What Obama thinks about Economy

http://thecaucus.blogs.nytimes.com/2008/03/27/obamas-speech-on-the-economy/index.html?ex=1364270400&en=70adbc23c584a5c2&ei=5088&partner=rssnyt&emc=rss
In regards to the economy, Obama feels that we need to confront the housing crisis. This is that we need to make sure that everyone has a place to live and lift our economy out of recession. Obama proposed relief for homeowners and an additional 30 billion dollars package to acknowledge the nation’s economic anguish. Obama further states six principles and says they should guide the legal reforms needed to ‘establish 21st century regulatory system.’ Obama is also cautious that our change we need DOES go past laws and regulations because we need to shift in the culture of our financial institutions. I agree on Obama when he says that we need to take care of the families and children who do not have a place to live. This is something that our country has always looked down on and now there needs to be some type of stance on this specific issue. Obama then feels that global warming could happen but there is no definite time zone of when it could occur. He further says there is no reason why anyone should be too worried about it now because if it has not affected us quite yet, there is no need to get peope worried about something that could happen in a hundred years from now. He says though, that people should still be cautious about what they use every day and try to go green and slowly ease into this. Obama then feels that people proclaim this to be occurring very rapidly but we should focus on the bigger issues in the world at this moment. I agree with Obama on this position too. There have always been a number of threats to our economy, but global warming is not going to affect it too bad right now. Obama says that gas prices and overall prices of items are going to continue to increase over the next few years. To try to get these back down, the economy needs to focus on one thing at a time and get that fixed before ‘they’ start to change everything all at once. Furthermore, Obama supports embryonic stem cell research and was a co-sponsor of the 2005 Stem Cell Research Enhancement Act. This act passed by both houses of Congress but was vetoed by President Bush. Even though many people do not agree with this act, he is in favor of trying new things and feels that this could be a positive asset to many people in America.