Monday, August 20, 2007

Americans Make Less $$$ in 2005 than Five Years Earlier

It seems all the money that was supposed to trickle down from the uber rich and corporate elites to the masses after the behemoth Bush tax cuts got wedged on their way down between Texas turd blossom and the common folks.

That's right, in an article posted online today, The New York Times reports that Americans make less money in 2005 than they did when Bush initially stole the election in the year 2000.

Americans earned a smaller average income in 2005 than in 2000, the fifth consecutive year that they had to make ends meet with less money than at the peak of the last economic expansion, new government data shows.


Total income listed on tax returns grew every year after World War II, with a single one-year exception, until 2001, making the five-year period of lower average incomes and four years of lower total incomes a new experience for the
majority of Americans born since 1945.

No social mobility during the Bush presidency; welcome to Bush World!

In the meantime, hope you spent your measly tax cuts on a few foreign-made goods -- to make China rich and their economy grow, you know.

But in spite of the bad news, keep the faith, loyal Bushies. And whatever you do now, don't look behind that curtain or you'll find growing deficits, trade imbalances, frazzled financial markets, phones tapped, mail opened, family members dying in New Orleans, Iraq, burning building, mine, bridge....all hiding behind the drapes in plain view.

Comments: Post a Comment

<< Home

This page is powered by Blogger. Isn't yours?