Are You Better Off Than Four Years Ago?

Massachusetts home sales are up and unemployment below national average.

Exactly four years ago this month, the bottom dropped out of the U.S. economy

Lehman Brothers declared bankruptcy on Sept. 15, 2008. The next day, the Federal Reserve announced a bailout of AIG. Bad news continued to pile up almost daily, with the stock market collapsing and millions of jobs vanishing.

No single factor will define such a complex process as selection of a president, but none might be greater than the simple question: Are you better off than four years ago?

In Massachusetts, the state unemployment rate in August was 6.3 percent, up from 6.2 percent in July. Unemployment in the Commonwealth peaked at 8.7 percent in August of 2009. Nationwide, unemployment was at 8.1 percent in August 2012.

Sales of single family homes in Massachusetts in August 2012 saw a 20 percent increase from August 2011, according to the Warren Group.

“One more month of strong home sales confirm speculation that the housing market recovery is underway,” Warren Group chief executive Timothy M. Warren Jr. said in a statement.

Are you better off than you were four years ago? Or is your financial life the same or worse? Can you credit a presidential administration with business' success or failure or is the state of business left to business leaders? Let us know in the comments section.

Gatsby October 21, 2012 at 02:05 PM
Tricia October 23, 2012 at 06:28 PM
Bob, I got that figure from an indepth RollingStone Magazine article, The Party of the Rich, How the Republicans Abandoned the Poor and the Middle Class to Pursue their Rlelentless Agenda of Tax Cuts for the Wealthiiest One Percent, by Tim Dickinson, dated Nov 24, 2011.
Jim Smith November 04, 2012 at 02:00 PM
I don't know, this girl believes so, http://youtu.be/6JB7fhN5-RI
John M November 12, 2012 at 11:35 PM
Wow sad to read all these posts. 47 percent of Americans are on some type of Federal program for handouts. We are headed to a 3rd world country. OB just keeps spending and spending and this will get us in trouble. It is to bad the main stream media can herd all the folks like cattle.
Anne Sweeney March 30, 2013 at 10:39 PM


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