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I know it's hard looking back to see the good that was done, it certainly was for me at first glance. But if you remember Obama took over a severely damaged ec
by gph 10y ago
I know it's hard looking back to see the good that was done, it certainly was for me at first glance.
But if you remember Obama took over a severely damaged economy, one that many people at the time thought was on the verge of collapsing. There's nothing flashy about stabilizing an economy, there's no single policy or action he took that you could really point and say "that saved the economy". But he took a lot of actions, including controversial ones like bailing out the auto industry, which in hindsight may be part of the reason we didn't fall into another depression.
I think when we look back at Obama a lot of people feel like he didn't do much since at the end of his term we'd basically returned to the same status quo (tho it should be noted that the status quo is a lot more beneficial for some than others). The only real lasting difference we can point to is Obamacare, and obviously that doesn't look great. But when you look at what he might have potentially saved us from, you have to give him some credit in those first two years. Certainly the republicans are going to dismantle the Frank-Dodd legislature, but they did that in his first 2 years as a response to the banking crisis in order to stop it from happening again.
Just something to think about.