The american economy gdp grew with over 150 % in the successes years of 1950 under THE first republican president in twenty years. over 75 % of the middle class population owned a car, and various suberbs emerged. Economic misery is however not invisible in america today with lack of proper health care, and housing problems being rampant. the standard of living have been very high forcing many people into economic misery.
When President Obama made this statement about transparency and the rule of law he was stating that His cabinet's policies will be based strictly on regulation and also that no person in his administration would be above the laws governing all citizens.