Romney Campaign Press Release - Iowans Concerned About Their Future In The Obama Economy

"Vice President Biden is back in Iowa today to sell voters on the disappointing results of President Obama's economic policies. But Iowans – like all Americans – are still struggling to make ends meet in the Obama economy. From Day One, Mitt Romney will implement pro-growth policies that will help get Americans working again and achieving the financial security they need." –Amanda Henneberg, Romney Campaign Spokesperson

Today, Vice President Biden Will Campaign In Iowa On The Disappointing Results Of President Obama's Economic Policies:

Today In Iowa, Vice President Joe Biden Will Tout The Results Of President Obama's Economic Policies. "Vice President Joe Biden will spend two days in Iowa, making campaign stops in Waterloo, Dubuque and Clinton. Biden will hold his first event Tuesday morning in Waterloo, where he will speak to members of the United Auto Workers. His speech will focus on the economy, and Biden will argue that Democratic President Barack Obama's policies will be more effective than those advocated by Republican Mitt Romney." ("Biden Plans Stops In Waterloo, Dubuque, Clinton," Quad-City Times, 6/25/12)

Iowans Are Experiencing Their Highest Levels Of Economic Insecurity In A Quarter-Century:

Nearly One In Five Iowans Experienced Economic Insecurity In 2010, A 26-Year High. "Nearly one in five Iowans experienced economic insecurity in 2010, a 26-year high, a Rockefeller Foundation report Thursday showed." (Donnelle Eller, "Financial Insecurity Grows In Iowa Even After Recession Ends, New Report Says," Des Moines Register, 6/21/12)

Nearly 25% Of Iowans Failed Last Year To Earn Enough To Cover Their Basic Needs. "'The economy is becoming more unstable and that instability is being felt in the average household,' said Fisher, whose group recently released a report showing that 23 percent of Iowans failed last year to earn enough to cover their basic needs." (Donnelle Eller, "Financial Insecurity Grows In Iowa Even After Recession Ends, New Report Says," Des Moines Register, 6/21/12)

An Estimated 437,000 Iowans Lost A Quarter Of Their Income In 2010. "In Iowa, the Rockefeller Foundation estimates that 437,000 individuals lost a quarter of their income in 2010, compared with 297,000 in 1986." (Donnelle Eller, "Financial Insecurity Grows In Iowa Even After Recession Ends, New Report Says," Des Moines Register, 6/21/12)

And All Across America, Middle-Class Families Are Still Struggling For Work And Trying To Make Ends Meet:

More Than Twenty-Three Million Americans Are Unemployed, Underemployed, Or Have Stopped Looking For Work. (Bureau Of Labor Statistics, www.bls.gov, 6/4/12)

Since President Obama Took Office, Median Household Income Has Declined By $4,300. "Yet real median household income in March was down $4,300 since Obama took office in January 2009 and down $2,900 since the June 2009 start of the economic recovery, according to an analysis of census data by Sentier Research, an economic- consulting firm in Annapolis, Maryland." (Mike Dorning, "Obama Fails To Stem Middle-Class Slide He Blamed On Bush," Bloomberg, 4/30/12)

Median Family Net Worth Has Hit A Two-Decade Low. "The Great Recession shrank Americans' wealth so much that in 2010 median family net worth was no more than it had been in 1992 after adjusting for inflation, the Federal Reserve reported Monday. Median net worth declined from $126,400 in 2007 to $77,300 in 2010, a Fed survey of family finances found. The median marks the point where half had more and half had less." (Martin Crutsinger, "Fed Report: Middle Class Net Worth Tumbles," The Associated Press, 6/12/12)

Nearly 16 Million Homeowners Are Underwater On Their Mortgages. "Despite rising home prices, more than 30% of borrowers, or close to 16 million homeowners, were underwater on their mortgage during the first quarter, according to Zillow. The percentage of borrowers who owed more on their home than it was worth increased to 31.4% during the quarter, up slightly from 31.1% three months earlier, according to Zillow." (Les Christie, "More Than 30% Of Mortgage Borrowers Still Underwater," CNN Money, 5/24/12)