Obama's list of accomplishes in regards to the economy

Discussion in 'Politics' started by Billy000, Jan 12, 2012.

  1. Billy000
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    Billy000 Democratic Socialist

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    EDIT: I apologize for the double posting, and I meant "accomplishments" in my title.

    He pushed through and signed the American Recovery and Reinvestment Act, otherwise known as “the stimulus package,” despite the fact that not one Republican voted for that bill. In addition, he launched recovery.gov, so that taxpayers could track spending from the Act. The Recovery Act Recovery.gov - Tracking the Money


    In his first year, the American Recovery and Reinvestment Act created and sustained 2.1 million jobs and stimulated the economy 3.5%. UPDATE 2-US stimulus added up to 2.1 mln jobs in Q4 2009-CBO | Reuters


    He completed the massive TARP financial and banking rescue plan, and recovered virtually all of its costs. U.S. Bank Rescue Program Gets Overhaul TARP Might Make Money - 24/7 Wall St.


    He created the Making Home Affordable home refinancing plan. Making Home Affordable


    He oversaw the creation of more jobs in 2010 alone than Bush did in eight years. It’s Official: More Private Sector Jobs Created In 2010 Than During Entire Bush Years | NEWS JUNKIE POST


    He oversaw investment in updated and improved manufacturing processes. PolitiFact | The Obameter: Create an Advanced Manufacturing Fund to invest in peer-reviewed manufacturing processes


    He also doubled funding for the Manufacturing Extension Partnership which is designed to improve manufacturing efficiency. PolitiFact | The Obameter: Double funding for the Manufacturing Extension Partnership, a program that encourages manufacturing efficiency


    He signed the Fraud Enforcement and Recovery Act giving the federal government more tools to investigate and prosecute fraud in every corner of the financial system. It also created a bipartisan Financial Crisis Inquiry Commission to investigate the financial fraud that led to the economic meltdown. Obama Signs Housing and Fraud Bill, Praises Congress for “Most Productive” Period - ABC News


    He signed the Credit Card Accountability, Responsibility and Disclosure (CARD) Act, which was designed to to protect consumers from unfair and deceptive credit card practices. Fact Sheet: Reforms to Protect American Credit Card Holders | The White House


    He increased infrastructure spending after years of neglect. Poll: Americans Strongly Back Increase in Infrastructure Spending - US News and World Report


    Through the Worker, Homeownership, and Business Assistance Act of 2009, he and Congressional Democrats provided tax credits to first-time home buyers, which helped the U.S. housing market recovery. http://bit.ly/dZgXXw The Federal Home Buyer Tax Credit Program (Military Edition) | The Mortgage Reports : Today's Mortgage Rates & Strategy


    He initiated a $15 billion plan designed to encourage increased lending to small businesses.
    Remarks by the President to small business owners community lenders and members of Congress | The White House


    He created business.gov, which allows for online collaboration between small businesses and experts re managing a business. (The program has since merged with SBA.gov.) Business.gov - Official Business Link to the U.S. Government


    He played a lead role in getting the G-20 Summit to commit to a $1.1 trillion deal to combat the global financial crisis. G-20 Pact Has New Rules and $1.1 Trillion for Loans and Trade - NYTimes.com


    He took steps to improve minority access to capital. PolitiFact | The Obameter: Increase minority access to capital


    He created a $60 billion bank to fund infrastructure improvements such as roads and bridges. PolitiFact | The Obameter: Create a $60 billion bank to fund roads and bridges


    He implemented an auto industry rescue plan, and saved as many as 1 million jobs. Obama unveils plan to help U.S. auto industry_English_Xinhua



    Many are of the opinion that he saved the entire auto industry, and even the economy of the entire Midwest. Obama Saved The Auto Industry And The Economy Of The Midwest. Do Voters Care? | The New Republic


    Through the American Recovery and Reinvestment Act, he saved at least 300,000 education jobs, such as teachers, principals, librarians, and counselors that would have otherwise been lost. Archived: Recovery Act Recipients Report Funding Continues to Support over 300,000 Education Jobs


    Provided funding to states and the Department of Homeland Security to save thousands of police and firefighter jobs from being cut during the recession. PolitiFact | The Obameter: Increase funding for local emergency planning


    He used recovered TARP money to fund programs at local housing finance agencies in California, Florida, Nevada, Arizona and Michigan. Obama unveils $1.5 billion in housing aid - Business - Stocks & economy - msnbc.com


    Crafted an Executive order stablishing the President’s Advisory Council on Financial Capability to assist in financial education for all Americans. Executive Order 13530 - Wikisource


    Socialist, welfare nation, my ass.
     
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    Last edited: Jan 12, 2012
  2. Billy000
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    Billy000 Democratic Socialist

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    Of course, we now know that the stimulus actually created 2.6 million jobs.
     
  3. Matthew
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    Matthew Blue dog all the way!

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    yeah, he said the unemployment wouldn't surpass 8 percent. Guess what, it want to 10 percent than back to 9 percent for 2.5 years. Fail!
     
  4. Billy000
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    Billy000 Democratic Socialist

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    Obama never said it would. It only said this in the stimulus package. Obama himself said that unemployment would jump to 10% by the end of the year just 4 months after the stimulus was released. This was before it had any affect.

    Either way, the WH admitted the contradiction.

    And is that all you have to say about the entire list?
     
  5. tyler89
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    tyler89 BANNED

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    Interesting collection and quite a few good reads (even if I of course did not look at all of them yet). You will probably find a couple of stories stating other "facts" though and quite a bit of disbelieve around more conservative people.

    Anyways nice collection of facts (until proven wrong), I like your post.
     
  6. Billy000
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    Billy000 Democratic Socialist

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    Thanks. Good to have a fan lol
     
  7. Stephanie
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    Stephanie Diamond Member Supporting Member

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    SPEND SPEND SPEND SPEND..

    he saved so MANY JOBS yet we STILL have around 9% unemployment..

    and he also waved his magic wand and saved the entire auto industry in the country

    ain't that OBama a genius. we should all bow
     
    Last edited: Jan 12, 2012
  8. Billy000
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    Billy000 Democratic Socialist

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    Okay, go ahead.

    You realize, of course, that the president cannot possibly be a cure-all for an ailing economy, right? Do you have any understanding of economics?
     
  9. Stephanie
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    Stephanie Diamond Member Supporting Member

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    yeah so all that money he stole from us didn't do a damn thing except put us in 5 tillion dollars of more dept in JUST THREE YEAR, caused our credit rating to be downgraded, AND we STILL HAVE around 9% unemployment...
    what a guy
     
  10. Stephanie
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    Stephanie Diamond Member Supporting Member

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    really? then where are they?
    the only jobs the Obama created was more Guberment jobs for his buddies. by creating new government agencies under the guise of helping the poor citizens with their finances, like hold their hands when they take out loans....cause they be too stupid without the guberments help
     
    Last edited: Jan 12, 2012

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