"It should have been a good year for American families: the economy grew 4.2 percent, its best performance since 1999. Yet most families actually lost economic ground. Real median household income - the income of households in the middle of the income distribution, adjusted for inflation - fell for the fifth year in a row."
Apart from anything else, the "lost economic ground" to which Krugman refers is so statistically insignificant that the Census Bureau release states that real median household income "remained unchanged between 2003 and 2004 at $44,389", and that 2004 was "the second consecutive year that households did not experience an annual change in real median income". The drop to which Krugman referred was a $93 change that fell well within the Census Bureau's $126 margin of error. "The Median Household lost statistically insignificant economic ground" doesn't have quite the polemic ring to it, though.
Tim, forget Krugman. By this rightie's own admission, the economy grew between 2003-2004. So then, why did median income remain unchanged? I would really like an answer to my question.
The reason being is because all this BS from the right is tiring and gets us no where. If nothing will convince you, then tell us so we take care of the problem on our own. And let me assure you, there is problem. Forget for the moment all the income figures the economists are focusing on. Consistently Americans have polled that they think the economy stinks; that they are falling further behind. At what point does this stuff stop being political for you guys? At what point, do you start to focus on the problem? If you don't believe the economists, do you believe Americans.......or do you tell yourself that they are being political as well? Is the only thing that matters to you all is money and terrorism? Because that's what it sure looks like.
Seriously, this country is going no where between the wars that drain us economically and the divisiveness that exists between the two halves of the population. If we don't get to some place of commonality, we're going down the tubes. |
