Round about this time in the election cycle, a presidential challenger finds himself on the stump and posing a simple test to voters: "Ask yourself – are you better off now than you were four years ago?"
But, in fact, you don't need to ask yourself, because the Federal
Reserve Board's Survey of Consumer Finances has done it for you. Between
2007 and 2010, Americans' median net worth fell 38.8 percent – or from
$126,400 per family to $77,300 per family. Oh, dear. As I mentioned a
few months ago, when readers asked me to recommend countries they could
flee to, most of the countries worth fleeing to Americans can no longer
afford to live in.
Which means we'll just have to fix things here. How likely is Barack
Obama to do this? A few days ago he came to Cleveland, a city that is a
byword for economic dynamism, fiscal prudence, and sound government. He
gave a 54-minute address that tried the patience even of the most doting
court eunuchs. "One of the worst speeches I've ever heard Barack Obama
make," pronounced MSNBC's Jonathan Alter...
Read full article: Mark Steyn: Earthly woes mount as Obama's rhetoric soars | obama, moon, together - Opinion - The Orange County Register