Is the U.S. Economy Better or Worse Off Under Obama?
In a speech on Monday, President Obama said, “By almost every measure, the American economy and American workers are better off than when I took office.”
With the job market stalling and the median household income down by nearly $3,000 since he took office, however, some dispute the president's claim.
On Forbes on Fox today, Steve Forbes said, “It’s like the manager of the Mets telling fans they’re headed for the World Series.”
Rich Karlgaard said the president taking credit for the recovery of the U.S. economy - which has still been slow - is like Al Gore infamously taking credit for inventing the internet.
John Tamny pointed out that Obama should get credit for replacing Ben Bernanke as Chair of the Federal Reserve with Janet Yellen.
Forbes countered, "The fed is still in a mode of getting more power. They still won't allow credit markets to recover. [Yellen] is bloating the balance sheet, still. So, maybe she's better, but that's like comparing the Mets with the Astros."
"They're not going to make the World Series."
Watch the clip above.