On Friday, President Barack Obama had his year-end press conference before he began a two-week holiday vacation in Hawaii.
The president took a well deserved victory lap:
Today, understandably, I’m going to talk a little bit about how far we’ve come over the past eight years.
As I was preparing to take office, the unemployment rate was on its way to 10 percent. Today, it’s at 4.6 percent — the lowest in nearly a decade. We’ve seen the longest streak of job growth on record, and wages have grown faster over the past few years than at any time in the past 40.
When I came into office, 44 million people were uninsured. Today, we’ve covered more than 20 million of them. For the first time in our history, more than 90 percent of Americans are insured. In fact, yesterday was the biggest day ever for HealthCare.gov. More than 670,000 Americans signed up to get covered, and more are signing up by the day.
We’ve cut our dependence on foreign oil by more than half, doubled production of renewable energy, enacted the most sweeping reforms since FDR to protect consumers and prevent a crisis on Wall Street from punishing Main Street ever again. None of these actions stifled growth, as critics predicted. Instead, the stock market has nearly tripled. Since I signed Obamacare into law, our businesses have added more than 15 million new jobs. And the economy is undoubtedly more durable than it was in the days when we relied on oil from unstable nations and banks took risky bets with your money.
Add it all up, and last year, the poverty rate fell at the fastest rate in almost 50 years, while the median household income grew at the fastest rate on record. In fact, income gains were actually larger for households at the bottom and the middle than for those at the top. And we’ve done all this while cutting our deficits by nearly two-thirds and protecting vital investments that grow the middle class. […]
In other words, by so many measures, our country is stronger and more prosperous than it was when we started. That’s a situation that I’m proud to leave for my successor. And it’s thanks to the American people — to the hard work that you’ve put in, the sacrifices you’ve made for your families and your communities, the businesses that you started or invested in, the way you looked out for one another. And I could not be prouder to be your President.
Then he settled in to answer some tough questions about the recent presidential election, Russian interference in our democracy, Syria, China, and the future of the Democratic Party. His critique of the press was particularly scathing as he pointed out how they tilted the coverage away from policy issues and towards gossippy tidbits:
When we had a consensus around what had happened [the hacking], we announced it — not through the White House, not through me, but rather through the intelligence communities that had actually carried out these investigations. And then we allowed you and the American public to make an assessment as to how to weigh that going into the election.
And the truth is, is that there was nobody here who didn’t have some sense of what kind of effect it might have. I’m finding it a little curious that everybody is suddenly acting surprised that this looked like it was disadvantaging Hillary Clinton because you guys wrote about it every day. Every single leak. About every little juicy tidbit of political gossip — including John Podesta’s risotto recipe. This was an obsession that dominated the news coverage.
Full transcript below.
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