worth and by comparison to what was before in 2007 under george bush, $126,400. if you just look at those two numbers, this looks huge. it looks obviously like things were much better here than here. but the key is you have to go beyond that and you have to look at what s happening beyond it which is the question of this. what were we losing money on? the simple truth is we lost money on our jobs because a lot of people weren t making the money they expected to make. we lost money on our savings because people weren t expecting that either. but the big loser is over here in the question of savings. or in the question of homeownership. right there. that s where the big, big, precipitous fall came in terms of what people were owning and where they lost all of their family value. and look at this chart when that happened. if you look at u.s. home prices, the number one driving force in changing that change in value, of net value, median home value, happened right in here. presid
so absurd. people are having hard times in this country. the president needs to go out and talk to people. not just do fundraisers. go out and talk to people in the country and find out what s happening. mitt romney seems to be placing the blame on president obama. there s no doubt that that 40% drop in median net worth in three years is terrible. but what s lost in the comments is the fact the three years we re talking about, the three years the federal reserve study looked at are from 2007 to 2010. president obama didn t take office until 2009. so president obama and his supporters say you can t simply blame him. you have to look at the situation he inherited. you can agree with that or disagree. but in case you think i m siding with president obama here in this tat for tat, let me also point out president obama seems guilty of similar attacks on recent attacks on mitt romney. in a new campaign ad he zings governor romney for some bad ads economic stats in massachusetts