<\body> Stories in America: Bush's Reality Check

Wednesday, November 23, 2005

Bush's Reality Check

Now here's a map I would proudly put on my wall (thanks, AlterNet):

AlterNet is also running a great piece about Bush's failed policies:

Let's begin by taking the pulse of America's majority population: Working families.

*Pre-tax incomes fell for middle-income families of every type
*After taking into account changes in both pre-tax income and taxes, the finding remains that most middle-income families lost ground
*Family spending on higher insurance co-pays, deductibles, and premiums has escalated in recent years
*Inflation-adjusted income of the median household was unchanged and remains $1,700, or 3.8 percent, below its most recent peak in 1999, according to Monday's release by the U.S. Bureau of the Census
*How about those Bush tax cuts and all the jobs they were going to create?

On Monday, General Motors announced it was cutting 30,000 jobs. This continues a trend we've seen throughout this presidency. One picture is worth one thousand jobs:

How about Bush's free trade deals? How's that working out for us?

The trade deficit so far this year is running at a record annual rate of $706 billion, putting it on track to far surpass the old record of $617.6 billion set last year. We are selling less and buying more from aboard.

Why? For one reason, outsourcing has resulted in everything being manufactured abroad now. Way to go. How bad does the trade deficit have to get before the dollar collapses? Stay tuned, we are well on our way to an answer.

Those tax cuts that were going to stimulate the economy so much, Bush said, would cut the budget deficit in half. How's that going?

The National Debt continues to grow by $3.14 billion per day since September 30, 2005. The total national debt now stands at just a tad over $8 trillion, or $27,200 of debt for all US citizens -- yes, including the kids.

Bush inherited a government operating, not just in the black, but in surplus. How'd he build on that?

First Bush went on a gifting spree, giving nearly $2 trillion of it away in tax give-aways to companies and the already-wealthy. Then he went shopping with the nation's platinum card. Surpluses quickly disappeared and were replaced by end-to-end budget deficits. We'll be adding another $320 billion to that this year. Hell, Bush ran up another $50 billion in debt in October alone. What's in your wallet?


Post a Comment

<< Home