No wealth creation at all since 2001

By GottaLaff

Who was president from 2001-2008 again? Oh yeah...

The borrow and spend decade.

Paul Krugman: "Last week the Federal Reserve released the results of the latest Survey of Consumer Finances, a triennial report on the assets and liabilities of American households. The bottom line is that there has been basically no wealth creation at all since the turn of the millennium: the net worth of the average American household, adjusted for inflation, is lower now than it was in 2001."

But remember: It's the Obama Recession. Bush was just a passive observer of the events that befell him.