Resolved: Obama should be re-elected

Given our previous track record together, I foresee a very tough debate for me considering that this is the first political debate that I have done in a long time. [ABSTRACT] Barack Obama is one of the greatest Presidents of modern times because he has greatly helped the economy, the middle class, and improved the standards of living despite the tough opposition form the Republian Party. Obama has had the toughest job of any previous President because of the feirce opposition from his opponents and the extremely hard economy when he became Presidet. When he became President, the US economy was in free fall headed in the worst financial disaster since the Great Depression, 750K jobs were being at a loss each month, and Wall Street was on the verge of collapse. Moreover, Obama has inhereted a trillion+ dollar deficit. I. ECONOMICSObama has improved the economy since becomming President. He has shown his strong, bold, and coreageous leadership throughout this economic downfall. There are three things that I will examine under "economics": 1) Health care; 2) Wall street reform; and 3) Recovery ActA. HEALTH CARE Barack Obama has successfully enacted the health care reform bills that will improve the standards of living for the middle class and improve the economy of the US. Moreover, it will decrease our deficit by threefold. The Health Care will Decrease the DefecitDespite the attacks from the GOP, the health care law will decrease our deficit and thus improve economy. How will this occur? Let's examine the facts. 1. Extend healt care to over 34 million Americans - Without the reforms, health care costs have hurt American citizens into bankruptcy to get the care they need. Consequently, this has driven up our nations's deficit. When Obama took on the insurance companies, he ended the worst practices which will reduce health care cost and make coverage more affordable for all Americans. Because the cost is lower, the reform is predicted to reduce the deficit by over 1 trillion USD over the next 20 years [1] 2. Holding insurance industry abuses - The Affordable Care Act begin by preventing abuse from the health insurance companies, correcting marketing failures, and securing coverage for Americans who may go uninsured and uncared. (More on this later). [2] 3. Beinding the growth curve of health care spending - Finally, it will reduce our deficit by saving more than $200 bilion over 10 years because it reduces health care costs by rewarding doctors, hospitals, ad other providers that deliver high quality care, making investments to fund research into what works, and cracks down on wastes, fraud, and abuse. [3]The Health Care Reform will improve the standards of living for the middle class. As a result of the health care reform, 37million + Americans will have access to health care that they never had before; you will now be able to stay on your parent's health insurance until you turn 26; and insurance companies cannot deny you based upon pre-existing condition. [4] B. WALL STREET REFORMWhen Barack Obma went into office, Wall Street was on the verge of collapse and was on the verge of a failure neve seen since the start of the Great Depression. Since then, Obama has heled Wall Street accountable and prevented such a disaster from occuing once more. In short, the Wall Street Reform does the following things: Tax payers will not be held accountable for Wall Street's irresponsibility. Instead, Wall Street will have to pay the price because they (and arguably Bush, though he is irrelavent), caused the financial disaster. The "Proprietary Traidint" Will be Seperated from the Business of Banking Ending bailouts. - In other words, no business should be such a monopoly that it is "too big to fail. " Arguably, there are many companies that are like that today such as Bank of America and Bernie Mae and Fredie Mac. [5] C. RECOVERY ACT Not sure where to begin on this one. There are a lot of great things that Obama has done th the recovery act. For example, it has created 3.7 million jobs [6] and in 2010, more jobs were created than in the entire Bush administration. [7] This chart [8] illustrtes such improvements: Additionally, the payrolls surges by 162K. [9] CONCLUSIONObama has faced many challenges along the way. Although he is not perfect, we can reasonably say that Obama deserves to be re-elected. Not only has he improved the economy, but has done much to keep it from collapsing again. __________________________________________Sources and Footnotes1. . http://www.whitehouse.gov... 2. Ibid. 3. Ibid. 4. Fact from Obama's website on health care. URL: . http://www.barackobama.com... 5. . http://www.whitehouse.gov... 6. . http://thehill.com... 7. 8. This chart is courtesy of . http://www.democraticunderground.com... though this chart is slightly outdated as it does not contain the information from 2011-2012. Needless to say, it is still accurate and jobs are still growing. 9. . http://www.boston.com...