Steve700

Are you kidding? He was elected more easily because of his race. All the minorities love the idea of having a president that wasn't white and the w****s did too because of white guilt over s***ery and a desire to be fair-minded and show the world America was fair and noble by electing a minority. You probably don't remember how the American public was deliberately conned into v****g for him, but I do. They were showing us videos of him with his trips to foreign lands, and showing us how all the foreign people loved him and it was said that we should love them also, and that he would make America loved and respected again. We were literally conned into v****g for him by g*******ts --- the bankers and the corporate elite who own all the news outlets.

You're an irrational Marxist programmed Fool to call Obama I darn good president. Obama and the Clintons are both horrifically corrupt and decietful. Both have a massive Deadpool of suspicious deaths. What did you want as president?, a crazy corrupt b***h that trades her influence and America's favor for her own personal gain (sells 20% of our uranium to Russia and has Russia depositing millions of dollars in the Clinton foundation), Rather than an Immensely Successful businessman who is already restoring the nation as well as fulfilling his other campaign promises. (finally, at long last; we get a president who means what he says) Of course, restoration of the country is Not what you wanted because you want only for Obama's fundamental t***sformation of America to come to full fruition . Even though that means Undoing what the founding fathers set into place and immersing us totally into Marxism. --- Do you have any idea what Obama did to try to prevent Netanyahoo from being elected in Israel??? DO YOU??? Of course not. You don't even know that all countries with power, do wh**ever they can to manipulate other countries to their own benefit. Do you really think that we are innocent. JERK!

You have all this wild ass criticism of Trump but what did you elect? A Destructive and Subversive Muslim C*******t Revolutionary. (and those descriptive adjectives are all provable facts), while in fact, you have no basis whatsoever for your assertion that we elected a mentally disturbed i***t. I repeat, You Are The One with a Mental Disorder NOT Trump. YOU ARE THE I***T!

pafret Loc: Northeast

You need to take a very careful look in the mirror because you are not seeing what I and most others see. You are a foul mouthed buffoon and your judgement is warped if you think I am what passes for Liberal, on this forum. Insults, mockery and interminable rants are your stock-in-trade.

permafrost Loc: Minnesota

Lou,

could not navagate the content. Did not get off the current page..

Good magazine I think. Not a fish wrap...

slatten49 Loc: Lake Whitney, Texas

You are, of course, correct in your assessment of Steve700. He is a tragic comic book Bizarro-type character who fantasizes an alternative universe of his creation. Those who read/follow your posts can attest to your also being head and shoulders above him in both character and intellect.

The fact is that his very postings dismantle any false notion of his intellect. He is a narcissistic, self-aggrandizing charlatan and not to be taken seriously. His is a classic case of a good mind gone to waste.

kankune Loc: Iowa

I can vouch for that Steve. At the time I was a loan officer. I can't even count the number of people that I advised against what they were doing in taking out one of these loans. Only a couple listened out of all of them. So....some of the responsibility has to go on the homeowners and or the buyers.

Then came the 125 second.....are you kidding me. You only have to have 1/2 a brain to take out one of those. I actually got fired from that job because I refused to offer it. You win in the short run, but lose big time in the long run with one of those. Another case of: well we'll just take it out now and worry about it later.

Louie27 Loc: Peoria, AZ

Thanks for trying to see the article.

jSmitty45 Loc: Fl born, lived in Texas 30 yrs, now Louisiana

What a bunch of fools, anyone who thinks Obammy was a good president! He was totally corrupt, and tried his best to dismantle America.. He is the worse ever.

permafrost Loc: Minnesota

smitty,


Why are you upset>? did you remortgage your house on his watch? Even when anyone with a brain told you not to..

The ability to refinance your home was not from Obama..

kankune Loc: Iowa

Perm...youre overstepping your bounds aren't cha? She voiced her opinion, and has every right to do so. Nothing was said about a mortgage and that would be none of your business anyway......

permafrost Loc: Minnesota

Darn it Kankune, I h**e it when I am not right..

sorry to her. If she talks to you, tell her i over reacted..

If you do not talk to her, I may get to it before the sun sets..

permafrost Loc: Minnesota

Smitty,

I am so sorry I made an assumption with no back ground at all. Please accept my apology..


US Economy
What Has Obama Done? 11 Major Accomplishments
Pin
Share
Flip
Email
President Barack Obama
President Barack Obama waves to the photographers as he returns to the South Lawn of the White House on May 28, 2015 in Washington, DC. Obama returned from Miami following a tour of the National Hurricane Center. Photo by Ron Sachs-Pool/Getty Images

US Economy
Hot Topics
Financial Crisis
Obamacare
Subprime Crisis
Economic Theory
Supply
Demand
National Debt
Fiscal Policy
Monetary Policy
Trade Policy
GDP and Growth
Inflation
U.S. Markets
World Economy
Economy Stats
Glossary
VIEW ALL
By Kimberly Amadeo
Updated June 22, 2017
President Barack Obama entered office fighting the 2008 financial crisis. He immediately launched the ambitious Affordable Care Act, despite backlash. His administration continued battling the Tea Party Republicans after they gained Congressional majority in the 2010 mid-term e******ns. Despite these challenges, he accomplished many great things. Here are the top eleven. Find out how they match up to the 2008 "Yes We Can!" campaign promises.




1. Ended the 2008 Recession
In February 2009, Congress approved Obama's $787 billion economic stimulus package. It cut taxes, extended unemployment benefits, and funded public works projects. The recession ended in July when GDP growth turned positive. In just seven months, the American Recovery and Reinvestment Act pumped $241.9 billion into the economy. That increased growth to a robust 3.9 percent rate by early 2010. By March 30, 2011, almost all ($633.5 billion) of the funds were spent.

Obama bailed out the U.S. auto industry on March 30, 2009. The Federal government took over General Motors and Chrysler, saving three million jobs. It forced the companies to become more fuel efficient and therefore more globally competitive.

2. Received 2009 Nobel Peace Prize
On October 9, 2009, Obama won the Nobel Peace Prize. The Committee lauded "his extraordinary efforts to strengthen international diplomacy and cooperation between peoples." He withdrew troops from Iraq in 2011.

He reduced the U.S. nuclear warhead stockpile by 10 percent. (Source: "Inspires Hope for a Better Future," Nobel Prize.)

3. Reformed Health Care
On March 23, 2010, Obamacare revolutionized healthcare. Why did healthcare need to be reformed? Rising costs threatened to outstrip Medicare's ability to pay for it, and contributed to 50 percent of all bankruptcies.


The quality of care was one of the worst in the world. By 2014, the economy benefited from having 95 percent of the population on health insurance. The greater number of people receiving preventive care reduced the number of expensive visits to emergency rooms. For more, see Obamacare Pros and Cons.

4. Regulated the Big Banks
In July 2010, the Dodd-Frank Wall Street Reform Act improved regulation of eight areas that led to the financial crisis. The Consumer Financial Protection Agency reduced harmful practices of credit cards and mortgages. The Financial Stability Oversight Council regulated hedge funds and banks that became too big to fail. The "Volcker Rule" banned banks from risking losses with their depositors' money. Dodd-Frank clarified which agencies regulated which banks, stopping banks from cherry-picking their regulators.

Dodd-Frank directed the Securities and Exchange Commission and the Commodity Futures Trading Commission. These regulated the riskiest derivatives, like credit default swaps and commodities futures. Dodd-Frank also asked the SEC to recommend how the credit rating agencies, like Moody's and Standard & Poor's, could be improved.

5. 2010 Tax Cuts
In December 2010, Obama and Congress agreed upon additional stimulus in the form of an $858 billion tax cut.


It had three main components: a $350 billion extension of the Bush tax cuts, a $56 billion extension of unemployment benefits, and a $120 billion reduction in workers' payroll taxes. Businesses received $140 billion in tax cuts for capital improvements and $80 billion in research and development tax credits. The estate tax was exempted (up to $5 million), and there were additional credits for college tuition and children. For more, see Obama Tax Cuts.

6. Eliminated bin Laden Threat and Withdrew Troops from Iraq and Afghanistan Wars
On May 1, 2011, Navy SEALs attacked the al-Qaida leader's compound in Pakistan and eliminated Osama bin Laden. Later that year, Obama withdrew troops from the Iraq War. Three years later, renewed threats from ISIS meant troops had to return. For more, see Will It Ever End? How the Sunni-Shiite Split Affects the U.S. Economy.



In 2014, Obama wound down the war in Afghanistan. Ending the wars in Iraq and Afghanistan should have reduced annual military spending. At over $800 billion, it was the largest discretionary budget item and one of the leading causes of the budget deficit and national debt. Instead, military spending remained higher than during the Bush Administration. For more, see War on Terror Costs.

7. Won 2012 P**********l Re-e******n
Obama won a second term as president on November 6, 2012. Republican P**********l candidate Mitt Romney promised to repeal Obamacare and Dodd-Frank. V**ers were not sure about eliminating health benefits and regulations against big banks. Romney failed to capture the country's imagination by not presenting a new vision for economic growth.

8. Nuclear Agreement With Iran
On July 14, 2015, Obama brokered a nuclear peace agreement with Iran. In return, the United Nations lifted the economic sanctions it imposed in 2010. For details, see Iran's Economy: Impact of Nuclear Deal and Sanctions.

9. World's Largest Trade Agreement
On October 4, 2015, Obama's team negotiated the T***s-Pacific Partnership. If ratified by Congress, it would have replaced NAFTA as the world's largest free-trade agreement. It would have removed tariffs between the United States and 11 other countries that border the Pacific Ocean.

Obama launched the T***satlantic Trade and Investment Partnership between the United States and the European Union. His term ended before negotiations could be finalized. It would have been bigger than the TPP.

10. International C*****e C****e Agreement
Obama led global efforts to finalize the International Climate Agreement. It was negotiated in Paris on December 12, 2015. Countries agreed to reduce carbon emissions and increase carbon trading. Members decided to limit g****l w*****g to 2 degrees Celsius above pre-industrial temperatures. Developed countries will contribute $100 billion a year to assist emerging markets. Many developing countries bear the brunt of damage from c*****e c****e, facing typhoons, rising sea levels, and droughts.

At least 55 of the 196 participating countries must now ratify the agreement before it can go into effect. At the 2016 G20 meeting, China and the United States agreed to ratify the agreement. These two countries are the world's largest emitters of greenhouse gases. (Source: "Climate Agreement Best Chance We Have to Save the Planet," CNN, December 14, 2015.)

Obama announced carbon reduction regulations in 2014. He enacted the Clean Power Plan in 2015. It reduces carbon dioxide emissions by 32 percent from 2005 levels by 2030. It does this by setting carbon reduction goals for the nation's power plants. To comply, power plants will create 30 percent more renewable energy generation by 2030. It encourages carbon emissions trading by allowing states that emit less than the caps to trade their surplus to states that emit more than the cap. (Source: "Obama Just Created a Carbon Cap and Trade Program," Climate Central, August 4, 2015. "President Obama to Announce Historic Carbon Pollution Standards for Power Plants," The White House, August 3, 2015.)

11. Best Job Creator
Obama is the biggest job-creating President in U.S. history. His policies put 22.309 million people to work from the depths of the recession in January 2010 to the end of his term. That's because unemployment continued to rise even after the recession ended in 2009. It takes a few months of economic growth before businesses are confident enough to begin hiring again.

Since the beginning of his term, he put 17.267 million people to work. That makes him the second best job-creator, following Bill Clinton. Job gains would have been even better if Congress had approved Obama's proposed Americans Jobs Act. For more, see Job Creation by President.

Other Accomplishments
Maintained Continuation of Federal Reserve Policy - Obama appointed Federal Reserve Vice-Chair Janet Yellen to replace Ben Bernanke. She maintained an expansionary monetary policy that created the lowest interest rates in 200 years. This allowed the early stages of the housing recovery and slow but steady business expansion to continue. For more, see Relationship Between Treasury Notes and Mortgage Rates.

Deficit Spending - The major mark against Obama is the increase in the national debt. Part of the reason for this increase was the deficit spending he used to stimulate the economy. Deficits fell in his second term. Obama's total projected deficits are $6.576 trillion.

FY 2017: $441 billion
FY 2016: $600 billion
FY 2015: $438 billion
FY 2014: $485 billion
FY 2013: $679 billion.
FY 2012: $1.087 trillion
FY 2011: $1.3 trillion.
FY 2010: $1.294 trillion.
FY 2009: Added $253 billion in stimulus spending to the Bush budget.
For more, see How Much Has Obama Added to the Debt and Deficit by President.

No Personal Scandal - One achievement has gone unnoticed but is nevertheless admirable. That's Obama's unblemished personal record. President Obama has served longer than any president in decades without the appearance of the word “scandal” on the front page of the Washington Post. For more accomplishments, see Obama's Top 50 Accomplishments.

Obama's Advisers
Part of the reason for Obama's success is his first team of economic advisers. Many of them helped formulate the policies he outlined during his 2008 campaign platform, including an aggressive fiscal stimulus plan to put the country back on track. He was applauded for appointing former Federal Reserve Chairman Paul Volcker as the head of the Economic Advisory Panel. He named Mary Schapiro head of the Securities and Exchange Commission following the Madoff Ponzi scheme. However, he was criticized for including former Treasury Secretary Lawrence Summers, who oversaw repeal of the Glass-Steagall Act. By January 2011, infighting had sent Larry Summers, Christina Romer, Peter Orszag and Paul Volcker on their way.

Obama's Early Years
Barack Obama was born in Hawaii on August 4, 19651. He received his B.A. from Columbia University in 1983 and his J.D. from Harvard Law School in 1991. He was a professor of constitutional law for the University of Chicago from 1992 to 2004. He published his autobiography Dreams from My Father: A Story of Race and Inheritance in 1995.

He became an Illinois State Senator in 1996. He served until he became a U.S. Senator in 2005. He gained national attention when he spoke on behalf of John Kerry at the 2004 Democratic National Convention. He published The Audacity of Hope: Thoughts on Reclaiming the American Dream in 2006. (Source: "Barack Obama," Whitehouse.gov. "Barack Obama," Biography.com.)

kankune Loc: Iowa

Thank you Perm. You're really cool when ya want to be. Big Smile. : )

Steve700

I beg to differ. My judgment is the product of a sound mind and I told you I didn't remember much about you to have formed much of a character assessment that may have assumed judging from one post. But why are you taking things so personally, that's a sign of an insecure person that is usually a product of a lack of self-awareness. Sorry if I offended you, but ..........