After decades in which the middle class was working harder and harder just to keep up, and a punishing recession that made it worse, we made the tough choices required not just to recover from crisis, but to rebuild on a new foundation for stronger, more durable economic growth.
Five years later, we have fought our way back. Our businesses have created 7.8 million new jobs in the past 44 months. Another 200,000 Americans went back to work last month.
The American auto industry has come roaring back with more than 350,000 new jobs – jobs churning out and selling the high-tech, fuel-efficient cars the world wants to buy. And they’re leading the charge in a manufacturing sector that has added jobs for the first time since the 1990s – a big reason why our businesses sell more goods and services “Made in America” than ever before.
We decided to reverse our addiction to foreign oil. And today, we generate more renewable energy than ever, more natural gas than anybody, and for the first time in nearly 20 years, America now produces more oil than we buy from other countries.
We decided to fix a broken health care system. And even though the rollout of the marketplace where you can buy affordable plans has been rough, so far, about 500,000 Americans are poised to gain health coverage starting January 1st. And by the way, health care costs are growing at the slowest rate in 50 years.
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