Also — water is wet and the sky is blue.
By now you’ve probably seen the report documenting a 40 percent drop in the net worth of American families, however if you were watching Fixed News yesterday you may have been lead to believe that it was that darn Obama again.
It was a jaw-dropping statistic that was flashed across the country yesterday, the Federal Reserve has figured out that over the last three years the net worth of the average American family has fallen 40% over three years, wiped out two decades worth of America’s wealth, mainly because house values have dropped. When you saw that number, that American debt, or American wealth down 40% in three years what did you think?
It’s down 40 percent in the last three years! Obama’s fault!
Actually, no. The Fed report was for 2007 to 2010. That is not “the last three years.”
Fox News is the marketing department of the RNC.