The president came to office on a surge of hope but a faltering economy thwarted many of his ambitions. So his fight for regeneration and equality goes on. He must have four more years
By: Jesse Jackson
How much has the extraordinary wave of hope that swept the world four years ago, when President Obama was inaugurated, been borne out by his first term in office?
Why do I think it is so vital that he wins again this week, for America and for the world?
Let’s remember President Obama inherited a very deep hole, a hole most Americans did not imagine existed. When he came in, we had lost four million jobs in four years – 800,000 jobs evaporated in January 2009 alone. Since that time, we have created five and a half million new jobs. That’s more than 30 straight months of job growth in tough economic times. In addition, he had to confront banks that, through their greed, had forced record-breaking home foreclosures. The global economy – from the US to Europe and around the world – was at the point of total collapse. The banks were bailed out.
The automotive industry had collapsed. Now, because of the Obama administration‘s policies to rescue the auto industry, we’re the number one auto-producing nation again. Autoworkers are once more working three shifts and producing high yields. The auto industry is back, though Romney said: “Let them go bankrupt.”
Furthermore, when President Obama came into office, we were caught in a war of choice – an immoral, bad choice – in Iraq. President Bush and Tony Blair dealt us a severe blow. The whole world was telling them not to wage war – I was speaking in London at Hyde Park on the day of the big protest. We told them there was no basis for going into Iraq. Since then, we have lost British and American lives, resources and honour, and they have not been humble enough to apologise. That war cost us trillions of dollars, which took us from a budget surplus to a budget deficit.