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Wednesday, November 29, 2006

Griper Blade: Bush Tax Policy is Hurting Families

If you ever want a little break from reality, you have a few choices. You can drink or use drugs, you can somehow put yourself into a coma, or you can head over the the White House website.

The difference between the spin at the WH site and drugs and alcohol though, is that the stuff put out by Tony Snow's press office is confusingly close to reality -- that's what spin is. Consider:

The President's Tax Cuts Have Helped Our Economy Grow Faster Than Any Other Major Developed Nation.


See, that's because the unbelievably wealthy are doing very well. The economy sucks for everyone else.

And there's this:

Recent Paycheck Growth Increases Have Been Larger Than Those In The 1990s Economic Expansion, Compared Either Over The Past Year Or For The Entire Business Cycle.


The blurb goes on to explain that "Real hourly wages for production and non-supervisory workers have increased 2.4 percent in the past 12 months..." But with the current average rate of inflation for the year being over 3%, people are actually losing ground. At the very best, they're only breaking even.

All of which is what a new report by the Center on Budget and Policy Priorities basically confirms...

Read More...

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