When Obama took office, he inherited a global economic recession, two ongoing foreign wars and the lowest-ever international favorability rating for the United States. He campaigned on an ambitious agenda of financial reform, alternative energy and reinventing education and health care—all while bringing down the national debt. Because these issues were intertwined with the economic well-being of the nation, he believed all would have to be undertaken simultaneously. During his inauguration speech, Obama summarized the situation by saying