Fox Noise Lies, Romney Replies.....

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.

No doubt the Fed report made for sober reading, showing that median household net worth was in 2010 at its lowest level since 1992 when adjusted for inflation. But the years studied — the height of the recession with a cratering housing market — were 2007 to 2010. Not (for the time-challenged) the last three years.
http://2012.talkingpointsmemo.com/2012/06/fox-and-friends-fed-romney-doocy.php?ref=fpb