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

3 years 5 months 5 days ago September 19, 2013 Sep 19, 2013 Thursday, September 19 2013 Thursday, September 19, 2013 4:36:00 PM CDT in News
By: Crystall Cho, KOMU 8 Reporter
Embed Code Copied

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 - A Moberly woman was charged Tuesday in Boone County for abusing a 12-year-old Columbia boy. Stacey Robertson,... More >>
1 hour ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 10:23:00 PM CST in News
MONITEAU COUNTY – The Moniteau County Sheriff's Office arrested 10 people during a drug bust Wednesday. The sheriff's office... More >>
3 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 8:19:00 PM CST in News
WENTZVILLE (AP) — Police in the east ern Missouri to wn of Wentzville are investigating after a woman working inside... More >>
4 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 7:23:00 PM CST in News
COLUMBIA - Gov. Eric Greitens plans to put $11 million back into school transportation and $41 million back into home... More >>
5 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 6:44:00 PM CST in News
NEW FRANKLIN - President Donald Trump reversed President Barack Obama's directive on transgender students being able to use the bathroom... More >>
5 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 6:36:00 PM CST in News
FULTON - Drive down memory lane to Fulton's Auto World Museum and transport yourself through the decades. Bill Backer,... More >>
7 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 4:07:47 PM CST in News
JEFFERSON CITY (AP) — Missouri House members have passed a bill to reduce the duration of state jobless benefits to... More >>
8 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 3:51:43 PM CST in News
COLUMBIA - The Columbia man accused of plotting a terror attack with people he believed were members of ISIS was... More >>
8 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 3:47:00 PM CST in News
JEFFERSON CITY (AP) — A new ordinance in St. Louis prohibits discrimination based on "reproductive health decisions." It's an effort... More >>
9 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 2:47:00 PM CST in News
JEFFERSON CITY – The investigatory subcommittee created to examine harassment and hostile working conditions in Missouri’s prisons heard from two... More >>
9 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 2:45:00 PM CST in News
COLUMBIA - A Columbia man is fighting the Hershey Company in federal court for allegedly under-filling two of its candy... More >>
9 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 2:03:00 PM CST in Top Stories
JEFFERSON CITY (AP) — Missouri's GOP legislative leaders say it should be up to schools to decide how to handle... More >>
10 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 1:40:00 PM CST in News
JEFFERSON CITY (AP) — Missouri Gov. Eric Greitens is largely reversing his proposed cut to in-home care services for low-income... More >>
11 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 12:57:00 PM CST in News
WENTZVILLE (AP) — Police in the eastern Missouri town of Wentzville are investigating after a woman working inside the General... More >>
12 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 11:11:00 AM CST in News
COLUMBIA - In a partnership with Kickstarter, the True/False Film Festival has introduced a childcare initiative to provide support for... More >>
13 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 10:15:00 AM CST in News
HANNIBAL (AP) — Thirteen people from Missouri and Illinois face federal charges for allegedly conspiring to distribute cocaine and other... More >>
14 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 9:59:00 AM CST in News
CLAYTON (AP) — A St. Louis County man has been found guilty of looting a Foot Locker store during riots... More >>
16 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 7:47:00 AM CST in Continuous News
ST. LOUIS (AP) — St. Louis police have identified the man killed by an officer after allegedly shooting at police... More >>
16 hours ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 7:45:18 AM CST in Continuous News
Columbia, MO
Broken Clouds 63°
12am 62°
1am 62°
2am 62°
3am 61°

Select a station to view its upcoming schedule:

Coming Up Next

11:37p
Late Night with Seth Meyers
12:37a
Last Call with Carson Daly
1:07a
The Insider
11:30p
Rules of Engagement
12:00a
Raising Hope
12:30a
Cheaters

Tonight's Schedule

7:00p
Superstore
7:30p
Powerless
8:00p
The Blacklist
9:00p
The Blacklist: Redemption
7:00p
Supernatural
8:00p
Riverdale
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld