Economically, Could Obama Be America's Best President?
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Hmm is Obama one of the best Presidents for America economically speaking?
Interesting question indeed (also keeping in mind here Obama have two more years to totally destroy the economy or uplift us into a boomtime.)
I guess it really depends how you're going to look at the economy.
In terms of spending/debt one could argue he is the worst President as he has accumulated the most debt (even beating Bush's dismal record in half the time.)
In terms of jobs creation, meh, things were bumpy at first, but we have pulled ourselves out of the ditch we were in in the 2008 collapse, so Obama deserves fair credit for that, though the employment numbers have been pretty stale/sluggish, and it is a fact the government has been fudging the numbers during the campaign seasons. Nevertheless, I'd rate Obama as average on this facet given the fact he did in fairness inherit a mess from Bush.
In terms of Trade, our trade defecit is still huge, but then again it has been for my entire lifetime, and one could argue as #1 importer our purchasing power keeps America as the most powerful international trader. Obama has reforged our traditional European allainces and has greatly expanded our trade with Far East Asia. So I would rate Obama as pretty good on this facet.
In terms of the private economy, though there was the huge setback in 2008-2010 period, Obama did manage to save some of America's most iconic and necessary industries. He also provided fair loans for college students, and his efforts in refurbishing our vital infrastructure like the roads and power grid has been a success. So in this regard, if we keep in mind the 2008 collapse, President Obama has done well in this regard.
In terms of all around economics I'd say Obama is about average, about on the same level as Bush as I believe Bush would've done much the same during the crises (as indicated with Bush doing the first round of bailouts when the collapse first occured thus laying the groundwork for Obama.) Granting no major disasters I'd say Obama could do well economically in his last two years, but again we must always be cautious for Bush did well, except in gov't spending, until his last few months of office, so anything can happen really.
Interesting question indeed (also keeping in mind here Obama have two more years to totally destroy the economy or uplift us into a boomtime.)
I guess it really depends how you're going to look at the economy.
In terms of spending/debt one could argue he is the worst President as he has accumulated the most debt (even beating Bush's dismal record in half the time.)
In terms of jobs creation, meh, things were bumpy at first, but we have pulled ourselves out of the ditch we were in in the 2008 collapse, so Obama deserves fair credit for that, though the employment numbers have been pretty stale/sluggish, and it is a fact the government has been fudging the numbers during the campaign seasons. Nevertheless, I'd rate Obama as average on this facet given the fact he did in fairness inherit a mess from Bush.
In terms of Trade, our trade defecit is still huge, but then again it has been for my entire lifetime, and one could argue as #1 importer our purchasing power keeps America as the most powerful international trader. Obama has reforged our traditional European allainces and has greatly expanded our trade with Far East Asia. So I would rate Obama as pretty good on this facet.
In terms of the private economy, though there was the huge setback in 2008-2010 period, Obama did manage to save some of America's most iconic and necessary industries. He also provided fair loans for college students, and his efforts in refurbishing our vital infrastructure like the roads and power grid has been a success. So in this regard, if we keep in mind the 2008 collapse, President Obama has done well in this regard.
In terms of all around economics I'd say Obama is about average, about on the same level as Bush as I believe Bush would've done much the same during the crises (as indicated with Bush doing the first round of bailouts when the collapse first occured thus laying the groundwork for Obama.) Granting no major disasters I'd say Obama could do well economically in his last two years, but again we must always be cautious for Bush did well, except in gov't spending, until his last few months of office, so anything can happen really.
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the stock market used to be based on performance of business but since Obama it has changed to printing money and we are going to be destroyed by inflation, the more money you print the less the dollar is worth! the stock market is a fraud right now because of the printing of money AKA quantitative easing. WHEN THE PRINTING STOPS THE DOLLAR DROPS.
We have record unemployment...how is that better?
You do know it was proven that our president lied, manipulated and committed fraud when he stated the unemployment figures in his re-election had dropped when in fact, they did not. He knew it and lied all the same.
There is a difference between politics and fraud.
Obamacare is the biggest fraud perpetrated on this country in all of its history.
When there is a bill, written and passed and the president 100% lies on what is in it, the media falls in line and conservatives tell the absolute truth about this horrible bill....and then everyone is shocked when the bill clearly ends health coverage for hundreds of thousands pof people, raises the health care for EVERYONE else at decreasing benefits.....that is not a political lie.
Its fraud.
To even compare the two, is insane.
Lets not mention our Lybian ambassador who was sodomized and murdered.
Trillions in ''stimulus'' that did nothing.
11%, and that is a grossly conservative number, unemployment.
Obama did not save any industry...what a joke. He took them over.
The stock market is artificially inflated.
You do know it was proven that our president lied, manipulated and committed fraud when he stated the unemployment figures in his re-election had dropped when in fact, they did not. He knew it and lied all the same.
There is a difference between politics and fraud.
Obamacare is the biggest fraud perpetrated on this country in all of its history.
When there is a bill, written and passed and the president 100% lies on what is in it, the media falls in line and conservatives tell the absolute truth about this horrible bill....and then everyone is shocked when the bill clearly ends health coverage for hundreds of thousands pof people, raises the health care for EVERYONE else at decreasing benefits.....that is not a political lie.
Its fraud.
To even compare the two, is insane.
Lets not mention our Lybian ambassador who was sodomized and murdered.
Trillions in ''stimulus'' that did nothing.
11%, and that is a grossly conservative number, unemployment.
Obama did not save any industry...what a joke. He took them over.
The stock market is artificially inflated.
Ron Paul is an absolute nut job. Isolationist wacko and a friend to the democrat party since he submarined the real conservative republican candidates with scandal...look it up.
Mitt Romney was just another republican try to go to the middle which ALWAYS loses them elections. The only reason why the two Bush's were elected because they lied about being conservative.
and please, Romney was head and tails different from Obama. Radically different. If he was a protestant instead of a mormon he would have won
Mitt Romney was just another republican try to go to the middle which ALWAYS loses them elections. The only reason why the two Bush's were elected because they lied about being conservative.
and please, Romney was head and tails different from Obama. Radically different. If he was a protestant instead of a mormon he would have won
No way, the GOP very dishonorably smeared Ron Paul with bullcrap slander and even arrested his delegates and barred them from convention! That's just draconian and un-American beyond belief. I promise you that Mitt lost a good 3-5% points just from that display of disgrace right there.
Mitt was no different than Obama. I watched every debate of the primaries, I looked up all his background. Mitt's lil Romneycare crap is the basis for Obamacare for crying out loud! Mitt talked about doing everything the same as Obama, spying on the People, Mitt supported publicly NDAA and NDRP, Mitt supported making all these damn wars across all earth, absolutely no plan at all the staunch the massive spending, Mitt's immigration idea was abhorrent, crooked business ties, severe corruption, etc.
I guess it could be argued Mitt was worse than Obama. At least Obama didn't eat his own kind like Mitt did to each and every single GOP Primary candidate putting out slanderous smear attacks against all of them, not just the honorable Ron Paul. Mitt Romney ain't no conservative and he ain't no moderate, dude is arguably more liberal than Obama, he's simply a corporatist liberal, only difference.
I knew 1 full year before the elections Obama would win simply because the GOP Party has lost its marbles and was going to support Mitt as indicated by all their propaganda, and their shills supporting the worst candidate in the 2012 pack. GOP's only chance of winning in 2012 was Ron Paul or John Huntsman, and the GOP blew their chance. Not only did they skip the chance but the ate their own kind and pretty much left a bitter taste in the mouth of any reasonable swing voter and my generation's voters for decades to come on the GOP. I even knew staunch liberals who were prepared to vote Ron Paul over Obama, but alas the GOP wanted to make Obama president again by nominating the candidate most like him.
I tell you right now unless the GOP nominates Rand Paul in 2016, or at the minimum treats him with more respect than the dishonorable way they treated his father, then the GOP will continue to lose General Elections for the next decade, maybe even be completely finished as a Party all together. So vote carefully in 2016, because even if Hillary runs (and she will win if she runs), how the GOP acts this time around determines the Party's fate. If we have another disgraceful display from the GOP like we did in 2012, you can consider that Party kaput cause no one from my generation and no sane moderate will vote for them for a long long time.
And Mitt's pagan religion ain't what lost him votes, people would've voted Huntsman cause at least Huntsman have a brain and a good political approach. No one trust Mitt. The only reason Mitt even got near as much votes as he got is cause everyone was upset with Obama. Had this not been an incumbent election Mitt would've been burried 10+% (Just look how McCain, one of the politicians with a record so dark it make you jump out your seat buried Mitt.)
Mitt was no different than Obama. I watched every debate of the primaries, I looked up all his background. Mitt's lil Romneycare crap is the basis for Obamacare for crying out loud! Mitt talked about doing everything the same as Obama, spying on the People, Mitt supported publicly NDAA and NDRP, Mitt supported making all these damn wars across all earth, absolutely no plan at all the staunch the massive spending, Mitt's immigration idea was abhorrent, crooked business ties, severe corruption, etc.
I guess it could be argued Mitt was worse than Obama. At least Obama didn't eat his own kind like Mitt did to each and every single GOP Primary candidate putting out slanderous smear attacks against all of them, not just the honorable Ron Paul. Mitt Romney ain't no conservative and he ain't no moderate, dude is arguably more liberal than Obama, he's simply a corporatist liberal, only difference.
I knew 1 full year before the elections Obama would win simply because the GOP Party has lost its marbles and was going to support Mitt as indicated by all their propaganda, and their shills supporting the worst candidate in the 2012 pack. GOP's only chance of winning in 2012 was Ron Paul or John Huntsman, and the GOP blew their chance. Not only did they skip the chance but the ate their own kind and pretty much left a bitter taste in the mouth of any reasonable swing voter and my generation's voters for decades to come on the GOP. I even knew staunch liberals who were prepared to vote Ron Paul over Obama, but alas the GOP wanted to make Obama president again by nominating the candidate most like him.
I tell you right now unless the GOP nominates Rand Paul in 2016, or at the minimum treats him with more respect than the dishonorable way they treated his father, then the GOP will continue to lose General Elections for the next decade, maybe even be completely finished as a Party all together. So vote carefully in 2016, because even if Hillary runs (and she will win if she runs), how the GOP acts this time around determines the Party's fate. If we have another disgraceful display from the GOP like we did in 2012, you can consider that Party kaput cause no one from my generation and no sane moderate will vote for them for a long long time.
And Mitt's pagan religion ain't what lost him votes, people would've voted Huntsman cause at least Huntsman have a brain and a good political approach. No one trust Mitt. The only reason Mitt even got near as much votes as he got is cause everyone was upset with Obama. Had this not been an incumbent election Mitt would've been burried 10+% (Just look how McCain, one of the politicians with a record so dark it make you jump out your seat buried Mitt.)
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I beg to differ speaking from a non slated position outside the store where nutty buddies are on sale oops my bad I thought this was the cream store! lol seriously it is an interesting point but not even close to Clintons economy. In two years I'll let you know how I really feel the story is still being written!
Lol take it seriously, who held the record for spending the coutnry into a ditch before Obama? Who lied to the American public and the whole world to go fight in Iraq? Who funded Pakistan for years calling them "allies" despite public knowledge that the ISI had flown out several top Al-Qaida and Taliban leaders and all evidence pointed to the fact they were hiding Osama? NDAA, NDRP, "Patriot" Act, etc.? Who let Wall Street run amok in the 2000s? Who was President in the collapse of 2008?
I forgave Bush now that he's a quietly retired and is a painter (and his paintings ain't half bad!) However, let's not kid ourselves here, Bush was a pretty terribad President and almost all of the woeful policy Obama has continued have its origin with Bush. So for one to blame Obama and not Bush, is quite dishonest. There's a reason why when my generation got to vote the first time in 2008 they overwhelmingly voted Democrat. And it ain't cause they loved Obama, for no one knew the man when he became candidate. It's cause the Bush years were terrible.
Heh so the GOP have a chance in 2016 if Hillary doesn't run, but if ya'll keep nominating shills and disgracing the Party by smearing and forsaking the actual good members of the GOP, you can expect to lose quite a few more elections to the Dems.
I forgave Bush now that he's a quietly retired and is a painter (and his paintings ain't half bad!) However, let's not kid ourselves here, Bush was a pretty terribad President and almost all of the woeful policy Obama has continued have its origin with Bush. So for one to blame Obama and not Bush, is quite dishonest. There's a reason why when my generation got to vote the first time in 2008 they overwhelmingly voted Democrat. And it ain't cause they loved Obama, for no one knew the man when he became candidate. It's cause the Bush years were terrible.
Heh so the GOP have a chance in 2016 if Hillary doesn't run, but if ya'll keep nominating shills and disgracing the Party by smearing and forsaking the actual good members of the GOP, you can expect to lose quite a few more elections to the Dems.
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Unemployment sky rocketed to 10%+ within months of being sworn in.
He had two wars to deal with.
He had a global financial crisis.
If the unemployment level is near 5% when he leaves office, and if he has the yearly deficit down to around $300 billion, down from $1 trillion when he took office, his presidency may be viewed as a success. But that is counter balanced by the debt that is going to be near $19 trillion when he leaves. So it's basically a recovery founded on debt.
If he had gotten our deficit/debt under control, he would surely go down in the books as a fiscally good president. He still may though. With inflation, $19 trillion may not be as big a number as we think. I remember the days when $1 trillion in debt was a HUGE number. Now days we'd kill to ONLY be in debt that much.
He had two wars to deal with.
He had a global financial crisis.
If the unemployment level is near 5% when he leaves office, and if he has the yearly deficit down to around $300 billion, down from $1 trillion when he took office, his presidency may be viewed as a success. But that is counter balanced by the debt that is going to be near $19 trillion when he leaves. So it's basically a recovery founded on debt.
If he had gotten our deficit/debt under control, he would surely go down in the books as a fiscally good president. He still may though. With inflation, $19 trillion may not be as big a number as we think. I remember the days when $1 trillion in debt was a HUGE number. Now days we'd kill to ONLY be in debt that much.
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We all lived through this mess. But history tends to look back and look at the big picture.
He started his presidency as I stated with..
2 wars
Global financial crises
10% unemployment within months that can't be attributed to him.
GM/Housing/Lending crashing
Dow Jones below 9000
He'll leave with....
5%ish unemployment
Two major wars ended, and troops at home.
Deficit down to $500 billion a year from $1+ trillion a year
GM/Housing/Lending growing
Dow Jones over 15,000
In the history books, considering the huge fiscal mess he was handed, those numbers look a lot better.
Morally bankrupt presidency, but in the books, by the numbers, things may not look that bad, if you just consider the numbers.
TARP may even look like a good temporary strong hand move by the administration.
He started his presidency as I stated with..
2 wars
Global financial crises
10% unemployment within months that can't be attributed to him.
GM/Housing/Lending crashing
Dow Jones below 9000
He'll leave with....
5%ish unemployment
Two major wars ended, and troops at home.
Deficit down to $500 billion a year from $1+ trillion a year
GM/Housing/Lending growing
Dow Jones over 15,000
In the history books, considering the huge fiscal mess he was handed, those numbers look a lot better.
Morally bankrupt presidency, but in the books, by the numbers, things may not look that bad, if you just consider the numbers.
TARP may even look like a good temporary strong hand move by the administration.
@Still_waters I agree with these comments very much so. Your assessment is very fair.
As for TARP, again, Bush started the first TARP. Though personally I perceive this as actually a good tally mark in favor of both Bush and Obama. It does feel salty to hand the corporations a reward for destroying the Western Economy, but it had to be done or else we'd be in some real crap right now.
As for TARP, again, Bush started the first TARP. Though personally I perceive this as actually a good tally mark in favor of both Bush and Obama. It does feel salty to hand the corporations a reward for destroying the Western Economy, but it had to be done or else we'd be in some real crap right now.