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Axe Dodges on Whether Americans Are Better Off

September 2, 2012

CHRIS WALLACE: But you keep talking about Romney. I'd like to talk about the Obama record and I want to put some statistics up on the screen. Unemployment was 7.8 percent when the president took office; it's now 8.3 percent. Median household income was almost $55,000; it's now less than $51,000. Gas was $1.85 a gallon when he took office, now its $3.78, almost double. The national debt was $10.6 trillion and it may go past $16 trillion this week. So just looking at the president's record and those statistics, David, is the average American better off than four years ago?

DAVID AXELROD: Chris, as I said to you before, I think the average American recognizes that it took years to create the crisis that erupted in 2008 and peaked in January of 2009. And it's gonna take some time to work through it.

Published under: David Axelrod