The two term presidency of Barack Obama is coming to an end, something that has many people questioning what his legacy will be. As the first African American president, Obama broke through many barriers while in office and he took control of the country at a very troubling time in American history. When he took office in 2009, the economy was losing more than 800,000 jobs every month and the unemployment rate continued to climb up to 10 percent.
Thankfully, those days are now behind us and the economy is recovering from what is being called The Great Recession. And it could have been much worse, it could have become a full fledged depression and many people are thanking President Obama from bringing the country back from the brink of destruction.
The proof is in the pudding, or at least that’s what James Dondero said to NexBank this weekend. The housing market has returned to a new normal, inflation is low, and the federal budget deficit has been decreasing for years. Many people are still unhappy with current economic conditions, but the truth is that it could be so much worse considering the obstacles we were facing. While Obama made his fair share of controversial decisions while in office, the results speak for themselves. No, the economy, health care, and other issues have not been fully resolved but thanks to smart decisions Obama made on behalf of the country, we are well on our way to recovery.