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Are Americans Better Off Since Obama Became President?

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  • Description

    FBN’s Gerri Willis on the state of the economy under Obama’s Presidency.

  • Duration 2:36
  • Date

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Ago that the president himself made the argument for his own candidacy by asking that same question with their voters were better off after eight years of president George W.

Bush.

He's saying.

You -- we Democrats have a very different measure.

Of what constitutes progress in this country.

We measure progress by how many people can find a job pays the mortgage.

Where they can put a little extra money away at the end of each month so you can someday watch your child receive her college diploma.

Not right now -- up by his own measure you'd have to agree Americans are not better off.

In fact just today we got news food stamp use is at the highest level ever in our history 46 point seven million folks on food stamps.

The proportion of Americans receiving some kind of federal government support is up way -- 49%.

Up from 30% under -- under Ronald Reagan.

Then there was this from the president's nomination speech back in -- We measure progress in the -- three million new jobs were created.

When Bill Clinton was president.

I only saw its income -- up -- 7500 dollars.

Instead -- go down 2000 dollars like it has under George Bush.

23.

Million jobs.

Sounds like a pipe during right.

President Obama hasn't even come close to that in fact.

-- an expanding the numbers of people working more than 300000 fewer Americans are working -- 2009.

What's more.

Middle class incomes are down way down when Obama came to office the median household income was 54983.

By June of this year and it tumbled 50964.

That's more than 4000 dollars in lost real income.

A drop even as gas and food prices have gone up by every measure of success that Obama has laid out in his speech his administration has failed.

Maybe that's why the president himself raided his of performance.

In complete.

To be sure the economy was weak when Obama took office but he should have been the natural inherent -- of an economic boom.

And with very little effort.

More usual recoveries resulting massive job gains -- jobless rate stuck at 8% and economic growth of just one point 7%.

Instead business operators are fearful.

Expansion and hiring on the back burner.

Massive tax increase looms the debate today -- how much the economy expands its win there it expands.

Better off I don't think sap.

Better off really no way.

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