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Has President Obama failed to revive the US economy?

Stefano Fugazzi (ABC Economics) – Earlier this month ABC Economics published an info-graphic analysis assessing how the US economy has fared under President Obama. Here we update that report (see “SPECIAL REPORT / How Has the Economy Performed Under Barack Obama?”) with a Wall Street Journal analysis showing how some indicators have evolved over the past eight years in comparison to his predecessors.

 

Main takeaways from the WSJ comparative analysis:

  • Job creation during the Obama presidency, although outperforming Bush Jr, has been far below that seen during the long booms presided over by presidents Bill Clinton and Ronald Reagan.
  • Markets have an alarming tendency to lose ground at the end of presidencies.
  • Consumer confidence has lagged for most of Mr Obama’s term, currently being slightly higher than under the Bush administration.
  • Household income is still down from where it was when Obama entered office.
  • The participation of women in the workforce declined under the last two US presidents (Bush Jr and Obama).

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