Barack Obama’s economic policy contains the American recovery and reinvestment Act of 2009.This law produces a great worth of infrastructure spending, funding for states, tax cuts, and other simulative measures. A random fact; Obama increase the federal minimum wage from 5.15 to 7.25 an hour. President Obama is investing for education, research and technology to strengthen the economy for the long road ahead. He also plans to produce more jobs inAmericato assist in rebuildingAmerica. American workers receive reduced taxes and small businesses were granted eighteen tax cuts. Another proposal of Obama is to mandate that the opulent pay a little more. Relating to foreign affairs, our commander-in-chief wishes to cease the Afghan war by 2014.And he will channel the currency from the war to fund public projects. Large investments are being made in the realm of clean energy in order to produce more employments opportunities inAmerica. To assist college students, the president impeded billions of subsidies depleted on banks.
Health Care: Obama wishes to expand and make it more accessible to lower income families. To achieve this feat he input the Affordable Care Act, which is scheduled to be fully active by 2014.Provisions includes several components. It mandates all individuals currently not medically covered to purchase a minimum form of insurance or pay a fee. It enforces companies with more than fifty employees to be penalized if they do not offer insurance benefits. Also Inhibits companies from denying coverage to customers with pre-existing conditions or annual limits on benefits. Mandates insurance companies to spend80%-85% sales they receive to be dispensed on Medicare. Also allows guardians to retain their children on their insurance policy until the age of twenty-six. So the main priority of the reform was to subdue the amount of Americans without health insurance. Under Obama care, contraceptives and vaccinations are free of charge. Abortion will be included in what’s covered by the Medicare. Concerning immigration,