A president presides over 5 plus straight years of economic expansion, record highs for Wall St. is able to successfully order the death of a major enemy, and have unemployment fall by almost one half. Would this indicate a good president?
Record high welfare numbers, extremely slow economic recovery, record high US debt, the failure and expense of Obamacare and high U6 numbers...that is why repubs did well last night.
Eh. I don't know how much of that is really attributable directly to a president, but it certainly would tend to put the lie to any arguments that he's destroying the country or any such nonsense.
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Not necessarily. I give very little credit to a president for our economic performance. He has very little influence over it. Frankly, it's a roulette wheel as to whether or not you'll be the guy presiding over the good economy or the bad one.
HOW DARE YOU POINT OUT OBVIOUS RACISM.
It could. It would indicate that it's not the worst president we've ever had.
"Obvious racism"? You do realize the Republicans just elected the first black senator in the South since Reconstruction and a female black Rep in Utah, right? Obama is simply an imperialist president that has a below 40% approval rating nationally.
On the surface it certainly sounds good. But under Obama we have had insanely low and slow economic growth coupled by an extreme increase in the national debt, plus much of the decrease in unemployment is due to people giving up hope of finding work,
and in terms of foreign policy, we've lost friends and allies, we've lost credibility world-wide but drawing a red line and then backing off, Russia, North Korea, and the Middle East are all causing havoc while we twiddle our thumbs, and to top it
all off, Obama gave us a back-breaking unbelievably bad health insurance law. This guy will not go down as a good president, nor does he deserve too.
By those measures yes. But most if that numbers have a back story. For example:
Unemployment is down because many have stop looking for work or have part-time jobs.
Economy is growing... But at what rate?
Maybe. Does he look just the same as most of us, with a name just like most of us? Do we see him as one of us? Because that makes all the difference in determining if he did it, or if we did it in spite of him.
Stock market has record numbers but median income is down. That only means that the rich are making money.
His ACA legislation had a negative effect on employment as well as how much the average American would spend on healthcare insurance, which increased for many, while losing choice. His attempt at more gun control is also a failed policy.
Not when economic growth has been slow, current GDP growth is 1.9% really bad. Job growth has come from part time and low paying jobs. We've created more low wage jobs then we lost in the last six years but haven't created enough jobs in the middle
Class or upper class to cover what we lost. Prices have continued to rise, poverty is constant, small business failure is astronomical, spending has not been touched only reason deficit has reduced has been because of revenues. But debt still
Increased by $7 trillion. Do not count bin laden's death as his success (or any president's) it was an intelligence operation and giving the go order doesn't constitute a success. We have many foreign crisis right now we aren't dealing with
Effectively, immigration is still a problem. Education is deteriorating, and healthcare is still a mess, all while social security is going bankrupt. Also a republican tidal wave in the midterm doesn't show a success for the president.
IDK how much of it was because of him. The economy was bound to be in a recovering state after 2008, so I think it would have happened regardless of who was in the whitehouse.
It's also important to remember that there is more to a presidency than presiding over economic recovery. There is foreign policy, for example, and honoring the privacy and rights of the citizens. How did the spymaster do in those areas?
That's just spin.
I think James Buchanan might forever hold that title...
It would vary based on the rate of that economic expansion, the condition of the economy and job market upon his inauguration, and the policies he enacted as president.
I mean people would say
Minimal economic expansions, Only one overseas success, and rights trampled upon.
No because he's black!
If it was all true, yes.
I'm okay with that never being contended. Let's keep the worst presidents in the past and work to have increasingly better ones in the future.
Every one of those points has a counter explanation. The market grew because the feds were printing money, low interest rate caused investor to go to the stock market. What are the rates in a savings account?
I guess it depends on who you blame for the economy tanking and unemployment rising. (And the manipulation of both thru QE, excessive spending and debt, and the "reported" unemployment numbers including those who have stopped looking for a job
It might if it were true
The question is why did it take 5+ years? The economy wants to do well naturally, even after a crash. The only two times it took this long or longer was when the government tried to spend it's way into prosperity.
Again Matt, your stretching the truth to fit your ideology
Diknak-I largely agree, but the fact there seems to be a large group that sees this president as a he demon from Kenya that's a socialistic muslim atheistic communist nazi doesn't help
Too bad the jobs that have come back are low paying low skill jobs for the most part. Too bad his record on foreign policy has SUCKED! Too bad economic recovery is inevitable after a crash anyways. Too bad talking points dont paint a whole picture.
Let's not forget he's been a DISASTER regarding foreign affairs in the Middle East, Asia, & Russia too.
He's a rock star!
I hope someday we get somebody with a little humility and that can create real change we can count on. We've had enough spin & finger pointing.
I'm not a huge Obama fan by any means, but this did actually happen. The reasons may be other than direct Obama decisions, but they still did happen.
Only if this wasn't accomplished without completely fudging the numbers, which Obama did.
It took the same with the last two hits if you're going off of the unemployment rate....
Also bc if Quantitative easing (QE) (see our national debt)
Yep. Like I say above, the economy wants to do well. When it crashes, it recovers.
maybe is the only correct answer. you need to know the history and policies surrounding those numbers to get a true picture
Just another distortion of the facts.
No I agree it wasn't Obama's fault, it was a mixture of the prior two administrations and the Congress between 2006-2008.
The nancy pelosi congress.
And while he inherited a problem, his policies have made things worse.
Only a complete fool would blame Obama for inheriting an economic crisis.