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.
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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...
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