Barack Obama: Economic Crisis
on Friday, January 1, 2021Barack Obama Money Quote saying in January of 2009 something very similar could be said in 2021. Barack Obama said:
“We start this new year in the midst of an economic crisis unlike we have seen in our lifetime” — Barack Obama
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In this quote, Barack Obama seems to be directly addressing the severe economic downturn that was occurring at the start of his presidency in 2009. By stating “We start this new year in the midst of an economic crisis unlike we have seen in our lifetime”, Obama is acknowledging the scale and severity of the Great Recession, with its collapse of the housing market, spike in unemployment, and general loss of wealth.
The quote conveys Obama’s recognition that the recession represented a uniquely damaging economic event not experienced by most Americans alive at the time. Overall, Obama appears to be leveling with the public about the immense challenges posed by the crisis and communicating his understanding of the hardship it was causing across many lives and communities at that moment in history.