Our Economic Problems Predated Obama

The GOP campaign is predicated on the idea that the Obama administration's policies are responsible for the decline in living standards.  This article provides data which shows that living standards for the middle class were not rising in the years prior to the Obama administration.  To a large extent, living standards were maintained by a rapid growth in household debt.  Romney claims that things would get better if we returned to the policies that were in effect prior to the Obama administration.  His policies would continue the erosion of living standards that were in place before Obama took office.  Moreover, his policies are hardly radical.  The radical changes in the US economy were put in place over thirty years ago.