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Obama's Economic Policies: Mid-term verdict?

Updated on November 14, 2010

US Midtern Elections; Verdict on Obama?

Many political commentators have called the mid-term election results a defeat for Obama and his policies; I happen to disagree with that contention. I think the victory the Republicans enjoyed is more of a revelation that the US electorate is frightened and scared. The voters are scared and frightened of what the immediate future holds for them, their children, their family member and their neighbors.
People are very concerned that they will wake up tomorrow out of work, living on the street or subsidizing family. This fear leaves Americans acting and thinking in non familiar ways.
The Election results do not show that Americans are rejecting Pesident Obama’s policies, they simply show that people are desperate for a quick fix; the quick fix that will spare them from experiencing the same fortunes as some of their neighbors and friends. What the voters failed to realize is that no matter who they voted into office, the fixes will not be quick.
It is very reasonable to deduce that the policies already set in motion by the Obama administration stand a greater chance of having an impact on the economy, than any policies the Republicans will try to introduce into the economy in the very near future. When you are anxious however, it is tough to do this deduction.
Another thing that people fail to realize is that Obama is firmly entrenched for two more years, and you do not get any economic growth by saddling a sitting president with an oppositional, contrary congressional majority. This is no way to improve economic outlook.
This election. contrary to published reports is not a defeat for Obama and the democrats, but instead a defeat for the momentum of econamic recovery. The US electorate was willing to give George Bush eight years to butcher the economy, but they are unwilling to give Obama four. You could say that we learned our lesson from Bush, and we never want to burned for that long again, or you can evoke the double standard.
I however choose to evoke fear; my fellow Americans are anxious and nervous, and it shows. I will like to remind us all of the sacrifice, patience and ternacity of the greatest generation, the civil rights movvement and the depression era Americans.
Only a patient and deliberate resolve built around sound policies will bring our economy back to its pre-eminent pre-Iraq war status. Obama and his economic advisers have such a plan. We Americans need to give Obama’s economic plans the time it needs to yeild results. This economy was wrecked in Eight years, and it will take about the same to right it. We cannot return a building under reconstruction to the wrecking ball and it’s operators.


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  • Buck Steiner profile image

    Buck Steiner 7 years ago from Steiner Ranch

    Huh? You really believe that this wasn't a message to Obama? Yes, Obama is there for two more years, then he will get the boot and replace Jimmy Carter as the most incompetent President ever!

  • Darlene Sabella profile image

    Darlene Sabella 7 years ago from Hello, my name is Toast and Jam, I live in the forest with my dog named Sam ...

    I have so much to say that would be shocking to you...I completely now fear Obama, I am a disabled senior and you have NO idea what he has taken away from us, I fear socializem, and I this man refused to put his hand on his heart during the Pledge Alligence to our Flag. The voters this time just was romananced by his charm, and it is NOT real...I hope to see you read my hubs, rate up, great debate...

  • OpinionDuck profile image

    OpinionDuck 7 years ago

    The bottom line is that the economy is not improving.

    Two years is not a quick fix. The stimulus package was a blessing for the bankrupt financial institutions but it didn't do much for the unemployment.

    If Obama had concentrated on the major problem of the economy and unemployment he would have had more time and resources to devote to its solution. Instead he took on a healthcare reform that only took his and his administration along with Congress on a wild goose chase.

    The people wanted their jobs back, and he didn't do that for them. As the person at the top, he must assume responsibility for that failure.

    The country and the economy were doing better under Bush, until the Fannie and Freddie democrat fiasco collapsed the economy.

    Both parties were responsible for not handling the energy crisis. Specifically gasoline prices that were over five dollars a gallon and still rising. It was only the collapse of the economy that stopped its continued increase, and actually drove it back down.

    The congress and the presidents for the last thirty something years have failed to address the oil crisis of the 1970s and this resulted in the price of oil not only exceeding one hundred and twenty dollars a barrel but also for our dependence on oil from hostile foreign countries. Oil is not only an economic factor it is also a national defense issue. Congress wouldn't even suspend the federal tax on oil for the three summer months in 2008. Prior to that they did nothing, and even now what are they doing. Oil is still a major problem and the only thing keeping the price down is that the oil is dead. As the economy rises so will the price of oil, and that increase in oil will drag down tie economic recovery.

    The Obama policies are just that policies, and policies that have not improved the country, especially the economy and jobs.

    Someone said, Insanity is doing the same thing over and over and expecting different results.

  • William F. Torpey profile image

    William F Torpey 7 years ago from South Valley Stream, N.Y.

    You've got it right, Rogochuks. President Obama has truly done wonders in bringing us out of the abyss dug by GW Bush. I only hope that Obama will speak out more forcefully in defense of his actions and stop trying to compromise with Republicans who don't want to compromise.

  • puebloman profile image

    puebloman 7 years ago from Andalucia, Spain

    Thanks for a great Article Rogo and welcome to the Hubs. Its great to see a Hubber with the confidence to publish comments that contradict his point of view. There are those who lack the nerve to do that.

    I happen to agree with you. The American electorate are suspicious of Presidents with a high intellect, of whatever party.

    However, it's perfectly true that Obama has another two years and that Reagan, from a similar mid term disaster in 1982, returned a historic victory in '84.

    Bill Clinton followed a similar pattern. In his memoirs, Clinton writes: "After the 1994 elections, I had been ridiculed as an irrelevant figure, destined for defeat in 1996." As it turned out, he cruised to victory. In each case, midterm defeats galvanised the president to sharpen up his act while the other side misread what had happened.

    I wrote a Hub that was a pretty comprehensive list of Obama's achievements before the mid terms, please visit it and feel free to comment or add to it.

    I'm sure we ain't seen nothing yet.

    I speak from the other side of the world where nobody - and I mean nobody wishes anything but good to Obama and his administration.

    Voted you up

  • profile image

    American Tiger 7 years ago

    Fascinating point of view, Rogo. It jives exactly with the current popular media spin. I might ask if we can examine the facts ~as apposed to listening to the spin~ and see if your view holds up under scrutiny. Fair enough?

    You're new here to the Hubs and I'm very glad you joined, so I'm not going to bury your comment section with arguments you don't want to have. So, let me know if you're open to examining the facts together.

    Thanks for the follow, I look forward to reading your stuff.

    One last point for Schneider: Why is it that when Democrats win elections, it's because of an obviously intelligent constituency, and when Conservatives win, it's stupid scare-di-cat voters, who were too dumb to understand what the democrats were telling them?

  • profile image

    Howard Schneider 7 years ago from Parsippany, New Jersey

    I agree with you Rogochuks. The Obama administration has put down the foundation for an economic turnaround and it has already started albeit very slowly. The Bush adminstration left him with an economy in freefall. His policies stopped that fall and our financial institutions were stabilized and now are strong. An economy that was crippled as badly as ours needs time to rebound. Its structure was hurt and rearranged too badly. The far right has been very successful in instilling fear on the citizenry and the Democrats have failed to communicate their policies and fight back. With unemployment still high, election defeats were inevitable. But the economy is improving and the tables will be turned in 2012. Great Hub and I applaud your understanding and voicing of what happened this past week.