Are We Better off Now than in 2008? You Betcha!
By Christian E. Weller | September 4, 2012
In short, our economy and financial markets went into a tailspin in the second half of 2008 due to the consequences of conservative economic policies implemented aggressively by the Bush administration.
Fast forward to the summer of 2012. The U.S. economy has added jobs since February 2010, the economy has been growing since June 2009, corporate profits have risen sharply, foreclosures are finally falling, and household wealth is continuing to expand. Instead of a second Great Depression, the actions of the Obama administration resulted in our economy exiting what became known as the Great Recession of 2007–2009 within six months.
Are we better off today than in 2008? You betcha.
[charts galore at:]