Latest Fed numbers are that America's net worth has dropped from $65.8 trillion to $53.5 trillion, a loss of $12.3 trillion dollars, since 2007's peak. That's how much this recession has cost us.
We tried to fix it with an $800 million stimulus package, less than ten percent of that amount.
Here endeth the lesson.
Friday, September 17, 2010
Zandar's Thought Of The Day
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