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 â€“ 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....
yes, this is a long steep drop in standard of living. Life is not what it was. We want it to be and this makes us like dreamy ostriches, sticking our heads in the sand.
Or we get mad and "blame the other party."
I have had my eyes open. Both parties have participated in the trillions of dollars huge move of power from the nation to the private hands.
May the Lord forgive us for our arrogance and ignorance.
The old-fashioned protestant work ethic came from the land--from legitimate, respectable work. Its the land, the natural growing of foods, and dealing with human beings, instead of huge nameless, faceless systems... this is how people will survive. The corp. will not save.
The only export coming from us is wore and chemicals. So expect more of it. Won't do us a lick of good either, just bring more sorrow. Hey, if a good economy can be built off of the destruction of others, still not worth losing your soul for such filthy lucre.
Jim Lincoln wrote: Yes, thanks to the lack of law enforcement in the financial arena by Clinton and Enron Bush.
From this news story:
"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."