How Far the Mighty Have Fallen

The bit is from a Reuters' article "Special Report: America's Route to Recovery".

From its peak in 2005 to the second quarter of 2009, U.S. home equity fell 37 percent, or $4.7 trillion, according to the Federal Reserve. To put that into context, China's economic output in 2008 totaled around $4.3 trillion.

By the second quarter of 2009, Americans' total net worth had shrunk 17 percent or $10.7 trillion from its peak in 2007.

The article doesn't really tell me much about 'recovery' but these numbers hammer home the trail of devastation. And this is all from the excessive and fanatical love of Republicans for 'no new taxes' and for 'deregulation' and for a view that 'government is the source of all your problems'. This is a barbarians view of 'society' and those who have sewn the wind have reaped the whirlwind. Tragically, they have taken the other 300 million Americans with them, and a good part of the the other 6 billion people on this planet who didn't as to be taken on the 'ride'.