Changes

====Healthcare mandates====

====Healthcare mandates====

{{main article|Obamacare}}

{{main article|Obamacare}}

On March 23, 2010, Obama signed the Patient Protection and Affordable Care Act (PPACA). The act originated in the [[Democratic]]ally controlled House and was amended and passed the Senate just prior to Sen. [[Ted Kennedy]]'s death largely along party lines with a significant number of Democrats voting to oppose. In what was construed as a de facto rejection of the bill, [[Massachusetts]] voters elected a [[Republican]] candidate, [[Scott Brown]], who promised to vote against the bill if given the chance.<ref>{{cite web|url=http://voices.washingtonpost.com/thefix/senate/scott-brown-wins-massachusetts-senate-race.html|work=The Washington Post|author=Chris Cillizza|date=January 19, 2010|title=Scott Brown wins Massachusetts Senate special election race|language=English|format=HTML}}</ref>  After Obama made a promise to issue an [[executive order]] that would ultimately prohibit the use of taxpayer subsidies to pay for [[abortion]] services,<ref>{{cite web|url=http://articles.latimes.com/2010/mar/22/nation/la-na-healthcare-passage22-2010mar22/3|work=The Los Angeles Times|format=HTML|language=English|title=House passes historic healthcare overhaul|date=March 22, 2010|author=Noam N. Levey and Janet Hook}}</ref> the Democratic [[House of Representatives]] would pass the bill as it left the Senate 219-212, with 34 Democrats and all other parties dissenting.<ref>{{cite web|url=http://articles.cnn.com/2010-03-21/politics/health.care.main_1_health-care-entire-house-democratic-caucus-pre-existing-conditions?_s=PM:POLITICS|date=March 21, 2010|author=Alan Silverleib|work=CNN|format=HTML|language=English|title=House passes health care bill on 219-212 vote}}</ref>

On March 23, 2010, Obama signed the unpopular Patient Protection and Affordable Care Act (PPACA). The act originated in the [[Democratic]]ally controlled House and was amended and passed the Senate just prior to Sen. [[Ted Kennedy]]'s death largely along party lines with a significant number of Democrats voting to oppose. In what was construed as a de facto rejection of the bill, [[Massachusetts]] voters elected a [[Republican]] candidate, [[Scott Brown]], who promised to vote against the bill if given the chance.<ref>{{cite web|url=http://voices.washingtonpost.com/thefix/senate/scott-brown-wins-massachusetts-senate-race.html|work=The Washington Post|author=Chris Cillizza|date=January 19, 2010|title=Scott Brown wins Massachusetts Senate special election race|language=English|format=HTML}}</ref>  After Obama made a promise to issue an [[executive order]] that would ultimately prohibit the use of taxpayer subsidies to pay for [[abortion]] services,<ref>{{cite web|url=http://articles.latimes.com/2010/mar/22/nation/la-na-healthcare-passage22-2010mar22/3|work=The Los Angeles Times|format=HTML|language=English|title=House passes historic healthcare overhaul|date=March 22, 2010|author=Noam N. Levey and Janet Hook}}</ref> the Democratic [[House of Representatives]] would pass the bill as it left the Senate 219-212, with 34 Democrats and all other parties dissenting.<ref>{{cite web|url=http://articles.cnn.com/2010-03-21/politics/health.care.main_1_health-care-entire-house-democratic-caucus-pre-existing-conditions?_s=PM:POLITICS|date=March 21, 2010|author=Alan Silverleib|work=CNN|format=HTML|language=English|title=House passes health care bill on 219-212 vote}}</ref>

Amongst other things, the act mandated that everyone purchase health care coverage or face punitive tax measures, and was upheld by the [[Supreme Court]].

Amongst other things, the act mandated that everyone purchase health care coverage or face punitive tax measures, and was upheld by the [[Supreme Court]].

====Regulatory reform====

====Regulatory reform====

Obama criticized the "revolving door" of government and business.<ref>"We need to close the revolving door that lets lobbyists come into government freely, and lets them use their time in public service as a way to promote their own interests over the interests of the American people when they leave." [http://www.whitehouse.gov/the-press-office/remarks-president-welcoming-senior-staff-and-cabinet-secretaries-white-house REMARKS BY THE PRESIDENT IN WELCOMING SENIOR STAFF AND CABINET SECRETARIES TO THE WHITE HOUSE,] January 21, 2009. whitehouse.gov </ref> After appointing [[Peter Orszag]] his first Budget Director to dole out the stimulus cash, Orszag resigned to become Citigroup's Vice Chairman of Global Banking. Citigroup was the recipient of $476 billion in [[bailout]] money - more than any other bank - after the disastrous [[Financial crisis of 2008]].<ref>[http://nymag.com/daily/intelligencer/2011/03/citibank_received_more_bailout.html Citigroup Received More Bailout Money Than Any Other Bank,] By Nitasha Tiku, 3/16/11. </ref> Before the bailout, Orszag's expert opinion of the chances of a mortgage meltdown were 1 in 500,000.<ref>[http://www.pierrelemieux.org/stiglitzrisk.pdf Implications of the New Fannie Mae and Freddie Mac Risk-based Capital Standard,] by Joseph E. Stiglitz, Jonathan M. Orszag and Peter R. Orszag. Fannie Mae Papers, Volume 1, Issue 2, March 2002, Conclusion p.6. </ref>

Obama criticized the "revolving door" of government and business.<ref>"We need to close the revolving door that lets lobbyists come into government freely, and lets them use their time in public service as a way to promote their own interests over the interests of the American people when they leave." [http://www.whitehouse.gov/the-press-office/remarks-president-welcoming-senior-staff-and-cabinet-secretaries-white-house REMARKS BY THE PRESIDENT IN WELCOMING SENIOR STAFF AND CABINET SECRETARIES TO THE WHITE HOUSE,] January 21, 2009. whitehouse.gov </ref> After appointing [[Peter Orszag]] his first Budget Director to dole out the stimulus cash, Orszag resigned to become Citigroup's Vice Chairman of Global Banking. Citigroup was the recipient of $476 billion in [[bailout]] money - more than any other bank - after the disastrous [[Financial crisis of 2008]].<ref>[http://nymag.com/daily/intelligencer/2011/03/citibank_received_more_bailout.html Citigroup Received More Bailout Money Than Any Other Bank,] By Nitasha Tiku, 3/16/11. </ref> Before the bailout, Orszag's expert opinion of the chances of a mortgage meltdown were 1 in 500,000.<ref>[http://www.pierrelemieux.org/stiglitzrisk.pdf Implications of the New Fannie Mae and Freddie Mac Risk-based Capital Standard,] by Joseph E. Stiglitz, Jonathan M. Orszag and Peter R. Orszag. Fannie Mae Papers, Volume 1, Issue 2, March 2002, Conclusion p.6. </ref>