Mar 29 2007
Bush’s economy
The righties claim our economy is doing just great. I’m sure George W. Bush and his filthy rich base would agree…
Income Gap Is Widening, Data Shows Income inequality grew significantly in 2005, with the top 1 percent of Americans — those with incomes that year of more than $348,000 — receiving their largest share of national income since 1928, analysis of newly released tax data shows.
The top 10 percent, roughly those earning more than $100,000, also reached a level of income share not seen since before the Depression.
While total reported income in the United States increased almost 9 percent in 2005, the most recent year for which such data is available, average incomes for those in the bottom 90 percent dipped slightly compared with the year before, dropping $172, or 0.6 percent.
The gains went largely to the top 1 percent, whose incomes rose to an average of more than $1.1 million each, an increase of more than $139,000, or about 14 percent.
The new data also shows that the top 300,000 Americans collectively enjoyed almost as much income as the bottom 150 million Americans. Per person, the top group received 440 times as much as the average person in the bottom half earned, nearly doubling the gap from 1980.
5 Responses to “Bush’s economy”
Good for the rich people. Really.
The foreclosure rates hereabouts leaves no doubt as to hw good the Chimpy economic policy has been.
Before too long, you’ll be able to buy a house here for a song. A K-FED song!
Welcome to the Reconstitution blogroll. I beliebve I had you tagged before, but I’ve changed many, many times in the last 2 years
The forclosure rates have nothing to do with the economy and everything to do with idiotic lenders and their zero down BS.
I agree Jenn, good for the HARD WORKING WAGE EARNERS, lefties should give it a try sometime rather than suckling from the government teat (in other words, living on MY TAX MONEY).
Right, Jenn. People living on the streets have nothing to do with the economy.
And Dave… you can keep your tax money. The only thing it is paying for is your president’s misguided war in Iraq anyway. Nobody in this country is living on your blessed tax money.