Closing The Book On The Bush LegacyIt's probably time I update this graph:
Sep 11 2009,
by Ronald Brownstein
The Atlantic
Thursday's annual Census Bureau report on income, poverty and access to health care-the Bureau's principal report card on the well-being of average Americans-closes the books on the economic record of George W. Bush.
It's not a record many Republicans are likely to point to with pride.
I note that Republicans can claim they were right! - The tax-cuts, which predominantly benefitted upper-income Americans - worked like a charm! While median-income households lost earning power, the upper 5% GAINED 1.4% from 2007 to 2008 - not huge, but better than negative!
Recall, as recently as last spring, the Republican solution to economic malaise continues to be , "TAX CUTS"!... for the wealthy, of course. (... or, in Republican parlance, the "job creators"... tho' one might ask, "So how come we gave 'em tax cuts and they're still shedding jobs?")
No comments:
Post a Comment