The Federal Reserve's report, released Monday, on wealth and income, shows the Bush economic crisis wiped out nearly two decades of Americans' wealth leaving us where we were in 1992 - except for the top 10 percent of Americans.
The private sector and top net worth Americans are actually doing pretty well: Since President Obama took office the Dow has increased 85 percent, the S&P 500 has increased 98 percent and corporate profits after taxes have increased 68 percent. Also, a record number of foreign investors are applying for and receiving investor visas.
In spite of a smaller-than-needed stimulus and unprecedented Republican obstruction, Obama has turned this economy around from losing 750,000 jobs a month in the first quarter of 2009, to averaging growth of 150,000 jobs per month. Imagine the improvement we would be seeing if Republicans had compromised!
This fall, Republicans will ask if you are better off than you were four years ago. If you answer "no" it's likely not because the President has failed. Republicans in Congress have done everything they can to make him fail.
They'll also ask you to vote for the same policies that created this mess. Your choice has never been clearer. Don't get fooled again!