8 Years of Suffering Under Barack Obama - Teri’s Public Library
The sentence I hear most from well-meaning, conservative friends since President Trump’s election is this: “We suffered 8 years under Barack Obama.”
Fair enough. Let’s take a look.
The day Obama took office, the Dow closed at 7,949 points. Eight years later, the Dow had almost tripled.
General Motors and Chrysler were on the brink of bankruptcy, with Ford not far behind, and their failure, along with their supply chains, would have meant the loss of millions of jobs. Obama pushed through a controversial, $8o billion bailout to save the car industry. The U.S. car industry survived, started making money again, and the entire $80 billion was paid back, with interest.
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