Triggering reaction from wall street to main street. All wiped out about 700 billion from retirement plans, government pension funds, and other investment portfolios. Just months later, barack obama was inaugurated president , facing the worst economic crisis in decades. We are dealing with something we havent dealt with for a long time. And no one knows that better than barack obama. And he goes into the white house tomorrow morning to try to do something about it. That day, in his first inaugural, the president addressed the nations fears. Today, i say to you that the changes we face are real. They are serious and they are many. They will not be met easily or in a short span of time. But know this, america, they will be met. It hasnt been easy, but since those dark days at the end of the bush administration, the economy has made clear progress under president obama. A month after the crash, the Unemployment Rate under president bush jumped to 10 . Today its 7. 3 and falling. At the e
0 into recovery have the arrogance to turn around and start calling people names? look, i would suggest, i would back up even from the social safety net because the first attack on government and the one that absolutely has made this recovery so much slower and so much more unequal is at the state level, the attack on public sector jobs. so what we saw is 2008 to o 2009 to about halfway through 2010 with democrats in control of both the house the senate and the white house, we started to see real motion as jared was just talking about in terms of making recovery particularly in the private sector. that recovery has continued to grow over the course of the first and now second obama administration. but where we saw the slowdown start to happen was after 2011, after the midterms elections in 2010 brought in all the republican state legislators and denies they started shedding jobs, the jobs that people were working, government jobs which decent jobs, they will always take them. and t