Obama's list of accomplishes in regards to the economy

Billy000

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Nov 10, 2011
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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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Of course, we now know that the stimulus actually created 2.6 million jobs.
 
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!

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?
 
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.
 
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.

Thanks. Good to have a fan lol
 
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
 
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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

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?
 
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

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?

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
 
Of course, we now know that the stimulus actually created 2.6 million jobs.

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
 
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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

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?

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

Half of the increase in gov spending under Obama is to combat the previous recession. The other half was Obama's own policies.
 
Of course, we now know that the stimulus actually created 2.6 million jobs.

really? then where are they?
the only jobs the Obama created was more Guberment jobs for his buddies. by creating new government agencies to help the poor citizens in their finances..cause they be too stupid with them..

if you had actually read the list, you would see that a site was provided where anyone could monitor what the stimulus was being spent on. Those 2.5 million jobs were all private sector jobs.
 
What about the PPACA he signed in March 2010? Should that be listed as an accomplishment in regards to the economy? Health care is one-sixth of the GDP.

The shovel ready program that the POTUS and Immelt had a good laugh about did not deliver as promised.

I think the autobail out was mis-handled. Chrysler should have had the plug pulled. Ford needed no and took no help. GM should have been allowed to file bankruptcy sooner so as to re-work the union mess. The industry for sure needed saving because so much of our manufactering base is gone, but much money was wasted by the method in which it was saved.

The jobs saved and created numbers are fuzzy at best.

His green energy initiatives have been disasters.

The Making Home Affordable, HARP, and other such programs have not been very successful.

That's off the top of my head. I'll try to think of more and do a little research.

If a stimulus had to happen, I would have liked to have seen more money put into the hands of consumers. A ton of the money went to pay off campaign supporters, donors, and union chiefs. Sure, a few jobs were saved for a short time, but Big Union made out better than the teacher, fireman, and cop.
 
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Yeah, that genius Obama could of just cut a check for all the citizens with that 800billion stimulus and let them go out and put it back in the economy..but that one musta slipped his mind.
 
What about the PPACA he signed in March 2010? Should that be listed as an accomplishment in regards to the economy? Health care is one-sixth of the GDP.

The shovel ready program that the POTUS and Immelt had a good laugh about did not deliver as promised.

I think the autobail out was mis-handled. Chrysler should have had the plug pulled. Ford needed no and took no help. GM should have been allowed to file bankruptcy sooner so as to re-work the union mess. The industry for sure needed saving because so much of our manufactering base is gone, but much money was wasted by the method in which it was saved.

The jobs saved and created numbers are fuzzy at best.

His green energy initiatives have been disasters.

The Making Home Affordable, HARP, and other such programs have not been very successful.

That's off the top of my head. I'll try to think of more and do a little research.

If a stimulus had to happen, I would have liked to have seen more money put into the hands of consumers. A ton of the money went to pay off campaign supporters, donors, and union chiefs. Sure, a few jobs were saved for a short time, but Big Union made out better than the teacher, fireman, and cop.

That is a complete lie.

You find me one independent study that discounts the success of the stimulus and I will raise you SIX.
 
Given the economic mess he inherited, he's done okay.

I doubt anyone could have done much better given the divided nature of Congress.
 
What about the PPACA he signed in March 2010? Should that be listed as an accomplishment in regards to the economy? Health care is one-sixth of the GDP.

The shovel ready program that the POTUS and Immelt had a good laugh about did not deliver as promised.

I think the autobail out was mis-handled. Chrysler should have had the plug pulled. Ford needed no and took no help. GM should have been allowed to file bankruptcy sooner so as to re-work the union mess. The industry for sure needed saving because so much of our manufactering base is gone, but much money was wasted by the method in which it was saved.

The jobs saved and created numbers are fuzzy at best.

His green energy initiatives have been disasters.

The Making Home Affordable, HARP, and other such programs have not been very successful.

That's off the top of my head. I'll try to think of more and do a little research.

If a stimulus had to happen, I would have liked to have seen more money put into the hands of consumers. A ton of the money went to pay off campaign supporters, donors, and union chiefs. Sure, a few jobs were saved for a short time, but Big Union made out better than the teacher, fireman, and cop.

That is a complete lie.

You find me one independent study that discounts the success of the stimulus and I will raise you SIX.

Calm down there leftie. :eusa_hand: I thought you wanted some civil discourse.
 
What about the PPACA he signed in March 2010? Should that be listed as an accomplishment in regards to the economy? Health care is one-sixth of the GDP.

The shovel ready program that the POTUS and Immelt had a good laugh about did not deliver as promised.

I think the autobail out was mis-handled. Chrysler should have had the plug pulled. Ford needed no and took no help. GM should have been allowed to file bankruptcy sooner so as to re-work the union mess. The industry for sure needed saving because so much of our manufactering base is gone, but much money was wasted by the method in which it was saved.

The jobs saved and created numbers are fuzzy at best.

His green energy initiatives have been disasters.

The Making Home Affordable, HARP, and other such programs have not been very successful.

That's off the top of my head. I'll try to think of more and do a little research.

If a stimulus had to happen, I would have liked to have seen more money put into the hands of consumers. A ton of the money went to pay off campaign supporters, donors, and union chiefs. Sure, a few jobs were saved for a short time, but Big Union made out better than the teacher, fireman, and cop.

That is a complete lie.

You find me one independent study that discounts the success of the stimulus and I will raise you SIX.

Calm down there leftie. :eusa_hand: I thought you wanted some civil discourse.

You know, I feel more open-minded being a leftie, so I don't mind the label.
 
That is a complete lie.

You find me one independent study that discounts the success of the stimulus and I will raise you SIX.

Calm down there leftie. :eusa_hand: I thought you wanted some civil discourse.

You know, I feel more open-minded being a leftie, so I don't mind the label.

That is a complete lie.

You find me one independent study that discounts the success of the stimulus and I will raise you SIX.

LOL, yeah, that post showed that...
 

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