Tuesday, June 20, 2006

Inflation Ravages U.S. Wages, Fueling Angst at Bush's Economy

http://www.bloomberg.com/apps/news?pid=email_us&refer=politics&sid=an9UsfFBthUk

Adjusted for inflation, the median income for the top 10 percent of U.S. households rose 2.3 percent between 2001 and 2004, covering much of Bush's first term in office, according to the Federal Reserve's Survey of Consumer Finances, issued in February. For the other 90 percent of households -- which earned less than $184,800 in 2004 -- the median fell 0.5 percent over the same period.

Well there you have it.... supply-side economic policy working its magic.

2 comments:

Jackass said...

this story on NPR day to day.. you heard it here first
http://www.npr.org/templates/story/story.php?storyId=5498078

the kid said...

Fantasyland comes to mind when I think of Bush's economy...