Published: Tuesday, October 23, 2012
Updated: Tuesday, October 23, 2012 17:10
President Obama has made significant inroads into reducing the unemployment rate and increasing the economic vitality of the country.
Just a few weeks ago, the Bureau of Labor Statistics released its report that the new unemployment rate was at 7.8%, the lowest number since the president took office. This can be attributed to the constant growth in the private sector, with over 29 months of private sector growth.
The initiative of the Obama administration of going public-to-private in investment and job growth has seen a significant impact on our economy with positive stock market growth, growth in home values and more positive consumer outlook. The president has made it a priority that accountability be part of the lexicon in America; we cannot survive and succeed without being responsible and reliable citizens of the United States of America.
We have started on that task, with the federal money loaned to the automakers in Detroit being repaid in full and our auto industry being recovered without the loss of 1.1 million auto jobs. New checks on citizens’ investments and money have been set with new regulatory bodies designed to protect the everyday citizen from the Bernie Madoffs, Dennis Kozlowskis and other raiders of our hard-earned money.
It is not easy trying to revive a country that was practically on its deathbed; however, President Obama has weathered the storm to get us back on track and back to work. With the costs of health care set to go down under Obamacare, as per the Congressional Budget Office, companies will not have to worry about sick and unwell employees, allowing their bottom line to increase due to greater productivity. The ‘emergency room’ health care plan will bankrupt us, as it has already threatened to do to many medical services, including the Regional Medical Center in Memphis.
We are on our way back, thanks to the tough meddle of the president to secure public-to-private investments, having health care affordable and available and most importantly, holding ourselves accountable. We came out of the Great Depression due to great sacrifice from everyday citizens, and we will fully recover from the Great Recession due to our will that comes from our president, Barack Obama.