Well, the President did tell us to go shopping, but again it sounds like they're claiming victory too soon as I don't see that resilience today, but it does explain where the money went. Here it is, in their own words.
"The rise in GDP in 2004-07 was undergirded by substantial gains in labor productivity."
The harder you work the less you get, and by eliminating jobs altogether we build productivity. Through "flexibility" we can help 20% of the population to achieve the American dream. That's the plan, cut and dried, that's your future as laid out by your government.
Then there is the Gini coeffient, which is a number used by the CIA to judge income distribution in nations. A scale from 1 to 60, where the lower the number the more equitable the society. European nations score from the high twenties to the low thirties. The United States scores a 45, and just for reference Germany scores a 28, and Guatemala scores a 55. The People's Republic of China scores 46.9 and Costa Rica 49.8 so the US score is closer to Guatemala and China than it is to Germany.
Mexico has long been used as an example of a stilted, stratified economy where a small group of wealthy live among massive poverty, and what is Mexico's Gini score? 46.1
Once again, these are the government's figures. They tell us we live in an equitable and fair economy, where everyone has a equal chance and they don't believe it themselves but will gladly tell you that they do. Because what else can they tell you? The CIA merely documents the statistics and you don't have to read tea leaves to see what the futures holds. Just as they tell you we need to lower trade barriers because everyone else is doing it, because it will be good for us, just you wait and see. Then we'll fix healthcare and Social Security and everyone will be happy. Oh, except that, "In this market-oriented economy, private individuals and business firms make most of the decisions."