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To: 4rcane

to be fair and objective, both clinton and bush’s economy sucks. They’re both bubble economies, that was built by printed money. The increase in stockmarket prices masked the reality. US dollar dropped 30%. So US lost almost 30% purchasing power during Bush’s term. So even if you were making 5% return in USD term, you were still down in real term


8 posted on 07/21/2009 8:52:22 PM PDT by 4rcane
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To: 4rcane

Back then I didn’t know whats the difference between nomiminal and real value e.g today I get paid $1000/week. Next year, I get paid $2000/week. To most ppl, you’ll think wow, I made alot of money, but money realitive to what? If your salary double, but everything else double in price, you haven’t really gained anything


9 posted on 07/21/2009 8:55:27 PM PDT by 4rcane
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