Five Years After Obama Took Office, Citizens Weigh in on Economy

2 years ago September 19, 2013 Sep 19, 2013 Thursday, September 19 2013 Thursday, September 19, 2013 4:36:49 PM CDT in News
By: Crystall Cho, KOMU 8 Reporter

COLUMBIA - President Barack Obama is expected to give a speech Friday at a Ford Motor Co. facility near Kansas City.

After five years in office, the President will talk about the 2008 financial crisis and where we now stand.

KOMU 8 News wanted to find out how people in mid-Missouri feel about the current U.S. economy.

University of Missouri's economics professor Christopher Otrok has studied the economy for more than 10 years.

"It's a mixed bag, because there's certainly positive things in the recovery," Otrok said. "The Federal Reserve did a pretty effective job at sort of mitigating how bad the crisis could have been. Unemployment, on the other hand, declined in recent years, but it's still very high by historical standards."

Otrok said economic uncertainty still exists, and political reform is needed.

"These are uncertainties we're putting upon ourselves actually for no good reason, and that damages the economy as well," Otrok said. "There has to be some political reform to bring stability to the economy so we can grow faster. If that happens, then I think we can see, sustain growth going forward because if you look at the world in general, a lot of countries are growing more rapidly."

Columbia resident Mose Gingerich doesn't think our economy on the national level has improved in the past five years.

"I don't think our economy has taken a significant turn for the worst, but I definitely don't think that it's taken a huge climb for the better as well," Gingerich said. "No serious steps in the right direction, but I think it's just maintaining, which is not bad."

Gingerich said he doesn't agree with so much economic stimulus spending.

"A lot of money getting spent on and it seems like it's coming out of me, as a middle class person, coming out of my pocket, and which we're the majority," Gingerich said. "Me as the U.S. citizen and the middle class person, doesn't seem like we have a lot of say-so as to where that money goes to."

Mike Brooks, the president of Regional Economic Development Inc., said Columbia's economy is improving.

"Veterans United is a project that would illustrate that if somebody is interested, because they added over 1,000 jobs in the last 10 years," Brooks said. "Are we doing the things necessary? I think Columbia is doing a very good job."

An USA Today article states, "the White House said Obama will discuss the progress we have made to grow the economy and create 7.5 million private sector jobs, and highlight the work we still need to do to strengthen the middle class and those fighting to get into it."

KOMU 8 News will have team coverage of Obama's speech Friday beginning on KOMU 8 News Today.

More News

Grid
List
COLUMBIA- The United States Supreme Court froze plans that would set strict limits on carbon emissions in each state. ... More >>
11 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 7:08:42 PM CST in Continuous News
BRIDGETON (AP) — St. Louis County Health Department says workers will conduct a health survey of respiratory ailments near the... More >>
12 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 6:43:26 PM CST in Continuous News
SPRINGFIELD (AP) — Authorities say a man has been charged with fatally shooting his girlfriend in southwest Missouri. Thirty-seven-year-old... More >>
12 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 6:39:55 PM CST in Continuous News
COLUMBIA (AP) — An appeals court has reversed a judge's decision ordering the reinstatement of a fired Columbia police officer.... More >>
12 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 6:28:16 PM CST in Continuous News
KENNETT (AP) — Musician Sheryl Crow has surprised teachers at her former southeast Missouri high school with a $21,600 donation.... More >>
12 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 6:21:44 PM CST in Continuous News
JEFFERSON CITY (AP) — A House committee has approved a bill that would require Missouri high school students to pass... More >>
12 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 6:04:58 PM CST in Continuous News
COLUMBIA – Boone County has its first and only four-wheel drive ambulance, and officials said people in need of emergency... More >>
2 weeks ago January 24, 2016 Jan 24, 2016 Sunday, January 24 2016 Sunday, January 24, 2016 2:00:38 PM CST in Continuous News
CAMDENTON - The cause of a fire to a 14,000 square foot, four-story mansion on Castleview Road Tuesday afternoon is... More >>
13 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 5:10:55 PM CST in Continuous News
FARMINGTON (AP) — An eastern Missouri man has been acquitted of charges that he fatally shot a man in the... More >>
14 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 4:55:04 PM CST in Continuous News
JEFFERSON CITY (AP) — Missouri lawmakers are taking action to block a health department rule that would increase wages for... More >>
14 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 4:40:52 PM CST in Continuous News
JEFFERSON CITY (AP) — Doctors could charge Medicaid patients a fee for missing appointments under a bill that has won... More >>
14 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 4:18:12 PM CST in Continuous News
JEFFERSON CITY - A Senate committee heard a bill today that would require youth and adult offenders be separated in... More >>
14 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 4:17:04 PM CST in Continuous News
COLUMBIA - Tourists spent more money in Boone County last year than ever before. Tourism brought in almost $396 million... More >>
14 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 4:08:27 PM CST in News
JEFFERSON CITY - The Missouri Public Service Commission approved an agreement Wednesday afternoon that will enact energy efficiency programs under... More >>
15 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 3:53:55 PM CST in Continuous News
COLUMBIA - Columbia police have confirmed an individual has been hospitalized after allegedly shooting themselves by accident. Police say... More >>
15 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 3:24:29 PM CST in Continuous News
IRONTON (AP) — Authorities say a missing 3-year-old southeast Missouri boy whose parents feared he had wandered away has been... More >>
16 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 2:46:28 PM CST in Continuous News
JEFFERSON CITY - A bipartisan effort to increase land-grant funding for Lincoln University in the upcoming fiscal year is being... More >>
16 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 2:00:48 PM CST in Continuous News
JEFFERSON CITY - The IRS office in Jefferson City remained closed Wednesday because it's only employee is away at training.... More >>
16 hours ago February 10, 2016 Feb 10, 2016 Wednesday, February 10 2016 Wednesday, February 10, 2016 1:59:37 PM CST in Continuous News
Interactive Radar Columbia, MO
Broken Clouds 21°
7am 22°
8am 22°
9am 24°
10am 24°

Select a station to view its upcoming schedule:

Coming Up Next

6:00 am
KOMU 8 News Today
7:00 am
Today
11:00 am
Rachael Ray
6:30 am
Are We There Yet?
7:00 am
Intelligence for Your Life
7:30 am
Cops Reloaded

Tonight's Schedule

7:00 pm
You, Me and the Apocalypse
8:00 pm
The Blacklist
9:00 pm
Shades of Blue
7:00 pm
DC's Legends of Tomorrow
8:00 pm
The 100
9:00 pm
KOMU 8 News @ Nine on The CW
9:30 pm
Seinfeld