[SOLVED] History of Economics Summary of Obama’s Speech

History of economics summary of Obama’s speech Thank you in advance for the help! (Assignment) “The Sputnik Moment” President Obama, in his of the Union Address reminded America of the awaiting threat of another economic humiliation. He termed the crucial stage of developmental uncertainty as ‘Sputnik moment’ as it would abase the nation’s stature, obviously outsmarted by the emerging economies like India and China. According to him, the U.S. has got several things to learn from those economies for their fiscal policies especially with regard to education, infrastructure, and governmental investment in research. Obama reflexes the moment when American supremacy got questioned by the USSR victory in space research through their historic achievement of ‘Sputnik mission’. The country maintained its figure by beating at the moon, but here has come up with new challenges with varying difficulties to test ‘whether this nation would endure’ (remember Lincoln’s Gettysburg Address). As Craighill reports in Washington Post, 84 percent of speech-watchers responded positively to Obama’s speech. With regard to investment policy, Obama said that he would propose a new investment budget that aims at innovations in clean energy technologies and heavy reliance on nuclear power in order to meet the challenge of exceeding dependency on fossil fuel (McGreal). The most potential aspect of Indian, as well as the Chinese model of investment he finds, is their genuine concern in education, especially in math and science. “Over the next ten years, nearly half of all new jobs will require education that goes beyond a high school degree” he reminded. He also reminds the Republicans who are skeptical about huge investments that “cutting the deficit by gutting our investment in education and innovation is like lightening an overloaded airplane by removing its engine”. Obama intended to ensure the Republican support as he said they were at the moment to determine ‘if government’s growth is left unchecked and unchallenged’. He is sure about the favorable outcome of investing in education and research, which according to him would unleash a wave of new job opportunities. The economic logic he emphasizes is that only such basic strategic changes can bring forth sustainability in the long run. All other emergent strategies including cutting or borrowing will not meet the actual challenge but only intensify the persisting crisis. It seems that Obama has been losing confidence since taking office. Obviously he was more optimistic at his previous State of the Union Address when he said that the government initiatives would combat the economic downturn efficiently in short term. In contrast, now the paucity of confidence compels him to seek Republican cooperation in sharing the responsibility of governmental failure. He says, “With their vote, American people determined that governing will now be a shared responsibility between parties”. Republican stance on Obama’s investment schemes is different as they believe that the government should initially focus on addressing excess spending. However, Obama reiterates the collective responsibility of all Americans on the added debt of $3 trillion in the last 2 years. Although the president’s societal concern is substantial in itself, the fiscal measures he purports toward new investments and free healthcare tend to be doubtful about the reliability of their economic outcome. Works Cited Craighill, Peyton. “Polls: Public reaction to the state of the union mostly positive”. Washington Post, 26 Jan 2011. Web. 28 Jan 2001 http://voices.washingtonpost.com/behind-the-numbers/2011/01/public_reaction_to_the_state_o.html McGreal, Cris. “Obama’s State of the Union address: US must seize sputnik moment”. Guardian, 26 Jan 2011. Web. 28 Jan 2011 http://www.guardian.co.

 

So much stress and so little time? Take care of yourself: let us help you with your task on
[SOLVED] History of Economics Summary of Obama’s Speech
Get a 20% Discount on this Paper
Get Help Now

Haven’t found relevant content or pressed for time? –Don’t worry,  you have a team of Economics professionals to help you.

All you need to do is fill in the order form in the upper right corner and upload the files that are crucial for your assignment. Also, don’t forget to specify whether your assignment has to be based upon specific research, theory, method, or program. After that, we will assign the most suitable expert to complete your assignment. You can always chat with your expert and ask any questions you have during the working process.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with Do My Homeworkk
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Education
Awesome work, responded well and clarified everything.. Would definitely recommend, great service
Customer 452445, September 8th, 2021
Nursing
Good work, professional and beat the deadline. Thank you so very much
Customer 452445, August 24th, 2021
Nursing
A well-researched paper. Delivered before the deadline as well. Extremely pleased !!
Customer 452445, August 20th, 2021
Economics
Thank you - much appreciated!
Customer 452493, April 2nd, 2022
Other
Thank you!
Customer 452493, May 29th, 2022
Chemical Engineering
Amazing. The writer delivered the draft earlier than expected, lol. I am pleased with the work; I hope my supervisor will like it too.
Customer 452443, September 1st, 2021
Philosophy
Thank you! Will definitely use the writer again.
Customer 452443, October 22nd, 2021
Nursing
Great services.
Customer 452443, November 22nd, 2021
Finance
Wow! I should never have doubted you guys. Thank you for the excellent grade
Customer 452443, August 27th, 2021
Classic English Literature
Much appreciated - thank you very much!
Customer 452493, April 13th, 2022
Economics
THANK YOU! :)
Customer 452493, April 12th, 2022
English 101
Great work!
Customer 452443, December 2nd, 2021
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Order your essay today and save 15% with the discount code ESSAYHELP