American History

The United States economy is facing a financial crisis. This situation has prompted a quick action from President Obamas administration. Federal Reserve Chairman Ben Bernanke said in a congressional testimony We are better of aggressively today to solve our economic problems President Obama responded to the issue by submitting a federal budget for the fiscal year 2009. The budget indicated a deficit of 1.8 trillion in 2009 and 1 trillion in 2010 and also in 2011. This has increased the Gross Domestic Product from 40 to 60. According to Bernanke such an increase has never been experienced since 1950.

Lack of employment is also an issue faced by the Americans. In the year 2008 about 115,000 workers lost jobs in Florida. This was quite higher than any other state in America. Those working were paid low wages than it had been in the last decade. This has made it difficult for citizens to pay their mortgage and other necessities. President Obama during his campaign for elections promised to create more jobs.

Utilization of Power, Authority and Governance
Judging by president Obamas first year in office, he has demonstrated competence and discipline. The Economist (2010) Mr. Obama has resisted the temptation to give in to the populists in his own party and saddle Wall street that would choke it he has improved taxation on entrepreneurs who are shaping the economy. Besides this he has also refused to listen to protectionists. He is dedicated to improving the welfare of the people New York Times states Obama administrations early months in office were dominated by a single issue The economy

As part of exercising good governance and transparency Obamas administration restricts the Federal Reserves emergency-lending powers of overseeing systematic risks, and leading to the federal major overhaul in years. Obama made the central bank to obtain a written document of approval from the treasury concerning emergency funding. Obama proposed review of
Federal government structure and use of funds

Science Technology and Society
 Science and technology has boosted the growth of American Economy since world war two. Obama promised to keep this trend as a priority in his administration.  He acknowledges the innovation demonstrated by scientists. He also understands the challenges faced and gives remedies for new approaches to solving problems. He promised that his administration will increase funding for research and encourage young upcoming scientists.

Production Distribution and Consumption
The issue of distribution of resources and management among all the states in America is paramount in president Obama administration. Obama recently announced the use of 467 million from the American Reinvestment and Recovery Act to enhance development and utilization of geothermal power for all states in America. This is a move that will increase Americans competitiveness and also support jobs that will ensure quality energy. Obama says we have a choice. We can remain the leading exporter of clean energy.

Obama is passionate about creating jobs for the citizens. New York Times said Mr. Obama outlined proposals intended to promote job creation. They include incentives for small businesses to hire more workers and additional money to build roads Obama is also concerned with heath care which forms the main part of the domestic priority. Jonathan (2009) Key members of congress have promised to introduce ambitious health care reform legislation in 2009.

Conclusion
From all the above sources it is clear that Obamas administration is dedicated to the welfare of the citizens. The plans put in place are encouraging for instance The Caucus says He and his administration contend that about two million people are working otherwise would not be this is a positive impact and we hope to experience more.