How's That Bush Boom Working Out For Illinois' Middle Class?
Tim Johnson has been a consistent and unapologetic supporter for George Bush's economic policies. So, it is fair to ask, how have those massive tax cuts for the super-wealthy and unrestrained deficit spending worked out for Johnson's constituents?
Not well. Political Animal reports that (because the benefits of the recent recovery were so heavily skewed to the richest few) real median household income dropped nationwide by 2.8% from 1999 to 2005. Here in Illinois, it's much worse -- median household income dropped by 10.8% over the same period. That puts Illinois behind all but six states.
The median household is the definition of middle class -- half are doing better, half worse. The middle class is not doing well under the Bush-Johnson approach to the economy.
And the ecomony looks to be cooling off again.
Not well. Political Animal reports that (because the benefits of the recent recovery were so heavily skewed to the richest few) real median household income dropped nationwide by 2.8% from 1999 to 2005. Here in Illinois, it's much worse -- median household income dropped by 10.8% over the same period. That puts Illinois behind all but six states.
The median household is the definition of middle class -- half are doing better, half worse. The middle class is not doing well under the Bush-Johnson approach to the economy.
And the ecomony looks to be cooling off again.
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