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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Road Walker who wrote (315202)12/15/2006 8:47:15 PM
From: tejek  Read Replies (1) | Respond to of 1573678
 
Conservative economists often argue that wage stagnation and income inequality are not as big a threat to Americans’ standard of living as they’ve been made out to be. In their view, how much one buys — rather than how much one makes — is a better measure of economic well-being.

Here’s why. The assertion — that the middle class has out-consumed the “upper crust” during the Bush years — is false, the result of rosy assumptions that turned out to be wrong.


Its quite amazing that people who are not eligible for the tax cuts continue to defend them as well as the GOP for making them possible. As for conservative economists, they have proven to be no more trustworthy than Bush. The worst one is Kudlow......he hasn't met a GOPer or neo yet that he doesn't like. We could be in a depression and he will report it as a slight hiccup that will be over in a month; sooner if an election is coming up.