Monday 20 September 2010

America's lost decade$......from Rico

Yes, that was a plural decadeS.

Our economic 40# brains and the talking heads/teleprompter readers tell us about Japan's "lost decade" but fail to mention something:
America has just had it's "lost decade."
a. in real (inflation adjusted) terms median wages are about 5% lower than they were in 2000.
b. The poverty rate is at a 15-year high.
c. The S&P 500 is about 20% lower than ten years ago.

But cheer up and pour three fingers of Das Hopenchangen Koolaid!
- In typical American we can do it bigger style, while the last decade may have been the worst decade for America in fifty years another "lost decade" is just ahead (thanks in no small part to a bloated government and spendaholic politicians and corrupticrats)!

Three cheers for Kenyan Keynesian Socialism!




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