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Tuesday 16.10.2018 | Name days: Daiga, Dinija

Americans blame Obama for economic downturn

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US President Barack Obama

Most of Americans are convinced the policy implemented by the United States (US) President Barack Obama is to be blamed for the economic downturn.

Two thirds of voters believe since Obama came into office in January 2009, they have to pay more in taxes, the economic situation of the state has deteriorated, while the 700 billion worth investments in the anti-crisis program will never return to the state’s Treasury, reports Bloomberg.

Paradoxically enough, according to the statistics, it is the other way round – the President’s administration has introduced several tax incentives most of all for middle class people. The President also insists on prolongation of benefits and incentives to people earning less than 200 000 dollars per year, as well as for married couples whose income does not exceed 250 000 dollars per year.

Overall US economy is starting to recover – GDP growth by late 2010 might form 2.6%, while Standard & Poor’s funds index has increased by 75% since March 2009. Form all investments in the anti-crisis program, only 50-60 billion dollars will not return to the US Treasury.

Obama’s rating has fallen by 37%, which is the lowest point since he started his duties as a President. In early 2009, the support expressed for the President exceeded 60%.

Despite Obama has done a lot to get US out of the crisis, he is still not a winner, emphasize analysts, adding that it is not enough with a year for the state and its residents to recover from the gravest recession since 1929.


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  1. rut says:

    It’s easy to blame the leaders.

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