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US Incomes Drop Two Years in a ROW! (CNN)

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Worst Username Ever Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-29-04 10:23 AM
Original message
US Incomes Drop Two Years in a ROW! (CNN)
NEW YORK (CNN/Money) - Americans' overall income shrank for two consecutive years after stocks plunged in 2000, the first time that has effectively happened since the current tax system was put in place during World War II, according to a published report Thursday


http://money.cnn.com/2004/07/29/news/economy/income/index.htm?cnn=yes
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Tandalayo_Scheisskopf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-29-04 10:25 AM
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1. Talk about your "Kitchen Table Issues".
Edited on Thu Jul-29-04 10:25 AM by Tandalayo_Scheisskop
This is one that will resonate all the way through the campaigns.
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redqueen Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-29-04 10:26 AM
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2. Heard that on NPR as well
And just yesterday my boss was ranting at me that Dems wouldn't win this election on the Economy, because jobs were now being created, and everything is going great.

But these guys listen to Savage.

:eyes:
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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-29-04 10:30 AM
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3. Income drop + inflation = many pissed off citizens
and rightly so. This is devistating news for Bush.
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