Showing posts with label lost decade. Show all posts
Showing posts with label lost decade. Show all posts

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.