Monday, January 4, 2010

The Lost Decade of Bush


The past decade was the worst for the U.S. economy in modern times, a sharp reversal from a long period of prosperity that is leading economists and policymakers to fundamentally rethink the underpinnings of the nation's growth.

It was, according to a wide range of data, a lost decade for American workers. The decade began in a moment of triumphalism -- there was a current of thought among economists in 1999 that recessions were a thing of the past. By the end, there were two, bookends to a debt-driven expansion that was neither robust nor sustainable.

I hope Sadam's gun keeps Bushie warm at night. (h/t Blue Texan)

I am Frank Chow and I approved this message

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