Barack Obama has been President of the United States for 2 weeks and 2 days. He did not create this economic crisis; he inherited this economic crisis. This economic crisis we face in this country has brought down growth of our gross domestic product, which is the measurement of the value of all goods and services in the United States, to the lowest point of growth in 25 years. Did Barack Obama create that? No, he inherited that. We know we have lost jobs, dramatic losses of jobs--500,000 in December, 600,000 in January. I do not know where this will end. Did Barack Obama create that situation? No, he inherited that situation. What led us to this point? Well, there are a litany of things to which you can point. Some of it goes back to the failed policies of the previous administration.
Editor's note · Context
Responding to criticism of President Obama's handling of the economic crisis during Senate floor debate.
Share
More from Dick Durbin
The American Red Cross declared a national blood supply crisis in the U.S. last month for just the second time ever, which has impacted patients’ ability to be treated for illnesses or undergo surgery.
The Trump administration has not provided transparency into the use of federal funds for the East Wing project, and they have limited congressional oversight, meaningful public input, and adherence to established federal processes.
Today’s news is devastating for the 2,500 skilled union workers impacted by the closure of the Tyson plant in Joslin, especially at a time when American families are struggling with the rising cost of living.
It’s great to be here at the EBC to celebrate the good, impactful work that is at the core of this center’s mission.





