Fed: Americans’ wealth dropped 40 percent; Obama: The private sector is doing "fine"

The net worth of the American family has fallen to its lowest level in two decades, according to government data released Monday, driven by a more than 40 percent drop in their stakes in their homes.

The Federal Reserve’s detailed survey of consumer finances showed families’ median wealth plunged from $126,400 in 2007 to $77,300 in 2010 — a 39 percent decline. That put them on par with median wealth in 1992. 
Yet, our wanna-be preezy had the gall to say this last week:

All I can say is...GTFO 2012!!!