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U.S. President Barack Obama, left, pictured with Federal Reserve chairman Ben Bernanke.
U.S. President Barack Obama, left, pictured with Federal Reserve chairman Ben Bernanke.
(LARRY DOWNING/Reuters)

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Wolf: Assessing the Obama recovery

How badly has the U.S. economy performed under President Barack Obama? Ronald Reagan posed the political version of this question in his presidential debate against Jimmy Carter in 1980, when he asked: “Are you better off than you were four years ago?” It is, naturally, the question Mitt Romney asks now.