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Within days after taking office, he signed an Executive Order ordering an audit of government contracts, and combating waste and abuse. 1.usa.gov/dUvbu5
On his first full day, he froze White House salaries. on.msnbc.com/ewJUIx
He appointed the first Federal Chief Information Officer to oversee federal IT spending.
http://www.cio.gov He committed to phasing out unnecessary and outdated weapons systems, and also signed the Weapons Systems Acquisition Reform Act to stop waste, fraud and abuse in the defense procurement and contracting system. bit.ly/hOw1t1 bit.ly/fz8GAd
Through an executive order, he created the National Commission on Fiscal Responsibility and Reform. bit.ly/hwKhKa
Improving the Economy, Preventing Depression
He pushed through and signed the American Recovery and Reinvestment Act, otherwise known as “the stimulus package,” despite the fact that not one Republican voted for that bill. In addition, he launched recovery.gov, so that taxpayers could track spending from the Act. 1.usa.gov/ibiFSs 1.usa.gov/e3BJMk
In his first year, the American Recovery and Reinvestment Act created and sustained 2.1 million jobs and stimulated the economy 3.5? reut.rs/i46CEE
He completed the massive TARP financial and banking rescue plan, and recovered virtually all of its costs. 1.usa.gov/eA5jVS bit.ly/eCNrD6
He created the Making Home Affordable home refinancing plan.
http://1.usa.gov/goy6zl He oversaw the creation of more jobs in 2010 alone than Bush did in eight years.
http://bit.ly/hrrnjY He oversaw a bailout of General Motors that saved at least 1.4 million jobs, and put pressure on the company to change its practices, resulting in GM returning to its place as the top car company in the world. lat.ms/zIJuQx
He also doubled funding for the Manufacturing Extension Partnership which is designed to improve manufacturing efficiency. bit.ly/eYD4nf
He signed the Fraud Enforcement and Recovery Act giving the federal government more tools to investigate and prosecute fraud in every corner of the financial system. It also created a bipartisan Financial Crisis Inquiry Commission to investigate the financial fraud that led to the economic meltdown. abcn.ws/g18Fe7
He signed the Credit Card Accountability, Responsibility and Disclosure (CARD) Act, which was designed to to protect consumers from unfair and deceptive credit card practices. 1.usa.gov/gIaNcS
He increased infrastructure spending after years of neglect. bit.ly/f77aOw
He signed the Helping Families Save Their Homes Act, expanding on the Making Home Affordable Program to help millions of Americans avoid preventable foreclosures. The bill also provided $2.2 billion to help combat homelessness, and to stabilize the housing market. bit.ly/eEpLFn
Through the Worker, Homeownership, and Business Assistance Act of 2009, he and Congressional Democrats provided tax credits to first-time home buyers, which helped the U.S. housing market recovery. bit.ly/dZgXXw bit.ly/gORYfL
He initiated a $15 billion plan designed to encourage increased lending to small businesses.
1.usa.gov/eu0u0b
He created business.gov, which allows for online collaboration between small businesses and experts re managing a business. (The program has since merged with SBA.gov.) www.business.gov
He played a lead role in getting the G-20 Summit to commit to a $1.1 trillion deal to combat the global financial crisis. nyti.ms/gHlgp5
He took steps to improve minority access to capital.
http://bit.ly/f9xVE7 He created a $60 billion bank to fund infrastructure improvements such as roads and bridges. bit.ly/e1SSaQ
He implemented an auto industry rescue plan, and saved as many as 1 million jobs. bit.ly/ibhpxr Many are of the opinion that he saved the entire auto industry, and even the economy of the entire Midwest. bit.ly/gj7mt5
Through the American Recovery and Reinvestment Act, he saved at least 300,000 education jobs, such as teachers, principals, librarians, and counselors that would have otherwise been lost. 1.usa.gov/ez30Dc
He dismantled the Minerals Management Service, thereby moveing forward to cut ties between energy companies and the government. nyti.ms/bw1MLu
Provided funding to states and the Department of Homeland Security to save thousands of police and firefighter jobs from being cut during the recession. bit.ly/g0IKWR
He used recovered TARP money to fund programs at local housing finance agencies in California, Florida, Nevada, Arizona and Michigan. on.msnbc.com/i1i8eV
Crafted an Executive order establishing the President’s Advisory Council on Financial Capability to assist in financial education for all Americans. bit.ly/eyqsNE