Pity that the average Joe didn’t see any of that growth though. The average middle class wage-earner now makes less after inflation today (and that’s the ridiculously understated inflation measure they use now that excludes energy from inflation)than they did in 2000. And, of course, lets not forget the folks who had good jobs in tech or manufacturing who lost those jobs during the massive outsourcing earlier this decade, only to see Bush and company replace those jobs with “McJobs” like Wal-Mart greeter.
Of course, those tax cuts and economic growth have been great for the guys like Cheney and Bush who have seen their investment money explode (of course, it helps when you can give multi-billion dollar no-bid government contracts to your old cronies who you still have tons of stock interests in), as well as CEO’s and other top executives who now take home almost 10% of the corporate pie (up from 5% of the corporate pie in the mid-90s). It’s a gangbuster economy for them.
