• Obama aims at a longer plan of laying a strong foundation for future economic growth that
will benefit all Americans. He is working for economic recovery on all fronts.
• He signed the American Recovery and Reinvestment Act within a month after his 2009
inauguration. This is part of a plan to save or create 3.5 million jobs. There is also a proposed
tax cut for 95% of the working class. He also plans on making critical investments in
infrastructure.
• The housing crisis which kick started the financial crisis is being brought under control
by offering refinance at historically low mortgage rates and also to prevent more foreclosures.
• Obama plans to make significant investments in healthcare, energy and education to cut
costs and generate revenue for American businesses and families, creating jobs that cannot be
shipped overseas.
• Obama believes in a bottom up economy and not a top down one. In the former the rules of
government and business are fair and are universally applicable. It leads to an increase in people's
enthusiasm and motivation and Obama believes this is the key to a growing a prosperous economy
constantly striving for the betterment of its products, people and nation.
• Spending $12 billion in Iraq will not help America tide over it's difficulties.
• Obama supports a Credit card Bill of Rights to protect consumers.
• Obama aims at bringing strict control over corporate loopholes and tax havens. He calls for
reducing tax cuts for people who don't need thus saving more than $150 billion.
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