Saturday, August 04, 2007

I hate to be the one to tell you ...

... so I'll let Bernie

[Since George Bush took office] 5.4 million Americans have slipped out of the middle class and into poverty; nearly seven million Americans have lost their health insurance; median household income has gone down by nearly $1,300; three million manufacturing jobs have been lost; the real earnings of college graduates have gone down by about 5 percent; entry level wages for male and female high school graduates have fallen by 3.3 percent and 4.9 percent, respectively; and three million American workers have lost their pensions.

Moreover, Sanders pointed out, home foreclosures are now the highest on record; the personal savings rate is lower than at any time since before the Great Depression; wages and salaries are at the lowest share of gross domestic product since 1929; and the top 300,000 Americans now earn nearly as much income as the bottom 150 million Americans combined. - Senator Bernie Sanders, I-Vermont

Bernie didn't even get to the trade deficits, the huge budget deficits, the dollar plunging against the Euro - Yeah, the 'economy is on fire' all right ....

[h/t to the Thom Hartmann Radio Show]