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

3 years 2 months 1 week 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

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 - Following the election of Donald Trump, some students gathered for what they called a "positivity event". KOMU sent... More >>
1 hour ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 7:05:00 PM CST in News
JEFFERSON CITY (AP) — Missouri lawmakers are proposing bills that would make attacking a law enforcement officer a hate crime.... More >>
3 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 4:51:13 PM CST in News
JEFFERSON CITY (AP) — Lawmakers are proposing bills that would make Missouri a right-to-work state. The Springfield News-Leader... More >>
3 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 4:46:41 PM CST in News
KANSAS CITY (AP) — A former Kansas City, Missouri, man has been sentenced to 15 years in prison for his... More >>
4 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 4:23:47 PM CST in News
JEFFERSON CITY - Gov. Nixon and his wife Georganne kicked off the holiday season in the state's capital with Friday's... More >>
4 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 3:36:00 PM CST in News
POPLAR BLUFF (AP) — A Missouri man who spent eight years behind bars for murder has been acquitted in a... More >>
5 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 3:26:56 PM CST in News
KANSAS CITY (AP) — Authorities said fireworks that were mistaken for gunshots led to a standoff near Rockhurst University. ... More >>
5 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 3:09:14 PM CST in News
ST. LOUIS (AP) — The former general manager of a suburban St. Louis car dealership is accused of defrauding the... More >>
5 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 3:05:38 PM CST in News
KANSAS CITY (AP) — The incoming president of the University of Missouri System and officials attending a welcoming ceremony in... More >>
5 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 3:00:15 PM CST in News
COLUMBIA - A $2,000 donation will help protect South Callaway residents from potentially deadly house fires. Safeco Insurance's Protecting... More >>
5 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 2:52:00 PM CST in News
JEFFERSON CITY - A Fulton woman has pleaded guilty to money-laundering related to distributing synthetic cannabinoids, or K2, at businesses... More >>
5 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 2:45:00 PM CST in News
COLUMBIA – The Columbia Housing Authority announced today the plan to renovate 90 units in the coming years. The... More >>
6 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 2:15:00 PM CST in News
KANSAS CITY (AP) — Authorities said a Kansas City man who stole a firearm from a homicide victim has been... More >>
6 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 2:01:43 PM CST in News
PARKVILLE (AP) - A campaign is underway to restore holiday decorations that were removed from trees along a suburban Kansas... More >>
6 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 1:56:25 PM CST in News
KANSAS CITY (AP) — A suburban St. Louis school system has shed an unaccredited label that had forced it to... More >>
6 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 1:49:07 PM CST in News
JEFFERSON CITY - On Friday, police identified one of the suspects in the October 31 homicide on Michigan Street. ... More >>
8 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 11:45:00 AM CST in News
BOONE COUNTY - Deputies arrested a man late Thursday night after he fled his van which then rolled into a... More >>
9 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 10:56:00 AM CST in News
CLAYTON (AP) — The son of former St. Louis County Executive Charlie Dooley has been sentenced to 23 years in... More >>
10 hours ago December 02, 2016 Dec 2, 2016 Friday, December 02 2016 Friday, December 02, 2016 10:29:34 AM CST in News
Columbia, MO
Broken Clouds 39°
9pm 35°
10pm 33°
11pm 33°
12am 32°

Select a station to view its upcoming schedule:

Coming Up Next

8:00p
Dateline NBC
10:00p
KOMU 8 News @ 10
10:35p
The Tonight Show Starring Jimmy Fallon
8:00p
Crazy Ex-Girlfriend
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld

Tonight's Schedule

7:00p
Caught on Camera with Nick Cannon
8:00p
Dateline NBC
7:00p
The Vampire Diaries
8:00p
Crazy Ex-Girlfriend
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld