Exactly four years ago this month, the bottom dropped out of the U.S. economy.
Lehman Brothers declared bankruptcy on Sept. 15, 2008. The next day, the Federal Reserve announced a bailout of AIG. Bad news continued to pile up almost daily, with the stock market collapsing and millions of jobs vanishing.
Massachusetts's unemployment rate was 5.8% four years ago, spiked to 8.7% by the following October and is at 6.3% in the latest figures. That is below the national 8.1% unemployment rate.
On this four-year anniversary, incumbent Barack Obama and GOP challenger Mitt Romney are nearing the home stretch of the Presidential election. No single factor will define such a complex process as selection of a president, though none may be greater than the simple question: Are you better off than you were four years ago?
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