Why are Republicans so whiny? Wealth creation data.

[ShcShc11 0]

http://imageshack.us/photo/my-images/827/realwealth.jpg/

Real net worth of households per capita.
...

There is this constant fingerpointing yet there was no real wealth creation during 2000-2008. Everything that has been gained was gone in a matter of months.

There was simply no real wealth creation during those eight years (it was essentially a ponzi-style economy).


See the link: we can see what happened with the housing bust which is why conventional monetary policy wasn't and still isin't enough.

So it boggles my mind that there is so much fingerpointing yet a total opposition to unconventional monetary policy (remember when they wanted Ben Bernanke to be "hanged" and ending up playing the blame game)..


Cheers!
Shc