Number 164.00: | Are You Better Off? | 10/20/2008 |
Are You Better Off?
The Institute for Policy Innovation’s Dr. Merrill Matthews says everyone should be asking that question.
Republicans controlled Congress and the presidency from 2001 to 2007. So they should get the credit—or the blame—for whatever happened in those years.
But in January 2007, the Democrats took control of Congress. In those last two years:
- The Dow has fallen more than 2,000 points.
- Wall Street has collapsed and banks are closing.
- Consumer confidence surveys have been cut in half.
- Gasoline prices have risen from about $2.20 a gallon to over $4.00.
- And the economy has lost hundreds of thousands of jobs.
As political commentator Rich Galen points out, the question every American should be asking is: Are you better off than you were TWO years ago?
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