In his weekly address, President Obama took some time to praise the rebound of the American economy, something the president hasn’t done in a long time although evidence of economic prosperity is evident.
The steps we took nearly six years ago to rescue our economy and rebuild it on a new foundation helped make 2014 the strongest year for job growth since the 1990s. Over the past 57 months, our businesses have created nearly 11 million new jobs. And in a hopeful sign for middle-class families, wages are on the rise again.
Our investments in American manufacturing have helped fuel its best stretch of job growth since the ‘90s. America is now the number one producer of oil and gas, saving drivers about 70 cents a gallon at the pump over last Christmas. The auto industry we rescued is on track for its strongest year since 2005. Thanks to the Affordable Care Act, about 10 million Americans have gained health insurance in the past year alone. And since I took office, we have cut our deficits by about two-thirds.
Meanwhile, around the world, America is leading. We’re leading the coalition to degrade and ultimately destroy ISIL. We’re leading the global fight to combat the Ebola outbreak in West Africa. We’re leading global efforts to address climate change, including last month’s joint announcement with China. We’re turning a new page in our relationship with the Cuban people.