Obama speaking at Knox College:
Now, today, five years after the start of that Great Recession, America has fought its way back. We’ve fought our way back. (Cheers, applause.) Together we saved the auto industry, took on a broken health care system. (Cheers, applause.) We invested in new American technologies to reverse our addiction to foreign oil. We doubled wind and solar power. (Cheers, applause.)
Together we put in place tough new rules on big banks and protections to crack down on the worst practices of mortgage lenders and credit card companies. (Applause.) We changed a tax code too skewed in favor of the wealthiest at the expense of working families. So we changed that. We locked in tax cuts for 98 percent of Americans, and we asked those at the top to pay a little bit more. (Applause.)
So you add it all up, and over the past 40 months our businesses have created 7.2 million new jobs. This year we’re off to our strongest private sector job growth since 1999. And because we bet on this country, suddenly foreign companies are too. Right now more — more of Honda’s cars are made in America than anyplace else on Earth. (Applause.) Yeah. Airbus, the — the European aircraft company — they’re building new planes in Alabama. (Applause.) Then American companies like Ford are replacing outsourcing with insourcing. They’re bringing jobs back home. (Cheers, applause.)
We sell more products made in America to the rest of the world than ever before. We now produce more natural gas than any country on Earth. We’re about to produce more of our own oil than we buy from abroad for the first time in nearly 20 years. (Applause.) The cost of health care is growing at its slowest rate in 50 years. (Cheers, applause.)
And our deficits are falling at the fastest rate in 60 years. (Cheers, applause.)
All lies. Even PolitiFact skirts reality to list some of these as “technically” true and to give some “half-true” designations.
Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.
Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor and loss of good-paying manufacturing jobs as reasons for the trend.
The findings come as President Barack Obama tries to renew his administration’s emphasis on the economy, saying in recent speeches that his highest priority is to “rebuild ladders of opportunity” and reverse income inequality.
Hardship is particularly on the rise among whites, based on several measures. Pessimism among that racial group about their families’ economic futures has climbed to the highest point since at least 1987. In the most recent AP-GfK poll, 63 percent of whites called the economy “poor.”
“I think it’s going to get worse,” said Irene Salyers, 52, of Buchanan County, Va., a declining coal region in Appalachia. Married and divorced three times, Salyers now helps run a fruit and vegetable stand with her boyfriend, but it doesn’t generate much income. They live mostly off government disability checks.
There are two Americas…the one in Obama’s mind and the one the rest of us live in.