On the recordMarch 5, 2019
when I hear my friend from South Dakota describe the state of the economy, it is amazing how political amnesia can take over on the floor of the Senate Chamber. Do you remember the election of 2008 when Barack Obama was elected President of the United States? Was there anything going on with the economy when he took office? Oh, something that the Senator failed to mention--our country was facing the one of the worst recessions in the history of the United States. You had to go back to the Great Depression to see the impact of this recession on the American economy, and it happened under a Republican President--George W. Bush. President Obama inherited that, and most people will never forget it because in 2008 and 2009, many people saw their savings devastated by the drop in value in the stock market. They saw this economy teetering on the edge and financial institutions failing. This all happened on President George W. Bush's watch. President Obama inherited it and had to turn it around--without the cooperation of the Republican Party, I might add. A handful of them stepped up to join him in a bipartisan effort, but most of them opposed him. He did everything he needed to do to save this economy and then started turning it around with job creation--unprecedented job creation--throughout the 8 years of his term.…





