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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (44934)	8/18/2010 4:03:04 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

This recent Financial Crash started in 2007 and over the next seven quarters (the last year and three quarters of the Bush administration, up to say March 2009 when Obama was sworn into office just to date it) Americans lost 30% of their total wealth. $19.7 Trillion of American's wealth evaporated in about two years --- much of it in lost real estate values. Over the decade of the 2000's there was effectively no net increase in jobs (as many jobs were created as were lost from 1999 to 2009) despite the normal growth in the population, and the Middle Class saw no real increase (after inflation) in their wages, despite working longer hours on average. Tough decade.... Not one that I'd point to as any sort of 'shining example' of great economic success....