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The Economy: Obama on the Record--PICTURES The Economy: Obama on the Record--PICTURES

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The Trail: 2012 Presidential News from the Field / campaign 2012

The Economy: Obama on the Record--PICTURES

May 1, 2012

Here's part of President Obama's record on economic issues: 

Obama—Auto Industry: Although President Bush kick-started the bailout with an initial infusion of money, Obama implemented long-term reforms that turned the industry around.

Obama—Housing: A desire to insulate the financial sector and avoid political risk kept the Obama administration from truly tackling the housing crisis, which still dogs the country’s economic recovery.(AP Photo/David Zalubowski)

Jobs: The economy lost nearly 4.2 million nonfarm jobs during Obama’s first year. Since then, payrolls have grown by 6.2 million. The private sector added 4.1 million jobs over the past 25 months, but the unemployment rate remains at 8.2 percent.(AP Photo/Paul Sakuma)

 

Obama—Income Inequality: Early data suggest that income inequality grew more under Obama than Bush. The top 1 percent of earners made 65 cents for every dollar created from 2002 to 2007. They made 93 cents during the 2009-10 recovery.(AP Photo/Jae C. Hong)

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