The bottom line is that there has been basically no wealth creation at all since the turn of the millenium: the net worth of the average American household, adjusted for inflation, is lower now than it was in 2001.In real simple terms, all the wealth created during the Bush years was an illusion ... it was all smoke & mirrors. If that isn't depressing enough, you can read Krugman's comments explaining why the stimulus package isn't big enough here.
- Mark
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