President Obama Is Finally Beginning To Get Credit For The Nation’s Economic Turnaround

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It has been frustrating for supporters of President Obama, but it looks like the American people are beginning to give the president credit for the nation’s economic recovery.

The most recent polls from CNN and Gallup reveal that the American people are rewarding the president with higher job approval ratings. However, Republican bias against Obama continues to hold his job approval ratings down.

In a 2011 paper, political scientists Peter Enns and Gregory McAvoy found that partisan bias delays public perception of economy, “The total effects of partisanship appear to reduce the overall response of the public to changes in economic conditions. Even for economic evaluations, partisan attachments can overwhelm motivations for accuracy. This result may hold significant economic implications. When partisan bias is high, as during the George W. Bush presidency, aggregate economic evaluations appear less responsive to the objective economy.”

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Partisan bias is the reason why 40% of Republicans in the latest CNN poll rated the current state of the economy as poor. The extreme degree of partisan bias in the country is also why President Obama is unlikely to get full credit for the economic improvements that have occurred during his time in office. The good news is that polling reveals that the public is starting to catch on.

The CNN poll showed Obama’s approval rating hitting a 20 month high, while a recent Gallup poll revealed that President Obama is polling ahead of where George W. Bush was at the end of his sixth year in office. Obama is likely to see his approval ratings continue to grow as long as the economy blossoms. A president’s approval numbers tend to move in line with major economic shifts. George W. Bush was already on the downswing thanks to a stagnant economy and an unpopular war. Barack Obama is on the upswing.

The president may finally get some of the credit that he fully deserves over the next two years. Without elections, a divided Congress, or an economic crisis to get in his way, President Obama finally has a free hand to guide the country.

A good economy would also change the shape of the 2016 election, and could perfectly set the table for likely Democratic nominee Hillary Clinton to campaign on the need for the country to stay on the right path and turn this economic growth into a Bill Clinton style economic boom. Republicans may find themselves with precious little to campaign on in 2016 if the economy continues to surge.

Instead of a lame duck, President Obama could be resurgent political force as his time in office enters its final phase.

47 Replies to “President Obama Is Finally Beginning To Get Credit For The Nation’s Economic Turnaround”

  1. Finally! The average American is getting a break, with lower gas prices. And the timing couldn’t be better, winter heating bills can be high for low income residents that reside in old, drafty homes!
    This just means the right are worried. God news for the President and we the people is bad news for them.

  2. Love the lower gas prices, but the reason is because of Saudi Arabia putting the squeeze on Iran. I’ll take it.

  3. As I watch our President now, he shows a confidence and peace of mind when speaking and walking. He’s completed his agenda he laid out in his first two years with historical RW obstruction. Now, he has to hold the line from the RW trying to erode all his accomplishments…….they will try to underfund and undercut the very things he cares about the most.

  4. I recently had a conversation with a RWNJ who said that the passage, and Obama’s signing, of Dodd-Frank was the cause of the Great Recession. When I told her that Dodd-Frank was signed into law in July of 2009, a year and a half after we were declared in recession, she insisted I was wrong. You can’t deal with people who can’t face reality. They will never give Obama any credit.

  5. Many Republicans reside in the United States but are unAmerican. They are anti woman, anti immigrant, anti choice, anti equality, anti religious freedom, anti education, but they are pro gun, pro white supremecy, pro Christianity(1 religion), pro male domination.

    You know what, without women, there would be nothing.

  6. That is not the only reason, it is a small part of it, but more drilling and a slowdown in demand from China and others is a much larger reason for the lowering of prices. I know you’re not a teabagger, but that is the line they are using to avoid giving President Obama’s policies any credit for the turnaround.

  7. So, the American people have finally come to their senses about the good this president has done and is doing. Well, I say it’s too late because they just handed the keys to the castle over to liars, crooks, theives and those who are more than capable of inhumanity to man. In 2016, those very same liars, crooks and theives will steal the White House…

  8. So happy things are beginning to improve, but this is IN SPITE OF the Republicans’ stated intention of refusing any credit to Obama for anything ! Just how much better and faster would things have turned around had we actually passed the jobs bills ! The Republicans have shown themselves for their real character – NONE – all liars, cheats, disgusting racists and spiteful small-minded haterrs ! Not worth the planetary space they are taking up !!

  9. While it is too late to avoid all that the next two years brings, I’m hoping it may not be too late overall. The more Obama fights openly for the American people while loudly decrying the obstruction of the right, along with their clear disdain for the American people, the more his approval numbers soar.

    His current actions and attitude are energizing the base in a way I haven’t seen since his election. People have said we lost the midterms because Dems distanced themselves from Obama and the good he’s done. Not only do I now agree*, but I firmly believe that if he keeps this up, and the Dems fight alongside him, we’ll have record voter turn-out in ’16.

    * (not discounting the roles gerrymandering, voter intimidation, and voter fraud played….but our turnout was abysmal)

  10. EIA IN Energy :KEYSTONE PIPELINE ,
    Eastern Pipeline
    9 of 14

    LNG export study
    EIA’s report, Effect of Increased Levels of Natural Gas Exports on U.S. Energy Markets, represents the results of modeling runs using EIA’s National Energy Modeling System (NEMS) according to a series of scenarios that were specified by the U.S. Department of Energy’s Office of Fossil Energy. The Office of Fossil Energy has the responsibility to review applications from entities that want to export natural gas from the United States. The Office of Fossil Energy requested this study as one input to their assessment of the potential impact of approving current and possible future applications to export domestically produced natural gas.
    More exports than ever.USA is becoming “energy independent”,with extra energy as solar, wind, hydro, so why are we exporting to foreign counties?
    For the same reasons, Weapons Manufacturers sell weapons to our not so friendly foreign countries, GREED!!

  11. ARE YOU LISTENING???
    2016, is the turning point, if you want the republicans, extreme right republicans, religious right republicans the Boehner republicans the US Supreme Court Republicans to take over our country…
    GET OUT AND VOTE..thats why they won in November, everything was going so well $$$ we just forgot what was done to the country in 2001..lets not repeat it again, President had to fight for every inch for the American people to bring us this far in the USA. Don’t let him or yourself down..start the progress Get Out The Vote, show the Supreme Court THEY can’t take away your voting rights.Corporations ARE NOT people.
    Don’t let them take back everything that has been gained.
    And MOST OF ALL, BRING OUR TROOPS HOME NOW>! NO MORE WAR FOR OIL!!!!

    Happy New Year to all of us,

  12. ‘Some’ in a headline usually indicates lazy facts and poor editing. I seldom read any article that can’t get facts, not ‘maybes,’ in the headline.
    Sloppy and deceitful.

    Whoever writes these headers needs to tighten up or admit they can’t do the job.

  13. 64% out of less than the 37% total who came out to vote.

    Also, while Republicans did win, progressive policies also won big time. Every minimum wage increase, put on the ballot, won nationwide. An abortion restriction was rejected, D.C. legalized pot.

    What this shows is that the American people hold more liberal opinions than we have been led to believe. But for whatever reason, they don’t think the Democratic party is responding to their needs. And for some reason, they don’t know that their own opinions match what the Democratic party is trying to do.

  14. Does the president deserve credit for the amazing gas prices? I didn’t think that Bush deserved credit for the low gas price (during economic crash) or Obama blame for the high prices. I actually don’t know why gas is low now?

  15. I have been thinking lately that right wing conservatives are actually concerned with Obama’s future reputation. Independent of anything that has been enacted or even who gets elected next, they do not want history to look back on Obama as a successful president. I think they have been and will make every attempt to make sure that the history of our 1st black president is distorted and remembered inaccurately.

  16. The Trans-Pacific Partnership Could Be the Worst Thing Obama Ever Does

    These trade deals are constantly touted by their promoters as something that will ultimately help the working and middle class in the U.S., if we are willing to sacrifice a bit up front. These are lies. Harold Meyerson on the impact:

    By now, even the most ossified right-wing economists concede that globalization has played a major role in the loss of American manufacturing jobs and, more broadly, the stagnation of U.S. wages and incomes. Former Federal Reserve vice chairman Alan Blinder has calculated that 22 percent to 29 percent of all U.S. jobs could potentially be offshored. That’s a lot of jobs: 25 percent would translate to 36 million workers whose wages are in competition with those in largely lower-income nations. Of the 11 nations with which the United States is negotiating the TPP, nine have wage levels significantly lower than ours.
    http://www.washingtonpost.com/opinions/harold-meyerson-free-trade-and-the-loss-of-us-jobs/2014/01/14/894f5750-7d59-11e3-93c1-0e888170b723_story.html

  17. Honestly, DJ, first READ it in its current form, albeit the bill is dead with the end of this Congress. It is S.1900, and it does expand labor rights, environmental rights, and focuses on exports, especially improving car sales to Japan which we have never done before.

    I keep reading articles that have no specific content based on that legislative affirmation of a three-year negotiation. Whatever TPP was at the start, it is not at the finish. And I’ve seen very little interest in it from the White House or Congress. Harry Reid stopped the fast track nature, and you got nothing in pushback from PBO.

    I’ve NOT finished reading it, and I want to see if anything else if proffered by this Congress (GOP don’t like it as much as the original by a long shot – it is NOT a giveaway to corporations.) But they can’t change it – it’s a treaty, and how it was ratified by negotiators limits almost entirely what can be proffered by Congress. So let’s READ it before we make assumpt…

  18. * 2008: “Americans need to suck it up and pay more for energy” – Barack Hussein Obama
    * “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” (Obama’s Dept. of Energy Sec. Steve Chu, September 2008)
    * Obama: “under my plan energy prices would necessarily skyrocket”
    * Energy Secretary Chu Admits Administration OK with High Gas Prices
    “President Barack Obama’s Secretary of Energy Stephen Chu uttered the kind of Washington gaffe that consists of telling the truth when inconvenient. According to Politico, Chu admitted to a House committee that the administration is not interested in lowering gas prices…”
    * Networks Hype Gas Prices 4 Times More for Bush, Than Obama
    “…The Business and Media Institute analyzed broadcast network news references to gas or fuel prices between Jan. 20 and Feb. 20, 2012 and from March 24 and April 24, 2008. BMI found that in the 2008 period there were more than 4X’s as many gas prices stories, news briefs o…

  19. Obama vs. Reagan: A tale of two recoveries
    “The Reagan recovery had one of the fastest rates of growth we ever saw,” said Barry Bosworth, an economist at the Brookings Institution. “If anything it was too strong. It was spectacular.” (CNN)

  20. Obama Outperforms Reagan On Jobs, Growth And Investing
    http://www.forbes.com/sites/adamhartung/2014/09/05/obama-outperforms-reagan-on-jobs-growth-and-investing/

    Obama Is More Fiscally Conservative Than Reagan
    http://www.businessinsider.com/obama-vs-reagan-deficits-2014-3

    REAGAN RAISED INCOME TAXES 11 TIMES, OBAMA NEVER
    http://www.npr.org/2011/02/04/133489113/Reagan-Legacy-Clouds-Tax-Record

    AMNESTY FOR ILLEGALS:
    REAGAN:

    I believe in the idea of amnesty for those who have put down roots and lived here even though sometime back they may have entered illegally.
    -Ronald Reagan 10/28/1984

    OBAMA:
    No matter how decent they are, no matter their reasons, the 11 million who broke these law should be held accountable.
    -Barack Obama July 2010

    But don’t let your fiction get in the way of facts

  21. …. No one here, though, seems to remember anything about sequestration. Months after Boehner cut government funding Paul Krugman was touting how the deficit was dropping “like a stone” and the economy was improving, which was the “exact opposite” of what Obama had predicted.

    “As I said in my State of the Union address last week, our top priority must be to do everything we can to grow the economy… And that’s why it’s so troubling that just 10 days from now, Congress [Boehner] might allow a series of automatic, severe budget cuts to take place that will do the EXACT OPPOSITE. It won’t help the economy, won’t create jobs, will visit hardship on a whole lot of people.”
    — Obama 2/19/13 11:59 EST

    Have a look. I just love YouTube.

    https://www.youtube.com/watch?v=_jo3h-BSgJ0
    .

  22. Is it your opinion that sequestration and the pain it has and is causing familys(not including the wealthy) is the cause of the deficit that has dropped, and was dropping before the sequestration?

  23. States with a gas tax implimented will receive more revenue from more gas being sold. The tax don’t decrease.

  24. What part of more fuel efficient cars you don’t understand? But that’s not the point. For years all we heard from the baggers no new taxes and instead of taxing the people who have gotten Midas rich they will tax people who live from paycheck to paycheck.

    Now we need our infrastructure fix but why not tax the rich to do it.

  25. It couldn’t happen to a more deserving group of ignorant tea bag RED states.

    “The concerns are cutting across traditional oil states like Texas, Louisiana, Oklahoma and Alaska as well as those like North Dakota that are benefiting from the nation’s latest energy boom.”

  26. The Reagan-Bush Debt is how much of the national debt of the United States is attributable to the presidencies of Ronald Reagan, George H. W. Bush, George W. Bush, and
    the Republican fiscal policy of Borrow-And-Spend.

    As of Monday, December 29, 2014 at 11:35:37AM CT,
    The Current ReaganBush Debt is:
    $16,829,788,484,641.80
    which means that in a total of 20 years,
    these three presidents have led to the creation of
    93.24%

    of the entire national debt
    in only 8.4034% of the 238 years of the existence of the United States of America.

    http://reaganbushdebt.org/

  27. “Analyst predicts $2.5-billion windfall for California”….
    http://www.latimes.com/local/politics/la-me-state-budget-20140517-story.html

    California job growth beats rest of U.S., UCLA Anderson Forecast says
    http://www.latimes.com/business/la-fi-california-job-growth-beats-rest-of-us-ucla-anderson-forecast-says-20140613-story.html

    California productivity surges as employment shrinks, report finds
    The state is the top contributor to nationwide manufacturing output, responsible for 11.4% of U.S. production, compared with 10% from Texas
    http://www.latimes.com/business/money/la-fi-california-manufacturing-output-employment-20140715-story.html

    “The good news is that we’re putting $10 billion into the schools of California”…
    http://edsource.org/…/brown-projects-big…/55965

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