President Obama Makes History With Record-Setting Economic Turn-Around (VIDEO)

http://www.addictinginfo.org/2015/09/18/president-obama-makes-history-with-record-setting-economic-turn-around-video/
"President Obama’s economy had already smashed existing records in the area of private-sector jobs creation, dragging the country back from the job-gushing economy left to us by former Republican President George W. Bush.
A year later, President Obama continues to shatter previous records for economic performance.
The US has now seen 66 straight months of job creation, the longest streak ever recorded. Over that time period, American businesses have added 13.1 million jobs to the economy. As we approach the holiday season, a time of year when jobs are routinely added to the economy, that record streak is certain to continue.
During the first year of the George W. Bush economic crash more than $13 trillion dollars in household wealth evaporated. Nearly 20 percent of the country’s total wealth was swallowed up, a figure which was five times higher than losses during the first year of the Great Depression.
From a historical perspective, the kind of devastating losses that gripped the United States following the Bush presidency had never been seen before, not even in the late 1920’s and early 1930’s, when the country was in the darkest days of the Great Depression. From the same perspective, no president had ever before been charged with the task of engineering a financial recovery of the magnitude that was needed to stop our country’s financial bleeding, and return the economy to a place of productivity and economic growth.
Seven years after the economic crash of 1929, household wealth remained at 30 percent below pre-depression levels. Yet in spite of the fact that the first year of the GWB recession hit Americans five times harder than the Great Depression, today total household wealth is 30 percent above what it was in 2008.
Another record set by former republican president George W. Bush, during the first year of the Great Recession housing prices plummeted faster and farther than they had fallen during the first year of the Great Depression. Today property values, a major component to U.S. household wealth, are back to pre-recession levels and the housing market is flourishing again. 65 percent of U.S. housing markets reported an 8-year sales high in July of 2014. Construction-related jobs are also making a strong comeback, as the housing market continues to stabilize.
Again the quick recovery of the U.S. housing market following the 2008 economic disaster is another of President Obama’s historic achievements. Home foreclosures are now at a 15 year low, whereas in 2008, home foreclosures spiked by a record-setting 81 percent over the previous year, and rose by 225 percent between 2006 and 2008, as George W. Bush was leaving office."