Is America better or worse economically after and during Obama?

  1. JRScarbrough profile image88
    JRScarbroughposted 4 years ago

    Is America better or worse economically after and during Obama?

    How are you doing financially? Is money tighter or have you had more opportunities for better jobs and pay?

    What do you think about the state of America?

  2. adagio4639 profile image83
    adagio4639posted 4 years ago

    For some people it's been pretty damn good. When Obama came into office the Dow Jones had already fallen to around 6400 and a lot of people lost a lot of money. Today it's at 16,400. So some people are making a ton of money. Apparently, as far as business and Wall Street is concerned, the Obama Administration has been pretty good for them. The unemployment numbers were climbing to 10% and 800,000 jobs a month were being lost. Today the unemployment figure is at 7%.

    Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
    ◦7.4 million MORE jobs in total
    ◦8.1 million MORE private sector jobs
    ◦6.4 million MORE people working*

    Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:
    ◦3.1 million MORE jobs in total
    ◦3.9 million MORE private sector jobs
    ◦2.2 million MORE people working*

    If Congress passed a jobs bill, things would certainly be better, however that might make Obama look good, and that's not something that the Republicans want to allow. One of the most appalling things I've seen is that the Government shutdown cost the taxpayers $23 Billion. We aren't getting that back. And now the Republicans have no interest in extending unemployment benefits to those still trying to find jobs. That would cost about $24Billion. Extending unemployment benefits is not on the Republican agenda for this session, so those people will have no way of paying their mortgages or rent or car payments, or paying for heat or even gas to get to a job if they found one. Unemployment benefits are paid through the FICA tax that we all pay into. These people have paid into it all their working lives. Now, they're screwed. Meanwhile Congress gets Six figure salary's for doing absolutely nothing. Pretty nice gig.

  3. LandmarkWealth profile image78
    LandmarkWealthposted 4 years ago

    The question is relative.  Where we are VS where we should be.  The economy is improving, but at an anemic pace.  By anemic that means the labor market.  Looking at stock prices doesn't tell us much.  The market has been influenced more by the Fed's monetary policy in recent years than anything else.  At the same time the stock market hit dramatically oversold levels in 2008 even for the crisis at that time. It is not unusual for markets to over react both up an down.

    In terms of the labor market, U6 unemployment is still well into the double digits.  About 70% of new jobs created recently have been part time and low income.  Amazingly the BLS counts the same person working 3 part time jobs as three new jobs.  More importantly, the labor force participation rate is the smallest we have seen sine the late 1970's.  We simply stopped counting an enormous number of people who have completely left the labor force.  Some of that is attributable to baby boomers retiring.  But not enough, as those jobs are not being replaced, and employers are not hiring aggressively.

    The good news is that even though the ACA legislation has been a huge detriment to employers looking to hire, there hasn't been much legislation of any significance passed since then.  Since 2010's mid term elections, we have seen political gridlock.  And in the long run gridlock is actually a good thing.  The less Washington does, the better off the economy will be.  Since those mid term elections the huge spike in Federal Spending has slowed and deficits have begun to reign back in.  The sequester turned out to be the biggest deficit reduction act seen in decades.  If we continue to see the status quo...and Washington doesn't tinker with the can begin to forecast capital expenditures better and things will get a lot better.  Some new legislation around incentives for capital investment would be nice.  But considering the incompetence we've seen out of the Obama administration...I'd prefer to see them continue to pass nothing...rather than get it wrong again and try another piece of legislation that gets in the way.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)