Average income drops $1500 in last three years.

[wurzel]

THOMAS OLIPHANT article- Boston Globe - Today. From "Buzzflash"

"Prosperity, where are you?"

"Prosperity, where are you? To be more precise, the country's median household income after modest inflation dipped in 2001, 2002, and 2003, for a cumulative drop of more than 3 percent, or $1,500-plus. There was a turnaround last year timed for the election, but few experts expect this year's figure to be better than the 2004 data."

[BlueEyedSon]

1. link

http://www.boston.com/news/globe/editorial_opinion/oped/articles/2005/08/09/prosperity_where_are_you/

[wurzel]

3. I tried to do that and failed.

I "right clicked" and copied and pasted. But it wouldn't come up "blue".

[AllyCat]

2. But, the news said they created more jobs for us.

Gosh, how could that be true? :dunce:

[wurzel]

4. More Jobs! Less pay! We have to have a "level playing field" with China!

And there is only one way to do that. Bush economics WORKS!!!!

[Quakerfriend]

5. Well, my hubbie is in technology and his annual salary

has dropped over 200K since * co. took office. We are holding on, but what kills us the most is the decrease in covered health and dental expenses- and we have "great" insurance.

I keep asking myself, Why aren't people out in the streets?

[bemildred]

6. It's worse than that, the dollar is down (like 30%) too, and

inflation (housing, gas, food) is kicking some Amurkin ass.

[losdiablosgato]

7. That number is low balled!

It is a lot worse.:-(

[wurzel]

8. $1500.00 is a lot of money every year.

[WePurrsevere]

9. Take out the rich who keep getting richer, consider rising prices/interest

and we average Americans of middle and lower class are in a whole yit load of deep deep trouble.

[rodeodance]

10. and BushCo said the other day that it was just a 'perception' problem-

and he and his crew will be out educating people about the positive aspects of the economy. Peoples pockets are starting to empty and bush will educate us. simple simple simple!!!!!

[rodeodance]

11. cut and paste the URL so we have a link please.

[WePurrsevere]

13. Well it IS a "perception problem"... ;-)

HIS.

Geesh and he claimed Gore used "fuzzy math"... BushCo's math isn't just fuzzy it's downright non-existent.

The only plus to this is that if American's don't see more bling and ca ching in their bank accounts and wallets they're not going to believe this crap for long if at all and it will serve quite nicely to make BushCo increasingly less believable.

[rodeodance]

12. THOMAS OLIPHANT--glad to see him back. He was on Imus this am

also. I like his work.

[Jim__]

14. The median is not the average

The median incomeis what the personin the middle ofthe income range is making. Take 5 people, 4 of them make $10,000 per year; one makes $100,000; the average income is $28,000; the median is $10,000. The median is a better measure than the average to tell you how "most"people are doing. My guess is that the average income is actually up - the rich get richer.