Out Of All Obama’s Failures, This Was Arguably One Of The Worst

Obama entered the White House at a time when the economy was in ruins.

The 2008 recession left many without jobs or struggling, and with Obama’s campaign promises to lower unemployment below 8% and stimulate the economy, many progressive voters left their fate in his hands.

Arguably, the economy is Obama’s biggest defeat.

Breitbart News reports:

The gap between the economy’s overall health and Americans’ lingering anxieties cuts to the heart of Obama’s legacy. The president and his team took historic actions to pull the economy back from the brink. But those very steps failed to help swaths of America and turned many people against his policies, setting the stage for Trump’s nationalist platform.

Not only did ObamaCare challenge median households with its high premiums or high penalty, but as paychecks were frequently outpaced by all other expenses — housing, college, prescription drugs, and more — expectations from Americans were found just out of reach.

Struggling rural class workers with a degree were still looking hard for jobs, but eventually gave up after unemployment and other benefits were doled out by the government.

Breitbart News reports:

The costs of housing, college and prescription drugs kept outpacing paychecks. Job options had been dwindling for workers with only high school diplomas even before Obama took office, but the downturn and slow recovery magnified the pain of that trend. Many people gave up looking for work. Struggling rural towns never enjoyed the uplift that benefited major cities.

The problems generated from Obama’s initial Recovery Act, signed only a month after he had taken office in 2009.

Breitbart News reports:

Then there was the Recovery Act, known as the “stimulus,” enacted less than a month after Obama took the oath of office in 2009. Administration estimates initially suggested that the $836 billion stimulus — a mix of tax cuts, public investments and direct aid — would prevent unemployment from rising above 8 percent.

 

Those projections were faulty, based on economic figures that were later downgraded. The 8 percent unemployment projection ultimately became a political albatross as the rate peaked at 10 percent that October — proof to some Republicans that the stimulus had failed.

All this disarray led to the call for radical change in Washington. Donald Trump focused much of his campaign on fighting for Middle America and rural America, and restoring jobs and hope to blue collar workers.

While some aspects of the economy did improve since the recession, ultimately Obama’s legacy will end with the triumph of Trump.

Breitbart News reports:

The Republican businessman barnstormed through rural white America, talking at a gut level to supporters whose communities felt left behind by the recovery. He promises to return manufacturing and mining jobs that most economists believe are long lost.

 

Trump challenged the accuracy of the unemployment rate, since many Americans gave up searching for jobs and were no longer counted as unemployed. He has promised major spending on infrastructure and tax cuts. He says he plans to eliminate regulations and repeal and replace Obama’s health care law.

 

“Trump’s victory is very harmful to his legacy — Obama understood that,” said Stephen Moore, a fellow at the conservative Heritage Foundation who advised the Trump campaign. “It’s why he campaigned so hard for Hillary Clinton.”

What are your thoughts? Do you believe Obama helped the economy at all?

Leave us your thoughts in the comment section below.

  • David Stewart

    How can one choose the biggest failure; EVERYTHING he did was a failure! At the least, you would think his golf game would have improved.

    • minowe

      Are we absolutely certain that his golf game didn’t improve? He’s not all that transparent and might have found some reason not to reveal how much his game has improved. Or maybe he was saving his lies for bigger things, like ObamaCare and the Iran not-treaty, which will protect Israel for, oh, maybe 10 years?

  • Countrysunrise

    Everything Obama said to get elected was a lie!! All he wanted to do was get on the “inside” so he could start destroying America, and all she stood for. He did a pretty good job of it, considering we’re now the laughingstock of the world, and our Country has the weakest Armed Services in the World. Our Economy is right behind. All that he was pushing on the people was loose morals, after he got gay marriage passed, as well as allowing gays in the military!! After that it was “anything goes,” and the public was showing what shouldn’t be seen in public on their phones and on line, as well as on the street!! There’s a new sheriff in town, to clean up this town and not a moment too soon!!

    • minowe

      What he said to get elected was only half a lie. We DID get plenty of change, even if it’s not exactly the “change” we were hoping for (no pun intended).