ZadPolBlog

Tuesday, March 30, 2010

Results of Republican Economics

Putting things in perspective.

The Federal Reserve gives Congress a report on the entire wealth of the United States. Every house, small business, large business, stock ownership, 401(k), etc.

In the last 18-months of the Bush Administration, from June 2007 to December 2008, this total wealth dropped from $62T to $50T. In other words, the accumulated value of the United States that was built up over the past 200+ years lost 20% of its value.

That equates to over $40,000 for every man, woman and child in the country. These are facts.

Over two centuries of building saw 20% simply wiped out in just 18 months, thanks to Republican economic policies. Now the very architects of this massive loss of wealth are claiming to be the only one who should be, once again, trusted with control of the US economy. Elections have consequences. Do right by America, and keep Republicans away from the national checkbook until they learn to be responsible with it. Until then, don't be fooled again.

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