Wednesday, August 5, 2009

Its flat as a board

The Obama US stimulus package has done nothing for US household income. It has been broadly flat for the last 2 and a half years.

If anyone is wondering about the spike in early 2008, that is the Bush stimulus package. It had the longgevity of a greenfly.

If the US is going to recover, consumption has to increase. That means that disposible income is going to have to do more than just flat-line.

1 comment:

  1. So that's why Timmy Geithner is planning to substantially increase our taxes on income! So our household incomes can go up, right?

    Now I understand! I was soooo confused there for a while...