Has obama improved the the US economy since the last President?
I can't say that he has. The unemployment rate is high, federal regulations are still choking industry and business, and the deficit is a dark and unwholesome joke.
Obama, nor any president have direct control, or even all that much influence over the economy. The Federal Reserve, IMF, Bank of England etc. are the controllers, and the corporate conglomerates are the catalyst, government are just the paid for pawns that deal with the public, and assure everyone that things are going great.
I would agree with Mikeg422 on the part where you said that the President has no complete control over these sensitive matters, but he does have a huge say.
bethperry seems to disagree completely.I feel US has seen some of the worst days in the past few years.
Economic conditions are not a result of a singular policy maker. No President can directly improve the economy. But they can set a tone for favorable business conditions for capital investment, which eventually will improve the economic conditions. In this regard, I think he has failed terribly. Very little if any legislation he has passes or even proposed has been favorable to the overall business community. That being said...the economy has improved. He was sworn in during a period of extreme financial stress. So no matter what he did the overall economic conditions were likely to improve. On a relative basis...considering the size and scope of the economic downturn, the recovery has been anemic at best when measuring the so-called "real economy"...or the labor market. The Fed has been the most influential in terms of asset price appreciation. But that has only an indirect affect on those most in need and struggling to work their way up the economic spectrum. I see very little that I can say is a real stimulus to private capital investment. If anything, the incentives have been just the opposite.
by Scott Belford 9 hours ago
This is, of course, an open question since he has just started his four years, but since the RINO Party is already saying defeating Covid and growing the economy is a disaster, I thought I would start a thread that proves them wrong.I just listed two things he has done:- Got America well on its way...
by Scott Belford 11 years ago
Who has done better in economic growth, Bush II or Obama? Think carefully before answering.Using 4th Q 2009 through 1st Q 2012 GDP figures, after things stabilized somewhat from the debacle of the 2008 recessions, as a baseline for Obama, and comparing to the 6 similarly long periods from...
by fishskinfreak2008 14 years ago
http://news.yahoo.com/s/nm/20100122/ts_nm/us_obama"Let me dispel this notion that we were somehow focused on that (healthcare) and so as a consequence not focused on the economy. First of all, all I think about is how are we going to create jobs in this area".Well, healthcare is indeed...
by fishskinfreak2008 15 years ago
So President Obama's approval rating after one month is...only 68%. Our expectations of him on Inauguration night were too high. His approval rating back on Jan. 20 was around 80%.
by Jack Lee 6 years ago
Now that the dust has settled, after the 2016 election and a new administration in place, what grade would you give Obama? (A, B, C, D, F)?There is no right or wrong answer. Just your honest assessment of what he accomplished or failed to do...I will start by giving him a C minus. His 8 years has...
by lady_love158 13 years ago
http://finance.yahoo.com/news/Banks-rep … 62554.htmlForeclosures topped 1 million in 2010 and the pace is expected to pick up in this quarter pushing home prices down an additional 5% and putting more borrowers under water.Yes Obama and the Democrats are doing a bang up job on the recovery!...
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