So a lot of middle-class families began to feel that the odds were stacked against them -- and they were right. And then for a while, this was kind of papered over because we had a housing bubble going on, and everybody was maxing out on their credit cards, everybody was highly leveraged, there were a lot of financial deals going around. And so it looked like the economy was going to be doing okay, but then by the time I took office, the bottom had fallen out. And it cost, as we know, millions of Americans their jobs or their homes or their savings. And that long-term erosion of middle-class security was evident for everybody to see.