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Mixed Reviews for New President

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According to the Democrats, President Barack Obama is doing incredibly wellfailed miserably in every way. The major turning point for argument surrounds the economic stimulus package, and the truth is we will probably have to wait to see how this major policy measure turns out. We can say with certainty that we are traveling uncharted waters economically and politically. in his first month occupying the Oval Office. According to the Republicans, President Obama has

The wave of popular consent which swept the new President into office has yet to die down – the “100 day” honeymoon still has over two months remaining – but we can already see some chinks in the armor. For starters, President Obama’s economic stimulus plan has some major holes. In a failed effort to create Republican approval, the Democrats gave away billions in concessions, cut major spending on education and infrastructure, and added tax cuts to a bill already bloated with tax provisions.

For all their efforts the Democrats were still only able to capture 3 of the 277 Republican votes available in both the House of Representatives and the Senate. The economic stimulus act does have some vital expenditure in defense spending, construction, education and healthcare, but each of these areas deserved more attention.

President Obama is doing what he can to get a hold of our economic plight, but there remains much to be done. He has created a special automaker task force from his key economic advisors in an effort to curtail losses suffered by that industry. However, the investigation of the auto industry will likely not result in changes to the “free trade” system which undermined them in the first place.

It should also be noted that for all the grand-standing done by the Democrats and by President Obama himself, their stimulus package and their solutions to our other serious calamities are not the sweeping change we had hoped for. They rely heavily on “tax cuts,” which have proven themselves to be ineffective for over a generation. Most importantly they ignore our under funded educational system and the crumbling infrastructure of this nation. The plans also fail to address the WTO and NAFTA commitments which have gutted American industries.

If we want to actually “change” the downward spiral facing this nation, we have to enact major changes to policy. We need to push fair trade instead of “free trade” and realize that the “trade war” so feared by economists is already upon us. Thus far the president has not addressed these issues. Both he and his office continue to speak about lofty goals and ideals, but in practice they have little to show for it.

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http://www.economyincrisis.org/
Craig Harrington is pursuing a degree in History and Political Science at The Ohio State University. He is also a journalist for EconomyInCrisis.org.

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