Posted by: soupysays | January 17, 2006

truthiness

President Bush says

In 2005 the American economy turned in a performance that is the envy of the industrialized world, and we did this in spite of higher oil prices and natural disasters. We’re strong, and I’m optimistic about the future of this economy.

Hm. But then you have these “facts” from the Economic Policy Institute (Even more behind the link.)

Consequently, median household income (inflation-adjusted) has fallen five years in a row and was 4% lower in 2004 than in 1999, falling from $46,129 to $44,389.

The personal savings rate is negative for the first time since WWII.

More than 3 million manufacturing jobs have been lost since January 2000.

More children are living in poverty: the child poverty rate increased from 16.2% in 2000 to 17.8% in 2004.

Households are spending more on health care. Family health costs rose 43-45% for married couples with children, single mothers, and young singles from 2000 to 2003.


Responses

  1. Truthiness … get that one from Colbert? He did almost a whole episode on how he made up the word and now it has caught on; so much so it has been added to the dictionary. I wish I still had the Tivo’ed clip because that is good stuff.


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