Thursday, November 12, 2009

America's Lost Decade

When the last remnants of the Bush Administration and the incoming Obama started trying to fix the economic depression (oops, I mean debacle) economists talked about Japan's lost decade (meaning the 1990s) which there was an economic stabilization but no growth. These economists were warning our policy makers to not create a recovery where "no one wins."

But really, this past decade has already been a lost decade for Americans. Finally someone wrote about it here. And if you begin to examine the signs, or so-called "green shoots," where the Obama Administration is claiming there is a recovery, you will see it sure isn't impacting main street.

And this could be the political reaction.

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