Bottom Line On The Bush Economy: Bad News

For Working People And For Women.

Workers' Incomes Going Backward. News reports this week confirmed what American families know: as a result of George Bush's economic policies, household budgets are being squeezed by rising prices for essentials like health care and gasoline prices -- while wages are not keeping up.
The Wall Street Journal reports "declines in working houses, low wages, hurt workers."
D'uh.
Hourly earnings of non-management workers including nurses and teachers, went down for the second month in a row this June. The Chief Economist for Morgan Stanley says "...fully 81 % of total job growth over the past year was concentrated in low-end occupations...This puts households under enormous pressures."

The New York Times writes that that the average take-home pay for workers, adjusted for inflation, is actually less than it was in January, 2004. In fact, it is "the lowest level of weekly pay since October 1991" -- when that other Bush was President!!Next time George W. Bush tells us the economy is "good news" -- remember the millions of hard working Americans who are getting bad news every week in their pay checks.

Republican Quotes Of The Week.

"Despite these overwhelming problems facing our nation's manufacturers, I must say I have yet to see any significant action on the behalf of the administration to respond..."
- Sen. George Voinovich, (R-IA) 7-15-04

"President George Bush should have been more skeptical about economists' predictions regarding jobs created by tax cuts totaling $1.7 trillion over 10 years, a Senate ally said. 'His economists screwed up'. Bush was not right in not questioning his economists."
-Senator Charles Grassley [Bloomberg, 4/15/04]