The Change He was Talking About

April 3, 2010

Community, General Politics

He was slow coming out of the gate. President Obama received lukewarm, at best, reviews for his first 100 days and subsequently his  entire first year in office.  Sometimes change needs to seem subtle and slow.

In late January 2010 most  political pundits were saying that health care reform was dead. Obama and the Democrats in Congress knew what health reform means to the average American. They knew if changes were not made to the system, Americans would continue to suffer at the hands of big business. This is a familiar theme in what the President and his allies in Congress value, change to favor the common American.  Their initiatives for credit reform and education reform will be even more advantageous to the majority of people. They will put power, through opportunity, back into the hands of to the common American.

The credit industry has thrived off of the lack of regulation under the Republican Scandal of the 2000s. The era was a gold mine for big business. On a basic level the credit scandal is easy to explain. Companies would give out loans, no matter how high risk and then sell that loan to another credit company turning a profit but not adding any value to the product. The system worked for people as long as the loans would keep moving through it. This caused things like houses and property to inflate in value as everyone was buying even if they couldn’t afford it. Homes were being bought and then sold for a profit without adding any value to them. A system obviously cannot sustain itself for eternity. Eventually prices and wages became too disparate and the average American took the fall for it. While the Republicans in our government have continued to support the small minority interests of their big business donors, it is not enough to stop change. The Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 will be critical to Americans while they continue to dig themselves out of the financial devastation.  How this help ensure a better future for America:

  • Bans Unfair Rate Increases
  • Prevents Unfair Fee Traps
  • Plain Sight /Plain Language Disclosures
  • Accountability
  • Protections for Students and Young People
  • See http://www.whitehouse.gov/the_press_office/Fact-Sheet-Reforms-to-Protect-American-Credit-Card-Holders/ for more details on how this bill will help the common American. OK, so that wasn’t in Obama’s first 100 days. Neither was education reform and that will have an even greater impact on the future of America.

    While credit reform will help Americans from falling prey to formerly legal credit scandals, education reform will give Americans the preparation for a career and future. 

    “The Obama administration’s blueprint to overhaul the No Child Left Behind Act (NCLB) will support state and local efforts to help ensure that all students graduate prepared for college and a career. Following the lead of the nation’s governors and state education leaders, the plan will ask states to ensure that their academic standards prepare students to succeed in college and the workplace, and to create accountability systems that recognize student growth and school progress toward meeting that goal. This will be a key priority in the reform of NCLB, which was signed into law in 2002″ http://www2.ed.gov/news/pressreleases/2010/03/03152010.html

    This reform is yet another example of the Republican Scandal that supports big business at the expense of Americans. Time magazine:

    George W. Bush and the rest of the Republican Scandal saw the failure of American schools as an opportunity to make money.  The leadership in our country is currently looking to change that trend. The current educational reform initiatives are seeing a focus on getting Americans the training they need to secure high demand careers. By focusing on Community Colleges which are historically much more fluid in their curriculum and able to change  to various market demands, President Obama and his teams of advisers are allowing Americans to better their financial situations sooner rather than later. This will help individual Americans and it will help ensure a long term well trained workforce in such vital industries as health care, energy, information technology and many others. This reform will see benefits in the near future and for years to come.
    America will not recover from our current economic crises overnight and Obama has a lot of challenges ahead to ensure progress continues. The Republican Scandal has been stealing the wealth and opportunity in the name of big business for 40 years and that won’t be easily undone, but with time we will once again make America the land of opportunity.
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    One Response to “The Change He was Talking About”

    1. Tim Says:

      Great article.

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