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He Returned The Executive Branch To Fiscal Responsibility After the Bush Debacle
1. Within his first week, he signed an Executive Order ordering an audit of government contracts, and combating waste and abuse. http://1.usa.gov/dUvbu5
2. Created the post of Chief Performance Officer, whose job it is to make operations more efficient to save the federal government money. http://n.pr/hcgBn1
3. On his first full day, he froze White House salaries. http://on.msnbc.com/ewJUIx
4. He appointed the first Federal Chief Information Officer to oversee federal IT spending. http://www.cio.gov
5. He committed to phasing out unnecessary and outdated weapons systems. To that end, he also signed the Democratic-sponsored Weapons Systems Acquisition Reform Act, which attempted to put a stop to waste, fraud and abuse in the defense procurement and contracting system. http://bit.ly/hOw1t1 http://bit.ly/fz8GAd
6. Through an executive order, he created the National Commission on Fiscal Responsibility and Reform. http://bit.ly/hwKhKa
He Improved the Economy, Preventing a Bush Depression
7. Pushed through and signed the Democratic-sponsored American Recovery and Reinvestment Act, otherwise known as “the stimulus package.” The bill passed, even though only three Republicans voted for it. In a major departure from the previous administration, he launched recovery.gov, a website that allows taxpayers to track spending from the Act. http://1.usa.gov/ibiFSs http://1.usa.gov/e3BJMk
8. The Bush-led Great Recession was costing the economy nearly 800,000 jobs per month by the time President Obama took office. But by the end of his first year, the American Recovery and Reinvestment Act created and sustained 2.1 million jobs and stimulated the economyby 3.5%. http://reut.rs/i46CEE
9. Not only did he completed the massive TARP financial and banking rescue plan, he also leaned on the banks and others, and recovered virtually all of the bail-out money. http://1.usa.gov/eA5jVS http://bit.ly/eCNrD6
10. He created the Making Home Affordable home refinancing plan. http://1.usa.gov/goy6zl
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