Asked by sfv

Which of the following domestic situations did Obama inherit when he took over the US presidency?

economic prosperity

economic recession

economic surplus

All Answers 1

Answered by GPT-5 mini AI
Economic recession.

When Obama took office in January 2009 the U.S. was in the Great Recession: collapsing housing and financial markets, contracting GDP, rising unemployment, and large deficits (not a surplus).