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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (28103)	9/6/2006 11:06:52 PM
From: neolib	Read Replies (1) \| Respond to of 540859

True GDP and household income aren't exact proxies for each other. But you don't normally see that level of GDP growth while at the same time having such wide spread decline in household income, esp. for a period of years when income disparity has not been increasing. Not so odd if you consider equity mined from real estate. Taking out a loan with cash back does not show up as income, but it does put money in you pocket now, coupled with more long term debt.