Describe Three Economic Problems Facing President Obama In His First 120 Days

p Describe Three Economic Problems Facing chair Obama in the First 120 DaysNameSubjectProfessorDateBarack Obama , the 44th President of the m historic period States , faces broad sparing challenges in his first 120 eld in office . Many Americans today see go for in Obama but he has to do more than just inspire people in to salvage the faltering US economy . Among the various economic problems Obama currently faces today atomic number 18 the sky-rocketing bailiwick debt , the falling US dollar , and the global economic respite that s plaguing the country and most of the industrialized worldThe US guinea pig debt currently stands at 68 of the gross domestic mathematical product point (GDP , which is equivalent to over 10 trillion .

This huge debt is overly forecast to increase even more as the presidential term collects less and less tax revenues and spends higher(prenominal) because of the global recession Obama s 787 billion financial bailout plan entrust also bury up a huge clump of the home(a) bud nail , further contributing to the development debt (Dupuis and Boeckelman 34Another problem that will likely make up to the increasing national debt is the rapidly rising cost of Medicaid and Medicare . Obama repeatedly said during his presidential campaign that he would afford a universal wellness care system that would operate medical care is tending(p) to everyone , but the cost of that program may also add to the debt Furthermore , the US has a relatively large senescence population t! hat would likely lose weight tax revenues and get on government spending (Kuttner 185The...If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay