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Obama: Americans Not Better Off Than They Were Four Years Ago

George Stephanopoulos, ABC News: "And a lot of anger out there. There's so many people who simply don't think they're better off than they were four years ago. How do you convince them that they are?"

President Obama: "Well, I don't think they're better off than they were four years ago. They're not better off than they were before Lehman's collapse, before the financial crisis, before this extraordinary recession that we're going through. I think that what we've seen is that we've been able to make steady progress to stabilize the economy, but the unemployment rate is still way too high. And that's why it's so critical for us to make sure that we are taking every action we can take to put people back to work."

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