The US Census shows us how we are doing as a nation

Actually the US Census shows how are are doing….LET’S GO TO THE TOTEBOARD AND SEE HOW TRICKLE DOWN ECONOMICS HAS CHANGED THE USA FOR THE BETTER….or maybe not….. 

http://www.census.gov/prod/2006pubs/p60-231.pdf

In 2005, the National Debt under Bush has increased so drastically that it reached $8 trillion. This means that the average American’s estimated share of national debt will be $24,000 when he leaves office, compared to $500 when he took office.

Since March 2001, the economy has had the lowest job growth of any business cycle since the Great Depression. (http://www.americanprogress.org/atf/cf/%7bE9245FE4-9A2B-43C7-A521-5D6FF2E06E03%7d/SOTU_ECONOMY.PDF)

Responsible for creating a $521 billion dollars budget deficit less than four years after inheriting a $200 billion dollars surplus.

Responsible for the highest US trade deficit ever, totaling to $43 billion dollars.

Of Bush’s proposed $2 trillion tax cut, 43% goes to the wealthiest 1% of Americans.

Proposed a plan to allow illegal immigrants and foreign nationals to work in the United States for up to six years before being sent home. Under the proposed temporary worker plan, an estimated 8 million to 11 million illegal immigrants in the country and foreign nationals outside the country could register with the government to work in the United States for three years which would require billions and billions of taxpayer dollars for the eventual immigrant exodus out of the country and back to their original homes.

Monthly job growth since 2003 is 50% lower under Bush than it was under Clinton (Since August 2003, job growth has averaged 160,000 per month. During Clinton’s eight years in office job growth averaged 236,000 per month).

Under Bush, net national savings have dropped from 4.9% when Bush took office to 1.0% last quarter– its lowest level since the Great Depression. [BEA]

The poverty rate has risen each year since Bush took office from 11.7% in 2001 to 12.7% last year as 4 million people fell into poverty. [Census, Aug. 2005, Table B-1]

Child poverty rate is on the rise—jumping from 16.3% in 2001 to 17.8% in 2004. As 1.3 million children under 18 have fallen into poverty [Census, Aug. 2005, Table B-2]

African American poverty has also jumped every year since Bush took office—from 22.7% in 2001 to 24.7% in 2004 as nearly 1 million (864,000) African Americans have fallen under the poverty line. [Census, Aug. 2005, Table B-1]

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