By Padmini Arhant
The economy, job and housing market are the most important issues for the American electorate.
An overwhelming population is experiencing tough economic situations one way or another and there is legitimate concern over the rising deficit as well.
President Barack Obama and Congressional Democrats achievements, work-in-progress including the remedial measures are elaborated for better understanding and fair assessment.
Upon assuming office President Barack Obama and the Congressional Democrats passed the economic stimulus bill worth $787 billion to salvage the economy from ‘Great Depression,’ at that time.
This step was vital for the U.S. and the global economy on the precipitous decline following,
The previous administration’s deficit spending on two simultaneous wars in Iraq and Afghanistan,
Facilitating financial market recklessness,
Free market deregulations in finance, health and energy industries,
Widening deficits through financial and auto industry bailouts with no accountability
Allowing Corporations to evade taxes on domestic and overseas earnings with adverse effects on national revenue.
Extending tax cuts for the wealthy – are the few recipes that triggered the economic disaster.
Remaining article...contd.@www.padminiarhant.com
Thank you.
Padmini Arhant
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