Actually, I wasn't alluding to the Bush administration at all.
On the contrary, I think it is pretty clear that the reason why real wages
haven't increased since 2001 is because of the economic recession kicked off
by 9/11. (Sure, there was some slowing occurring before that, but 9/11 is
what pushed what could have just been a slow spell into a full recession).
The CPI has increased due in a large part to the increased price of energy,
further invalidating the projection.
We're climbing out of the recession now, and energy prices seem to be
stabilizing to a degree, so I fully anticipate that real wages will be on
the increase again shortly.
Saying that the American experiment/standard of living is now going to face
a constant decline based on an extrapolation of numbers since 2001 is an
egregious error, as there were obviously a great number of other factors at
work.
Greg
----- Original Message -----
From: "Gary VanderMolen" <[EMAIL PROTECTED]>
To: "The Hardware List" <[email protected]>
Sent: Sunday, March 05, 2006 7:55 PM
Subject: Re: [H] Failure Cars Standard with Wings was....
Contrary to popular opinion, neither the political party in power
nor the president has much control over the general US economy.
Economic cycles wax and wane, based on many factors so
complex that no one can forecast them with any assurance.
Gary VanderMolen
----- Original Message -----
From: "Greg Sevart" <[EMAIL PROTECTED]>
To: "The Hardware List" <[email protected]>
Sent: Sunday, March 05, 2006 1:18 PM
Subject: Re: [H] Failure Cars Standard with Wings was....
Gee, and I wonder why that is?
</sarcasm>
Check back in a few years; I bet you'll find a positive increase again.
Greg
Jim,
Oh, the standard of living in the USA is driving the world up.
Actually, the "standard of living in the USA" has gone backwards each
and every year of the last five years.
