Although the State of the Union address did not pack the usual Obama punch, he outlined his plans to turn the country's ecomony around.
What the American public wants, and needs, is an actual plan to generate savings, but what Obama provided in his speech earlier this month was a lot of empty words.
Imagine that instead of racing to raise that "D" in Calculus by the end of the quarter, you’re trying to get a country out of billions of dollars of debt, attempting to solve conflicts in the Middle East, facing constant criticism and, on top of that, trying to raise a family.
The course of a presidential legacy is often defined by the actions a president takes in his or her first 100 days of office. These first 100 days, often called "the honeymoon period," are an opportune time for a president to sway the country's policy because of the public and congressional approval granted to a newly elected chief of state.
By passing 12 pieces of New Deal legislation during his first 100 days in office, 32nd President Franklin Delano Roosevelt set a monumental standard for subsequent presidents to follow. Although a president's first 100 days were an insignificant matter before FDR's presidency, this period became a benchmark of political effectiveness after Roosevelt set his golden standard. In fact, 70 years later, the first 100 days are still used as a predictor for the future success of a president's term.
Vienna, Va.
April 22 - Freddie Mac Interim Chief Financial Officer (CFO) David Kellermann was found dead in an apparent suicide by hanging, according to sources close to the investigation. Kellermann has worked at Freddie Mac for the past 16 years and was made acting CFO in September after the government seized control of Freddie Mac in the midst of the economic crisis. Kellermann's actions at work had been under strict government regulation since he took the position.
April 23 - The International Monetary Fund (IMF) predicted that the world economy will recover from the recession in 2010 after continued shrinking in 2009. Originally, the IMF had predicted that the world economy will grow in 2010 by almost 3.3 percent but it has since downgraded that prediction to 1.3 percent. Although the Chinese and Indian economies are predicted to grow 6.5 percent and 4.5 percent respectively, the economies of Western Europe and North America are expected to contract 3.8 percent to offset the gains in Asia. The report also predicts that unemployment levels will rise around the world before receding in 2010.
Juniors Tomas Deza and Richard Adamson met President Barack Obama, Vice President Joe Biden, First Lady Michelle Obama and former President Clinton on Tuesday while planting trees in honor of Earth Day. Deza and Adamson are a part of the environmental group Student Conservation Association (SCA) that helps protect and restore national parks.
In the wee hours of Dec. 16, 1773, American colonists disguised as American Indians snuck aboard a British ship and threw overboard crates of tea to protest the new tea taxes.
Detroit, Mich.
March 29 - General Motors (GM) Chairman and Chief Executive Officer (CEO) Richard Wagoner resigned under pressure from the Obama Administration. After panning GM for failing to turn itself around earlier this month, the administration asked Wagoner to step aside during a meeting on March 29. Former GM President and Chief Operating Officer Fritz Henderson will take over as Chairman and CEO of the struggling automaker. The administration has given GM 60 days to create a plan to prove that the business can be revived. If GM fails to come up with a viable plan, the government will stop giving federal money and allow the company to file for bankruptcy.