This essay Nissan Hill has a total of 926 words and 5 pages.
24 August 2016
President Obama's Rebuilds America
Senator Barack Obama ran for the 44 th presidency in the United States of America with his running mate, Senator Joe Biden, defeating their opponents, Senator John McClain and Governor Sarah Palin. Barack Obama then became the first African-American President of the United States of America. Although President Obama has had many achievements through out his two consecutive terms, such as eliminating Osama Bin Laden, ending war in Iraq , and improving international relations; his greatest achievement was be ttering the economy for the American people. Economy is defined by our country's wealth in terms of the production of goods and how we consume them. Obama furthered the economy by creating a universal health insurance , lowering the unemployment rate , and furthering assistance for college students. President Obama's attentive management of what America has available has created a better economy.
From 2008 to 2016, America has had tremendous shifts in overall economics. Presi dent Obama has passed many acts, such as The Credit Card Accountability, Responsibility, and Disclosure Act , to ensure a greater economy for America but the most successful of them all was the Patient Protection and Affordable Care Act , best known as ObamaCare . After many failures to create universal health insurance by numerous Presidents, including Bill Clinton, George Bush, and Jimmy Carter, President Obama successfully created the Affordable Care Act. According to the New York Amsterdam News, " Because the uninsured are often unable to pay for their medical expenses, the expenses are passed on to those with premiums, causing inflation in their medical plan coverage expenses. Emergency room visits are more expensive than a trip to the doctor's office. As of August of 2013, the U.S. health care inflation rate was 2.34 percent, compared to 1.94 percent last month an d 4.05 percent as of last year" (Jones). Although many people believe ObamaCare is unsuccessful, ObamaCare bettered the U.S. economy by giving more access to affordable, class health insurance to Americans, ultimately reducing the growth in U.S. health care spending. By passing the Affordable Care Act, Obama has augmented America's economy.
Moreover , Obama's ability to decline the unemployment rate has helped improve the American economy. Recovering from a recession always results in decline of unemployment rates, but during President Obama's tenure, unemployment rates have lowered more than ever before. Since Barack Obama first took office the unemployment rate in America has dropped below five percent ( Bureau of Labor Statistics Data ). In 2009, Obama s igned The American Recovery and Reinvestment Act , an economic stimulus package that would help America's economy recovery from the great recession and in case of another recession. The American Recovery and Reinvestment Act created and saved jobs swiftly, lowering unemployment rates and recovering the economy. It also invested in many things that would better the economy in the future, such as education and renewable energy. On the word of Back to Full Employment , " As Obama's first term is reaching its end, the ARRA remains his most aggressive initia tive to fight mass unemployment" (Pollin 69). Obama has successfully reduced the unemployment rate tremendously throughout his tenure, which advanced the United States of America's economy.
Finally, President Barack Obama bettered the American economy by providing assistance to current and former college students. The most important investment people make after high school is into higher education. Although, higher education has become essential to make a comfortable living, many cannot afford it. College often puts Americans in great debt. Obama signed The Student Aid Bill of Rights into memorandum for the Department of Education. The Student Aid Bill of Rights provides students with security on obtaining as least student loans as possible. According to the Office of the Press Secretary, " Americans are increasingly reliant on student loans to help pay for college. Today, more than 70 percent of those earning a bachelor's degree graduate with debt, which averages $28,400 at public and non-profit colleges. Today's actions will help borrowers responsibly manage their debt, improve federal student loan servicing, and protect taxpayers' investments in the student aid program " ( FACT SHEET: A Student