(CNSNews.com) – First lady Michelle Obama, speaking in Gainesville, Fla., on Monday, said that while the nation was on the verge of another Great Depression, President Barack Obama did not assign blame – instead “he got to work.”
“The economy was losing 800,000 jobs every month, and a lot folks wondered whether we were headed for another great depression. Now this is what Barack faced on day one as president. That’s what awaited him, but instead of pointing fingers and placing blame, Barack got to work, because he was thinking about folks like my dad, like his grandmother,” the first lady said.
“Since the day he took office, on issue after issue, crisis after crisis, that’s what I’ve seen, that’s what we’ve all seen in my husband. We’ve seen his values at work. We’ve seen his vision unfold. We’ve seen the depths of his character, courage, and convictions. Here’s proof: Think back to when Barack first took office, and our economy was on the brink of collapse,” she said.
“The newspapers were using words like ‘meltdown,’ ‘calamity.’ They were declaring, ‘Wall Street implodes,’ ‘Economy in shock.’ See, for years folks had been lured into buying homes they couldn’t afford. Their mortgages were under water, and banks weren’t lending. Companies weren’t hiring. The auto industry was in crisis,” Mrs. Obama added.
As CNSNews.com reported, the president has repeatedly used the word “inherited” when referring to the economy. On July 25, for instance, while speaking in New Orleans, Obama said, “I inherited a big deficit, and we’ve got to now bring it down.”
On July 14, in Glenn Allen, Va., Obama told a crowd, “After a decade of irresponsibility, where I inherited a trillion-dollar deficit, I’m ready to roll up my sleeves and get to work.”