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The Great Financial Meltdown of '08
November 5th, 2008
Quote:
Now almost 4 years later here's where we are: * Economic growth is 1.9% * Worker productivity?the amount of goods andservices produced in an hour of work in the nonfarm business economy is down .9% * Unemployment remains at 8.2% (when those who have stopped looking for work are factored in it's more like 15%) * African American unemployment remains well above average: 14.4% * Household income continues to drop. * Income inequality is on the rise * Poverty continues to rise: at 15.1% it's the highest since 1993 * Employer sponsored benefits dissapear * Total family wealth is down $10.9 trillion * 1 in 8 home mortgages are still delinquent or in foreclosure So how has Obama done? And more importantly, have we done anything to prevent another financial meltdown like in 2008?
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