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"For the better part of 10 years, folks faced stagnant incomes, skyrocketing health care costs and tuition bills, and declining economic security," Mr. Obama said.

Um, Barry, Bush was in office for 8 years, not 10, so it looks like he inherited a bad economy from the first black President, Billy Jeff.

“, Barry, Bush was in office for 8 years, not 10,...”

Perhaps he is math challenged. After all, he does think there are 57 states.

Makes sense to me. His understanding of the math-infused, and higher math at that, subject of economics has eluded our Boy-Queen.

“For the better part of 10 years, folks faced stagnant incomes, skyrocketing health care costs and tuition bills, and declining economic security,”

Actually, he's stretching the truth a little. In the ten years of which he speaks, we've been in a recession during the last two years of the Clintoon regime, and the first two years of his.
During the Bush years, college graduates were being fought over and getting starting salaries that were the highest in history. Unemployment hovered at between 4 and 5 percent, which truthfully is the lowest it's been since 1969.
The Consumer Price Index and median household incomes both refute the tales of woe under the previous administration.
What is irrefutably clear is that misery began with the takeover of Congress by the DemonRATs, and is being accelerated by Obama, and it's not incompetence, it's purely intentional.