A recent report on the Bush economy tends to confirm our suspicion that while things are definitely improving for the likes of wealthy cockroach-killers like T. DeLay, the rest of us are hanging on by our fingernails. The Bushian economy is so skewed toward the coupon-clippers that it’s almost as if the rest of us don’t exist, especially if we happen to be Blues, viz.:
The number of Americans living in poverty increased by 1.7 million last year, and the median household income declined by 1.1 percent, the Census Bureau reported today. The worsening economic conditions fell heaviest on Midwesterners and nonwhites.
It was the second straight year of adverse changes in both poverty and income, the first two-year downturn since the early 1990’s.
The data, results of the Census Bureau’s annual Current Population Survey, the official barometer for measuring income and poverty rates, showed that lingering negative effects of the recent recession cut across a broad swath of the population. (emphasis added)
So there are three issues here (as there often are):