posted by leo
on Wed, 03/26/2008 - 10:37
Naturally when the Wall Street Journal calls this a 'Lost Decade', they're referring to the stock market:
Over the past 200 years, the stock market's steady upward march occasionally has been disrupted for long stretches, most recently during the Great Depression and the inflation-plagued 1970s. The current market turmoil suggests that we may be in another lost decade.
But there's no reason why we should limit ourselves to just that. A whole slew of things have either been put on hold or knocked back a few steps: global warming, peace in the Middle East, universal health care, etc.
We've lost ground in so many areas. That's the true 'Bush Legacy'. It'll take us a decade just to get back to where we were.
Issue:
