President Obama Officially Begins Campaign


President Barack Obama
President Barack Obama

President Obama has hit the campaign trail, now that his presumed GOP opponent has virtually been named – all that is left is the convention in Florida, making Mitt Romney the official nominee.

The economy and healthcare are two of the primary focuses that the President will deliver to the American people as he hits the campaign trail.

On the Economy

President Obama has said that he would continue his efforts to “put America back to work,” according to his campaign website.

He also said, he has “added more than 4.1 million private sector jobs,” and his plan to add more includes creating clean energy projects; investing in technologies that would create manufacturing jobs; and creating easier access to patents for inventors.

In addition, to maintain and secure the gains that the President has made, his Obama administration’s consumer finance watchdog agency says that it is cracking down on lenders that discriminate against minorities and women.

The Consumer Financial Protection Bureau (CFPB) said in a letter to lenders recently that it will strictly enforce laws against discriminatory lending practices and it will go after subtle forms of discrimination that result from lenders’ policies. It said some policies appear to be fair but have discriminatory effects.

The CFPB is also offering consumers information about their rights and possible warning signs of discrimination by lenders and furthermore, it will scrutinize mortgages, student loans, credit cards and auto loans. This agency was set up after the financial crisis to protect consumers from loans and other services that include high fees and other traps, and to create and maintain transparency and integrity in the financial markets.

On Healthcare

According to his website, “President Obama passed the Affordable Care Act (ACA) to restore health care as a basic cornerstone of middle-class security in America. The ACA will make health care more affordable for families and small businesses, and bring much-needed transparency to the insurance industry. When fully implemented, the ACA will keep insurance companies from taking advantage of consumersincluding denying coverage to people with pre-existing conditions and canceling coverage when someone gets sick.

“Because of the new law, 34 million more Americans will gain coverage many who will be able to afford insurance for the first time. Once the law is fully implemented, about 95 percent of Americans under age 65 will have insurance…”

The ACA gives financial incentives to small business employers who pay at least half of their employees’ health insurance, making more people eligible for Medicaid/ Medi-Cal, and an increase in Medicare tax for wage earners making more than $200,000 ($250,000 for couples).

His expected opponent in the November election (Romney) and other conservatives continue to criticize the reforms, mostly calling them too expensive. However, most recent polls show President Obama ahead of Romney though in some cases, the race is a dead-heat.

These are some of what the President will continue to highlight as the campaign heads into the final stretch towards November.

For more info visit whitehouse.gov


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