The Legacy Of President Obama
Now that Barack Obama is no longer the President of the United States, it is time to look at the legacy of President Obama and see his place in history. He did many great things for the United States, and I hope that most people appreciate what he did for our country.
From an economic viewpoint, Obama was very strong. When he took over, the country was on the brink of a collapse. There were multiple straight quarters of negative GDP. When Obama took over, the December 2008 figure was -0.9%. The stock market had fallen to as low as 7,700. There was a major crisis in the financial, housing and automotive industries. He was forced to bail out these industries so that companies such as Citigroup did not go under. Upon Obama leaving office, the stock market had risen to almost 20,000. That equates to an annualized return of over 16%. The December 2016 GDP came in at 3.5%, a fantastic number for the United States. The unemployment rate was at 7.2% when Obama took over. When he left office, the rate was 4.7%.
Domestic Policies: Obama was the first President to finally get same sex marriage fully legalized in all 50 states. When he took over, only two states had this. Obama passed the Affordable Care Act, giving healthcare to 20 million uninsured Americans. It also allowed people with pre-existing conditions to get health insurance coverage. Unfortunately, the costs to these people have risen to extremely high numbers, so there will need to be some form to reform to this. Despite multiple mass shootings, Obama was unable to get any new gun laws passed.
Foreign Policies: When Obama took over, there was a war going on in two different places. He had to deal with troops in Iraq and troops in Afghanistan. One of his major things finding and killing Osama Bin Laden. He helped to coordinate this happening. It should be looked at as a great feat. Unfortunately, over the course of the years, a new terror group, ISIS has risen. There can be same blame to Obama for allowing ISIS to grow in power.
Overall rating: I would give President Obama an 8/10. The prosperity of the country under Obama gives him the most points, as well as gay marriage and killing Osama Bin Laden.
Ranking: I would put President Obama around 16-20 overall on the all-time Presidential rankings.