Here's the reality:
What I can't believe is how the Republican Party can continue to sucker the ordinary people with its promises of "trickle down" economics and hide glaringly unfair tax cuts for the rich in plain sight.
From the Washington Post article:
"This was the first business cycle where a working-age household ended up worse at the end of it than the beginning, and this in spite of substantial growth in productivity, which should have been able to improve everyone's well-being," said Lawrence Mishel, president of the Economic Policy Institute, a liberal think tank.Notice the anonymous "we" in the above paragraph. That "we" is George Bush and the Republican Party with their pro-business, pro-deregulation, give-away-the-store to the rich, and kick-the-poor-in-the-teeth political philosophy. That's how Bush and the Republicans delivered the worst economy since the Great Depression. They let their buddies, the rich, loot the economy while everybody else was forced to stand and watch.
...
"The problem is that we mismanaged the macroeconomy, and that got us in big trouble," said Nariman Behravesh, chief economist at IHS Global Insight. "The big bad thing that happened was that, in the U.S. and parts of Europe, we let housing bubbles get out of control. That came back to haunt us big-time."
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