27 August 2004

The water's still trickling up

Today The Washington Times reports that the U.S. poverty rate rose from 12.1% in 2002 to 12.5% in 2003 while the median household income remained the same. The shrubophilic pundits of the right keep telling us about "recovery" so all I can conclude is that they're looking at a different sector of the population--perhaps that top 1% who made out like bandits from the Shrub tax-cuts.

P.S. Looking at the economy in general, a Reuters article reports that "the U.S. economy grew more slowly in the second quarter than first thought amid shrinking corporate profits and higher imports."

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