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

p Describe Three Economic Problems Facing professorship Obama in the First 120 DaysNameSubjectProfessorDateBarack Obama , the 44th President of the unify States , faces huge sparing challenges in his first 120 eld in office . Many Americans today see go for in Obama but he has to do more than comely inspire people in to salvage the faltering US economy . Among the various economic problems Obama currently faces today argon 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 national debt currently stands at 68 of the gross domestic intersection 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 because of the global recession Obama s 787 billion financial bailout plan will also bury up a huge chunk of the national bud nail , further contributing to the growing debt (Dupuis and Boeckelman 34Another problem that will likely add 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 health care system that would operate medical care is given to everyone , but the cost of that program may also add to the debt Furthermore , the US has a relatively large aging population that would likely lose weight tax revenues and boost government spending (Kuttner 185The...If you want to get a full essay, order it on our website: Orderessay

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