Wrong question for Romney to ask. He's drawing attention back to the Bush catastrophe. Not many have forgotten what happened.
And anyway, most sensible people know that direction and velocity matters more than absolutes.
Stability ain't exciting. But it sure beats an economy that was cratering when Obama took over.
But there is an economic factor in play that I think may be having a hidden influence. House prices are rising again. If anything makes people feel more secure, it is a house that provides a foundation under a family's balance sheet.
Excerpt:
"The pace of U.S. home resales rose in August to its fastest in over two years and the price for sold homes climbed from a year earlier, hopeful signs that a budding housing market recovery is gaining traction.
The National Association of Realtors said on Wednesday that existing home sales increased 7.8 percent last month to an annual rate of 4.82 million units last month.
That was the fastest annual rate since May 2010 and well above analysts' expectations of a 4.55 million-unit rate.
Nationwide, the median price for a home resale rose to $187,400 in August, up 9.5 percent from a year earlier as fewer people sold their homes under distressed conditions."
http://www.reuters.com/article/2012/09/19/usa-economy-housing-idUSL1E8KIHBJ20120919
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