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Originally Posted by marketsmart
(Post 17917178)
These are just some of the great things he has done..
No wonder his approval rating is up to 53%...
If he can just get those nasty Republicans on board, we can turn this country around in about 18 months...
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Like the first 18 months went so well, now that the unemployed people are falling off the 99 week limit on unemployment, he can finally claim that he's getting the unemployment rate down!
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I am starting to think that the people that bash Obama here are just doing it because they are racists and can't stand the fact that an African Negro is doing such a fine job running the show.. :2 cents:
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Link to racism to stifle debate , that's why ignorant people call the race card
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RECOVERY ACT
The Recovery Act has saved or created as many as 3.3 million jobs; boosted the American economy, increasing GDP by as much as 4.5 percent in the 2nd quarter of 2010; and provided tax credits to 95 percent of working families.
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Unemployment rate still at 9%
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AFFORDABLE CARE ACT
The President enacted the Affordable Care Act, which provides stability and security to Americans who have insurance and provides affordable options for those who don?t; lowers costs for families, businesses, and our country as a whole; provides the largest middle class tax cut for health care in our history; and prevents insurance industry abuses and denial of care.
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which some federal judges have deemed unconstitutional
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WALL STREET REFORM
President Obama enacted strong Wall Street reform. As a result of reform, Americans will have the information needed to make the best financial choices for their families; companies won?t be able to take advantage of consumers with predatory practices; unexpected overdraft fees on checking accounts and unfair increases to credit card rates will be banned; and the era of taxpayer-financed bailouts for Wall Street banks is over.
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Main 3 problems with that.
1.Fannie & Freddie , We don't even know how much they have spent, but I think Barry is going to try and get rid of them in the new budget
2.Credit runs.
Gary B. Gorton, a finance professor at Yale, said the financial system would remain vulnerable to panics because the legislation would not improve the reliability of the markets where lenders get money, by issuing short-term debt called commercial paper or loans called repurchase agreements or "repos."
3.Leverage, Capital, and Reserves
"Regulators working right now will be tough," Professor Skeel said. "But we know from history that as soon as this legislative moment passes, the ball is going to shift back into Wall Street's court. As soon as the crisis passes, what inevitably happens is that the people that are paying the most attention are the banks."
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ENDING COMBAT OPERATIONS IN IRAQ
President Obama has ended our combat mission in Iraq and removed nearly 100,000 troops so that we can focus on fighting al Qaeda and rebuilding our nation at home.
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Then why do we need 50k troops that are still there, I say it's over when we have an embassy there and thats it
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NUCLEAR ARMS CONTROL
The President reached the most important arms control agreement with Russia in two decades. New START will reduce our nuclear arsenals and put inspectors on the ground in Russia and renews America?s leadership in pursuit of a world without nuclear weapons. President Obama also rallied the world behind a plan to secure all nuclear material from terrorists within four years, fulfilling a key campaign promise.
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Ever looked into why the Russians wanted this deal so much, it doesn't limit them like it limits us
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MIDDLE CLASS TAX CUTS
President Obama secured a bipartisan agreement extending critical tax cuts for middle class families, helping those families to make ends meet and boosting economic recovery.
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He extended them for political gain, Bush wrote them, did you give him any credit? Gain that didn't help the outgoing congress
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CREDIT CARD REFORM
The President signed bipartisan comprehensive credit card reform into law with the Credit Card Accountability, Responsibility and Disclosure Act (CARD), which stops unfair credit card practices.
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http://www.unionleader.com/article.a...c-fc6f2db713f2
How has it worked out?
Not so well. George Mason University Law Professor Todd Zywicki points out that the new restrictions hurt more consumers than they help.
Since the Card Act passed, mortgage and Treasury bill rates have dropped a little, but credit card interest went up -- from 13 percent to nearly 15 percent. Some banks also stopped offering credit to some people. JPMorgan Chase cut off 15 percent of its customers.
So the real result of this "consumer" regulation? "Hundreds of thousands of people can't get cards who used to be able to have cards, and all the rest of us now have to pay more," Zywicki said.
But maybe the people who can't get credit cards are better off because they couldn't handle credit wisely?
"Just to say they don't have a credit card doesn't mean that they don't have credit," Zywicki retorts. "They'll just go to more expensive places -- the local payday lender or the local pawn shop."
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FAIR PAY FOR WOMEN
The President signed the Lilly Ledbetter Fair Pay Act, ensuring equal pay for equal work.
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I'm all for that if they can do the job, I've been on construction jobs where women just couldn't keep up.
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REFORMING STUDENT LENDING
The President enacted the Student Aid and Fiscal Responsibility Act (SAFRA), which increases federal Pell Grants and loans; makes investments in community colleges, Historically Black Colleges, and other Minority Serving Institutions; and caps student loan payments in keeping with graduates? incomes.
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Which Obama wants to cut funds to in the new budget
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REPEALING DON?T ASK, DON?T TELL
The President has repealed ?Don?t Ask, Don?t Tell,? enabling individuals to serve in the American military regardless of their sexual orientation.
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I'm all for this, they didn't have this in place when I was in, gay people just got kicked out, but there were plenty of them and I see no reason anyone that's gay shouldn't be able to serve.
I just wish it hadn't taken so damn long for him to do it!