Wouldn't it be nice to take a time machine back 20 years to 1990 when George Bush, Sr. was President, no one ever heard of 'Iraq', much less could identify it on a map and the greatest offense a VP made was supposedly not spelling 'potato' correctly. A more innocent time where people actually bought Vanilla Ice & MC Hammer (each sold over 11 million records back then) and for kids, the big fad was Teenage Mutant Ninja Turtles.
Prices of most items were also better 20 yrs back:
~ Today the Dow is over 11,000. It is inflated due to hundred of billions of dollars the Fed has purposely pumped into it, in order to give the impression that Wall St. is 'strong'. Without the phony money, the Dow would really be at around 7000 based on current economic realities.
** It would take $162.44 today to be the equivalent of $100 in 1990
In 1990 average new house cost $123,000.00
~ In 2005, ave. new house cost $256,000 due to constant house flipping and speculating which was part of the housing bubble which popped in 2007 and which we're still feeling the affects
In 1990 the average income per year was $28,970.00 (1999 was $40,810.00)
~ 2009 average income was approx $47,000. Between 1990-99, income went up on average $12,000. Between 1999 and 2009, income went up on average $7,000
In 1990 the average cost of new car was $16,000.00
~ In 2007, average car price was $27,958- that's an increase of 80% from 1990
Cost of a gallon of gas was $1.34 ~ today it is $2.79
Cost of a first-class stamp: $0.25 ~ today it is $0.44
Cost of a gallon of Milk: $2.78 ~today, between $3.25- $3.85
Cost of a loaf of Bread: $0.79 ~ today, it is $2.79
Cost of 1lb hamburger meat: $0.99 ~today is is $3.99