President Obama Job Performance Essay

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President Obama Job Performance On January 20, 2009, Barack Hussein Obama, broke the biggest racial barrier for African Americans by becoming the first Black President. He had previously served in the United States senate for four years before being elected President of the United States. Since his election, President Obama’s job performance has been bitterly disputed. I am going to discuss some important acts and events of his term and evaluate different opinions of the matter. The President’s ratings are measured by how he kept his promises, and by the current view on the economy. When Obama took office in January 2009, he inherited an economy that was going downhill. Gas Prices was starting to get out of control, and the House Bubble had started to bust, and people was unable to pay their mortgages. Many houses had started to go into foreclosure. The boom from the War was ending. President Obama had proposed a $700 Billion Bank Bailout that was rejected by Congress. This caused the Stock Market to crash, and it loss $1.2 trillion in market value. Congress decided to regress there action and pass the Bank Bailout Bill. On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009. It’s a $787 billion economic stimulus packages aimed at helping the economy recover from the deepening worldwide recession. The act includes increased federal spending for health care, infrastructure, education, various tax breaks and incentives, and direct assistance to individuals, which is being distanced over the course of seven years. In June 2009, President Obama signed into law the Car Allowance Rebate System known colloquially as “Cash for Clunkers”, that temporally boosted the economy. Democrats have praised the two acts stating that it took 8 years to mess up this country, and it would take longer to get the country on the right track.

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