A Quote by Ron Fournier
Historians will likely give Obama credit for steering the country away from the brink of economic collapse in 2009.
Related Quotes
When historians look at the Obama presidency, they're likely to credit him especially for doing the politically unpopular things that were needed in 2009 to salvage the financial wreckage.
Beside the two wars he inherited in Iraq and Afghanistan, and promised to end, a financial crisis at home had pushed the United States to the brink of another Great Depression. When we spoke with the new president in March of 2009, the economy was losing 800,000 jobs a month, the government was throwing hundreds of billions of dollars at failing banks, and the auto industry was on the verge of collapse. Politically pummeled from all sides, Obama did his best to keep a sense of humor.
The middle class is teetering on the brink of collapse just as surely as AIG was in the fall of 2009 - only this time, it's not just one giant insurance company (and its banking counterparties) facing disaster, it's tens of millions of hardworking Americans who played by the rules.
No civilization on the brink of collapse has ever changed fast enough to avert collapse.
The Obama damage is two-fold. First, his success relied on a coalition that likely will not survive, or at least survive at full strength, without Obama himself on the ticket. Secondly, Obama drove a significant portion of white voters away from the Democratic Party.
The economy and its dismal status is the result of policy decisions that Obama has made and put into place. It's not the quirk of fate. It's not that America's best days are over. It's not that America's past was a fad or a quirk. It's not that the great economic days of the eighties were illegitimate or unreal. It's not that this is the new normal. It's not that all of the greatness in the past was undeserved. It is precisely because of Obama policies implemented since 2009 that this country is in the shape it's in.
The Tucson speech [of Barack Obama] was brilliant, and I'm so angry at Republicans for jumping on him because you have to give credit. Part of being successful is to give credit to people who you may not disagree with when they do well.
Trump has benefitted indirectly from a strong belief of evangelicals that the two terms of Barack Obama has led the country to the brink of destruction. Obama was bad enough in their eyes; having the Clintons back in the White House would be the end.
Perhaps the biggest economic shift during Obama's presidency came from a piece of legislation that wasn't sold as such. On March 21, 2010, Congress passed the Affordable Care Act, better known as Obamacare. It was Obama's boldest piece of legislation and the one that will most likely define him.
In his first year in office, President Obama pulled us back from the brink of the greatest economic crisis since the Great Depression and worked to lay a new foundation for economic growth. The president identified three key strategies to build that lasting prosperity: innovation, investment, and education.
I come from a country in which I experienced economic collapse.
If you take the credit, you lose it. If you give away the credit, it comes back multiplied.
With the likely nominations of Barack Obama by the Democrats and John McCain by the Republicans, one of these two parties is headed for a 2009 crack-up that could prove as messy as any party civil war in recent history.
Millennials - who will soon be a full one-third of American adults - may be especially ready to become engaged in politics with a candidate who wants to give them a government that will leave them alone and get its finances in order so that they don't inherit an economic collapse.
The plague did not lead to Europe’s economic collapse. Rather, Europe’s currency-driven economic collapse led to the plague.
I give away about 50 percent of my income, so my, you know, desire to give back to the country is pretty strong and I intend to give away a lot more. I've signed the giving pledge with Warren Buffett and Bill Gates, and I intend to give away the bulk of my money.
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