Household incomes fall for the first time during Bush years - Center for American Progress

[JohnWxy]

This report came out a year ago but it deserves a reprise, given all the bullshit the GOP is spreading about how they know how achieve job growth. M$M would have you believe Obama created the REPUBLICAN DYSTOPIA. Nope, it took a decade of idiocy and irresponsibility on the part of the good ol' GOP.

Print out these articles and show them around. See if you can make people look at the facts. Save these links and use them in comments on media sites. I suggest, no, urge all DUers, and all thinking people, get on a media site (e.g. http://www.usatoday.com/news/default.htm#Register">USA Today registration) and start commenting on articles. you don't have to comment every day. I know you're thinking: "But how many people read comments to articles?" ... well, the newspaper, or web-site does. And wouldn't it be nice if they saw some comments from people who actually THINK!?...instead of just from the idiots who post so many of the comments? Who knows, you just might make a difference (especially if quite a few thinking people started posting).

http://www.americanprogress.org/issues/2009/02/pdf/picker_jobs.pdf">Supply Side Tax Cuts Failed to Deliver Jobs and Income Growth between 2001 and 2007

Looking at median household incomes is even more telling than median wage growth because it gives a better sense of a family’s total resources. Whereas a high median wage might be offset by fewer hours worked, median income is an overall measure of income. The Bush economic cycle saw the first decline in median household incomes of any cycle since 1967, when the Census Bureau began tracking household data (see Chart 5).

The Aughts Were the Worst Decade in 70 years

The Aughts - the Lost Decade for U.S. Economy and Workers

http://www.washingtonpost.com/wp-dyn/content/graphic/2010/01/01/GR2010010101478.html

For most of the past 70 years, the U.S. economy has grown at a steady clip, generating perpetually higher incomes and wealth for American households. But since 2000, the story is starkly different.

The past decade was the worst for the U.S. economy in modern times, a sharp reversal from a long period of prosperity that is leading economists and policymakers to fundamentally rethink the underpinnings of the nation's growth.

It was, according to a wide range of data, a lost decade for American workers. The decade began in a moment of triumphalism -- there was a current of thought among economists in 1999 that recessions were a thing of the past. By the end, there were two, bookends to a debt-driven expansion that was neither robust nor sustainable.

There has been zero net job creation since December 1999. No previous decade going back to the 1940s had job growth of less than 20 percent. Economic output rose at its slowest rate of any decade since the 1930s as well.

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[BootinUp]

1. Thanks

for the depressing information, lol. Seriously though, people do need to become educated on these things. We are still in the grips of the effects of years of propaganda on economic policy (not to mention other areas of government policy).

[pnorman]

2. K & R!

n/t

[liberal N proud]

3. If we could only get the talking heads to point these facts out

The the country is in this hole because of actions taken during the bu$h regime.

They ignore this monumental fact in a rush to blame the current party in power. America can never see cause and effect when it comes to politics. It is always passion of the moment that people use when they get inside the voting booth.

[JohnWxy]

7. The GOP's Cloak of Invisibility - courtesy of M$M

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=103&topic_id=552566

Any problems rebuilding the economy from the Republicans' Deregulation Depression are all Obama's fault. The GOP are invisible. M$M won't bring up that the GOP demanded a large part of the original stimulus bill be converted from stimulus spending to tax cuts. The Dems changed one third of the stimulus to tax cuts (something that many econoomist advised against saying the stimulus was too small in the first place and changing some of it to tax cuts made it even less effectual) - tax cuts to people worried about losing their jobs will NOT lead to more spending. People will hold onto the money or pay down debts but they won't go out an create additional spending - wha the economy needs.

THe M$M wont' ask any GOPer "why do you guys vote, en masse, against every jobs bill, every unemplyment extension, even the small business loan bill you voted against. Yet you say you are for job creation. You say you are worring about the national debt yet you want the tax cuts to the wealthy to be continued without having a way to pay for it? so what gives?"
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[classysassy]

4. Murdock and Moon and their propaganda machines

that distort and lie 24/7,should be disbanded and both of those foreign gentleman should be deported.Both are spoken persons for the evil republican party.

[HCE SuiGeneris]

5. K & R

[spinbaby]

6. About the decade of idiocy...

I should point out that they managed to wreck the country in only eight years.