This
guy has all the right numbers, but comes to the wrong conclusion:
"It is true, bad things have happened. Katrina wiped out a major city and many people are still displaced. GM has announced massive layoffs. Underfunded pension plans are being handed off to the government. Oil, gasoline and natural gas prices have soared. Despite it all, the U.S. economy continues to flourish."
"After all, real average hourly earnings in the U.S. fell 1.6% during the 12 months ending in October."
It's a pretty simple concept: the economy might be solid, however, that dfact alone oesn't raise the boats of everyone participating in it. How can we have a booming economy if people are earning less money? People are worse off now than they were a year ago, worse off than 5 years ago.