When President Obama took office in 2009, the economic outlook was bleak. We were losing nearly 800,000 jobs—the equivalent of laying off the entire workforce of West Virginia every month. The unemployment rate was headed to 10 percent. The auto industry and the financial system were on the verge of collapse. We were approaching a second Great Depression. Fortunately, in the face of stiff opposition, the President took bold, determined action. He moved aggressively to repair our financial …
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