President Barack Obama Told His Goverment Must "get serius"
President Barack Obama Told His Goverment Must "get serius" abou reducing DebtU.S. President Barack Obama said on Monday that ground since Januaty bur mote jobs would be lost before a full recovery is in place. Speaking at a White House meeting of his Economic Recovery Board, Obama said the current pace of job losses was "distressing and would not improve quickly.Adderessing the panel of business and labor leaders and econonists, the president said it will require"bold, innovative action" on the part of the goverment and private industru to bring the unemploymet rate dowon and paul Volcker.
Early failures don’t always portend a failed presidency.
“A president whom we all admire like John F. Kennedy had to get through the Bay of Pigs before he moved on to his record of accomplishment,” says Mr. Widmer of Brown University.
At least, he adds, Obama has not endured disaster, even if he has yet to pull off a signature piece of legislation in the vein of what Franklin Roosevelt and Lyndon Johnson achieved early. In the first 100 days alone, Roosevelt pushed through 15 major bills, a record that matched the extraordinary circumstances. By August 1965, less than seven months after winning the presidency in his own right, Johnson had launched Medicare, Medicaid, and the Voting Rights Act.
“A president whom we all admire like John F. Kennedy had to get through the Bay of Pigs before he moved on to his record of accomplishment,” says Mr. Widmer of Brown University.
At least, he adds, Obama has not endured disaster, even if he has yet to pull off a signature piece of legislation in the vein of what Franklin Roosevelt and Lyndon Johnson achieved early. In the first 100 days alone, Roosevelt pushed through 15 major bills, a record that matched the extraordinary circumstances. By August 1965, less than seven months after winning the presidency in his own right, Johnson had launched Medicare, Medicaid, and the Voting Rights Act.
Prevention of an economic collapse may be Obama’s greatest achievement to date. But at a Democratic Party fundraiser on Oct. 20, Obama expressed chagrin at “collective amnesia on the part of some folks” over where the economy stood nine months before. “We were seeing an economic crisis unlike any that we had seen in generations,” he said. The stimulus, he added, has “made a difference in the lives of families across America.”
Some historians are dubious that Obama deserves all the kudos for saving the economy.
“If he gets credit for that, you also have to give credit to [then-Treasury Secretary Henry] Paulson and Bush for rescuing the financial system in the fall,” says Alvin Felzenberg, author of a book on presidential ratings, “The Leaders We Deserved.”
Some historians are dubious that Obama deserves all the kudos for saving the economy.
“If he gets credit for that, you also have to give credit to [then-Treasury Secretary Henry] Paulson and Bush for rescuing the financial system in the fall,” says Alvin Felzenberg, author of a book on presidential ratings, “The Leaders We Deserved.”
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