Did the producers of Fox and Friends send out a casting call for the absolutely stupidest looking and sounding person available in America when they were searching for 'the Friends' in order to come up with Steve, um, Doocy?
In his in-depth and wide-ranging interview with Mitt Romney, Steve Doocy asks the GOP Presidential candidate to weigh in on the recently released study by the Fed which showed a 40% drop in Americans' wealth.
If you watched Fox & Friends interview Mitt Romney on Tuesday morning, you heard from the inestimably chipper Steve Doocy that the Federal Reserve announced on Monday that forty percent of Americans’ wealth had been wiped out in “the last three years.” One problem. It’s not true.
The Fed report showed that median household net worth was in 2010 at its lowest level since 1992 when adjusted for inflation.
The report examined net worth between 2007-2010, the height of the recession and the depth of the housing market crash.
While Doocy would love to pin this on Obama who's been in office the 'last three years', it obviously comes as news to him that it is now actually the year 2012, not 2010.
In reality (a place uninhabited by Doocy)
A separate Fed survey released last week showed that total family net worth actually climbed 4.7 percentin the first quarter of this year, putting it at about 28 percent above recession lows,
Here's what Doocy asked Mitt Romney, who grabbed onto it tightly as his opening to blame President Obama for the recession
It was a jaw-dropping statistic that was flashed across the country yesterday, the Federal Reserve has figured out that over the last three years the net worth of the average American family has fallen 40% over three years, wiped out two decades worth of America’s wealth, mainly because house values have dropped. When you saw that number, that American debt, or American wealth down 40% in three years what did you think?