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. dominican mama 4 Obama

    The President is being very realistic in his asessment of the public's 'goodwill'. It is quite possible that if he does'nt turn this around by 2010, he may not have a 2nd term. We would be the losers for that because back in Feb. his' plate' was already overflowing, and more issues keep being added to it i.e.pirates, swine flu etc. I do believe however that people of sound judgment, and fair hearts, cannot help but recognized the outstanding effort that our President is putting forth. Senior ciitzens of every race and political affiliation are stating how he is the best President they've seen in at least 60 years.

    To you Pres. Obama I say do not underestimate the goodwill that you are building through your sincere, and intelligent efforts on behalf of EVERY citizen in this country. You are a breath of fresh air. We know you're not perfect, but we are agog at your perseverance and doggedness to get this economy going, as well as address the other 13 plus major issues facing your administration.. You are showing goodwill, and you are building good will. The vast majority of us are behind you. And thus far you have not failed us. God bless you sir, you make us all very proud indeed to call you our President. and call ourselves Americans.
    A+ on last night's delievry and mastery of the issues. I especially liked your "enchanted" response via-a-vis our men in uniform.

    April 30, 2009 11:16 am at 11:16 am |
  2. Harold

    wish folks would do research instead of voicing baseless opinions; the more folks hate on Obama the better the economy is looking; In the face of bad news, Chrysler and flu, things still are holding steady; why? confidence in the man!
    There won't be any revolt in this country, the masses understand the little guy is getting something now not just the rich and powerful.
    Keep hating and let it consume you. I prefer to join in, help and never mind all the doomsayers.

    April 30, 2009 11:17 am at 11:17 am |
  3. Matt

    I am beyond exhausted by all of you people who are trying to tear Obama down. He is doing an amazing job dealing with the hand he has been dealt. SLM are you really that far gone? No president has gotten this kind of trouble handed to him except FDR. Doug, don't speak again until you get finish getting your GED. "Socialism" is such a fear tactic in the GOP it is pathetic. Number one, the only thing you know about socialism is what Rush Limbaugh tells you and number TWO, Obama has said clearly he does not want to be invoIved in the private sector. I know you "don't believe him"! AND he is a Muslim right?? Beyond pathetic... When are you going to start smelling the stench of what comes out of your mouth? I love you people that voted for Bush TWICE trying to insult this guy after 100 days of first steps in his plans. Bush was so pathetic that most of you that voted for him, now lie about it and pretend you didn't. Good luck with your issues, and I just hope you give Obama the credit he deserves when this thing DOES turn around.

    April 30, 2009 11:17 am at 11:17 am |
  4. Really

    For those of you who "think" that the Dems will loose in the 2010 election can you tell me how this will occour? 21% of people in this country currently define themselves as republicans according to a recent poll. The party is on the path to support only the most extreem candidates from the right. Doubling down on a failed policy will only result in greater failure (if one is to apply logic to the situation). I guess we will all see but unless something as of yet unforseen occours it's hard to follow the republican "logic" to their conclusion.

    April 30, 2009 11:18 am at 11:18 am |
  5. Streamwood Bill

    This Republican believes the American Public will be more likely to blame the old guard Republicans in Congress for their obstructionism, rather than Obama.

    What has the GOP done other than to vote "no," "no" and "no?"

    Have they offered any other alternatives other than their tired "no new taxes" and "lower existing taxes"?

    April 30, 2009 11:20 am at 11:20 am |
  6. David

    The economy goes through cycles and we're just in a downturn. It doesn't matter what he does (if anything he's making it last longer than it needs to), it's going to come back, and he knows that.

    And I'm sure everyone is going to give him all the credit when it does come back, but the credit should be given to the American people and the capitalist system. There is no other system in the world more resiliant.

    April 30, 2009 11:20 am at 11:20 am |
  7. Morgan

    I wish people complaining about socialism and facism would look up the definition of both. Our government structure (3 branches) virtually prevents us from ever being facist. As fara as socialism goes, we are ready have many systems rooted in socialism well before Obama.

    I find it funny that conservatives complain about big government when they want the government to dictate marriage and reproductive rights. Its funny that NOW spending is an issue when it is meant to focus on services for people and ignored when its spent on the war. Face it both sides do want the best with different philosophies. Neither meant to destroy the country. The exaggeration of Obama putting debt on our children is a farce. If we NEVER had a debt before Obama then I could buy the arguement. However our debt has existed for a LONG time and has ALWAYS been on our children. Let's be real. One year of investment is reestablishing our education and other areas has a great chance of high return on investment.

    By 2010 we should all work to make things better and stop grandstanding. Bipartisanship is about working together however we decide and not stomping your feet is your idea is not chosen.

    April 30, 2009 11:20 am at 11:20 am |
  8. Kevin B

    The conspiracy nuts are out today in this forum, Mr Obama at least has the fortitude to take accountablity for the economy, unlike the previous administration.

    GOP greedy and imcompetent whinners that label Mr Obama a socialist, fascist and every other kooky label they can come up with are the ones to blame for the current situation. I haven't heard one of those folks take responsibilty.

    April 30, 2009 11:27 am at 11:27 am |
  9. HK, Ohio

    So, people believe that a president's policy can change situation around in about 18 months. But, same people also think that a president is not to be blamed if economy sours on his watch in 8 yrs.

    April 30, 2009 11:27 am at 11:27 am |
  10. ran

    I do not see this happening because most people realize that this may take time and more so the Republicans are doing all they can to make sure change does not happen and we the people will not reward them for their obstructionist actions. It took 8yrs for Bush/Republicans to get us into all the mess; we will or should give Obama/Democrats at least 4 yrs. to get us out.

    April 30, 2009 11:29 am at 11:29 am |
  11. Is it 2013 yet?

    We will see a short term gain by the end of the year, partly by his spending TRILLIONS on pork jobs for the unions, that will benefit in the short term but EVENTUALLY our children will pay that bill over and over and over again during their lifetimes.

    He will get his biggest boost because of the usual corrective cycle that we go through every 8-11 years where some segment of the economy is artificially high, and CAPITALISM and WE THE PEOPLE correct it.

    My hope is that when we start doing well again we still have a country we can feel safe in, as his limp wristed foreign policy complete with full apologies to the world and NO real plan to get information from bad guys (maybe force them to listen to him WITHOUT a teleprompter, that would do it) and his zeal to close gitmo with no uh, uh, uh, uh, uh plan on what to do with them.

    One and done Barry as you are the worst 100 day President ever and things will only get worse.

    April 30, 2009 11:30 am at 11:30 am |
  12. Mary Foster RN

    Mr. President Obama,
    I know you are concerned about the uninsured so am I with the Swine Flu. I am a nurse that works in a hospital ER we see lots of patients without insurance. My concern is stockpilling Tamiflu until we have a Pandemic. Patients that are testing positive for the Flu without insurance cannot pay for Tamiflu I feel that the Goverment should make arrangements to make Tamiflu availabe to these patients now to help prevent a Pandemic. I have worked on Bioterrisiom committes I have seen how much Amoxicillin was sent to hospitals that went out of date and was disposed of. This is my concern with stockpilling Tamiflu the same thing may happen. Why not help patients that are in need of the medication now rather than the what if?
    Thank you,

    April 30, 2009 11:32 am at 11:32 am |
  13. Super D

    I don't see how things can improve.

    This administration hates the productive class in America. They hate anything about big business. They don't believe in Capitalism, they don't believe that tax increases on corporations get passed on to the consumers instead.

    They truly believe that they can spend their way to prosperity.

    And that's why they are super dangerous, cannot be trusted with national security, and must be roundly defeated next election.

    April 30, 2009 11:34 am at 11:34 am |
  14. Really

    The media wants to give him a free pass until mid 2010. Ugh. We will all be living on the streets by then and we will be dependant on the Government. Hmmmm.

    Soon it will be change happens at a slow pace and in order for the almighty to finish his work, we should make him the supreme ruler until he decides to quit.

    April 30, 2009 11:35 am at 11:35 am |
  15. Carole R. Wilson

    This is not really relevant to this article but it appears from seeing the President on TV last night that he has "washed away his gray" hair
    possibly to improve his appearance. This is about as false as his concern for the GREAT United States of America, which he continues to degrade on a daily basis.

    April 30, 2009 11:38 am at 11:38 am |
  16. foxrun

    Doesn't Obama realize that the election is now over and the need to continue campaigning is now over.

    Oh…I forgot, that's the only things he is really good at. Leadership is not his forte.

    April 30, 2009 11:38 am at 11:38 am |
  17. Rick

    Wow, he's really going out on a limb there. Our economy is cyclic and it will rebound, certainly within 3 years and even Obama and his merry band of thieves knows that. It would have done so with or without the pork-spending bill. The damage done by these fools will be the follow-up debt and inflation that will go on for years and years.

    April 30, 2009 11:43 am at 11:43 am |
  18. al

    It's a bit early for second term talk. However I agree with what he says. If the economy does not turn around he won't get a second chance.

    April 30, 2009 11:43 am at 11:43 am |
  19. Foreign observer

    It would be naive to think the GOP would make one single thing better. They haven´t separated yet from the Bush era and so they will bring back the catastrophe that´s been on the brink.

    April 30, 2009 11:44 am at 11:44 am |
  20. Jo

    It is a shame how some of you American belittle this country. If you people who don't want this country to succeed keep making jokes are harsh remarks about what the President is doing, then I say let a stupid Republican get in the White House and just see how much the rich will become richer and all of you who are middle class Republicans will be poor just like the rest of the country. Sometimes even the rocket science has to experient on thimg before they get it right so why not just wait and see instead of criticizing this man.

    April 30, 2009 11:46 am at 11:46 am |
  21. Greg Pottstown, Pa.

    I don't agree with Obama on many issues. That said, Obama does deserve a chance to get things done. I think that his ideas will only compound the problems but he needs to be given a chance. I think 2010 will see some major changes in congress and the senate. As more and more comes out about who knew what, when I think many will be affected.

    The truth is that you can't fix a problem if you don't know whats broke. If you think that republicans are the only ones to blame you are a Zealot, the same if you think dems are the only ones to blame. The truth is that Clinton forced banks to make loans that they knew would be defaulted on and do it with no money down. thats the story repubs tell what they don't tell is that bush did not do anything about it. The dems are no better, all they tell you is "last 8 years" like they can't remember anything before that. Lets face it the housing crises is at the hart of this issue. Clinton started it and bush either was to dumb to see what was happening or he just didn't care.

    April 30, 2009 11:49 am at 11:49 am |
  22. Paul

    This reads more like wishful thinking than analysis. The Democrats will certainly still control both the house and the senate after 2010, and maybe then the Republicans will finally get the message and became a party of sanity once more.

    April 30, 2009 11:50 am at 11:50 am |
  23. Ray Fisher

    I predict the President will be a great success because he leaves nothing to chance,constantly planning, double-checking and vigilant. Things will start jumping if he can ever get Geithner jump-started!!!

    April 30, 2009 11:51 am at 11:51 am |
  24. Mongo

    I pray God that the economy turns around; there are glimmers of recovery already despite the reckless mismanagement of the economy by Admin.

    With the outrageous borrowing and money-printing practices of this Admin we will soon be experiencing inflation that will make the Carter years look like the good 'ol days. I just hope it arrives before Nov 2010 so that one-party rule can be halted.

    I hope Obama fails and his policies are reversed; if he succeeds, my country fails.

    A Registered Democrat

    April 30, 2009 11:52 am at 11:52 am |
  25. Tim

    The average downturn lasts less than 18 months, and we are at least 6-9 months into this one, but super-Obama is asking for another 3 years?

    April 30, 2009 11:53 am at 11:53 am |
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