Do not make the mistake of thinking that because my conclusion is the same as another person's that my reasoning is the same
There's a Catch: Jobs
By BOB HERBERT
The president tells us the economy is accelerating, and the statistics seem to bear him out. But don't hold your breath waiting for your standard of living to improve. Bush country is not a good environment for working families.
In the real world, which is the world of families trying to pay their mortgages and get their children off to college, the economy remains troubled. While the analysts and commentators of the comfortable class are assuring us that the president's tax cuts and the billions being spent on Iraq have been good for the gross domestic product, the workaday folks are locked in a less sanguine reality.
It's a reality in which:
� The number of Americans living in poverty has increased by three million in the past two years.
� The median household income has fallen for the past two years.
� The number of dual-income families, particularly those with children under 18, has declined sharply.
The administration can spin its "recovery" any way it wants. But working families can't pay their bills with data about the gross domestic product. They need the income from steady employment. And when it comes to employment, the Bush administration has compiled the worst record since the Great Depression.
Posted by P6 at October 27, 2003 08:04 AM | Trackback URL: http://www.prometheus6.org/mt/mt-tb.cgi/2114Three questions:
Has the poverty line been moved in the past two years, and if so, what metric was it moved in accordance with --
Is the median household income cited being measured in real dollars --
and How many of those dual income families have gone to a single income by choice, because one income was enough to meet the family comfort level, homeschooling, etc?
Sometimes I miss the days when I didn't know a damned thing about economics, and I didn't have the urge to question what my Betters were telling me.