On President Barack Obama’s Inauguration Day in 2009, the Dow Jones Industrial Average was 7,949. The financial industry was in crisis, the housing market was in a free fall and the unemployment rate rose to 10 percent in 2009. General Motors filed for Chapter 11 bankruptcy in June.
After eight years of Obama’s strong, steady leadership, the Dow stands at 18,400, an incredible 225 percent increase. How’s your 401(k) doing?
The unemployment rate is less than half of the 2009 rate. And a revitalized General Motors showed record profits of $9 billion in 2015. All of this was accomplished despite the obstructionism of Sen. Mitch McConnell and other Republicans.
Under President Bill Clinton, economic growth averaged an astounding 4 percent per year and 22.5 million jobs were created. The Dow rose from 3,200 to 10,800, before President George W. Bush stole the election, declared war on a nation that had not harmed or threatened us, and drove the economy into the sewer.
The Democratic Party is the party of peace and economic prosperity. Hillary Clinton, Jim Gray and Nancy Jo Kemper will continue prosperity for all Americans.