It's the tax cuts and the wars, and then the bailouts because of the irresponsible financial sector. All of that was under Bush II. Although the mechanism for tax cuts, wars, and deregulation goes all the way back to nixon and even further.
If not for the tax cuts and the wars we'd be in much better shape than we are now. None of this is here nor there, we are still in better shape than most countries. We will remain _flat_ in growth for a period, which is fine imo, and will allow other countries to catch up. Which is what we want in the end, a relatively equal world.
One can even hope that the top 1% owning 90% of americas wealth (and consequently also a greater share of the worlds wealth) will also shift to a much more respectable number.
A warrior keeps death on the mind from the moment of their first breath to the moment of their last.
  |
  |
