Tuesday, April 08, 2008

We Asked For It – Whatever “IT” is

In just a little over one year

A little over one year ago:

  • Consumer confidence stood at a 2 1/2 year high;
  • Regular gasoline sold for $2.19 a gallon;
  • the unemployment rate was 4.5%


 


 

Since voting in a Democratic Congress in 2006 we're seen:


 

  • Consumer confidence plummet;
  • the cost of regular gasoline soar to over $3 a gallon;
  • Unemployment is up to 5% (a 10% increase);
  • American households have seen $2.3 trillion in equity value evaporate (stock and mutual fund losses);
  • Americans have seen their home equity drop by $1.2 trillion dollars;
  • 1% of American homes are in foreclosure.


America voted for change in 2006, and we got it!

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