Friday, September 11, 2009

The Schism Grows....

Two fascinating stories coming out of the Center on Budget and Policy Priorities (CBPP).

First, a release issued by CBPP on 9/10/09 has this to say about the state of our economy:

"Poverty increased, median household income fell, and the percentage of Americans with employer-based health coverage continued to decline in 2008...."

Seems "trickle down" never worked all that well for those on the down-side of the policies.

However, there was good news in a release issued by CBPP on 9/9/09 - for the top income earners:

"Two-thirds of the nation’s total income gains from 2002 to 2007 flowed to the top 1 percent of U.S. households, and that top 1 percent held a larger share of income in 2007 than at any time since 1928..."

Seems Bush/Cheney knew how to enact policies that really rewarded their base - at the expense of everyone else.

Links to the releases below....

Poverty Rose, Median Income Declined, and Job-Based Health Insurance Continued to Weaken in 2008 - Recession Likely to Expand Ranks of Poor and Uninsured in 2009 and 2010

Top 1 Percent of Americans Reaped Two-Thirds of Income Gains in Last Economic Expansion - Income Concentration in 2007 Was at Highest Level Since 1928, New Analysis Shows

2 comments:

Ted K said...

A memory that will stick in my mind for awhile, is shortly after george bush left office he attended a women's basketball game at Baylor University. Of course you know Baylor is down in Texas. It was a big game verses Oklahoma so there was a significant crowd. When he left near the end of the game, he looked back and waved and it was like nobody even saw him.
Dick Cheney has been more lucky. They are going to name a building after him at Wyoming University. That decision only garnered mild protest.

Ted K said...

Yes, him and the librarian. I assume he has friends at Baylor. The librarian came in case all the numbers on the scoreboard got confusing.