Tomorrow a
change in power takes place. My youngest
child has not known life without President Obama, my two others probably could
not recall an honest memory prior administrations.
Without
regard to winners or losers, to how much you liked or disliked President Obama,
he has been the president of all Americans for the last 8 years. He has not been perfect, and I lost hope
during parts of his presidency. But, it
is time to give thanks to him for leading us through a very tricky time in our
country's history. For that, credit is
due. President Obama took office on
January 20, 2009. The Dow Jones
Industrial Average was at 7,949.09.
Today (January 19, 2017), The Dow Jones Industrial Average closed at 19,732.40. In 8 years, the value of the stocks has risen
148%. That reflects solid real growth in
the economy.
Eight
years ago the unemployment rate was at 8%, it went over 10% in January 2010,
but has since fallen to 4.9%, amongst the lowest in the world. The GDP in 2008 was $14.72 trillion, but in
2016 rose to $18.56 trillion. The housing crisis has ebbed, and in fact we are
facing the reverse problem: our houses have become unaffordable for many. So, thanks in part to President Obama's
leadership, the country has come out of the great recession.
I commend
President Obama for using solid Keynesian economic principles: spend in times
of recession, and save in times of growth.
President Obama's stimulus package worked. While European countries tried austerity
measures, President Obama stuck to his guns and passed a huge spending
bill. The rest is history, The USA
recovered faster and further than the European countries. We have been the economic engine that has
brought the world from a huge financial meltdown.
President
Obama has been committed to his oath of office.
He and his wife are a credit to the office; not a single moral or ethics
scandal tarnished him or his cabinet. (I do not include the email and Libya
debacle as either moral or ethical, but rather lapses of judgment; I accept
that this is open to debate). Even
Congressman Paul Ryan said on January 19, 2017 that President Obama was a good
man, they enjoyed talking sports, and commended President Obama on making it
through the presidency without the tarnish of other Presidents.
Certainly,
many will argue that our stature abroad has been diminished over the last eight
years. They will argue that we have put
a wedge between us and our ally Israel.
Mr. Ryan was very critical of President Obama's foreign policy during
his presidency. Time will of course
tell, but President Obama inherited two wars, plus the war on terrorism. I won't argue he has been perfect, or even
good, but he has tried to make the most of a bad situation.
I want to
take this moment and say thank you to President Obama for his commitment to
this country. He has left it a better
place than when he arrived.