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His Legacy :The good and not so good of Barack Obama's Era - Alldamoney

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His Legacy :The good and not so good of Barack Obama's Era



WASHINGTON ― Obama will deliver his farewell address today in Chicago, thereby giving way for pundits to review his record in the eight years he's been in office.


Highlights on his Economic Policies and Achievements


Obama’s policies helped lift the American economy and world in general out of a frightening slump to a path of growth. The scale of the financial panic of 2008 and the extent of the job losses that occurred in the first months of 2009 should never be forgotten, as he's leaving office the unemployment rate is at 4.7 per cent, and average hourly wages were almost three per cent higher than they had been earlier.
Obama's economic recovery is one of the longest on record at seven and a half years long, while the rate of expansion has been relatively modest In terms of annual G.D.P growth, since 2010, G.D.P has raised by about 2.1 per cent a year. Compared to the Bill Clinton recovery (1992-2000), G.D.P growth averaged 3.8 per cent a year, and George W. Bush recovery (2002-2007), it averaged 2.7 per cent.

Another milestone of his achievement is the Obamacare. The 2010 healthcare reform amounted to perhaps the biggest effort to tackle inequality since the nineteen-sixties in addition to decreasing the percentage of Americans who don’t have health coverage.
According to the Bureau of Labor Statistics, in 1972 the average hourly wage of non-managers and production workers was $9.26, measured in constant (or inflation-adjusted) dollars. In October, 2016, the hourly wage was $9.20. Over forty-four years, the hourly wages of ordinary workers haven’t risen at all rather they’ve actually fallen a bit. This means that although ordinary Americans are finally getting raises, that haven’t made much of a dent in the long-term trend of stagnation.
Then, there’s the productivity slowdown. Productivity is the ultimate yardstick of international competitiveness. It determines not only a nation's standard of living but also status in the world. A reigning superpower has always been the global productivity leader.This problem goes back decades, but in the past ten years or so it has become more pressing. Between 1995 and 2005, output per worker rose at an annual rate.
Highlights on his Foreign policies and Achievements
It is  ironic that Obama  elected twice on his  promises  of ending wars in the Middle East has at the end of his presidency reproduced, the very same situation he inherited.an escalating war against a terrorist enemy, with no geographic boundaries, no clear military or strategic objectives, and no principles or policies that might stop the slide down.
Throughout his tenure, the outgoing president stuck to the notion that diplomatic victories can be achieved by toning down U.S. militarism and overreaction which resulted in the progress made on America’s relationship with Iran, Cuba and Myanmar, and the peaceful transfer of hundreds of detainees from the Guantanamo Bay detention facility to other countries.
While he believed diplomacy is the key to solving most of the world’s problems, he also felt it would never be effective without a signal that the U.S. would act as if those on the other side of the table deliberately keep stalling diplomatic efforts.
He reduced the risk of a fresh war or nuclear arms race in a turbulent region and curbed nuclear proliferation in general by using financial sanctions and direct diplomacy rather than sabre-rattlings, with these tactics Obama secured agreements that experts and skeptics agreed was powerful, historic such as the Iran’s nuclear ambitions.
This approach allowed the U.S to reach important compromises by acknowledging others’ goals as valid and identifying where those nations could have mutual interests with Washington. He wooed China successfully to become a top backer of the Paris climate deal, for instance, and developed tacit coordination with Iran to battle the vicious Islamic State group and support the shaky but essential central government in Iraq.
And in Europe, he pushed NATO partners to beefed-up border security with Russia, mostly while prodding the European Union to do more, including maintaining unity behind German in the face of their financial crisis also upholding EU sanctions on Russia for its 2014 invasion of Ukraine to show that there are consequences for actions like that.
But this approach comes with major costs America's’ refusal to commit itself militarily left void mostly filled by countries who used America's inaction to torment and kill it citizens.
Syria for example, After he decided not to hit Assad in retribution for his chemical attack on more than 1,000 civilians in 2013, the president forged a deal with Moscow over the dictator’s chemical weapons stockpile .Once the rebels’ success against Assad threatened his regime, Russia came to his aid in 2015, all is now history ad Assad’s won the war and Russia taken the prize.
Most pundits think Obama’s Middle East strategy lacked strategic vision, his leadership in the Middle East has been found wanting, when judged against the high expectations his famous speech raised to the Islamic World in June 2009 from Cairo.
He talked about ushering in a “new beginning” with the Islamic World, and helping Arabs who rebelled against despots. While ending America’s wars in the region, achieving Arab-Israeli peace in his first term, engaging Iran and Syria.
Rather the region got an ongoing civil war in Libya, the festering Palestinian-Israeli conflict, the stifling of democracy movements, a deepening rift in U.S. relations with the governments in Egypt and Saudi Arabia, and a political and military disaster in Syria.type/full


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