Obamanomics: VICE Money looks back at the Obama economy.
Barack Obamas term in the Oval Office has been one of the steadiest periods of economic improvement in recent U.S. history.
Of course, a lot of that has to do with where he started. Elected amid the worst financial crisis since the 1930s, Obama took office with an incredibly bleak economic backdrop. The U.S. economy was losing 600,000 to 800,000 jobs every month. The jobless rate skyrocketed to 10 percent by October 2009. It would have been hardfor the economy to get any worse.
Jump cut to Friday, when the U.S. Bureau of labor statistics showed the U.S. unemployment rate declined to 4.6 percent in November. Thats the lowest its been since August 2007. The economy generated 178,000 new jobs in November, the 74th straight month of positive job growth and the longest such streak on record.
With a record like that, youd expect Obamas approval rating which has been rising overall to be especially high when it comes to his handling of the economy. But it isnt. It actually lags his overall approval rating of 54 percent, according to the average of polls compiled by Real Clear Politics.
Why? Well,beneath the surface there are still problems with the economy. Though the Great Recession technically ended in June 2009, the recovery has been incredibly slow. That tends to be a feature of recessions brought on by financial crises, economists say. And as a result wage growth has been achingly until last year, when U.S. incomes finally surged.
Also, it should be said that since his efforts in the immediate aftermath of the crisis things like the auto bailout, and stimulus program which helped keep the economy from falling off a cliff Obamahasnt actuallybeen able todo very much to help the economy, given obstruction in the Republican-controlled congress.
In fact, much of the improvement in the economy is probably due to the Federal Reserves policy of keeping interest rates super low. So, maybe Americans who do see the improvement in the economy dont give the White House the credit. (Theyd essentially be right.)
More broadly, whilethe economy did get going again under President Obama, simply restarting the economic engine hasnt done muchat least until the last year or soto reverse a decades-long trend toward increasing inequality and erosion of the once-mighty American middle class. Between 2008, and 2014, the share of Americans identifying themselves as middle class shrunk by nine percentage points, to 44 percent, according to the Pew Research Center.
Thats not just a problem for the economy. Given the role that the middle class has historically held as bastions of political moderationand stability, its increasingly clear that this is not just a problem for theU.S. economy, its a problem for U.S. society.
By Monica Langley Sept. 13, 2016 7:04 p.m. ET
Donald Trump installed his third leadership team at a campaign low point on Aug. 16. The next day, his new managers at a meeting in his Trump Tower office in New York suggested the Republican Party nominee visit residents suffering in the Louisiana floods.
Mr. Trump didnt like the idea. Wouldnt he look like he was pandering? he asked, according to advisers. And besides, he added, Louisiana wasnt a swing state.
Newly installed campaign chief executive Stephen Bannon and campaign manager Kellyanne Conway told their new boss, basically, trust us. Mr.
Karyn HartyLast week saw McCann FitzGerald launch a new Data Investigations Group - a pioneering model for the management of high-volume document review and reporting.
There has been a seismic shift in the international legal market over recent years. Clients expect legal advisers to make greater use of technology and offer more imaginative pricing solutions.
Businesses are used to integrated project management in their own organisations - and they expect their lawyers to speak the same language a
When Mr. Obama became president in 2009 and vowed to close the prison at the Guantnamo military base in Cuba, there were 242 detainees, 99 of them Yemenis. In separate trips to Saudi Arabia that spring, John O. Brennan, then Mr. Obamas top counterterrorism adviser, and Robert M. Gates, who was the defense secretary, again raised the idea, according to another leaked cable and news reports. They were again rebuffed.
As Mr. Obamas first term unfolded, the effort to close the prison ground to a halt as Congress imposed steep restrictions on transfers. But in 2013, amid a widespread hunger strike by detainees, he resumed his push for transfers and renewed talks with the Saudis about the
Having a successful business online can be challenging. It can be hard to attract people who want to buy your products or services, so you have to go and find them. Marketing with social media can be a great way to do this. Here are some effective social media tips that will make you a success.
Have a goal for your social media marketing campaign. You need to set a goal of why you are stepping into the social media market. Do you want to be on the cutting edge of marketing for boosting sales? Alternatively, do you truly want to have a more powerful relationship and engage with your customers? Setting a goal before starting can direct you towards the best strategies to achieve them. <
'I would much rather have moments of action than moments of silence,' Rep. Schiff says about the latest mass shooting.
By Nick Gass
12/03/15 09:06 AM EST
Democrats are scolding their Republican colleagues for not backing up their calls for "thoughts and prayers" with real action that could curb the gun violence plaguing the United States.
As Americans are still trying to make sense of Wednesday's massacre in San Bernardino, California, that killed 14 and injured another 17, Democratic voices are saying enough with the platitudes.
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Appearing on CNN's "New Day" on Thursday morning, Rep. Adam Schiff (
COMPTON, Calif. (KABC) --
Two women walking along a bike path found a newborn baby girl buried alive near a riverbed in Compton Friday afternoon.
Around 4 p.m., Los Angeles County sheriff's deputies at the Compton Station received a phone call from Evangelina McCrary and Angelica Blount about a baby crying in the riverbed near 136th Street and Slater Avenue.
Two deputies arrived at the scene and began searching the area after hearing the baby's muffled cries. The pair soon found the newborn girl buried under pieces of asphalt and rubble inside of a crevice along a bike path.
The deputies rescued the baby from the hole and wrapped her in a blanket because she was cold to the touch. Her vitals were checked and paramedics were called. The baby girl was medically treated at the scene and then transported to a nearby hospital in stable condition.
Authorities believe the baby was born inside a medical facility within the last 24 to 36 hours before she was buried, and said the person responsible for the crime is facing attempted murder and child endangerment charges.
Deputies said the newborn would not be alive if it weren't for the women who heard its cries.
"God bless the two ladies that found this baby," said Angel Flores, a neighbor. "God bless the baby... that strong baby."
Anyone with information on the abandonment and endangerment of the infant is asked to call the LASD Special Victim's Bureau at (877) 710-5273 or call Crime Stoppers to remain anonymous at (800) 222-8477.
The Los Angeles County Sheriff's Department urges anyone who may be in a difficult situation with a child to surrender them at any hospital or fire station in the county, no questions asked. For information call (877) 222-9723 or visit babysafela.org.
(Copyright 2015 KABC-TV. All Rights Reserved.)
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