The US Economy is growing folks….
The last time we had something like this was the Clinton Presidency years….
People even look back at that time not in terms of scandal or anything else…
They remember the good feeling of a good economic time….
Could Barack Obama be aiming for that same good feeling?
Could it lift the Democrats chances and turnout in the next two elections?
President Obama is tying his legacy to a growing economy, seizing on the administration’s successes in boosting the nation during financial woes.
Bolstered by a string of positive economic reports, the administration hopes it can increase Democrats’ chances of holding the Senate this fall by highlighting Obama’s stewardship of the economy.
More broadly, the White House hopes to ride the wave of an economic recovery to improve Obama’s approval numbers over the final two years of his presidency, setting up a possible Democratic successor at the White House.
“It’s the best possible legacy item,” said one former senior administration official. “The elections in 2008 and 2012 were all about the economy and if the nation could bounce back after such terrible times. And look, it shows that, not only did we bounce back, but things are going to an even better place, one where a potential predecessor could build a foundation.”
On Wednesday, the Commerce Department said the economy grew at a 4 percent annual rate in the second quarter. The report also included revised figures for 2013 that showed much stronger growth at the end of last year.
In the final three months of 2013, the economy expanded at a 3.5 percent rate, up from the previous estimate of 2.6 percent. And in the third quarter, growth was revised to 4.5 percent from 4.1 percent.
Hours after the report was released, Obama adopted a confident and fiery tone while making remarks on the economy.
For much of his speech in Kansas City, Mo., he ticked off the nation’s economic successes. Since he took over at the helm, millions of new jobs have been added, he said.
“Manufacturing is back,” he said. And “our energy, our technology, our auto industries, they’re all booming.”
Time and again, he recalled where the nation stood at the height of the financial crisis when he entered the Oval Office at the beginning of 2009.
“The crisis that hit near the end of my campaign back in 2008, it would end up costing millions of Americans their jobs, their homes, their sense of security,” Obama told the packed crowd at a theater in the Show Me State. “But we have fought back. We have got back on our feet. We have dusted ourselves off.”