Before talking
about what Obama has done and the state of the country currently I think it is
important to examine the country in 2008 when Obama took over office. In the
last quarter of 2008 there was a drop in growth of the economy by nearly 9
percent. At the time that was my most serious drop in the economy since the
1930s depression era. As far as the job market, it was estimated that the
country was losing 750,000 jobs a month in 2008. Many people thought that there
could be a catastrophic global collapse that could cause the next "great
depression".
As soon as Obama
took office he sprang into action. Obama began by bailing out the banks, which
was started by former President Bush. He also pushed to bail out the auto
industry and pass an almost $800 billion stimulus bill to help jump start the
economy. As a result it could be argued that the economic collapse bottomed-out
in 2010 and ever since the economy has been slowly growing. To back this claim
up with stats, it was estimated that in 2011 a total of 1.9 million jobs were
created. Now before my conservative friends start to claim that they were probably
all government jobs and its not a valid statistic pay attention, over 250,000
government jobs were cut. Experts state that government employment under Obama
for his first three years declined by 2.6 percent, which is higher than when
Reagan was in office.
From this
information I would argue that, although the stimulus didn't make our economy
"normal", it was still successful because it helped end the spiral
downwards and has proved to create jobs. In relation to the economy, the topic
of taxes is always a hot topic among the public. The right side would like you to
believe that Obama is a crazy liberal that has made it his goal to raise your
taxes but that just isn't the case. The reality is that Obama chose to continue
the Bush tax cuts and devoted one-third of the stimulus budget to tax cuts.
I think it is
only fitting that I end this blog post with arguably the currently most
controversial topic of that many people like to call "Obamacare." The
U.S. Census Bureau reported in 2006 that 47 million Americans are uninsured.
Since then the number has only increased, with many thinking the number is now
over 50 million. For the rest of the blog I will refer to Obamacare by its
appropriate name of Patient Protection and Affordable Care Act (PPACA). The
PPACA will end the problem of having such a ridiculously high number of
uninsured Americans. The Congressional Budget office estimates that this will
reduce the federal deficit. This makes sense if you think about it. Who pays
individuals medical bills when they don't have insurance? The answer is the government
and all of the citizens because we pay taxes to fund the government. It is also
not as left-leaning as people think because there is no public option which
means it’s not socializing medicine. However, the current American systems of
Social Security, Medicaid, Medicare, and public schooling are all socialist in
nature already, but that's for a topic on another day.
Obama isn't
perfect, no president, or anyone person is. But he has done a better job than
most people realize or will admit. Come this November I will vote for Obama
because he has given me hope, when four years ago it seemed like there was
none.
by YourLocalSecurity.com
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