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Difference Between Obama And The Middle Class

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Obama and the Middle Class

http://dailycaller.com/2014/04/28/report-obamas-economy-converts-middle-class-jobs-into-low-wage-jobs/

I understand the President is an easy target for economic problems. However I believe America has a deeper issue than who’s in charge. To have a functioning economic system you need a couple things. One is you need responsible people at the top. By at the top I mean the rich, the leaders of industry. They have to be responsible in how they handle their employees and their profits, they need to realize that growing the business and maintaining a good and happy workforce is more important than just lining their own pockets. Unfortunately as corporations have become global and detached from their employees, most CEO's and high ranking officials just don't care anymore. This is a big problem. The other big problem is that a good economy requires that everybody who is capable of work, works. Everybody needs to make every effort to pull their own weight. This also is not happening. …show more content…

It usually has positive short term effects but then it has long term unintended consequences. As I get back to work, the middle class is getting squeezed. Squeezed by greed at the top who is hoarding tons and tons of cash while refusing to raise wages for the middle class and squeezed at the bottom by an increasingly large group of people who do not feel compelled to work and produce, thus increasing the tax burden on the already overworked middle

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People should continue to work hard so in the future it can only benefit Americans. As Klemens said “It is essential we continue to build a strong labor force” (Klemens 123), so we develop strong leaders that are willing to guide and continue to develop a strong economy and a strong vibrant

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The incompetence of the world will be the motive to all catastrophic events. History will always repeat itself due to the world’s perpetual process of thinking. Will the prosperity of the Middle Class ever thrive? Will the “American Dream” become true? Since 1928, the Middle Class has been morally defeated.

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to fulfill the role of the economic leader, The president and the nations budget, make tax proposes, and determines how to handle an economic crisis. An extraordinary example of an economic leader is President Ronald Reagan. Reagan said the fundamentals of America 's economy with tax cuts, introducing Reaganomics, increasing military funds, reducing the social program budget and recovering the economy from the stock market crash. Reaganomics, economic policies introduced by President Ronald Reagan, focuses money towards America 's military. With healing the stock market, economic leader Ronald Reagan displays how the economic leader protects the common

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Ronald Reagan's economic policies proved controversial during his eight year tenure as U.S President (1981-89). Current economic historians still rigorously debate the rationale and impact of Reaganomics. Reagan inherited a struggling economy and embarked upon radical solutions to turn around American economic decline. Important measures included a reduction in business regulation and increased government control of monetary funds in order to control inflation. Although Reagan’s economic policy resulted in short-term success, which included the lowering of inflation and unemployment, his decisions to reduce income tax for the wealthy and government spending on social programmes, while increasing defense expenditures, polarized American public

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The real problem that lead America to an economic crisis is when the Federal Reserve began printing excess money, in which Coolidge did not recognize until it was already a

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Another major factor is the six components of the economy that must be addressed: taxes, inflation, unemployment, interest rates, debt, and the stock market. Additionally, the president needs to deal with other domestic and foreign policies that will create the legacy of this president. Unfortunately, not all presidents successfully meet all of the necessary means of being a president and eventually worsen the state of the country.

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Throughout United States history there have been several influential Presidents. Many modern day Presidents such as Bill Clinton, Ronald Reagen and Barack Obama, have made remarkable impacts on society. They have worked and created programs to positively affect our nation. Some of these actions include the Family and Medical Leave Act, Violence Against Women Act, minimum wage increase, Tax Reform Act of 1986, Environmental Protection Agency, deregulation, SDI, Affordable Care Act, and the Dont Ask, Don't Tell Repeal Act of 2010. These are just a few of numerous actions/programs these men enacted.

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The Presidents during the Great Depression and Great Recession, Franklin Delano Roosevelt and Barack Obama, respectively, resorted to similar actions in order to combat the economic catastrophes. President Roosevelt brought about the New Deal which consisted of programs, economic reforms, and regulations, to alleviate the conditions of Americans. But, at the same time, it was implemented in order to increase the extent to the government’s power and influence. Steve Hanke, an applied economist at Johns Hopkins University, states that similarly, “this type of intrusive response has also followed the Great Recession, ushering in a plethora of government regulations, particularly those that affect banks and financial institutions” (Hanke). Implementing these regulations and reforms requires large spending, so another parallel drawn can be the respective increase in government spending.

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Most who are with the former cite that a president is the highest position of power in the country, and is allowed to do what he finds proper and just. Many of his macroeconomic effects were done within his own power as president. The Pure Food and Drug-- and the Meat Inspection Acts were led by him through congress, both of which helped increase the aggregate demand for meat, setting standards higher and encouraging people to buy them more. He also helped regulate the railroads, which were very corrupt and controlled by a handful of rich robber barons, including J.P. Morgan and the Northern Securities Company, by using the Sherman Anti-Trust Act, allowing him to sue their trust for giving rebates to favored customers, and not charging reasonable prices. This allowed aggregate supply to increase, as producers were now able to transport their goods for less money.

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This was known as, “the worst economic disaster since the Great Depression of 1929” (Amadeo-Obama). One of Obama’s first orders of business was the American Recovery and Reinvestment Act of 2009. The idea of this was to give $787 billion back to the American people through new benefits for the unemployed and disabled, and also through cutting down taxes. In turn, this put about $250 billion back into the economy and got us out of the deep economic hole we were in. One of Obama’s campaign promises was to improve healthcare for the people.

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Work Cited Madland, David. " Growth and the Middle Class." Democracy Journal. 04 Mar. 2011. Web.

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“His election seemed to ensure prosperity. Yet within months the stock market crashed, and the Nation spiraled downward into depression.”

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Today, we live in a world where we rely on other people for things. As a society, America has become a very lazy community. We strive for individuality but always rely on others to get the work

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The White House refused to admit there was a recession until late 1991, even though Bush had spoken privately for months about the downturn in the economy that had cost millions of Americans their jobs. He vetoed a bill that would have increased unemployment insurance benefits, claiming that new spending would add to the problem of a growing federal deficit. During a visit to a Florida supermarket, he expressed amazement at a barcode scanner, already a common sight at checkout counters. These actions made Bush appear to be out of touch with the lives of ordinary Americans and the grievous effects of the recession. They seemed to confirm his image as a wealthy elitist, even though people who knew him praised his graciousness and generosity.

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Social change doesn't happen when you try to force people into

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