The United States had to face the brunt of the economic slowdown twice in 2008 and 2010 but Obama has still managed to maintain some amount of growth rate, and has even created some more jobs but overall, it seems he has failed to win the hearts and minds of many voters.
The latest new York Times/ CBS News poll conducted in May this year had shown Mitt Romney holding a narrow three-point advanatge over Obama among registered voters and what is the issue of voters with the incumbent? The survey has an answer: 62 per cent registered voters, according to Forbes cited the economy as the most important issue in the presidential elections and about two-thirds of voters still believe that the economy is in a bad shape.
The economic recovery, according to the paper, is anaemic, growth is 2.5% or less and unemployment takes a massive toll at 8.3% - indicating that incumbent has no panacea for these problems – contrary to the hope and change Obama promised during the 2008 election campaign.
Castigating the president's claims that 3 million jobs have been created since 2010, The Market Oracle claims that 20% of those employed are part-time workers with no benefits. “In 2008, prior to the ascendency of Obama, there were 125 million full-time workers and 20 million part-time workers. Obama has been able to increase the percentage of part-time workers from 14% to 20% in just over 3 years,” the market forecasting website claims. It adds that out of the 142.1 million employed Americans, only 114 million work more than 35 hours per week, with 28.4 million workig part-time.
Though the conditions for the incumbent are not ideal but there are some commentators who believe that his hands are tied as well. As the commentators put it, "Obama is working in a very constrained political environment. The country is split 50-50".
There are also voters who believe that Obama has restored the image of the US in the international spectrum, and the arguments they offer is that the president withdrew from Iraq and is preparing to withdraw from Afghanistan as well unlike his predecessor George Bush who kept 'invading countried for no reason'.
Healthcare reforms is something Obama could win a large voters for as many presidents had promised to make these reforms but everyone had just failed. By making healthcare affordable even to the small businesses, Obama would have managed to rule the hearts of many voters.