President Obama won his bid for re-election despite the high unemployment rate that has plagued his administration. His win was surprising because no other candidate has won re-election with such high rates of unemployment
since FDR. It shows that voters have confidence in the President’s slow and steady approach to fixing the economy. This boost may be due to the
unemployment rate dipping slightly below 8% in September (7.8%) and October(7.9%), after years of stagnation at around the 8% range. President
Obama was also able to secure the votes of Ohio a crucial swing state, because of the financial bailout of the automotive industry his administration approved. In Ohio 1in 8 people are employed by the automotive industry and this drove the Presidents approval rates high enough to win the state. Many voters also seem to agree with the President’s approach to dealing
with the “Fiscal Cliff” and tax increases Obama hopes to implement when
the current tax rates expire. Lastly many voters according to this article seem
to blame George W. Bush for the current economic situation and Obama
simply inherited all these problems, which he now has the opportunity fix.
i think this shows the people's faith in OBAMA. And by the way, FDR was one of my favorite presidents of all time. I feel like Romney's main argument against Obama was the unemployment rate.Just like you said the approach is steady and its slow but at least something is happening. People fail to understand that Obama has alot of work to fix after Bush,so things may take a while. The information on Ohio is very informative.
ReplyDeleteBarack Obama won because his campaign supported abortions, immigration reform which is majority of the population then unemployment. Romney’s position on the issues is conservative that’s actually he did not win this election. We are modern society and looking forward. It takes time to recovery, however, according to the White House, Barack Obama is willing to create new jobs and stimulate economy by helping small businesses.
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