Posted by Brian at 6:26 PM
This says it all
There's a lot of interesting stuff in this NY Times editorial, but I think these two items pretty much sum it up.
The median household income last year was still about $1,000 less than in 2000, before the onset of the last recession....
Standard measures of inequality did not increase last year, according to the new census data. But over a longer period, the trend becomes crystal clear: the only group for which earnings in 2006 exceeded those of 2000 were the households in the top five percent of the earnings distribution. For everybody else, they were lower.
This is the economy that Bush and the right-wing pundits (and lots of so-called moderates) have been touting as strong for the last 4 years, and it is--if you are among those King George the Lesser calls his base (not the poor fundamentalists--the uber-rich who've made a killing at their expense).
For the rest of us, not so much. And as the editorial notes, this is about as good as it's going to get, what with the nation's predominant job-creation machine clanking noisily to a stop. I'd like to take a moment to thank everyone who was more afraid of gay people getting married than, well, of anything else worth a damn in 2004. I appreciate it.