ex fed exer
Well-Known Member
check out the lastest issue of lowdown. it's the best one yet.it's a myth that, a recession is inevitably followed by a broad and joyous recovery. look no further than the bust of 2001. it was far shallower than the deep plunge we've taken in the past two years, yet the subsequent recovery never reached the majority---job creation under bush was pathetic,failing to replace the numbers of the jobs lost in the 2001 bust. the bush years were a lost decade for those in america's middle class, who saw their incomes go down.in 2007, the last year of the bush expansion, middle-class family income was lower than it had been when george w took office. this has not happened since the gov. began keeping such records, after w.w.II--in every other expansion, the buying power of the middle class families grew as the economy did.
