Is The U.S. Economy Better Off After President Obama?
President Obama inherited an economy in free fall after a major global recession. So as he leaves office, what will be his economic legacy?
When President Barack Obama took office in January of 2009, the world economy was still recovering from a global financial crisis. The United States, in particular, had been shattered by the subprime mortgage bubble. This period was considered the worst global recession since WWII.
Just that month, nearly 600,000 jobs were cut by employers in the US, with an unemployment rate of more than 7.5%. Almost nine million jobs were lost in total from the recession.
How did Obama's administration shape the global and national economy over the last eight years? Watch today's Seeker Daily to find out.