Wednesday, February 18, 2009

Obamanomics - Current Issues



There’s quite a bit to keep up with where Obamanomics is concerned; it’s been a long time since a President took office and immediately took action. Many skeptics are saying he is doing too much too fast, but there are just as many people saying he is doing what long should have been done.
Here are some bullet points to keep the Ponderers up to speed on some of the key initiatives that are taking place within the Obama administration:

• Stimulus Bill – the $787 Billion Stimulus bill was approved in the House on Friday Feb 13, 2009 (with no Republican support) and was also approved in the Senate later that night. President Obama signed the bill on Tuesday Feb 17, 2009 in Denver, Colorado. More info from For You to Ponder on the bill.
• Housing Relief Program – President Obama is scheduled to unveil his Housing Relief Program at 12:15 PM ET. Stay tuned to For You to Ponder for a full breakdown.
• Afghanistan – President Obama has agreed to increase our presence in Afghanistan. The Pentagon released news that they are sending 17,000 more troops into Afghanistan. The President has stated that he believes there is something more needed there other than troops and will be looking towards diplomacy as a key ingredient.
• The Auto Industry – Obamanomics gave and additional $billion to GM on Wednesday Feb 17, 2009. The bailout continues.
• Buy American – To increase jobs, there is a provision in the Stimulus package requiring the use of U.S.-produced iron, steel, and other manufactured goods in public works projects funded by the $787 billion economic stimulus bill.
• Don’t Ask Don’t Tell – Spokesperson Robert Gibbs responded Yes to the question of whether the President still intended to get rid of this policy within the Military; he later expanded his answer to say that "So not everything will get done in the beginning but he's committed to following through". It looks like it’s coming, just no hard date on when.

These are all issues we should stay on top of, the time has come for us to be aware of the decisions our leaders make, and how those decisions affect our daily lives. Our President has come out of the gate at full speed; we owe it to him to keep up.

5 comments:

  1. I agree. We are to keep our President lifted up in prayer and also help support him. I think Pres. Obama is doing a great job so far and is doing his best to make things better. It's about time that we build our own country up.

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  2. Gerald9:00 AM

    Everybody jumped on the bandwagon to get a Black president elected, now how many will hang around to support his goals?

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  3. I'm anxious to see how the housing bill will help those facing foreclosure. The banking and auto industry have both gotten massive media coverage on their bailout, let's hope there is as much coverage of the common-man bailout where housing is concerned.

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  4. President Obama, was here in Mesa, AZ today and he talked a wide assortment of initiatives for helping with the housing crisis. AZ is third on the list of foreclosure cities. The speech was awesome and now we wait for the action. He mentioned, among other things, new rules to take effect in 2 weeks.

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  5. BlackinUSA - Thanks for the first-hand update on the speech. Georgia ranks in the top 10 on foreclosures as well. I too am in wait for the action, but this time around, I actually believe there will be some!

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