"The private sector is doing fine"

Actually, we're wiped out:

The Great Recession wiped out nearly two decades of Americans’ wealth, according to government data released Monday, with middle-class families bearing the brunt of the decline.

The Federal Reserve said the median net worth of families plunged by 39 percent in just three years, from $126,400 in 2007 to $77,300 in 2010. That puts Americans roughly on par with where they were in 1992.

 

And that's not even counting any further damage done in 2011 (and so far this year).

Those shovel-ready jobs weren't so shovel-ready after all. The private sector is fine.  People say the president is out of touch, but I think he must be high as a kite on something. This is insane.

 

Comments

[Mannie Sherberg]

"This is insane" -- only to sane people. In the insane precincts of the American Left -- and, for that matter, of the international Left -- this is cause for celebration. Generations of fevered Lefties have dreamed of bringing down America and capitalism not by military means but by economic means. They haven't quite succeeded, but no one can deny that they're well on the way. Are there still Americans out there who believe this catastrophe was the result of a random series of innocent mistakes and bad breaks?

[Yael]

Rasmussen: 13% Rate U.S. Economy As Good or Excellent.

[Mannie Sherberg]

Does Rasmussen have a category for "Americans needing commitment to an institution"? Betcha you'll find the same 13% in both categories.