Dr. Kirk Elliott refutes President Obama’s statement that the “private sector is okay” with actual facts. Research from the Federal Reserve shows that from the years 2007-2010 (A THREE YEAR SPAN), the equivalent of 20 years of profit have been wiped out. Americans saw wealth erode by 40% during this three year span. This is not good news, and proof that the policies being enacted by our government are detrimental to the future of our country. We may not be able to come out of this, unless we act now and act decisively.