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DarkSteven -> RE: The Economy, some good news (8/28/2008 6:56:54 AM)
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quote:
ORIGINAL: NeedToUseYou
okay found the unadjusted numbers, and it appears they are adjusted for inflation. So, that is good news. I'm still wondering though what accumulated debt would do to them. But I was wrong on that point, about Income and inflation adjustment. [:(]
So ashamed, Second time I've been wrong ever. [8|]
In that case, I was wrong too. But the article's author is the one who screwed up by not making his premises clear.
Side note - some of the Clinton era prosperity was the dot-com bubble masquerading as real growth. Part of the reason that the Bush era economy wasn't much worse was the real estate bubble.
The next President will have to deal with the aftermath of the RE bubble collapsing (the agony has been largely deferred until the next Administration) without a new bubble to count on. Ain't gonna be pretty, and the President will have his hands full blaming previous policy, which will of course be easier for a Dem President.
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