The U.S. Dollar continues to drop. Are you finally convinced of the total failure of economic conservatism?
The dollar is at 1.40 euros. And for the first time since 1976, the U.S. and Canadian dollars are equal. Record federal budget deficits. Job growth far behind population growth, therefore “the market” isn’t doing what it should. Wages down in relation to inflation, as opposed to the Clinton years when they went up for the first time since the early 1970s. The mortgage crisis. All these despite the supposed cure-alls of tax cuts and near-record-low interest rates. Who is willing to admit that the economic conservatism they once supported just does not work?
The facts are, 87% of US citizens have less net worth then in 2000, 4% (the richest) have trippled their worth and the rest is stagnant. Waht kills me is, when someboyd says, he makes 20,000 or 40,000 more then in 2000, forgetting that inflation eats that up before he can consume it. Americans are very bad with math.
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