"Are You Better Off Than You Were Four Years Ago?"
Green Energy

"Are You Better Off Than You Were Four Years Ago?"


Ronald Reagan posed this question in his Presidential debate with Jimmy Carter:



A Long, Steep Drop for Americans' Standard of Living
Think life is not as good as it used to be, at least in terms of your wallet? You'd be right about that. The standard of living for Americans has fallen longer and more steeply over the past three years than at any time since the US government began recording it five decades ago.

Bottom line: The average individual now has $1,315 less in disposable income than he or she did three years ago at the onset of the Great Recession – even though the recession ended, technically speaking, in mid-2009. That means less money to spend at the spa or the movies, less for vacations, new carpeting for the house, or dinner at a restaurant.
In short, it means a less vibrant economy, with more Americans spending primarily on necessities. The diminished standard of living, moreover, is squeezing the middle class ...




- The Obama Recovery.. In Which The Private Sector Is Doing Fine, And Any Private Success Belongs To ‘the People’ - Who Built The Roads
The typical household income for people age 55 to 64 years old is almost 10 percent less in today’s dollars than it was when the recovery officially began three years ago, according to a new report from Sentier Research, a data analysis company that...

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I know my family is living at roughly the same income level we lived at in 1993-94. But the bills are a lot higher now. . . WaPo: Fed: Americans’ wealth dropped 40 percent By Ylan Q. Mui, Updated: Monday, June 11, 5:04 PMThe Washington Post The Great...

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IBD: Dependency Index Surges 23% Under President Obama By JOHN MERLINE, INVESTOR'S BUSINESS DAILY re View Enlarged ImageThe American public's dependence on the federal government shot up 23% in just two years under President Obama, with 67 million...

- The Great Depression And Today's Ailing Economy
In the January 2012 edition of Vanity Fair, Joseph E. Stiglitz writes the following: ...For the past several years, Bruce Greenwald and I have been engaged in research on an alternative theory of the Depression—and an alternative analysis of what is...

- Unemployment 8.6%, Why Do I Hear No Hoorays (except At Time Mag)?
Time:American Unemployment Falls to 8.6%: Amazing News, But Is It a Game Changer? What’s more, the jobless percentage, which fell to 8.6% in November from 9.0% a month before, was the lowest it’s been in two and a half years. This alone is good news...



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