Obama Economy
Meghan Carpenter
Issue date: 11/11/09 Section: News
One year ago, as America elected its new President, excitement and hope filled the global community as we waited to see the changes promised during the campaign trail of Barack Obama. Although the impatient American people expected to see changes overnight, President Obama urged us to be realistic in our expectations of the new president.
During his visit to Madison on Nov. 4, the primary goal was to discuss America's necessary education reform. However, the president slipped in pieces on the state of the economy to assure Wisconsin that steps are being taken toward Obama's promises.
"Election Day was a day of hope, it was a day of possibility, but it was also a sobering one because we knew even then that we faced an array of challenges that would test us as a country. We already saw that there was a financial crisis that threatened to plunge our economy into a great depression-the worst we've seen in generations. We had record deficits, two wars, frayed alliances all over the world. We acted boldly and swiftly to pass a Recovery Act that has made a difference for families right here in Wisconsin, and Jim, your Governor, described the difference that it's made," said the president, clearly trying to ease the minds of Americans regarding the economic crisis.
The American Recovery and Reinvestment Act, signed by President Obama on Feb. 17, was one of the first major moves by the President in response to the global crises that the government attributes too "many years of irresponsibility, both in government and in the private sector" according to the White House website. A proposed objective of the American Recovery and Reinvestment Act is to create about 3.5 million jobs that are rooted in investments that will create sustainable economic growth, such as education, health care, energy and infrastructure. So far, the bill has, "created or saved over one million jobs, including 4000 education jobs right here in Wisconsin" the President said during his visit on Nov. 4.
During his visit to Madison on Nov. 4, the primary goal was to discuss America's necessary education reform. However, the president slipped in pieces on the state of the economy to assure Wisconsin that steps are being taken toward Obama's promises.
"Election Day was a day of hope, it was a day of possibility, but it was also a sobering one because we knew even then that we faced an array of challenges that would test us as a country. We already saw that there was a financial crisis that threatened to plunge our economy into a great depression-the worst we've seen in generations. We had record deficits, two wars, frayed alliances all over the world. We acted boldly and swiftly to pass a Recovery Act that has made a difference for families right here in Wisconsin, and Jim, your Governor, described the difference that it's made," said the president, clearly trying to ease the minds of Americans regarding the economic crisis.
The American Recovery and Reinvestment Act, signed by President Obama on Feb. 17, was one of the first major moves by the President in response to the global crises that the government attributes too "many years of irresponsibility, both in government and in the private sector" according to the White House website. A proposed objective of the American Recovery and Reinvestment Act is to create about 3.5 million jobs that are rooted in investments that will create sustainable economic growth, such as education, health care, energy and infrastructure. So far, the bill has, "created or saved over one million jobs, including 4000 education jobs right here in Wisconsin" the President said during his visit on Nov. 4.
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