People in the middle class don't need an explanation from an economist of the pro-wealthy bias of the Bushist economy:
But it's good to have one anyway.
Adjusted for inflation, median household income dropped by $1,175 between 2000 and 2007, said Elizabeth Warren, professor at Harvard Law School, in written testimony before the Joint Economic Committee.At the same time, the average family is spending $4,655 more on basic expenses, such as gas, housing, food and health insurance.
A friend of mine likes to ask, "Are you better off than you were eight years ago?"
Well, are ya, punk?