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April M. Rodriguez. Professor Heaton. Engl 1301. 04/19/2017.

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April M. Rodriguez
Professor Heaton
ENGL 1301
04/19/2017
The Obama Presidency Although the United States has been regarded as having dominant world power amongst other nations, the truth lies far from its holdings. During the George W. Bush administration (2001-09), the United States went through the worst economic crisis since the Great Depression, declared war on Afghanistan and Iraq causing poor standing with other nations, and was left with a $1.2 trillion-dollar deficit. With the election of a new President, President Obama, came new opportunities. During his campaign, President Obama focused on the needs of the American people rather than the needs of those of special interest. The former State Senator, Barack Obama, and Vice …show more content…

A survey of 37 economists conducted by the University of Chicago in 2014, for example, found that nearly all believed that without the stimulus, the unemployment rate would have risen higher than it did.” In addition to this, President Obama strategized new regulations to protect consumers and to prevent another financial crisis. In 2009 and 2010, he signed the Credit Card Accountability Responsibility and Disclosure Act, the Dodd-Frank Wall Street Reform and the Consumer Protection Act into law. The CCARD Act restricted and obligated interest rates on credit card companies and obligated them to enact transparent policies. The Dodd-Frank created the Financial Stability Oversight Council and the Consumer Financial Protection Bureau which could disintegrate banks if it was possible to fail for any reason including but not limited to subprime loans.
Despite the years of Republican obstructionism in Congress, as well as a breathtaking lack of respect from his political opponent, President Obama reformed the healthcare and immigration system. President Obama signed the ACA into law in March 2010 and promoted a broad immigration reform. Although it did not become law, the Development, Relief, and Education for Alien Minors Act, (DREAM Act) set the stage for the Deferred Action for Childhood Arrivals program. “Immigration and Executive Action” article writes:
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