Obama and the Economy

In President Obama's first speech to the joint Congress, he discusses a variety of issues. He opens with discussing the recession, a topic of conversation in almost every household. Throughout the speech, he discusses issues facing the country using a central theme of responsibility. He opens up his speech discussing the major issue facing America; the economy. As a country, we have been very irresponsible. We have delayed reform. We have spent money we didn't have, which piled up into more and more debt. We were only focused on short term gains. He boldly blames the banks, insisting that they gave out loans irresponsibly. Obama made clear that we will not push these problems to another day and the time is now! He claims that his economic plan will not only resolve today's economic issues, but will keep the country in prosperity!

His economic agenda: More jobs. He will create 3.5 million jobs over the next two years. He gets very personal in his speech, discussing 57 Minneapolis police officers who were on duty that night because they didn't get laid off. What a brilliant orator. He makes his remedy to this economic chaos sound better by discussing tax cuts. Tax credit for college, which I find brilliant. Not only is he targeting every American household with a family member in college or college-bound, but through targeting education through economic agenda, he makes government spending sound positive. Skeptical? Oh, don't you worry. Joe has that one covered- an oversight team will be run by Joe Biden himself. Want to know where your money is going? Recovery.gov... Obama is not wasting any time. This site will show you how and where your tax money is being spent. Why wouldn't you trust an administration that is so brutally honest, they tell you exactly what's happening, in an unprecedented fashion, the internet?!

He then discusses the domino effect: NO lending.. people can't buy things.. if people can't buy things, that means our economy will worsen. We need to restart lending. Auto loans, college loans, small business loans especially. Obama wants them to thrive to keep economy running.


He then spoke of the animosity some may have towards his plan. He knows people are bitter. After the eight-year administration from hell, people are looking to Obama to pick up the pieces in one fell swoop. He knows this decision of helping banks is unpopular and people are infuriated. But making decisions out of anger and not complying with his agenda is irrational. We need to help banks so we can help the American people! Domino effect. The result of helping the banks? Confidence will return.. our economy will recover.