One Year Later: Has Obama Lived Up to the Promise?

Pundits say the jury is still out on progress

Calvin Mackenzie, chair of Colby College’s government department, says the economy will play a major role when Americans return to the polls next November.

“If there are positive signs that the market is up, the economy is growing again and unemployment doesn’t exceed ten percent, Democrats will be in good shape if they can sell what they have rather than what they inherited,” he says.

The Economic Dilemma

When talking about the economy, Obama almost always reminds his audience that he inherited the current economy from his predecessor, but Berman warns that argument has begun to wear thin.

“He can’t blame Bush anymore He owns it now and he won’t be able to avoid the consequences of that in 2010,” Berman says.

According to an October Pew Research Survey, 31% of Americans believe Obama’s economic policies have made things better; 20% believe they’ve made things worse; and 46% say there’s been no effect so far. Opinion on his stimulus plan is evenly split, at 44%, down 11% for those who favored the stimulus plan in June.

Michael Tanner, a senior fellow at the libertarian Cato Institute, says it’s too soon to judge Obama’s performance in improving the economy, and to do so is unfair.

“I think those policies will create a great many problems in the future, like inflation,” he adds. “They’ve thrown so much money into the economy that when it does pick up there will be enormous inflationary pressure and the debt piled on will be very difficult to deal with. Obama would argue that he’s set a stronger foundation for the future.”

Check out our poll on the historic meaning of President Barack Obama’s election. Give your opinion here.

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  • http://www.PeggyDuncan.com Peggy Duncan

    We now have a thinking president, and to get us out of this mess, he has to dig through decades of wrongdoing and short-term, I got mine-you get yours thinking. I’m sick of reading articles with these type of headlines and question marks. Just imagine where we’d be by now if the Rethugs and now Dems worked together and truly put country first.

    Give him time. Support him all the way. He’s just one man who took on one hellava fight. I got his back and hope you do too.

  • Faith T.

    He definitely has courage and leadership abiliites; plus a virtuos wife beside him.I pray for him and hope you are too.If it takes God, prayer, and time to heal a marriage and one household, imagine the time it takes to heal a nation. The bible says: “If my people which are called by my name would humble themselves & pray & turn from their wicked ways, and seek my face,then will I hear from heaven and I will heal their land”! He’s doing his job, the nation has to do theirs.