The Negatives Of Obamas Economic Plan

Topics: United States public debt, Unemployment, Economics Pages: 3 (487 words) Published: November 29, 2014
The negatives of Obamas economic plan

1.An economic policy is the role the government takes in the economic field. It covers interest rates, government budgets, labor market, and national ownership. Obama's economic consultants are Alan B. Krueger and Jeffrey Libman.

2.Americans are seeing how much an effect Obama is having on the economy, and not in a good way.

3.About three-in-ten (29%) say that Obama’s economic policies are making Americas economic conditions worse.

1.We know this because congress has given an extension of unemployment benefits to a maximum of 99 weeks, but congress has repealed the extension every time. They think Obama trying to make a difference in this way is silly considering if the congress' plan didn't work it wouldn't work this time around.

2.Although the extended time has given an ease to those unemployed and has given them a little extra money it doesn't create a bunch of new jobs like it is intended too.

some of the negatives on this subject are:

Democrats in Washington are pursuing tax increases, policy changes and regulatory actions that together threaten to dampen economic growth and "harm our ability . . . to grow private-sector jobs in the U.S.

Obama had promised to cut the federal deficit in half by the end of his term, but instead of doing so he has increased the debt by $5 trillion and the federal debt by 44%. Obama is unaware to the fact of how money is being added up and that our country is in high alert.

1.Obama is demanding more than $1 trillion in tax increases become a part of any deficit reduction package attached to a vote on the debt ceiling.

2.This is mind boggling to some considering raising taxes during a recession is a bad idea, if anything they should be trying to lower tax prices.

1.Oil is in major controversy between Obama and the government.

2.The president ended construction of Keystone XL oil and the government is worried that this could lead Canada into the...
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