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“This administration is populated by people who’ve spent their careers bashing government. They’re not just small-government conservatives—they’re Grover Norquist, strangle-it-in-the-bathtub conservatives. It’s a cognitive disconnect for them to be able to do something well in an arena that they have so derided and reviled all these years.”

Senator Hillary Clinton

Thursday, August 26, 2004

Economy hums along: "Brother Can You Spare a Dime"

Another 1.3 million people turned the corner last year into poverty, an increase of 12.1 percent from 2002. They all want to thank the man at the helm.
Approximately 35.8 million people lived below the poverty line in 2003, or about 12.5 percent of the population, according to the bureau. That was up from 34.5 million, or 12.1 percent in 2002.

The rise was more dramatic for children. There were 12.9 million living in poverty last year, or 17.6 percent of the under-18 population. That was an increase of about 800,000 from 2002, when 16.7 percent of all children were in poverty.

Bush's policies also helped to get the job done, if that job was to knock another 2.5 million people off the list of insured:
Nearly 45 million people lacked health insurance, or 15.6 percent of the population. That was up from 43.5 million in 2002, or 15.2 percent, but was a smaller increase than in the two previous years.

And all those tax cuts helped median income do absolutely nothing:
Meanwhile, the median household income, when adjusted for inflation, remained basically flat last year at $43,318. Whites, blacks and Asians saw no noticeable change, but income fell 2.6 percent for Hispanics to $32,997. Whites had the highest income at $47,777.

Oh, and jobless claims came out today, too:
The Labor Department (news - web sites) reported Thursday that new applications for unemployment insurance increased by a seasonally adjusted 10,000 to 343,000 for the week ending Aug. 21. Half of the 10,000 rise was attributed to claims stemming from the hurricane, a Labor Department analyst said.

The increase in claims last week was larger than the rise economists were expecting. Some predicted that claims would increase by around 4,000. The 343,000 level of claims was the highest since July 24.

Now let's get back to Kerry's war record, shall we?