April 30th, 2009
10:44 AM ET
6 years ago

Obama's success: It's all about 2010

Policy experts agree Obama's presidency will be rated on the speed and depth of the economic recovery.
Policy experts agree Obama's presidency will be rated on the speed and depth of the economic recovery.

NEW YORK (CNNMoney.com) – President Obama has said if the economy doesn't turn around on his watch, voters won't give him a second term.

"If I don't have this done in three years, then there's going to be a one-term proposition," he said in an NBC interview in February.

Policy experts agree Obama's presidency will be rated on the speed and depth of the economic recovery. But they think he may only have until mid-2010 to get the economy moving in the right direction before Americans start blaming him for what ails them.

"If we get back to an upward economy in 2010, it'll be good. But if we're in it [longer] ... people's opinions will be formed. That's as much patience as Americans will have," said Gary Clyde Hufbauer, Reginald Jones senior fellow of the Peterson Institute.

And voters could take it out on Democrats in the November 2010 midterm congressional elections.

"Republicans could cut into Democratic majorities," said American University Professor Allan Lichtman, a political historian and presidential election expert.

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Filed under: President Obama
soundoff (97 Responses)
  1. Tim

    Bush was dealt a much worse hand than Obama. He inherited a recession and lax survialence methods. He overcame both, and it didn't take him 3 years to solve the economy crisis.

    April 30, 2009 12:30 pm at 12:30 pm |
  2. Proud DHS radical

    Simply throw out all the incumbant bums!

    April 30, 2009 12:32 pm at 12:32 pm |
  3. leon

    This is what American Society has turned into" DIVIDED by extreme right and extreme left and a lot of hate

    I wish a third party emerges strong, fair and honest of its real positions. So far on my 15 years living in this country I can say that none of the two major political parties and its politicians including Bush and now President Obama really represent and care about the average American more than about their political ambitions. They have compromised their values to get where they wanted to go and that applies to both parties and both presidents. Bush took this country in the wrong direction inside and abroad. Obama was blind and made deals with strong leaders of the Democratic party and corrupted politicians in Chicago to fullfill his political ambitions. Did he confronted and faced corruption in Chicago? no he did not? did he created a grass-root movement to oppose that corruption or to march all the way to Washington to finish the war in Iraq after his famous speech? no he did not. why? because it was not in his best interest to make enemies in his own party or to not sound patriotic when he was running at that time. He put his political interests first and his values second.

    That is a reality and we live with it

    A third party in this country that will punish politicians from both major parties is one of the possible solutions to really start a change in this country.

    April 30, 2009 12:32 pm at 12:32 pm |
  4. keith A. sillsbury

    I can say one thing for him, he is a modest man. All hes done so far for us and hes not bragging. he is definately the right man for the job. Hes done a great job so far and by the latest predictions we'll be out of this Depression!! soon, possibly by years end. thats something the imperialist republican party couldn't do. in fact, they got us into this mess. The one thing I don't agree with is hes not taxing the rich enough. they need to pay the same percentage as the rest of us hard working people, not 25% or 28% but 36% like the rest of us middle class. Keep going pres, keep up the good work, if it takes money to fix the problems like health care then do it now. if we wait, it'll never get done.

    April 30, 2009 12:32 pm at 12:32 pm |
  5. Cindy PA

    There will be no second chance for this community organizer / social worker non American president and his tax cheating; staff and the Democratic Party in Congress. There is no real improvement for the American people.

    Let’s review,
    higher unemployment
    higher taxes
    higher home foreclosure rate
    auto industry in the tank
    stock market in the tank
    tax evading Democratic Party
    tax evading Obama administration
    the “Porkulus” Spending bill
    out of control budget

    Depressing being an American under the Obama administration.

    April 30, 2009 12:33 pm at 12:33 pm |
  6. Enlightened Voter

    President Obama, you could kill me and I would still vote for your second term cause you've don't more positive in 100 days then bush and the rethugs did in 8 years. You are a class act which this world does not deserve. The rethugs gave gwb 8 years to fully destroy this country, we can give you 8 to clean up the mess.
    Obama/Biden 2012!

    April 30, 2009 12:34 pm at 12:34 pm |
  7. Rick CT

    Somehow, I doubt BHO would have been elected if he'd said that when he got into office, he'd spend money at a record rate, run up the biggest deficits ever, but at the same time folks, you're in for another 18 months of misery and 600K per month job losses until this turns around.

    This kind of money isn't being allocated for a long, slow slog. Ultimately, this kind of spending will lead to higher inflation. If we don't see a significant drop in unemployment (which means the job losses have to drop significantly and companies actual have to start hiring again), you'll see the reincarnation of the "misery index" that tanked Carter in 1980.

    As popular as Reagan was in the early '80s, his policies didn't provide a quick fix and the result was a signifcant loss of Congressional seats in 1982.

    April 30, 2009 12:34 pm at 12:34 pm |
  8. Tasha

    Considering the hand he was dealt, I think President Obama has done a outstanding job in his first 100 days. You see Bush didn't get us into this mess overnight, and President Obama can not get us out of it overnight. Yes things are hard ,but I honestly believe he is doing all he can to get this country back on the right track. SLM.........You're right this President isn't the only one to inherit a recession, but I bet the recession those other President inherited was in no way close to what President Obama inherit. No way!!!

    April 30, 2009 12:34 pm at 12:34 pm |
  9. Vince

    The Republicans have committed themselves to do everything they can to ensure that things DO NOT improve for this very reason. They know if things improve (whether Obama's policies are credited or not) then it is the END of them. They will save self over country.

    But, I am confident things will turn around. Even pessimistic economists agree that at worst we are at the bottom. The only question is how long it will take to climb back up. Hopefully, Obama's policies will cause that to happen more rapidly than they would otherwise.

    April 30, 2009 12:36 pm at 12:36 pm |
  10. Dan from Sacto

    The nature of the comments in this section leads me to believe that Drudge report, or some other hate-blog site dumped its handful of haters into the comment section here.

    What I really find interesting, is the far right is now 'predicting that the economy WILL recover' but still find a reason to pass credit to something else other then Obama, and his administration.

    I like the comment above about the economy being "cycilic" LAF! Like the economy is completely out of our control, much like the weather.

    April 30, 2009 12:36 pm at 12:36 pm |
  11. Eugene

    Comparing President Obama's judgment and ability to reason with that of his predecessor's and any other possible replacements from the Republicans is no contest. The longer the right-wing spinmeisters trot out their accusations with no basis in fact or history (see Rep. Bachman's most recent nonsense as an example), the more likely it will be that the public will give President Obama leeway to continue his work. What the Republicans so desperately need at this time is reasonable alternatives to what they are lambasting. Driving the Republican semi on the cocaine of Rush Limbaugh is getting you guys absolutely nowhere with 60% of the American electorate and the rest of the world.

    April 30, 2009 12:38 pm at 12:38 pm |
  12. Patient Citizen

    The man has shown more character and capability than any other politician out there

    Even if the economy hasnt turned around in this allotted time period, if Obama says lets keep at it.........I will do that

    No fool here.....some things take time, and rebuilding this system is worth it

    The war has been going on for eight years with no relief, if it takes as long to fix the neglected economy of the Bush Cheney house of horrors......

    so be it........

    April 30, 2009 12:40 pm at 12:40 pm |
  13. Roy

    I would hope that you dont get a second term. This country is going to be so broke in about two years the people that see him in an American idol like way will come to their senses and thow Obama out of office. The love fest will be over. People right now are all aflutter, and he has done NOTHING.

    April 30, 2009 12:40 pm at 12:40 pm |
  14. Mike

    I can see that the Republican spin machine is out in force again. They have no serious idea of any value to share, they simply attack, attack, attack this administration and this President. Obama and his team has done more in the last 100 days, with a heavier load of existentially-critical problems, than any other President in any of our lifetimes. The fact that the sarcastic name-calling is being aimed at him here simply shows that the critics here care nothing about facts, they simply are trying to weaken the President politically for their own party's political advantage.

    They HAVE to hope that he fails, because otherwise, they will have nothing to run on in 2010 and 2012. (The argument of "the economy would have fixed itself anyway" isn't going to cut it, folks.) Of course, Republicans COULD choose to actually work constructively with the President to solve these problems, actually behave as if it really is "Country First", and share in the credit. But it seems that the only ones who are interested in doing that are being painted as outcasts by their own colleagues and are now being forced to leave the Republican Party.

    How sad for the Republicans. And at a time when the country really could benefit from a truly constructive, loyal opposition, how sad for the country.

    April 30, 2009 12:41 pm at 12:41 pm |
  15. Rick

    Obama will get his when the tax bill for all this spending comes due.
    We the people will not forget who really ran up this bill. It wasn't Bush.
    It was Obama, Pelosi and Reid.
    They will have tripled the national from where it was when Bush left office and increased the budget deficit by over 1.5 trillion dollars.
    All Obama and Congress have done is lengthened the recession in an attempt to soften the blow.
    All the companies we are throwing money at will still end up in bankruptcy. Look at Chrysler. All that cash and they are still going under. GM is not far behind.

    The party of "No" as you all like to call the Republicans are only saying NO to mindless spending.

    The measly tax cut you all cheer so loudly about is a joke.
    Enjoy the extra $13 a week while you can. You will wish you never took it when the tax bill comes due for all the liberal spending.

    April 30, 2009 12:43 pm at 12:43 pm |
  16. Pam

    I don't think that Republicans would gain much if the current administration fails.
    A lot of the blame for the current economic crisis belongs to the Republican party who have been so bent on keeping such a distinct line between the 'haves' and the 'have nots'.
    If Bush were still President, he would not be concerned about the average American losing their home or their job, but what he could do to help cushion his rich buddies from any fallout!
    This crisis started when the price of gas began to skyrocket.
    While Exxon posted record quarterly profits, the average American began to dip into savings and go into debt to pay the monthly bills. It began to spiral downward from there.

    April 30, 2009 12:43 pm at 12:43 pm |
  17. Chamorrita, MD

    NOT to worry, with Michael Steele agreeing with Rush Limbaugh, it's just a matter of time before the GOP is down to 10% in the polls. These clowns are just clueless beyond words.

    April 30, 2009 12:46 pm at 12:46 pm |
  18. Neil

    He isn't going anywhere and he knows it. The economy isn't going anywhere either, and he knows that, too. Even if he loses half his support in 2010 the Republicans will only have the ranting of Limbaugh and the tears of Steele. In 2010 he'll either declare his policy a success, regardless of the truth, or he'll declare the economy in continued crisis, requiring even more of his brand of Recovery. It's going to be a Democratic kingdom the next eight years and Obama's too much of an opportunist to walk away from that.

    April 30, 2009 12:49 pm at 12:49 pm |
  19. paulserrano

    In 2010 the Democratic party will INCREASE it's hold on Washington, as evidenced by the fact that every Republican is afraid of Rush Limbaugh – they simply fail to realize the more they become the party of anti-abortion, anti gay marriage, pro creationism they are pushing themselves further OUT of the mainstream of society – is it any wonder that in the space of five years they've gone from running all three branches of the federal government to absolute insignificance? They had all the power and they BLEW IT. Obama is smart, and capable and will do whatever he has to do to hold on to power, and increase his mandate – believe me, the GOP is doomed for another decade of wandering in the wilderness, and it's their own arrogance that put them there.

    April 30, 2009 12:50 pm at 12:50 pm |
  20. Mel of Alexandria

    Give the people some credit for being able to make up their own minds.It may take more than two years to turn things around. Everyone knows that it is easier to make a mess than to clean it up. That which took several years to create cannot be made new in two years. If we can see a positive trend, that is enough for me.

    April 30, 2009 12:52 pm at 12:52 pm |
  21. J.P.

    Chrysler files for bankruptcy.

    Bailout Fail.
    Obamanomics Fail.

    April 30, 2009 12:53 pm at 12:53 pm |
  22. AndyL

    By 2010 hopefully the nation will realize that a community organizer cannot run the country. We need a leader not a tele-prompter

    April 30, 2009 12:55 pm at 12:55 pm |
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