FORGET the now clichéd question: "Are you better off now than you were four years ago?"
You are not even better off than you were three years ago, when the recession ended in June 2009.
President Obama's massive incompetence — who hires a tax cheat as Treasury secretary? — has dragged the nation into a recoveryless recovery.
n Median annual household income was $53,718 at the end of the recession.
n It dropped to $50,678 in August, after 38 months of recovery. That's a drop of $3,040 or 4 percent.
n Incomes for the bottom 20 percent of the nation fell 7 percent.
n The Federal Housing Finance Agency's index of house prices stood at 200.1 at the end of the recession. It fell to 189.8 this June, the most recent figure available.
n The nation has added 1.9 million jobs since the recession ended 38 months ago. The economy added 10.8 million jobs in the 38 months after President Reagan ended his recession.
Reagan had to battle double-digit inflation as well as unemployment.
To be sure, Wall Street is doing well. Wall Street always does better under Democrats, even as they caricature Republicans as being for the rich.
The rest of us must live the pain of the poor economic decisions made by a president who not only never ran a lemonade stand, he never even worked at one.
As John Merline of Investor's Business Daily noted, "despite Obama's promise that he would reduce income inequality, it's increased each year he's been in office, reaching an all-time high after remaining flat during the Bush years."
Blaming Bush for today's problems rings false when Obama did so many of the same things Bush did.
Let us review: