Tag Archives: Gramm-Leach-Bliley

2010 and America’s Lost Decade

2010 and America’s Lost Decade
Captain Jack

Happy New Year to one and all. May this year bring you the financial relief and medical coverage you so deserve. Let’s take a quick look back at the past decade.

Let’s see, it’s January 2000. The economy is booming, the federal budget is in the black for the first time in decades, we were at a time of relative peace. We trusted our sciences and scientists, we had confidence in our banks. We had some control over our banking sector, even though Gramm-Leach-Bliley act had just been passed but the banking sector insanities hadn’t shifted into high gear, yet.

The middle-class American made almost $1700 more per year than today.

Oh, and did I say that we weren’t in the middle of two middle-eastern wars? Oh I did?

So, what, exactly, can you say that America saw in the past decade that was beneficial? Okay, sure, there were a few Peace Prizes, a few discoveries, oh, and we finally pulled the life support from a long gone dead woman.

You can say it is just a coincidence that these were the Bush years, but no one really believes that it was anything but Bush and the Republican politicians who benefited from everything that is now harming America.