on the right side of the Arab Spring. Mubarak ended thirty-year rule when overthrown on February 11.

OK, and why is this a good thing?

12. Reversed Bush Torture Policies: Two days after taking office, nullified Bush-era rulings that had allowed detainees in U.S. custody to undergo certain “enhanced” interrogation techniques considered inhumane under the Geneva Conventions. Also released the secret Bush legal rulings supporting the use of these techniques.

Unless, that is, they are in prisons outside US control.

13. Improved America’s Image Abroad: With new policies, diplomacy, and rhetoric, reversed a sharp decline in world opinion toward the U.S. (and the corresponding loss of “soft power”) during the Bush years. From 2008 to 2011, favorable opinion toward the United States rose in ten of fifteen countries surveyed by the Pew Global Attitudes Project, with an average increase of 26 percent.

That explains why no one has stormed American embassies overseas.

Wait...

14. Kicked Banks Out of Federal Student Loan Program, Expanded Pell Grant Spending: As part of the 2010 health care reform bill, signed measure ending the wasteful decades-old practice of subsidizing banks to provide college loans. Starting July 2010 all students began getting their federal student loans directly from the federal government. Treasury will save $67 billion over ten years, $36 billion of which will go to expanding Pell Grants to lower-income students.

That is the claim, lets see how it turns out in the long run.

15. Created Race to the Top: With funds from stimulus, started $4.35 billion program of competitive grants to encourage and reward states for education reform.

Which has resulted in the same lack of result that every other federally mandated educational reform has.

16. Boosted Fuel Efficiency Standards: Released new fuel efficiency standards in 2011 that will nearly double the fuel economy for cars and trucks by 2025.

And kill who knows how many people.

17. Coordinated International Response to Financial Crisis: To keep world economy out of recession in 2009 and 2010, helped secure from G-20 nations more than $500 billion for the IMF to provide lines of credit and other support to emerging market countries, which kept them liquid and avoided crises with their currencies.

What the fuck?! Every time he went to Europe to ask them to jump on the stimulus bandwagon they turned him down flat.

18. Passed Mini Stimuli: To help families hurt by the recession and spur the economy as stimulus spending declined, signed series of measures (July 22, 2010; December 17, 2010; December 23, 2011) to extend unemployment insurance and cut payroll taxes.

Did that result in anything?

Didn't think so.

19. Began Asia “Pivot”: In 2011, reoriented American military and diplomatic priorities and focus from the Middle East and Europe to the Asian-Pacific region. Executed multipronged strategy of positively engaging China while reasserting U.S. leadership in the region by increasing American military presence and crafting new commercial, diplomatic, and military alliances with neighboring countries made uncomfortable by recent Chinese behavior.

Like what?

20. Increased Support for Veterans: With so many soldiers coming home from Iraq and Iran with serious physical and mental health problems, yet facing long waits for services, increased 2010 Department of Veterans Affairs budget by 16 percent and 2011 budget by 10 percent. Also signed new GI bill offering $78 billion in tuition assistance over a decade, and provided multiple tax credits to encourage businesses to hire veterans.

Sounds good, doesn't it.

21. Tightened Sanctions on Iran: In effort to deter Iran’s nuclear program, signed Comprehensive Iran Sanctions, Accountability, and Divestment Act (2010) to punish firms and individuals who aid Iran’s petroleum sector. In late 2011 and early 2012, coordinated with other major Western powers to impose sanctions aimed at Iran’s banks and with Japan, South Korea, and China to shift their oil purchases away from Iran.

Didn't he say he would sit down and talk with Iran? Did he do that, or did he continue the Bush policy of increasing sanctions over time?
 
1. Killing Osama Bin Laden, Author of the worst foreign terrorist attack on the American Homeland.
2. Killing Mommar Gaddafi Author of numerous terrorist attacks against Americans..including Lockerbie.
3. Passing the ACA (ObamaCare). Got done what a century's worth of Presidents have been trying to do.
4. Saved the United States from the Second Great Depression.
5. Saved the United States Auto Industry.
6. Saved the United States Banking Industry.
7. Saved the United States Financial Industry.
8. Granted Equal rights for Gays serving in the Military.
9. Passed the Lilly Ledbetter fair pay act.
10. Won the Noble Peace Prize.
11. First Black American President.

That's the short list.


HAhahaa . Like he even deserved that. He should return it with the prize money plus more money for even being considered

11.. He is the first BIRACIAL president. Remember his mother is white
 
An Obama Legacy... would include?

October 10, 2012

Saving The Housing Industry


“Government policy is encouraging banks to make mortgages, and they want to keep it that way,” said Nancy Bush, an analyst and contributing editor at SNL Financial LC, a bank-research firm in Charlottesville, Virginia. “For them it’s sort of a beneficent cycle right now.”

Lenders are generating revenue as middlemen between government-controlled mortgage firms such as Fannie Mae and Freddie Mac, which provide about 90 percent of the funds to the housing market, and borrowers looking to take advantage of record-low interest rates.

The four banks will post $7.25 billion in mortgage revenue, according to estimates by KBW Inc."

:thewave:

:woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo:
 

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