Monday, February 16, 2009

Less Than

Decade at Bernie’s

Last week the Federal Reserve released the results of the latest Survey of Consumer Finances, a triennial report on the assets and liabilities of American households. The bottom line is that there has been basically no wealth creation at all since the turn of the millennium: the net worth of the average American household, adjusted for inflation, is lower now than it was in 2001.


Thank you Bush! Thank you GOP! All smoke and mirrors, all one big illusion.

I have said it endlessly for 8 years: these guys were a lootocracy. Reverse Robin Hood - steal from the poor and give to the rich. Whether through deregulation or war or crisis-based economics - they had both hands deep into your pockets. Believe it, you are living the proof of that statement.

Prosecution for the endless lies? Is it time?