03 January 2010
What 10 Years of Conservatives Getting What They Wanted Got Us
The Washington Post correctly called the "Aughts" a lost decade, inflation adjusted median income fell (for the first time on record), non-farm payroll experienced no growth (for the first time on record), household wealth fell (for the first time on record), GDP rose by the lowest number since at least the Great Depression.
The same goes for the stock market, only in this case, the records go back 200 years.
We have had a grand experiment of embracing conservative philosophy, with a highly right wing executive and a compliant legislative branch, since 2001 and the result has been miserable failure.
The past decade may not be as bad as the Great Depression, but it beats anything else in the 20th or 21st century, and it is not over yet.
The same goes for the stock market, only in this case, the records go back 200 years.
We have had a grand experiment of embracing conservative philosophy, with a highly right wing executive and a compliant legislative branch, since 2001 and the result has been miserable failure.
The past decade may not be as bad as the Great Depression, but it beats anything else in the 20th or 21st century, and it is not over yet.
Labels:
Economy
,
Government
,
Politics
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