Tuesday, September 4, 2012

Are You Better Off?

"Are you better off than you were four years ago?" That's the question people are asking themselves in this presidential election year. See this article in The Washington Post.

I believe there is a further question you must ask. If you are better off today, is it because of, or in spite of, the actions of President Obama?

Most people are not better off than they were four years ago. A few are better off, but a substantial number of those few are better off in spite of the actions of President Obama, given their own luck, cleverness and guile. For example, they may have purchased a number of foreclosed properties at bargain basement prices.