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Re: No Recession Yet - GDP up in Q1-2008
Quote:
Originally Posted by timj219
Sometimes it seems like nobody here works for a living. Because wage growth has been flat to negative since 2001 but so many here are always touting the growing economy as if the statisitcs quoted have some relevance to real world economic concerns like buying groceries and paying utility bills.
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Absolutely...this is the first generation since the depression that a worker entering into the same job, at the same plant - will make LESS actual dollar per hour than 10 years ago.
Not to mention reduction in benefits, high food costs etc. - no doubt for the blue collar Joe - this economy is nothing less than hell.
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The most serious threat to the United States is not someone hiding in a cave in Afghanistan or Pakistan, but our own fiscal irresponsibility 2008 - David Walker, Controller General of the United States
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