Today on Fox News Sunday, Chris Wallace interviewed White House advisor Dan Pfieffer. In the below segment, Wallace grills Pfieffer about the Obama economy.
But but but, we inherited it. If there is a better example of the weak, answerless dancing the Obama administration routinely engages in to abdicate responsiblity, I don’t know what it is. This is an object lesson in how the Obama White House operates. Eat your gruel and be grateful for it, peons.
Transcript via RCP:
CHRIS WALLACE: You talk about income inequality. Some experts say the real reason that you got such income inequality is because of the weak Obama economic recovery.
Let’s take a look at some of the numbers there. Since the president took office, median household income has dropped from $55,900 to $52,100. Poverty has increased by 6.7 million to a record 46.5 million. And participation in the labor force has dropped from 65.7 percent to a 36-year low of 62.8 percent.
Wouldn’t a stronger, more robust economy and recovery solve a lot of these problems the president is talking about?
DAN PFEIFFER: Well, absolutely. But I think it’s important to remember this president inherited the worst economic situation through the Great Depression, a financial crisis.
WALLACE: But the recession ended four years ago.
PFEIFFER: Yes. And we have created in the last 46 months, 8 million jobs. The unemployment rate has dropped to 6.7 percent. We have — we are producing more oil than before. We are — American auto industry is number one in the world again.
We are making progress. There is more to do. That’s what you hear the president talk about. I think it’s important to remember that what we’re trying to do here is restore opportunity for all Americans. Grow the economy and create jobs.
WALLACE: But you talk about restoring opportunity. Median household income is down. Labor force participation is down. Food stamps are up. Poverty rate is up.
If things are so great, how come they are so lousy?
PFEIFFER: I think we made tremendous progress. But there is much more work to do.