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The first 50 days in office
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It has only been 50 days since President Barack Obama has taken office and some people are already beginning to call him a failure.
On Monday’s edition of Lou Dobbs Tonight, Dobbs asserted that “the stock market has no confidence in President Obama's economic policies” because the Dow plunged to a 12-year low.
In a Newsweek article, Howard Fineman stated that the tide is turning in the wrong direction for Obama because his “2010 budget...tries to do far too much, with way too rosy predictions on future revenues and growth of the economy. This led those who fear we are about to go over Niagara Falls to deride Obama as a paddler who'd rather redesign the canoe.”
I have skimmed through the comments of many Americans who feel as if Obama’s economic recovery plan is not working because: more jobs are being lost, more people are losing their homes, and more 401Ks are shrinking. In my opinion, it would not matter if Obama, John McCain or Kermit the Frog was running the country because the economy would still be going down the drain. Let’s remember that President Obama inherited the housing, job and banking mess.
Let’s be honest. It has only been 50 days. Some of Obama’s cynics are probably taking a page from Rush Limbaugh’s book anyway—they want him to fail. They are looking for anything to prove that Obama is not good leader. Now, as a registered Independent, I will admit that I am concerned about the billions of dollars we are spending to fix the economy. I don’t want my children and my children’s children paying for the mistakes of this generation. But, were the Republicans and I differ is that I understand that the economy must be “stimulated” somehow. I’m not sure if letting the chips fall as they may is the correct response to this crisis. Instead of just saying that his plan wouldn’t work, it would have been nice to hear what their alternatives were as opposed to just letting businesses fall and “irresponsible” homeowners fall harder. Increasing unemployment benefits, helping hungry families receive food stamps, and pumping money into failed schools isn’t being a socialist. It’s called caring about the well-being of many Americans who are struggling like never before. In addition, it really bothers me that Republicans now want to exercise budget restraints under the new administration when in 2008 $8 billon was spent per month on the Iraq war.
It took eight years for America to get into the mess that we’re in; we can’t possibly expect for Obama to fix it in 50 days. This economic recession might take a year or so to turn around. So before we write President Obama off as a failure, let’s give the economic plan a chance to work. Because if he fails, so does America.
For more info: about Obama's economic plan, visit http://www.whitehouse.gov/agenda/economy/. Learn more about DeShuna Spencer.
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