When Obama became president in 2008, he became the leader of a country who´s economic value was virtually nothing. Poverty, unemployment, and homelessness swept the broken nation. This economic crisis was called the Great Recession. The Great Recession occurred when the housing market went from ¨boom to bust” in a short amount of time. Large amounts of mortgage backed securities lost all their economic value, and thousands of hard workers faced unemployment. Throughout this economic downturn a question has come into play, ¨Who fixed America’s broken economy?” President Obama got it right by increasing taxation thus spending it on improving safety nets, and increasing government spending to create more jobs.

Leading America through this time was a considerably large challenge. Nevertheless President Obama plunged headfirst into the darkness and came up with a small solution that would further help America along. Obama proposed the idea that the government should rise the taxation of certain things. Why would Obama want to raise the taxes in an already broken, poor, and beaten down economy? The answer is quite simple.

As mentioned in Document E, Obama made the statement ¨That people would be more likely to spend a small, recurring extra bit of money¨ ….. ¨And that the quicker the money was spent, the faster it would cycle through the economy.¨ Essentially President Obama concluded that if he rose the taxes, that the money Americans pay them for would get back into the economy’s core. Thus, putting more money back into the hands of American citizens to rebuild and spend of making rebound safety nets. Obama’s plan was to make America stronger once again.

Almost half the county was in poverty when President Obama became president in 2008. But unlike past leaders, he came up with a string of government programs the helped keep people out of poverty. Programs such as free health care, lower-income housing, unemployment benefits, social security, etc. These free programs are called safety nets. Since Obama became president, poverty rate had decreased by nearly 13.2 percent. Now, i know what you are thinking, How is a poor economy paying for free programs?

Your tax dollars. When Obama rose tax prices, the money flowed in and out of the economic ¨heart¨ faster. Thus, more money into the hands of the government and the people who supply the funds. The diagram from document D shows us a program called The Supplemental Nutrition Assistance Program. (SNAP) SNAP provides families with the nutritious food needed for a healthy lifestyle. When Obama came into office the people needing the service rate decreased by nearly 3 percent. Obama is putting money and assurance back into the hands of American people.

President Obama knew that half of America’s population was unemployed. His way of trying to fix this problem was by increasing government spending to create jobs. Obama would send an amount of money to a city/state and they would use the money (for example) to build a grocery store. Just to build the grocery store would create atone of jobs, and then once it’s built jobs would need to be filled to run the store. In the line graph on Document F, it clearly shows how unemployment rate went down since he became president.Obama successfully created jobs for the American people by increasing government spending.

Obama did a fabulous job running our country. But, it must be admitted that he did have his ups and downs. As stated in Document G, America still does have a ¨hidden unemployment¨ rate. Over 6.5 million people have part time jobs, but want full time jobs. All Obama’s plan for job creation did was solve the problem temporarily. Part-time workers are five times more likely to to live in poverty. But, Obama did come up with a solution to it at the time and he did the right thing. People today should recognize that Obama became the leader of a broken country, he did the best he could and pulled America out of the Great Recession and fixed America’s broken economy.

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