SOTU: State Of The Economy Is Failing For Americans Who Need It Most
SOTU: State Of The Economy Is Failing For Americans Who Need It Most
Bush said: “In the long run, Americans can be confident about our economic growth.”
FACT — NUMBER OF AMERICANS LIVING IN POVERTY HAS INCREASED: In 2006, the latest year for which Census Bureau figures are available, 12.3 percent of Americans were living in poverty, compared with 11.7 percent in 2001, the year of the last recession. 36.5 million people were in poverty [Reuters, 1/23/08, Census]
FACT — HOURLY AND WEEKLY WAGES FELL IN 2007: Both hourly and weekly earnings fell in 2007, a sharp reversal from the gains in 2006. After growing by about 2% in 2006, both hourly and weekly earnings fell, after adjusting for inflation, by about 1% last year. [EPI, 1/16/08]
FACT — NUMBER OF UNEMPLOYED IS RISING: Between December 2006 and December 2007, the national unemployment rate increased by 13.6 percent in seasonally adjusted terms, from 4.4 to 5.0 percent. The number of unemployed persons increased by 474,000 to 7.7 million in
December. [BLS]
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7 Responses to “SOTU: State Of The Economy Is Failing For Americans Who Need It Most”
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Someone PLEASE stand up on the floor of the chamber and SCREAM
January 28th, 2008 at 9:20 pmYOU FU(KING TRAITOR!!!!!!
“In the long run, we are all dead.” John Maynard Keynes
January 28th, 2008 at 9:27 pmCould someone give me the actual number of unemployed without government bullshit.
January 28th, 2008 at 9:28 pmThe 3 words I want the next Prez to say as his/her first words after being sowrn in…
January 28th, 2008 at 9:30 pmARREST THESE MEN.
Whitehouse IS TAKING CALLS NOW.
January 28th, 2008 at 10:07 pm1-20-456-1111
Apparently Bush and his rich Republican buddies don’t understand the concept of living week to week. It is so sad that it takes a person having more then one job to make ends meet. Thanks Mr. Hoover, I mean Bush.
January 28th, 2008 at 10:22 pmUmm, Bush, most aware people are made at least a little nervous by all the negative signs of our current economy. And many economists are downright scared.
January 28th, 2008 at 11:14 pm