As the midterm elections draw near, President Obama’s focus remains on the downturn in the economy. However, more than a year after taking office in January of 2009, the economy has picked up less than many had hoped.
Since entering into office, Obama funneled millions of dollars into infrastructure and research through the American Recovery and Reinvestment Act of 2009. Many opposed to the act said the it was a waste of money spent on special interests.
The dirty economic word in Washington remains “bailout.” To many, that word signified the Government failing the American people and giving away their hard earned tax dollars to companies that had not bothered to take care of themselves.
In late July of 2010, however, Obama proclaimed the auto industry bailout a success as the auto companies added 55,000 new jobs. There was even some talk that the tax payers had a small chance of seeing profit on their bailout investment.
However, come August, even the President had to admit that the housing market was still a “big drag” on the economy.
As the economy fails to pick up at the speed many Americans – especially out of work Americans – would like to see, many are turning to less traditional methods of making money, like using information in sportsbook reviews to try their luck at betting.
Former President Bill Clinton is famous for saying in an election, “It’s the economy, stupid.” During times of economic downfall, the economy tends to overshadow every other political issue as Americans fight to find jobs and keep themselves afloat. It’s not surprising, then, that the Obama administration continues to place the economy as a top priority, and with the current economic trends, it can be expected that President Obama and his administration will do so for months to come.
