Obama’s Two Terms — Oh, How We Suffered…

by | Feb 13, 2021 | Money and Politics

Obama’s Two Terms — Oh, How We Suffered…

by | Feb 13, 2021 | Money and Politics

by John Bornsworth

“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.
  • While we remain vulnerable to lone-wolf attacks, no foreign terrorist organization has successfully executed a mass attack here since 9/11.
  • Obama ordered the raid that killed Osama Bin Laden.
  • He drew down the number of troops from 180,000 in Iraq and Afghanistan to just 15,000, and increased funding for the Department of Veterans Affairs.
  • He launched a program called Opening Doors which, since 2010, has led to a 47 percent decline in the number of homeless veterans.
  • He set a record 73 straight months of private-sector job growth.
  • Due to Obama’s regulatory policies, greenhouse gas emissions decreased by 12%, production of renewable energy more than doubled, and our dependence on foreign oil was cut in half.
  • He signed The Lilly Ledbetter Act, making it easier for women to sue employers for unequal pay.
  • His Omnibus Public Lands Management Act designated more than 2 million acres as wilderness, creating thousands of miles of trails and protecting over 1,000 miles of rivers.
  • He reduced the federal deficit from 9.8 percent of GDP in 2009 to 3.2 percent in 2016.
  • For all the inadequacies of the Affordable Care Act, we seem to have forgotten that, before the ACA, you could be denied coverage for a pre-existing condition and kids could not stay on their parents’ policies up to age 26.
  • Obama approved a $14.5 billion system to rebuild the levees in New Orleans.
    All this, even as our own Mitch McConnell famously asserted that his singular mission would be to block anything President Obama tried to do.
  • While Obama failed on his campaign pledge to close the prison at Guantanamo Bay, that prison’s population decreased from 242 to around 50.
  • He expanded funding for embryonic stem cell research, supporting groundbreaking advancement in areas like spinal injury treatment and cancer.
    Credit card companies can no longer charge hidden fees or raise interest rates without advance notice.
  • Most years, Obama threw a 4th of July party for military families. He held babies, played games with children, served barbecue, and led the singing of “Happy Birthday” to his daughter Malia, who was born on July 4.
  • Welfare spending is down: for every 100 poor families, just 24 receive cash assistance, compared with 64 in 1996.
  • Obama comforted families and communities following more than a dozen mass shootings. After Sandy Hook, he said, “The majority of those who died today were children, beautiful little kids between the ages of 5 and 10 years old.”
  • Yet, he never took away anyone’s guns.
  • He sang Amazing Grace, spontaneously, at the altar.
  • He was the first president since Eisenhower to serve two terms without personal or political scandal.
  • He was awarded the Nobel Peace Prize.

President Obama was not perfect, as no man and no president is, and you can certainly disagree with his political ideologies. But to say we suffered? If that’s the argument, if this is how we suffered for 8 years under Barack Obama, I have one wish: may we be so fortunate as to suffer 8 more.”

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