![\"barack](\"http:\/\/static.businessinsider.com\/image\/4ae60b0500000000004dfa82\/barack-obama-president.jpg\")
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It’s safe to say that the Obama administration hit a new low this week, which happened to coincide with the one-year anniversary of his Presidency.<\/p>\n
In a few days he saw his most important policy goal (healthcare) killed by a stunning election in Massachusetts, and he may not even be able to get his Federal Reserve Chairman Ben Bernanke re-confirmed. Obama’s poll numbers are terrible.<\/p>\n
The bad poll numbers (and Massachusetts) forced Obama to pivot hard against Wall Street, which may have tanked the market, with the week ending on a three-day string of triple-digit losses on the Dow.<\/p>\n
So how did it come to this?<\/p>\n
At some point Obama stopped focusing on jobs. After passing the initial stimulus (just a few weeks after his inauguration) he’s basically gone a year of watching the unemployment rate go up and not doing anything about it.<\/p>\n
Instead, he spent most of the summer and the fall working on an unpopular, ill-explained healthcare bill, and all he has to show for it is a severely weakened Democratic party (they’re even freaking out in California).<\/p>\n
Now he has to compensate by undoing the pro-Wall Street policies he started off with (which may be great), but it means another distraction that doesn’t have anything to do with jobs.<\/p>\n
And as long as unemployment is growing, his popularity will remain in the toilet.<\/p>\n
Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n It’s safe to say that the Obama administration hit a new low this week, which happened to coincide with the one-year anniversary of his Presidency. In a few days he saw his most important policy goal (healthcare) killed by a stunning election in Massachusetts, and he may not even be able to get his Federal […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-216160","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/216160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=216160"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/216160\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=216160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=216160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=216160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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