s skippy the bush kangaroo

skippy the bush kangaroo

Sunday, May 08, 2005

report cards are in...a few 1600 crew children were left behind in economics 101

the center for american progress issued a report card for president bush.

the numbers below are for 2000-2004

the financial markets
s&p 500 -15%
nasdaq -36%
dow jones -5.3%

consumer income and expenses and standard of living
price of a gallon of gas +46%
real value of the minimum wage -7%
median household income -4%
average cost of 4-year public college +24%
poverty rate +11%
americans filing for bankruptcy +33%
annual increase in prescription drug prices (from 4.1% t0 6.8%) +68%
number of americans without health insurance +18%

federal finances
federal debt +39%
monthly trade deficit +75%
annual trade deficit +53%

the dollar
dollar versus euro -30%
dollar versus yen -11%

consumer debt
home mortgage borrowing +100%
total outstanding consumer debt +28%
household debt as a percentage of assets: +20%
household debt as a percentage of gdp +21%

big tips of the kangaroo tail to bonddad's daily kos diary and the delightful named yes, i do take it personally.

i heartily agree with bonddad's suggestion of "posting these figures at work, use them in emails, shave them into your head, whatever. get the word out."
posted by SantaBarbarian at 1:52 AM |


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