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:
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: