Monday, May 07, 2007

Bush and the Economy

If I ask some Republicans to name one thing Bush has done well, they often say that the economy is doing well. The Democratic Caucus's Senate Journal has a report: Middle-Class Life Under Bush: Less Affordable and Less Secure. "President Bush's record of fiscal incompetence and mismanagement, and Republicans' close ties with special interests, have helped lead to both lower wages on the one hand and skyrocketing costs for basic necessities like gas, health care, and college tuition on the other. "

Worst job creation record since Hoover Administration
Unemployment has increased 7.1 percent and long-term joblessness has nearly doubled
While families work harder, their wages continue to decline
Earnings for workers with college degrees declining

It also lists things the Democrats are trying to do to improve things.

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