January 20, 2017 would be Barack Obama’s last day in office after serving 8 years as the president of the world’s most powerful country, United States. Our team at the Youth Observer analyzes the presidency of Barack Obama by running all his numbers and highlighting all his significant achievements as the president.
As of September 2016, Obama has an approval rating of 51% which is modest since the average rating of past US presidents (since 1945) in the seventh year is around 45%.
In Obama’s tenure, Unemployment rate decreased significantly as he created millions of new jobs in the economy.
Obama was unsuccessful in managing the federal debt as it significantly increased during his tenure.
During the early years of his presidency, Obama was stricter on immigration and saw many illegal immigrants going back to their homes.
During Obama’s presidency, Israel and Afghanistan continued to be the major recipients of the US foreign aid.
US is running consistent trade deficit since 1976 due to high import of oil and consumer goods. This trend continued in Barack Obama’s tenure but trade deficit did decrease significantly in Obama presidency. In 2008 (George W Bush’s tenure), the trade deficit was around $708B while in 2015 it was $540B.
During Obama’s presidency, inflation in consumer prices has remained moderate.
Obama did particularly well when it comes to managing the budget deficits. The budget deficit shrinked by more than a $trillion (Yes, thats with a T).
Biggest Achievements of President Barack Obama:
- Ended US military involvement in the Iraq War and increased US troop levels in Afghanistan
- Substantially increased the number of drone strikes targeting suspected terrorists around the world
- Ordered U.S. military involvement in Libya following a popular revolt against Libyan leader Muammar Gaddafi
- Authorized the military operation that resulted in the death of Osama bin Laden in 2011
- Signed the New START arms control treaty with Russia reducing the number of long-range weapons held by both countries
- Signed economic stimulus legislation like the American Recovery and Reinvestment Act of 2009 (the Stimulus) and the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 into law in response to the Great Recession of 2008
- Signed the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, strengthening financial regulations to an extent not seen since the Great Depression
- Pushed the Patient Protection and Affordable Care Act (aka Obamacare) overhauling the nation’s health insurance system through Congress in 2010
- Signed the Don’t Ask, Don’t Tell Repeal Act of 2010 and became the first sitting U.S. president to publicly support same-sex marriage
- Repealed a Bush-era policy preventing federal tax dollars from being used to fund research on new lines of embryonic stem cells
- Signed the Health Care and Education Reconciliation Act of 2010 ending the role of private banks in lending out federally insured student loans
Barack Obama has overseen a significant drop in unemployment and done well with the deficit, but his approval ratings remains modest and the federal debt has increased significantly.