Obama: In 2008 ‘the Economy Was Teetering on the Edge of a Great Depression’

Posted on 11/2/2016 3:55 PM in Politics


“So you may not remember exactly where we were as a country when I visited Raleigh in the final days of the 2008 campaign. We were living through two long wars. We were in the early days of the worst economic crisis in 80 years. People had lost their homes, their jobs, their 401k’s had that crash, their home values were sinking. The economy was teetering on the edge of a Great Depression, but we turned the page. We have seen America battle back. Last year incomes rose faster than any time since at least 1968. Poverty fell at the fastest rate since at least 1968. Businesses turned job losses into 15 million new jobs. 20 million more people have health insurance that didn’t have it before. We kicked our addiction to foreign oil, doubled our protection of renewable energy, became the world’s leader in fighting climate change, brought home more of our men and women in uniform, took out Osama bin Laden, made sure that in all 50 states people have the freedom to marry who they love. We did that!”

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