Are You Better Off Than You Were Four Years Ago?

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!

 

3 Responses to Are You Better Off Than You Were Four Years Ago?

  • President Reagan’s campaign pounded Jummah Carter with the “misery index” = CPI/inflation rate + unemployment rate. Today’s misery index would be non-comparable as the statisticians (liars figuring) have redefined down both stats.

    I, too, am better off economically. My net worth took a moderate hit in 2008, but we recovered in 2009 and forward.

    And, my family will survive if the zero gets his chance to complete the economic devastation. I’m disaster investing.

    But, young people will have no hope.

    Tangentially related:

    The Daily Caller: “President Barack Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices.

    “As few as 19 of those 186 clients still own homes with clean credit ratings, following a decade in which Obama and other progressives pushed banks to provide mortgages to poor African Americans.

    “The startling failure rate among Obama’s private sector clients was discovered during The Daily Caller’s review of previously unpublished court information from the lawsuit that a young Obama helmed as the lead plaintiff’s attorney. [RELATED: Learn about the 186 class action plaintiffs]”

    Read more:
    http://dailycaller.com/2012/09/03/with-landmark-lawsuit-barack-obama-pushed-banks-to-give-subprime-loans-to-chicagos-african-americans/#ixzz25RFSA6or

    N.B., the zero received $143,000 in graft payments from FNMA’s hundreds of millions of political graft fund.

  • So the question is: is Romney another Reagan?
    Arguably no – but he sure as hell has gotta be a lot better than the incompetent who currently infests the White House.

  • The new normal: three people become poor for each one that finds a job.

    Data released by US Census shows that since Obama Inaugury Day (January 2009), median household income (MHI) crashed 7.3%.”

    Is that what they mean by “preferential option for the poor”?

    In other news, food and fuel prices are skyrocketing. Pray for global warming this Winter.

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