|
There are plenty of unsupportive reactions after Barack Obama has been recently awarded a Nobel Prize for his contributions into peacemaking. Many still find it difficult to realize what has Obama really done so far. So, here we offer the list of major Barack Obama’s achievements since he entered the White House:
Global financial crisis. On February 17, 2009 the Dow Jones industrial average closed at 7,552, its lowest point in 5.5 years. On the same day Obama signed the $787 billion stimulus package what was supposed to become a “beginning of the end” for global financial crisis. On October 14, 2009 Dow Jones topped 10,000 for the first time in a year with the US stock market appears to have weathered the crisis. The most important factor in boosting the recovery over the last year has been a combination of the Federal Reserve's and the federal government's desire to put a lot of stimulus into the economy. Human rights. On Obama signed his first bill into law approving equal-pay legislation. Lilly Ledbetter Fair Pay Act expands workers’ rights to sue in cases of pay discrimination, relaxing the statute of limitations. Business. Obama imposed $500,000 caps on senior executive pay for the most distressed financial institutions receiving federal bailout money. Americans, he said, are angry at "executives being rewarded for failure." The new pay cap may signal a turning point that affects executive pay and begin a long-term effort to realign the way business leaders are paid. Domestic policy. One of Obama’s first presidential acts was also to issue a memo to federal agencies on the Freedom of Information Act which is intended to reduce secrecy of governmental records. It alerts agencies that they must use their offices to inform, even when what's revealed is embarrassing, not to shield or deflect. Health care. Obama signed legislation to expand publicly funded health insurance for children by pushing through a $33 billion bill that is expected to provide government-subsidized insurance to 4 million mostly low-income children. That would reduce the number of uninsured children in America by about half over the next 41/2 years and boost the number covered by the program to 11 million. The measure is funded primarily by boosting the federal tax on cigarettes by 61 cents, to $1 a pack. Global warming. Unwilling to wait for Congress to act, the Obama administration announced that it was moving forward on new regulations on greenhouse gas emissions from power plants and refineries. The proposed rules would place the greatest burden on 400 power plants by requiring them to prove that they have applied the best available technology to reduce emissions or face penalties. Science. On March 9, Obama signed into law an executive order that removed barriers to responsible scientific stem cell research. Now human embryonic stem cells, which have a great potential health benefit, will be supported by federal funds, as well as that prior limitations will be removed. War on terrorism. Obama signed executive orders to shut down the Guantanamo Bay terrorist detention center within a year and to ban harsh interrogations -- what critics say are tantamount to torture. Those actions are going to restore the moral authority and strengthen the national security of the United States. Iraq. Obama fulfilled a campaign promise to withdraw most U.S. troops from Iraq by the end of August 2010. International relations. The once intense relations Russia had with the American Government are now reported to be settling down after scrapping the controversial missile defense shield program in Eastern Europe. With the program scrapped, it opens the way for Russia to join with the United States in taking a harder line on Iran.
|