At the end of the President’s first year in office, lots of folks were assessing the performance of the Obama Administration. While there have been some major shortcomings, I believe this President has accomplished quite a bit, especially when you consider the mess he inherited and the opposition of the GOP members of Congress since he took office. When President Obama took office, he faced some of the toughest economic times since the Great Depression. At that time the nation’s economy was losing almost 700,000 jobs a month on average. Our banking system was in crisis and lending was frozen. Almost $10 trillion in wealth was either gone or lost in the stock market. Millions of Americans found their savings were at great risk of being wiped out. We had gone from large budget surpluses to huge deficits during the eight years of the Bush Administration.
Now we are finally beginning to see some real light at the end of the economic tunnel. Most believe that the economy has been stabilized and, hopefully, our financial institutions are now being better regulated. No doubt our standing in the world community has greatly improved. But, without any doubt, there is still lots to do and that requires Congressional action. The lingering debate over healthcare reform consumed the majority of the President’s energy and efforts. Now that this important reform has passed, this Administration and Congress must get down to work on other important issues. There are many critical issues – other than healthcare reform – that now must be dealt with. It’s time for things to get moving in our Nation’s Capitol!
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