Tuesday, January 05, 2010

And blame for everybody: U.S. Economy 10 years of misleading stats.

Good news for everyone in the middle. Bad news for the ideologues.

U.S. Economy

Is the American economy facing a lost decade? That is the wrong question to ask. The right question is this: Is the United States facing another lost decade? During the past 10 years, inflation-adjusted wages have stagnated or declined for working Americans; net job creation has been zero; and temporary, bubble-driven gains in the stock market have been erased.

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