The Obama campaign has been having a hard time with Reagan’s immortal question from the 1980 campaign: “Are you better off than you were four years ago?” Governor Martin O’Malley (D.Md.) reversed himself within twenty-four hours after initially stating that people were not better off than they were four years ago. Back in 2008 Obama thought Reagan’s question was highly pertinent:
Now I think I need to give an honest answer for myself to this question. Economically I am clearly better off today than I was four years ago. The reason for this is that the lousy economy Obama has presided over has exploded my bankruptcy practice and my representation of local banks in foreclosures. Thus far my gross on bankruptcies and foreclosures exceeds by ten percent my totals at this time last year, and 2011 was a prosperous year for me, due in no small part to foreclosures and bankruptcies. So thank you Mr Obama! Your stewardship of the economy has greatly benefited me, if not the vast majority of my fellow citizens!