Boom times, they are a changin' -- Bob Herbert

[Khephra]

By BOB HERBERT
SYNDICATED COLUMNIST

No wonder the sky-high poll numbers for President Bush have collapsed. The fiasco in Iraq is only part of the story. The news on one substantive issue after another could hardly be worse. It's almost as if the president had a team in the White House that was feeding his credibility into a giant shredder.

Despite the administration's relentlessly optimistic chatter about the economy, the Census Bureau reported that the number of Americans living in poverty increased by 1.7 million last year, the second straight annual increase. During those two years, the number of poor Americans has grown by 3 million.

Belt-tightening is in order for the middle class as well. The median household income declined by 1.1 percent, a drop of about $500, to $42,400. It was the second straight year for a decline in that category as well.

Per-capita income decreased, too. It dropped by 1.8 percent, to $22,794 in 2002, the first decline in more than a decade.

Boom times these ain't.

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