In 2008, Presidential candidate Barack Obama boasted of hope and change. Progressive liberals were convinced their savior had arrived. With Obama in office, there would be no reason to worry. The “Magic Negro” represented peace of mind in otherwise turbulent times.
But the median net worth of households has declined, falling from $126,400 in 2007 to $77,300 in 2010.
In the past four years, 4.6 million jobs have been lost.
And State spending has increased by 14 percent.
Obama promised change. Things changed.