Meagan Barth! Are you there? And where are you Chuck DeVore.Â DeMint! You were just in OC.Â Hey Van Tran, I can tell you apart from Lou Correa.Â Scott Baugh, place your notes on your TeaParty Crate and direct your eyes this way.Â A new report authored by a former George W. Bush Treasury Official says The Great Bush Recession cost American Households nearly $100,000 each in lost assets and lost income.Â
So is this another “Blame Bush” post? It sure is. But I have stats. I. Have. Stats.Â See the notes below courtesy of Speaker Pelosi’s office.
|Â New Report: Â Bush Economic Crisis Cost American Households Nearly $100,000 in Lost Income and AssetsÂ Â
A new report by the Pew Financial Reform Project, written by a former Bush Treasury official, details the Â devastating costs to American families of the economic crisis caused by the Republican failure to provide oversight to Wall Street and to invest in a globally competitive economy.
The financial crisis had â€œa massive impact on the United States.Â Millions of American families suffered losses of jobs, incomes, and homes â€“ the effects of these losses will play out on society for generations to come.â€Â
According to the report, the crisis â€“ at its peak â€“ cost the typical American family nearly $100,000 in lost wages and declining stock and home values.
As a result of the failed economic policies of the Bush Administration (from the report) â€“Â Â Â Â
Congressional Democrats, together with President Obama, have been working diligently to ensure economic stability and opportunity for American workers, their families and small businesses.Â
Recent economic data shows the economy is beginning to head in the right direction.Â Why would we go back to the failed Bush policies that created the crisis?Â
Â HOUSEHOLD WEALTH
CONSUMER SPENDING & RETAIL SALES