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10 Answers
- MarchyLv 510 years agoFavorite Answer
Nothing. Well, he DID save money by stopping the space shuttles. But I really like space shuttles. So damn him!
- Anonymous10 years ago
He was elected on a platform of reform for healthcare and a proactive stance on the economy and that's what he did. I admire the Keynesian economic system and think that his implementation of Keynesian ideas into the economy was the best thing to do for America during the recession.
There's certainly a few negatives, though. He's done nothing for gay rights, which was expected of him when he was elected. The Libya thing is an absolute mess. Alot of the porgressive ideas he was elected on he's generally been ignoring.
The American people expected more change from him. Though he's done quite a bit, I think he promised a bit more than was possible for him to cover.
- Anonymous10 years ago
Hes working on a master plan as we speak...
The next question should be what has the right done to get voted in at all.
right done, done right. kinda catchy
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- darrin bLv 710 years ago
He has continued to show dignity and grace in spite of all the hatefulness being thrown at him.
He caught OBL.
Health care reform.
Credit card reform.
DADT repeal.
Just to name a few.
- Anonymous10 years ago
Absolutely NOTHING.
- Glenda B.Lv 510 years ago
Take your pick:
http://www.blueoregon.com/2010/12/obamas-accomplis...
The fact of the matter is that President Obama has been one of the hardest-working presidents America has seen in the White House in a very long time. His accomplishments are many - but conservatives will never give him any credit for them.
Here - here are just a few financial coups (which should make any self-respecting conservative salivate with gratitude, but they WON'T acknowledge Obama for it):
Banking and Financial Reform
BROAD POLICY
Established the National Commission on Fiscal Responsibility and reform.
Established President’s Advisory Council on Financial Capability to assist in financial education for all Americans.,
Restoring American Financial Stability Act of 2010.,
Dodd-Frank (DF) Wall Street Reform and Consumer Protection Act, the biggest financial reform law since the Great Depression.
Managed the Troubled Asset Relief Program (TARP)
Assigned a Special Inspector General for the Troubled Asset Relief Program Act of 2009.
Pension relief Act of 2010.
Fraud Enforcement and Recovery Act.,
Played a lead role in G-20 Summit re: financial crisis.
Reformed deferral rules to curb tax advantages for investing overseas.
Established new offshore investment policy that promotes in-sourcing.,
FUNDING
Cut salaries for 65 bailout executives (Pay Czar).
Banks have repaid 75% of TARP funds, bringing the cost down to $89B as of June 2010.
Closed offshore tax safe havens, tax credit loopholes. ,
TARGETED ACTIONS
Created the Financial Stability Oversight Council to monitor stability of the financial system and individual firms (DF).
New requirements for reporting financial data (DF).
Created self-funded Office of Financial Research (OFR) to collect information from financial firms (DF).
OFR employees must wait a year before working for certain financial firms.
Provided for orderly liquidation of financial companies (DF).
Limited trading activities of banks (Volcker Rule) beginning 2 yrs after passage (DF).
Swaps Pushout Rule prevented federal assistance to swaps (including derivatives) traders (DF).
Derivatives must be traded transparently through a clearing house (DF).
Defined the amount and nature of assets required to meet capital requirements (DF).
Originators of asset-backed securities must retain 5% ownership/risk (DF).
Bureau of Consumer Financial Protection (DF).
Stronger client fiduciary duty for broker-dealers (DF).
Higher standards for securities advertising and disclosures (DF).
Expanded “insider loans” (DF).
Higher standards for sytemically important ($50 billion assets+) institutions, including annual stress tests and restrictions on bank acquisitions (DF).
Executive compensation must be determined by an independent committee (DF).
Issued compensation guidelines for bank executive salary and bonuses.
Financial agencies must establish Offices of Women and Minorities to promote more diverse hiring (DF).
Credit Card Accountability, Responsibility and Disclosure Act.,
Credit CARD Technical Corrections Act of 2009.
Established a credit card bill of rights.
Reformed credit card swipe fees.
Created new criminal penalties for mortgage fraud.
Congress pursued Goldman Sachs for securities violations.
Permanently extended Research and Experimentation Tax Credit for domestic investments.
RESULTS
(Treasury) Sold 1.5 billion shares of Citigroup at a profit.
G-20 summit produced a $1.1 trillion deal to combat the global financial crisis.
Negotiated deal with Swiss banks to permit US government to gain access to records of tax evaders and criminals.
Financial reform has ‘strongest consumer financial protections in history.’