President Obama is halfway through his first term. While some ask, "so what exactly has he done so far?", others don't even go that far as to ask but instead, choose to vote Republican if they even vote at all. The answer to the question, in a nutshell is:
Obama and his administration have prevented credit card companies from hiking up interest rates on consumers; created a bureau to protect consumers (let's hope this works!); taken our troops out of a place they do not belong - Afghanistan; stopped banks from propriety trading (aka trading our funds on items that conflict with our interests); extended benefits for same-sex Federal employees; and amongst other strong legislation, HEALTHCARE. And no, Viagra to sex offenders is not in the Healthcare bill. Stop listening to shock news.
Now that that's covered, the economy and job creation is essential and should be top priority; so let's take a look at the U.S. economy in history to get an idea of where were are possibly headed. The dotcoms took off in the 90s, though high unemployment slipped in around the beginning. Why? Mainly because of inflation, oil issues, and new banking regulations. But before that, another crisis despaired our country. That crisis was due to the Iran Revolution and oil issues (yet again). Bankruptcies overcame businesses, President Reagan concluded that tax cuts to the wealthy would trickle down, and as the ever scary inflation inflated matters. But before that, the stock market crash in the mid-seventies was probably the worse. War in Vietnam had to be paid for and oil, again was an issue. But before that, the baddest of them all, The Great Depression in the thirties holds the great crown of the United State's economic disasters. The banking industry completely collapsed and it would take more than fours years to climb out of that hole. Unemployment hit a record twenty-five percent. Still a record. Jobs weren't actually recovered until another decade. In the 70s, the percentage of people without jobs may of hit about 9% and didn't lessen until the 80s in which it peaked back up again. Getting back work and the rate down took anywhere between 3 to 6 years in previous downfalls. So this time around, how can we expect for jobs to turn around so quickly? It's only been two years since Bush's financial tactics were realized and two years since Obama has sat at the desk. It's going to take a while.
After midterms, it seems that America wants a change but there hasn't even been enough time to let the changes just made surface. The president has been rallying around the country in order to send out the message that something is being done and the people, or party, driving this something being done (please refer to the top of the page as to what "something" is) need to stay put. He also whipped out an analogy meant to sum up his message. If the country were a car, then Republicans drove it into a ditch. The Democrats are now in the ditch trying to get the car out as the Republicans yell they are doing it wrong without offering solutions and oh, they're drinking a slurpee. Now that the car is out and on the road, it is pointed in the right direction. All of a sudden, or actually pretty anticipated, the Republicans want the keys back.
Well Republicans, you can have the House, but we're keeping onto the keys. I'd rather put the car in "D" and take this country to a better place. Obama has done a great deal during his presidency so far and it's probably best to ride with him.
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment