Monday, May 25, 2015

What has the Obama Administration done specifically to try to deal with the economic problems facing America?

President Obama has done a large number of things that he
sees as ways to deal with the economic problems that have faced the nation during his
time in office.  For the most part, Obama's efforts have followed the ideas of Keynesian
economics.


The most important part of President Obama's
plan was his stimulus program of government spending and tax reductions.  Keynesian
economics holds that a country that is in a recession should increase government
spending and lower taxes.  Both of these actions would give consumers more money to
spend.  Their spending would boost the economy.


The
President has also done other things that were meant to stimulate the economy.  For
example, there was the "cash for clunkers" program that was meant to encourage the
buying of new cars.  There were also programs to try to help out people who were in
trouble with their mortgages.


There are many other things
that President Obama has done, but these are some examples of his efforts to deal with
America's economic problems.

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