2.13.10: Obama raises the debt ceiling - the U.S. can borrow 2 trillion more. He says the bill is necessary to "help usher out an era of irresponsibility and begin putting the country back on a fiscally sustainable path." The bill lifted the cap on the amount of money the U.S. can borrow by $1.9 trillion -- to a total of $14.3 trillion. The ceiling was lifted from $12.4 trillion to keep the U.S. from going into default.
1.24.10 Bipartisan panel: Deficit-reduction plan . (Pres. Obama said: "We not only need to change how we pay for policies, but we also need to change how Washington works. The only way to solve our long-term fiscal challenge is to solve it together -- Democrats and Republicans.")
(The Pres. has also called for a freeze in government spending for three years. And proposed a bipartisan Fiscal Commission to provide recommendations for long-term deficit reduction).
7.29.11 President Obama announces new fuel economy standards (a program to increase fuel efficiency and reduce greenhouse gas pollution for all new cars and trucks sold in the United States)
8.1.11: Startup America (a national campaign to help win the future by knocking down barriers in the path of men and women in every corner of this country)
9.8.11 American Jobs Act ( see the website ). The plan will improve infrastructure, help small businesses, end tax breaks for the wealthy and close corporate tax loopholes. DNC' s TV AD: "Get Going" pushes the jobs plan.
7.14.09 Pres. Obama talks about the economy before going to Michigan. On 7.15.09 while in Michigan he says: ‘Give it to me!’: Pres. Obama takes charge of the economy. "I love these folks who helped get us in this mess and then suddenly say, 'Well, this is Obama's economy,'" That's fine. Give it to me!"
3.27.10: Student Loan Reform (The student lending overhaul ends the current program that subsidizes banks and other financial institutions, allowing students instead to borrow directly from the federal government). The video .
7.28.10 Obama admin. filed a lawsuit against Ariz. Gov. Brewer signing an immigration law in April. Judge Bolton blocked key parts of the law - the most controversial provisions. The President won the day.