Friday 2 December 2016

Obama faces wrath of a nation for failing to restore 'feel-good factor'

Stephen Foley in Washington

Published 01/11/2010 | 05:00

US President Barack Obama shakes hands with well-wishers after arriving in Cleveland to attend a DNC Moving America Forward Rally at Cleveland State University in Ohio yesterday
US President Barack Obama shakes hands with well-wishers after arriving in Cleveland to attend a DNC Moving America Forward Rally at Cleveland State University in Ohio yesterday

The US goes to the polls tomorrow against the backdrop of the worst employment situations in many years, and, with the scars from the credit crisis still deep, the incumbent party of President Barack Obama is preparing to be punished for its failure to restore any feel-good factor to the economy.

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Behind the ballyhoo of individual races, and the upsurge in support for the anti-government Tea Party movement, lies the failure of Wall Street bailouts and economic stimulus spending programmes to generate improvements, alongside a gnawing feeling that the US may be losing its economic leadership in the world.

And, at the same time, polls show a profound misunderstanding of the economic measures that the Obama administration and the Democrat-led Congress has taken since the last elections two years ago -- a misunderstanding about which Mr Obama himself has repeatedly expressed frustration.

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