Decius wrote:

Mike the Usurper wrote:
Well it may not have much of a role in monetary policy, but as we're seeing, it has enormous economic impacts, and appears to be where all that growth went, since it obviously didn't go into the pocket of anyone in the bottom half of US households.

Are we sure? It would be interesting to know. I speculated in my version of this post that the growth may have gone overseas.

Yes. The D in GDP stands for Domestic. Now, there's a second context there too, which is maybe the money took off via corporate set up in the Caymans or something, again, at the point it's not domestic. I strongly suspect, if things like the dummy fronts in Bermuda or Haliburton bailing out and moving their headquarters to Dubai were slapped down the way they should be, the numbers would be even higher, but the money is still not trickling down.

If the economy tanks like Mort Zuckerman is thinking it will, the Republican party will be right back where they were in 1932. Calvin Coolidge said, "The business of America is business." Well, he got that wrong, and his party paid for it until Johnson shoved civil rights through and expelled the dixiecrats (read bigots) from the Democrats. The rich get richer, and the poor... Well there's an old saying, "Eat the rich."

RE: Charting various aspects of life of last 8 years