Treasury Department confirms President Obama has fully turned around the U.S. economy

President Obama‘s seven year quest to salvage the U.S. economy from the damage done to it by his predecessor George W. Bush has been an overwhelming success, according to the United States Treasury Department. Obama took over as President at a time when the economy, stock market and banking system had collapsed and were on the verge of throwing the nation into a depression due to Bush’s failed policies. But Obama’s initiatives prevented that from happening, and now the Treasury says he’s fully turned the economy around.

Treasury Secretary Jack Lew has confirmed what economists and those familiar with economic policy have already known: the U.S. economy has been growing at a steady rate for several quarters, private sector job growth is consistently high, the unemployment rate has been reduced all the way down to the five percent level which economists view as ideal, and the stock market has grown tremendously. This all occurred even as President Obama reduced the annual federal deficit by seventy-two percent. But the Secretary says there are still challenges ahead.

Lew points to the inequality between the wealthy and the working class, and business tax loopholes, as areas of concern; Obama has tried to tackle both but has faced republican opposition. But he says Social Security is in far better shape than most Americans believe. The Hill has more from the Treasury Secretary. If you enjoy Daily News Bin, consider making a contribution:




Bill Palmer
Contributed by Daily News Bin staff

957 Comments

  1. B Duval on January 12, 2016 at 7:31 pm

    What absolute poppycock! Must think we’re a bunch of morons!



  2. Todd on January 12, 2016 at 10:46 pm

    are you kidding me!!!!!!!!!!



  3. Deanna on January 13, 2016 at 3:46 am

    Stick with the facts, people! It’s all public record. President Obama has done an incredible job! Republican “propaganda” has divided this country. No political official should ever promote such defamation and disrespect for anyone in the Presidential Office. Please be wise enough to separate fact from opinion and get your information from credible sources!!!!



  4. Rroy on January 13, 2016 at 4:36 am

    Here is one set of statistics that you can’t make up



  5. Rroy on January 13, 2016 at 4:39 am

    Here is one set of statistics that cannot be made up



  6. runnerunner on January 13, 2016 at 5:22 am

    Kind of like it’s official.Bruce Jenner is a woman,Sean king is black,Muslim make great neighbors,Dem. policies have worked in the inner cities,weather is our biggest threat,stopping a beating heart is kindness,The 1st and 2nd Amendments are out dated..etc,etc…..The insane things you have to believe to be a liberal are mind
    blowing.



  7. Patricia Scott on January 13, 2016 at 6:04 am

    FACTS are FACTS learn to read GOP.



  8. Mirela Monte on January 13, 2016 at 8:09 am

    Of course he has…

    For the Banksters!



  9. Carole on January 13, 2016 at 8:29 am

    If the economy is in such good shape why are hundreds of coal miners being laid off?
    I am sick of all the lies this government feeds us, we all need to fight back!



  10. Roger Hamilton on January 13, 2016 at 5:44 pm

    I don’t believe this.