What If Washington S Tool Kit Won T Work
Remember, we’ve never been here before. This longest U.S. economic expansion–beginning in early 1991–has been exceptional in many ways. Stock ownership soared: from 32 percent of families in 1989 to 49 percent in 1998, says the Fed. Stock wealth quintupled: from $3.2 trillion at year-end 1989 to $17.1 trillion on March 24, 2000, according to Wilshire Associates. And business investment surged, driven by computer, software and communications technologies: almost 60 percent of all equipment investment in 2000, up from 33 percent in 1990, estimates the Commerce Department....