The end of 2007 was the beginning of the most devastating recession since the Depression. During 2008, the year prior to Barack Obama being sworn into office, 2.6 million people lost their jobs, more than 2 million properties went into foreclosure and financial markets were down over 40%. The federal budget shortfall was $1.4 trillion.
The 2007-2009 recession would wipe out an estimated $19.2 trillion in household wealth from home equity and stock market investments, according to the Treasury Department. Over 8 million people lost their jobs, almost 9 million families lost their homes, over 170,000 businesses and over 500 banks failed.
Ignorance, amnesia or some degree of dementia could explain one being unaware of the striking difference in the economic conditions confronting President Obama when he was sworn into office on Jan. 20, 2009, versus what Trump faced on Jan. 20, 2017, when he was sworn into office. President Obama entered the White House during the depths of the worst economic disaster since the Great Depression. Trump entered the White House riding on the momentum of an economy that had recovered from the recession.
The year Trump was elected, according to FactCheck.org, the unemployment rate was below the historical norm of 5.6%. Job openings had more than doubled, 6 million jobs went unfilled and over 11 million Americans were rehired. Median household income was up 5.3%, and corporate profits were up 57%. The federal budget shortfall was $587 billion. Oil production was up 77%, and 15 million more Americans had health insurance. Home values were up, on average, $38,900 above pre-recession prices, and the median household income reached $59,039, the highest ever. The Dow was up 138% and Standard & Poor's 500-stock index was up 166% from their lows in 2009. With rising home and stock market investments, Americans regained more than the estimated $19.2 trillion lost during the recession.
Facts don't lie. However, choosing to ignore them or extenuating circumstances when expressing one's opinion to discredit the accomplishments of a former president while giving undue credit to the existing president is not just deplorable but comparable to Russia's attempt to undermine our democracy with propaganda.
You don't need Putin in the White House wishing you a Merry Christmas to see Russia's involvement in the 2016 presidential election. There were over 100 points of contact between numerous individuals in the Trump campaign and Russian government-linked individuals. To infer Trump knew nothing about those contacts after pleading for help from the Russians while campaigning is ludicrous.
Attempting to obstruct justice is not an “imaginary, uncommitted crime." It is a felony! It is Congress's constitutional duty to provide oversight of the president. Recently 729 former Federal Prosecutors from both political parties signed a letter asserting Trump would face multiple charges of obstructing justice if he were not president. It is time for individuals to think for themselves and stop parroting self-serving politicians and commentary news media so our country will continue to be a bastion of freedom.