Yes, President Barack Obama Did That!
Barack Obama was voted into office as President just as the great recession of 2008 was kicking into high gear. He inherited a huge deficit and banking crisis, while millions of Americans were at the same time suffering sudden job losses.
His early experience as a young lawyer helping struggling families in his local community translated to his work as President on behalf of ALL the people as follows:
- Reversed millions of job losses within just three months of his inauguration, created positive job growth within 13 months, and sustained positive job growth over the next 31 months to create a net gain of 5.2 million new private sector jobs during his first term.
- Rescued the Auto Industry and revived US manufacturing in general, generating half a million manufacturing jobs alone.
- Eliminated tax breaks for companies that ship jobs overseas, and created incentives for businesses to bring jobs back to America.
- Passed Wall Street reform to make sure that Americans would never again have to pay to bail out big banks.
(bullet points quoted/derived from one or all of the following: Signature Accomplishments of the Obama Administration
, and WhiteHouse.gov
- by Laura