Obama Still On Track
February 25, 2009
Hang on for a minute...we're trying to find some more stories you might like.
Email This Story
It has been a whirlwind of a month since Jan. 20, 2009 when Barack Obama was inaugurated as the nation’s first African-American President of the United States.
It is undisputed between both the left and the right side of the aisle that President Obama has inherited one of the worst national crises since the Great Depression. The bar has been set almost impossibly high when not just the American economy is in collapse but the global economy as well. The sub-prime mortgage crisis and stock market failure has only deepened the catastrophe that we are in currently. The sudden job loss that has crippled the country, together with the bailouts of the banks and auto-industry has brought the nation’s moral down incredibly. The problem with the economy currently is that people are saving, not spending. The public is wary of the economy and so logically they save rather than what will help save the economy, spend.
President Obama’s is also embarking on a brand new surge in Afghanistan, (also known as the forgotten war) of 50,000 troops starting a new war which will cost just as much as the current one. The nation is in for an extremely tumultuous period of time. But that is just it; it is a period of time.
Within only one month President Obama has made several incredibly vital decisions that will start the process to getting our nation to a stable point again.
In one month President Obama has approved the imperative bailouts for the nation’s banks as well as the auto-industry. If he had let either of those institutions fail we would face job losses and economic anarchy like never seen before.
Another crucial step President Obama has made to right the economy is the stimulus package. President Obama has created and passed a crucial, much needed stimulus package. The stimulus package will be made up of 60% spending and 40% tax cuts.
The bottom line is that in his first month President Obama has taken the necessary steps to creating stability within our nation. Fixing the economy, diplomacy in Iraq and finding and destroying Al-Qaeda will happen. Change isn’t here yet, but the Obama administration is on track to make it happen.