NOT since 1933 had an American president taken the oath of office in an economic climate as grim as it was when Barack Obama put his left hand on the Bible in January 2009. The banking system was near collapse, two big car manufacturers were sliding towards bankruptcy; and employment, the housing market and output were spiralling down.
Briefing | Barack Obama’s economic record
End-of-term report
The president’s record is better than the woes of America’s economy suggests
|WASHINGTON, DC
This article appeared in the Briefing section of the print edition under the headline "End-of-term report"
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