Casting Obama as ineffective steward of the economy is empty

by YankeeJim | January 7, 2012 at 07:07 am

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President Obama -- an effective turnaround

He inherited a depression, and what did President Obama do with it?

1. Infused the economy with money wherever he could stabilizing the market, auto industry, and public infrastructure employment.

2. Drew down and closed out war in Iraq with continuing steps to do the same in Afghanistan.

3. Effectively killed al Qaeda’s senior leadership and is now bringing Taliban into peace negotiations.

4. Introduced affordable healthcare for all Americans through legislation that is awaiting Supreme Court validation or guidance.

He did that with continuous obstruction from uncooperative Republicans in Congress who sought to undermine his administration.

At the end of the term, going into 2012, Americans will realize that most are better off now than they were at the end of the last administration. Republican deficiencies and hostility will stand out like sore thumbs. America will likely give the President a mandate that he can use in a second term to engage a more humble Congress to tend to renew the American economy.

Needed:

1. Sustainable economic model

2. Renewing manufacturing America

3. Aggressive transformation of the American energy industry

4. Greening of America with focus on clean air and water

5. Increasing world peace through more effective and affordable foreign policy

6. Affordable healthcare for all Americans

7. A better prospect for a good life for all.

“Obama’s Re-Election Odds May Rise with Jobs

Q

By Mike Dorning - Jan 7, 2012 12:00 AM ET

President Barack Obama called yesterday’s jobs report a sign the U.S. economy is on the rebound. His prospects for re-election may depend on it.

The drop in the unemployment rate (USURTOT) in December to 8.5 percent, a three-year low, showed the job market gaining momentum heading into a presidential election campaign that will be shaped by the state of the economy.

The Labor Department figures cap four months of declines in the unemployment rate and six consecutive months of jobs gains of 100,000 or more. Employers expanded payrolls by 200,000 in December, exceeding a median estimate of 155,000 in a Bloomberg News survey. For all of 2011, 1.64 million positions were created, the most since 2006, after a 940,000 increase in 2010.

“This can make a difference for Obama if it persists into the spring,” said Frank Newport, editor-in-chief of the Gallup Poll in Princeton, New Jersey. “It’s the sense of direction in the economy that matters more than the numbers.”

After the longest period of unemployment above 8 percent since the Great Depression, the economy is the focal point of the 2012 campaign, with voters consistently telling pollsters it is the top issue for them.

Former Massachusetts Governor Mitt Romney and other Republican candidates have cast Obama as an ineffective steward of the economy and his policies, such as the 2009 stimulus, as failures. Obama has pointed to progress on jobs and the challenge of confronting the worst recession in seven decades, while arguing that Republicans would return to the policies of President George W. Bush that preceded the 2008 collapse of financial markets.”