Forward???

  1. You have chosen to ignore posts from GreginMeffa. Show GreginMeffa's posts

    Forward???

    WASHINGTON — In a fresh sign that the country’s middle class has yet to feel the gains from a weak economic recovery, median household income declined last year to $50,054, a level last seen in 1996, the Census Bureau reported Wednesday. This income measure, adjusted for inflation, was down by 1.5 percent from the previous year. It peaked in 1999, when the median income for American households reached $53,252.

     
  2. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Forward???

    sad reality of failed domestic policy to go with the obviously failed foreign policy!!

     
  3. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Forward???

    "It peaked in 1999, when the median income for American households reached $53,252."

    So you're saying that median household income fell during the Bush Administration?

     
  4. You have chosen to ignore posts from GreginMeffa. Show GreginMeffa's posts

    Re: Forward???

    In response to DirtyWaterLover's comment:

    "It peaked in 1999, when the median income for American households reached $53,252."

    So you're saying that median household income fell during the Bush Administration?

     



    In his last year, yes.

    But this is, "lower than it was in 2007, at the beginning of the recession"

     

    Change

     
  5. You have chosen to ignore posts from GreginMeffa. Show GreginMeffa's posts

    Re: Forward???

    The report also showed the income gap between rich and poor people grew to the widest in more than 40 years in 2011 as the poverty rate remained at almost a two-decade high.

     

    Forward 

     
  6. You have chosen to ignore posts from FaolanofEssex. Show FaolanofEssex's posts

    Re: Forward???

    In response to GreginMeffa's comment:

     

    The report also showed the income gap between rich and poor people grew to the widest in more than 40 years in 2011 as the poverty rate remained at almost a two-decade high.

     

    Forward 

     




     

    That's because the stimulus and TARP were largely designed to help business and not individuals. Now, big business is taking the money from the Bush tax cuts and hoarding it rather than practicing the trickle down economics that the right seems to think is the way to go.

     
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