There are two very simple questions that need to be asked over the next eighteen months. The first is, Are you better off than you were four years ago?
If the answer is “Yes,” the second question is even more blunt: Really? How are you managing that?
|March ’07||March ’11|
|Gas price (per gallon)||$2.56||$3.60|
|National Debt||8.84 trillion||14.27 trillion|
|Monthly deficit||95 billion||189 billion|
|Median House Price*||$262,600||$202,100|
|S&P 500 Index||1420.86||1332.31|
|Consumer Price Index*||205.532||221.309|
(Items with an * are using February 2011 data)
…because the rest of the country’s kind of getting hammered, here.
Moe Lane (crosspost)