Was Obama wrong about bitterness?

The thing is, isn’t Obama right? Aren’t many U.S. citizens bitter about the way the economy has performed? There is no better example of this bitterness than in the housing and mortgage industries. When I talk to homeowners trying to sell their properties, they’re bitter that they’ve had to reduce their asking price two, three times and they’re still not getting any offers. Homeowners who aren’t selling are bitter that the house they purchased two years ago has now lost value.