President Obama admits that Americans aren't better off than they were four years ago -- the old Ronald Reagan formulation -- and he's not going to try to convince them that they are. In an interview with ABC News, Obama says, "I don't think that they're better off than they were four years ago... They're not better off than they were before Lehman's collapse, before the financial crisis, before this extraordinary recession that we're going through. I think that what we've seen is that we've been able to make steady progress to stabilize the economy but the unemployment rate is still way too high," the Associated Press reports.
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