President Barack Obama

When I look at President Obama, I remember the Global Financial Crisis (GFC) that started in late 2007 and ended in 2009. When President Obama took office in January 2009, the United States of America was the epi-centre of the GFC. Back then commentators were equating the crisis as the next big Depression like the one in 1930s. There was global fear that world leaders set aside their political differences and come together to co-ordinate actions to stop depression from happening.

 

For 8 years, the Global Financial Crisis came to pass. President Obama saw through that during his two terms as President of US. US is now stronger economically with unemployment rate at 4.7%. Real GDP increased at annual rate 3.5% in the third quarter of 2016. These are impressive figures for a developed economy. The global depression was averted.

 

US bids farewell to President Obama today. He will be remembered as the 44th US President.

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