i think the investment manager, jerry grantham was right when he said growth depends on real factors. the quantity and quality of education, work ethic, population profile, the quality and quantity of the existing plant and equipment, business organization, the quality of public leadership, and the quality, not quantity, of existing regulations and the degree of enforcement. should beligence invested in real lasting growth will determine whether we made our goal of emerging from the recession as a stronger recession -- as a stronger country. there's another reason why a margin to measures are not enough. the state of our middle-class -- even if our unemployment rate were instantaneously sent back to the 2007 levels, we would still be a country with a declining middle class. we would have levels of inequality we have not seen in nearly a century. that is an issue. about which all of us should be concerned. the middle class was struggling long before the crash hit. since 1980, in actual dollars, the average income of the bottom 90% of americans has not budged. over the same period, the