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Are We Better Off Than We Were Eight Years Ago?

In an effort to sound caring, Mitt Romney and John McCain couldn’t bring themselves to say yes. Mike Huckabee and Ron Paul said no. This is ridiculous. Our economy is $3.2 trillion larger than it was in 2000 (in constant dollars, up 20 percent). Per capita income has risen from $34,000 to $44,000 (in constant dollars, up by 10 percent). Inflation has been historically low — at least until the last two quarters. Of course America is better off.

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