NY13 Blog; Retaking NY-13 from Rep. Vito Fossella

Following the corruption, ineffectiveness and hypocrisy of Rep. Vito Fossella.

Saturday, September 01, 2007

LTE: Bush and Fossella gravy train

In a recent 'Letter to the Editor' (LTE) in the SI Advance a writer comments on the economic state of Americans and our country after years of Bush and Republican policies;

Since Bush took office, 5.4 million Americans have slipped out of the middle class and into poverty; nearly 7 million Americans have lost their health insurance; median household income has gone down by nearly $1,300; 3 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 and 4.9 percent respectively; 3 million American workers have lost their pensions. 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 3 million Americans (Bush and friends) earn nearly as much income as the bottom 150 million (the rest of us) combined. [SI Advance]

Labels: , , ,


Post a Comment

<< Home