How Will The Bush Administration Spin This?
Posted by on August 30, 2006 at 09:40 AM
A dismal outlook:
If you’re still harboring the notion that the economy is “good,” prepare to be disabused.
Even the best number from yesterday’s Census Bureau report for 2005 is bad news for most Americans. It shows that median income rose 1.1 percent last year, to $46,326, the first increase since it peaked in 1999. But the entire increase is attributable to the 23 million households headed by someone over age 65. So the gain is likely from investment income and Social Security, not wages and salaries.
For the other 91 million households, the median dropped, by half a percent, or $275. Incomes for the under-65 crowd were hurt by a decline in wages and salaries among full-time working men for the second year in a row, and among full-time working women for the third straight year. In all, median income for the under-65 group was $2,000 lower in 2005 than in 2001, when the last recession bottomed out.
Despite the Bush-era expansion, the number of Americans living in poverty in 2005 — 37 million — was the same as in 2004. This is the first time the number has not risen since 2000. But the share of the population now in poverty — 12.6 percent — is still higher than at the trough of the last recession, when it was 11.7 percent. And among the poor, 43 percent were living below half the poverty line in 2005 — $7,800 for a family of three. That’s the highest percentage of people in “deep poverty” since the government started keeping track of those numbers in 1975.
As for the uninsured, their ranks grew in 2005 by 1.3 million people, to a record 46.6 million, or 15.9 percent. That’s also worse than the recession year 2001, reflecting the rising costs of health coverage and a dearth of initiatives to help families and companies cope with the burden. For the first time since 1998, the percentage of uninsured children increased in 2005.
Comments (9) «
I read somewhere that 20% of the children in America live in poverty,the highest level of childhood poverty of any western nation. So far, we have managed to spend $400 BILLION in Iraq while cutting back on medicaid and medicare for our poor and our elderly poor. It is written,"He that does not provide for his own,'specially those of his own house {nation } hath denieged the faith and is worse than an infidel." If we really could afford to do it, it would be noble of us to build schools, hospitals and electrical grid systems in Iraq, but we can not afford it because we don't even care for our own, What about our children who are growing up in poverty, what about our elderly who are in poverty and can not get health care? I wish that 400 billion had not been squandered in Iraq, I wish that the Republican Party had not stolen over another 100 billion of the tax payers money through earmarked bills that George W. Bush could have and should have vetoed. If we had that 600 billion to work with, we could have made a constructive start on solving some of our own problems. Those who do not provede for the people of this country and who use deception in all thier doimgs will face the rath of God, after they face the rath of the voters. Go Democrats!
The Democrats have always been capable of steering our economy toward recovery and even excellence. The Republicans had their chance. They blew it. Now let's put people into office who know what they're doing and who represent ALL of the American people.
By the time Bush and his fellow crooks get done with America we will be an authentic Third World country where our civil and voting rights are stripped, our health and medical care are non-existent, the policies that are placed upon us by the federal government are unattainable (such as the No Child Left Behind law -- impossible to fulfill, especially with no money to support it), and the promises from the administration are merely teases.
How's this for Bush/Repulican governance? In the census report for 2005, Plano, Texas, had the highest median household income in the country of $71,560; Texas also had the highest percentage of citizens without health insurance, of 24.5% And brother Bush? 20.3% of the population of Florida had no health insurance, No. 3 in the country (New Mexico is dubious No. 2)
How's this for Bush/Repulican governance? In the census report for 2005, Plano, Texas, had the highest median household income in the country of $71,560; Texas also had the highest percentage of citizens without health insurance, of 24.5% And brother Bush? 20.3% of the population of Florida had no health insurance, No. 3 in the country (New Mexico is dubious No. 2)
400 billion dollars wasted in Iraq? My lord, that's all we have to put in our campaign ads this fall.
It won't be long before this administration puts the Republican Party back into minority status. Either "you spend and tax" or "tax less, but spend less." It's common sense simple, but Bush and his cronies can't even figure it out. In times of prosperity you save for the disasters ahead. Must be because it is so "patriotic" to slowly bankrupt your own country. We are only as strong as the weakest link here.
Why a majority of people are not educated on the issues and are not yet pissed off about the wasteful spending of money we don't even have...just blows my mind!
The Bush administration claims large numbers of jobs created, however they don't classify the types of jobs.
Many of the jobs created during the Bush administration are temporary jobs, with lower pay, and few or no benefits.
The number of temporary staffing agencies has exploded in the last 5 to 7 years. Many companies are operating entire departments with only temporary laborers. This is at the expense of this country's workforce.
This administration has allowed corporations to attack the middle and lower income workforce, the backbone of our economy, from all directions. First corporate America will outsource your job to another country, or replace you with temporary labor. If they can't do that, they need only turn to the millions of illegal immigrants who are able to cross our southern border because of Bush's absolute refusal to secure our borders.
Bush spins and spins his poor performance, as if it's something special. Yet, we all know better. It's the Republican way to twist the facts to lead everyone to believe that they had ,figurtively, re-invented the wheel. It doesn't matter the issue, Bush has failed in completing the job. I know it's a shocker. Yes, the adorable son has not met the mandate of this country. The "stay the course" approach to running this country is ruining our economy. We have 60-something more days to spread the word to change the make-up of our Senate, and House.
If I were President Bush, I would come back to and spin it like this:
"These are difficult times we are going thru".
Do not forget that all the spending in Iraq (war and private contracts) has had the blessing of the majority of the Democrats in Congress, particularly those afraid of the Jewish Lobby. I am not the only one guilty here...
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