Barack Obama/Economic Policy

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Wiki the vote tall.gif This article is part of the Wiki-The-Vote project to detail the positions and records of Sens. John McCain and Barack Obama. This article covers Obama and Economic Policy. See the main page on Barack Obama for other positions and more info.
Summary (how summaries work)

Obama was a strong advocate of federal funds to rebuild New Orleans and the Gulf Coast after Hurricane Katrina. He threatened to call hearings on what he called the slow reconstruction response of the Bush administration.



Contents

Budget, spending and taxes

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Trade issues

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Housing and mortgage issues

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Business regulation and consumer protections

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Other

Hurricane Katrina

In the wake of Hurricane Katrina's destruction of much of the city of New Orleans Obama became an advocate for federal funds to rebuild the city and the Gulf Coast while also stressing oversight of those funds. Obama also spoke out about the racial and class dynamics exposed by the Hurricane: "The incompetence [in the federal response to Katrina] was colorblind. What wasn't colorblind was the indifference. Human efforts will always pale in comparison to nature's forces. But [the Bush administration] is a set of folks who simply don't recognize what's happening in large parts of the country."[1] Obama went to New Orleans with former Presidents Bill Clinton and George H.W. Bush to see the displaced citizens and the damage done to the city.

Obama threatened to call hearings on the slow response by the federal government and with Sen. Tom Coburn also called for President Bush to create a "chief financial officer to oversee Katrina spending."[2]

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Gambling and gaming issues

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Articles and resources

See also

References

  1. Terry M. Neal, "Race, Class Re-Enter Politics After Katrina," Washington Post, September 22, 2005,
  2. Perry Bacon Jr., "Barack Obama Steps (Carefully) Into the Spotlight," Time Magazine, September 28, 2005.

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