Obama Administration's New Approach to Essay

Download this Essay in word format (.doc)

Note: Sample below may appear distorted but all corresponding word document files contain proper formatting

Excerpt from Essay:

Likewise, U.S. House of Representative George Miller (Democrat-California), chairman of the House Education and Labor Committee, emphasized, "A plan of this size was not easy to navigate, and it is not perfect. But I believe it's the best possible plan that could be reached swiftly, under challenging circumstances" (quoted in Dervarics 2009:6). Indeed, part of the president's approach to improving conditions for the business community are far-sighted and will in fact take years to achieve their full impact, with other aspects of the stimulus package will have a more immediate effect. For instance, according to Dervarics, "With unemployment rising, community colleges and others will see a spike in the number of individuals coming back for job-related training programs. The bill has $3.95 billion in additional funding for adult and youth programs, including $1.2 billion to create an estimated 1 million summer jobs for youth" (2009:6).

Despite the modest gains in employment in the construction, energy and information technology as well as the other sectors listed above to date and the anticipated addition of more to come in the near-term, the American economy continues to experience some of the highest levels of unemployment since the Great Depression, and pundits are placing the blame squarely on the president and his team of economic advisors, blame that is somewhat misplaced. For instance, Pfeiffer recently observed that in his remarks commemorating the terrorist attacks of September 11, 2001, "The President once again discussed his proposals to boost America's economic recovery -- from rebuilding America's roads and bridges, to giving businesses incentives to invest, to help for small business" (2010:3).

Unfortunately for the business community, though, many of the president's initiatives have been derailed by overriding partisanship in the U.S. Congress. In this regard, Pfeiffer emphasizes that, "If one sat back and tried to think of the most bipartisan idea the President could possibly propose to boost job creation, it would probably be providing tax breaks for small businesses, and yet even this has been blocked by the partisan Republican minority from even coming up for an up-or-down vote for months" (2010:4). In fact, cutting taxes for small businesses was one of the fundamental planks of Obama's election campaign (Fehr 2009). Because small business have been shown to be the engine of economic growth, this approach to economic development just makes good business sense. The well-entrenched lawmakers on Capital Hill may not agree on how best to solve the nation's economic woes, but at least the president has actively sought viable solutions rather than finding ways to thwart the economic development of the country by helping the small business community.


The research showed that President Barack Obama certainly had his hands full when he assumed office on January 20, 2009. The president inherited a full-blown mortgage industry melt-down and a litany of other fiscal problems that had affected first the U.S. And then the global economy in enormous ways, and Americans were rightly concerned when the president said that things would get worse before they would get better. Since that time, though, there are signs, albeit modest ones, that the U.S. economy has in fact turned a corner and is on the slow road to recovery. Taken together, it is reasonable to conclude that things would have gotten much worse much quicker had it not been for the steps taken by President Obama early on in his administration, and things might have improved much more rapidly without the bipartisanship and divisiveness that has consistently characterized the U.S. Congress in recent years. In the final analysis, the initiatives taken by President Obama since he assumed office indicate that he has the nation's best interests in mind and has taken the steps needed to help the business community in general and small businesses in particular.

Works Cited

Anderson, Scott. 2009. "Stimulus Package Could Fall Short of the Mark." ABA Banking Journal

101(2): 44.

Barron, Jacob. 2010, January 10. "Capitalizing on Capitol Hill." Business Credit 112(1): 46-47.

Burke, John P. 2009. "The Obama Presidential Transition: An Early Assessment." Presidential

Studies Quarterly 39(3): 574-576.

Carr, Matthew. 2010, January. "The Work Left Undone." Business Credit 112(1): 40-41.

Danforth, Dan. 2009, March 20. "Get in Line for Your Share of the Stimulus Package." Medical

Economics 86(6): 32.

Dervarics, Charles. 2009, March 5. "The Stimulus Package: Winners Large and Small." Diverse

Issues in Higher Education 26(2): 6.

"Economic Stimulus Package - Investment Provisions." 2009. Journal of Property Management

74(3): 20.

Fehr, Stephen C. 2009, January. "Obama a Change in Direction: Lawmakers Hope the New

President Will Ride in Tandem with the States." State Legislatures 35(1): 12-13.

Kolb, Jaffer. 2009, April. "Barack Obama's Economic Stimulus Package Aims to Help the World

Economy, but Could Be Aimed Squarely at Regenerating Ailing U.S. Urban Centers."

The Architectural Review 225(1346): 34-35.

Pfeiffer, D. 2010, September 10. "Another…[continue]

Cite This Essay:

"Obama Administration's New Approach To" (2010, September 13) Retrieved December 3, 2016, from http://www.paperdue.com/essay/obama-administration-new-approach-to-12208

"Obama Administration's New Approach To" 13 September 2010. Web.3 December. 2016. <http://www.paperdue.com/essay/obama-administration-new-approach-to-12208>

"Obama Administration's New Approach To", 13 September 2010, Accessed.3 December. 2016, http://www.paperdue.com/essay/obama-administration-new-approach-to-12208

Other Documents Pertaining To This Topic

  • Obama Administration s Health Care Plan

    While people who work with these kinds of issues can present their best guesses, they cannot actually provide proof that the Obama Administration's health care plan is good or bad, or how much it will cost. The 'if only' propositions that are in much of the plan tend to make statisticians and fact-checkers nervous, simply because of the nature of these kinds of propositions -- they rely on the

  • Obama Administration and B Obama

    ). Can Afghanistan be part of a containment process that is developed in parallel with a dialogue with Russia? There is no straight answer to this question, but one has reasons to believe that this is potentially an approach used by the new administration. One should note, however, also the fact that stability in Afghanistan is of great interest to Russia as well, which is why the administration in Moscow has

  • President Obama and Governor Romney Approach to International Relations...

    Obama & Romney -- Foreign Policy Approaches If "realist" stands for a person who pursues "security" based on "self-interest," "determinism," and "morality" on the international scene (quotes chosen from Chapter 1); and if "liberal" stands for "capable of cooperating," "cooperation," the impact of "non-governmental groups" (NGOs), "having many interests" and "international society," then President Barack Obama and Mitt Romney both reflect some of each of these traits, albeit Obama leans more

  • Obama s Energy Policy

    Obama energy policy in relation to the economy of the United State of America's 21st century economy. It begins with a general description of the policies and then proceeds and outlines the various elements of the policy. After the analysis the paper then presents the criticisms that are waged against the policy. A conclusions and recommendations are then presented at the end of the paper. These are geared towards

  • Tea Leaves on Obama s New

    U.S. And Russian atomic armories still surpass what is vital to deter atomic attacks. Currently, the United States deploys 1800 strategic warheads while Russia sends 1550 strategic warheads. Both countries have many warheads in reserve. No other atomic equipped nation deploys more than three hundred strategic warheads. China has close to forty to fifty warheads on intercontinental-range rockets (Art, 2012). Both nations have focused in their financial and security

  • Dream ACT s Newest Proposal May 2011

    Dream Act's Newest Proposal -- May 2011, Senate Bill 952 If Adolph Hitler and Eva Braun had somehow managed to make their way to the United States after World War II and had a child on American soil instead of killing themselves, the child of these hated foreigners would have automatically been an American citizen imbued with all of the rights and privileges afforded thereto. By very sharp contrast, children

  • Sustainable Market Orientation a New Approach

    Creating Opportunities for Sustainable Marketing At first blush, many marketing professionals might believe that sustainable marketing simply means finding new approaches to keeping their jobs, and in many ways, this is certainly the case. In the not-too-distant past, marketing professionals were able to gain a competitive advantage by adding value along the supply chain or other innovation that provided them with the ability to produce more efficiently. Moreover, the lessons learned

Read Full Essay
Copyright 2016 . All Rights Reserved