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

Obama's success: It's all about 2010

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/images/04/29/art.obama2.gi.jpg caption="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. bj, Texas

    Till 2010? You've got to be kidding! The economy keeps tanking, unemployment keeps rising, the stock market keeps losing ground. This clown and the rest of this villiage idiots in congress needs to be shown the door now!

    April 30, 2009 10:48 am at 10:48 am |
  2. SLM

    Recessions cycle through on their own and this one better do the same. His policies are making it last longer than it should, but hopefully things will still work out. Obama should know this, he isn't the first president to "inherit" a recession, but he sure doesn't want you to forget.

    April 30, 2009 10:51 am at 10:51 am |
  3. Robin

    Hi plan is to prolong the recession until his third year in term. Then he will perform a miracle, and people will fall on their knees praising him, "All Hail Obama".

    April 30, 2009 10:51 am at 10:51 am |
  4. Jeff from Atlanta

    I believe obama is in over his head, but I hope like hell the economy turns around in spite of him.

    April 30, 2009 10:54 am at 10:54 am |
  5. Doug, New Jersey

    If Obama gets a second term then he will get a third, fourth, fifth....

    This will be a totally socialist nation where the freedoms and rights we enjoy will be completely gone. You libs won't be able to tell your good hearted, honest republican neighbors they were right, they will be locked away or killed by then. The pattern of national Socialists is always the same.

    April 30, 2009 10:54 am at 10:54 am |
  6. Kelby In Houston, TX

    Obama said, "If I don't have this done in three years, then there's going to be a one-term proposition,"

    This is so true. I am an avid Obama supporter, but I support him because I think his policies will benefit our great nation. But, if the policies won't work, that's it. DONE. Finito. There is no second chance. (like there was with Bush)

    You naysayers can say what you want, but' the proof is in the pudding and the pudding is policy.

    Obama's success will not be defined by how much of his legislation is pushed through, but by the success of the American People. If the American people are successful in the years to come then our President will be considered a success. This is the real reason why the GOP want him to fail and the American people to fail. His success is their downfall

    April 30, 2009 10:55 am at 10:55 am |
  7. Romney2012

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

    CORRECTION: Voters WILL take it out on demolibs in Nov 2010...you can bet on that,...we're tired of Obama screwing the country, and the conservatives, not necessarily republicans, will oust the wasteful spenders and halt the remainder of the socialist pork package spending. Because Obama wanted to "end load," the spending of the pork bill, laying out billions right before his bid for re-election to again buy votes via ACORN and other criminal groups....well, this plan will backfire because conservatives, both dems and repubs, will step in and halt the spending. If not, the country will see revolts; it cannot shoulder more spending of this administration's desire. This action he's planning in the last two yrs of his term will cause the economic and financial collapse of this country. Wise up liberals, things are bad enough now. Imagine the further burdening of all social classes to support an even bigger government...it's like feeding crackheads more crack...

    April 30, 2009 10:56 am at 10:56 am |
  8. Ajay Jain, Garland, TX, USA

    This is NOT 1994 or the CONTRACT with AMERICA years of Republican era. Democrats will prevail with a communicator like Obama.

    Obama – Biden 2012!

    April 30, 2009 10:57 am at 10:57 am |
  9. mark

    It's called Tax cuts, that will stimulate the economy not the tax payer creating jobs. keep drinking the kool aid

    April 30, 2009 11:03 am at 11:03 am |
  10. Blue Tiger

    I am a democrat and very displeased with the way that Obama has handled this entire recession. Let alone a glimer of hope, things seem to get worse by the day with no end in sight.

    April 30, 2009 11:05 am at 11:05 am |
  11. geraldine

    He'll get reelected no matter what happens with the economy.

    Media won't allow him to ever be accountable for anything bad that happens – it's either Bush's fault, the Congressional Republicans' fault, the man in the moon's fault, etc.

    It's already been decided that he's The Best President Ever, so we should all just accept that and then figure out on our own how we're going to make this country great again.

    April 30, 2009 11:06 am at 11:06 am |
  12. Fair is Fair

    Excuse me... I just fainted... must me the total shock of finally agreeing with one thing that has come from this man.

    You own it all, Mr. President. The problem, your cure, the who enchilada.

    Sayonara if it doesn't work.

    April 30, 2009 11:07 am at 11:07 am |
  13. Chris ~ Albany, NY

    I have nothing but the utmost patients for this president and his administration. They are the right people for the times. The last 8 years have been an absolute nightmare, a lot of the wealth and prosperity that were happening over that time was an absolute farce and is going to take some time to get back on an upward track.

    April 30, 2009 11:08 am at 11:08 am |
  14. Judy

    That is wishful thinking on the Republicans behalf. Remember it to 8 years for them to derail America. It is unrealistic for anyone to think Obama is Superman and can undo the damage in 2 short years. Come on America. Use your heads. Do not buy into this Republican propaganda.

    April 30, 2009 11:08 am at 11:08 am |
  15. Andi

    This isn't news. This is the reason the GOP wants Obama to fail and have been diligently directing all of their energies toward seeing that he does fail. Pathetic. All the Reps care about is getting back into power so they can continue building their personal empires. If you think for one minute the GOP cares anything for the citizens of this Nation, you are fooling yourself.

    If, God forbid, the GOP succeeds in their goal, how do you folks on the right who aren't wealthy think you will make out?

    April 30, 2009 11:11 am at 11:11 am |
  16. Melissa

    With the way the Republicans have been behaving, they won't be cutting into any Democratic majority. We're more likely to see Independant party cutting in than the Republican party. Especially given that only 21% of Americans are willing to self identifiy as Republicans.

    The Republicans may be loud but that doesn't mean much.

    Shouting in a peaceful quiet room only makes people look at you funny, whether they like the guy hosting the party or not. But the guy thats talking quietly along with everyone else but is compelling enough for people to listen to will get much more good attention.

    I would like to think that Americans have more patience than you're giving them credit for but unfortunately you're probably right.

    The thing is, whether the Republicans want to give him credit or not, Obama has managed to stop the free falling of the economy. No, things have not been getting better, they're floating around the same level by sometimes getting better and sometimes getting worse. Its like a cork bobbing in water. It will bounce for a little while before it settles down. But it WILL settle down. Its just a matter of patience.

    April 30, 2009 11:12 am at 11:12 am |
  17. Rob

    Yeah, 2010, when the Dem-iots in Congress are voted out, the Republicans re-gain control, and America can finally start to recover.

    ..That is if Obama, Pelosi, & Reid haven't destroyed things by then

    100 days – Worse president than Jimmy Carter.

    April 30, 2009 11:13 am at 11:13 am |
  18. Esther in Fl

    I love how we are talking about a 2nd term when the guy has only been on the job for 101 days. I say let's bring this topic up when it's time to campaign again. (And the harsh reality for many conservatives is...slowly...the economy is turning around and I think it's safe to say that the fundamentals of our economy are strong.)

    April 30, 2009 11:14 am at 11:14 am |
  19. Sean

    ...and you people want to go back the the Bush/Repubs way of doing things if Obama plan do not get us out of this mess by 2010? You got to be kidding me! This is the reason we are IN THIS MESS. At lease let's try a different approach, not the same thing the Repubs have done to this country.

    April 30, 2009 11:14 am at 11:14 am |
  20. J.P.

    Anyone who lived through the 1970s (AND who has an understanding of macroeconomics) can tell you that what has been proposed and executed thus fas as the "solution" to this manufactured crisis, will only make it worse.

    And yes, voters will indeed take it out on the Congress.

    But Dems, don't take it so hard. The voters will throw out your bosom-buddy Republicans just as fast, if not faster. We EXPECT liberals to spend in a manner that will embarrass even drunken sailors. It's when supposed "conservative" RINOs vote along with you, when we get REALLY incensed. In fact, Republicans who voted for this spending will be punished more severely at the ballot box. It's not a good time to be a RINO who voted for fiscal insanity just so they could be invited to better cocktail parties in DC.

    There is storm brewing, and it's a hell of a lot bigger than just the recent tempest brewing in a tea cup.

    April 30, 2009 11:15 am at 11:15 am |
  21. Judy

    By the way, I am a Conservative Christian who proudly voted for President Barack Obama. So be careful "Romney2012" how you throw those liberal comments around. Americans are not nearly that narrow minded. When it is absolutely clear that the Republicans drove this country into the toilet. Sometimes the good of our country has to be top priorty. Look at the statistics of Christians who saw the light and voted for the real leader. (Where would we be now if McCain had won? On a bridge to No Where?) Get Educated.

    April 30, 2009 11:15 am at 11:15 am |
  22. lovable liberal

    The unrepresentative wingnut commenters are here in force. One of them even wants the Democrats out of power before the next election. Wonder how his GOPers are going to accomplish that.

    President Obama is not the first to inherit a recession, true. He's just the first to inherit one this bad since FDR picked up after another laissez-faire wastrel Republican.

    April 30, 2009 11:15 am at 11:15 am |
  23. connie

    this country every year creates over a million jobs a year and Obama will take credit for that. He has been in office 3 months and he has been on prime time 3 times saying bs and been all over the world bad mouthing the USA what more do we want from a president

    April 30, 2009 11:15 am at 11:15 am |
  24. Mike in MN

    I think Obama has more to be concerned about than just the economy recovering by sometime in 2010.
    Even if the economy recovers, there will still be massive new deficits that are a result of his huge spending increases. Unless he can figure how to reduce them or make them go away, they are going to scare the hell out of a lot of people.
    If he uses broad base tax increases to try and deal with the deficits, he will have to increase taxes on the middle class. That would be a good way for him to not get re-elected. And by the way, did anyone notice the budget just passed and soon to be signed by Obama already has a tax increase for 95% of Americans? The budget just passed eliminates Obama's tax increase for 95% of Americans after 2010. So it lasts for only two years and when it goes away in 2011 95% of Americans will pay more taxes. It's a good bet that is just the start.

    April 30, 2009 11:15 am at 11:15 am |
  25. Anonymous

    He'll treat the recession just like he does his so-called press conferences (the highly orchestrated pieces of work). It was fall into place before election time and he can "pull the rabbit out of the hat" and, viola, get re-elected. The press conferences he has are an absolute joke! No wonder ratings for them aren't high. He has already let it be well known that he does not like to be challenged. He would croak if the press did their real job – represent us and not kiss his a$$. He would be absolutely speechless and you know it.

    April 30, 2009 11:15 am at 11:15 am |
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