Unprecedented Bush: WAGES AND SALARIES DROP FOR UNPRECEDENTED 14th STRAIGHT QUARTER
The Commerce Department data released today on the nation's Gross Domestic Product which measures the overall size of the economy indicate the continuation of a troubling trend for the country's workers. The new data are for the third quarter of 2004 and show that a steadily dropping share of the nation's income is going to wages and salaries. At the same time, data through the second quarter show that the share of GDP going to corporate profits has increased substantially. To a lesser degree, the share of GDP going to employer contributions to insurance and pensions has also risen.
http://www.cbpp.org/10-29-04pov.htm
No wonder Don Evans is resigning. He's made his corporate whores rich and he has to get out of Dodge because the news is leaking out.
What a miserable failure this administration is.
But at least Evans wont have
But at least Evans wont have to pay taxes
Duh
Duh, this is Bush we're talking about. I'm surprised he didn't eliminate the minimum wage. And corporate taxes(did he? maybe he did, tell me if he did.)
No surprise here
Bush wants us to go back to the time where only the strong survive, aka his Rich Buds, and the rest of us can barely make it, or is that whats going on now, he wants us to be in a situation that we have to Rob peter to pay paul to survive, he doesn't care about anyone but himself, this is about him.
Wages
Oh and the minimum wage, whats that, remember Bush doesn't read, and why would it concern him, he doesn't know what it is nor does he care about it. Those before me are right, we are lucky if he doesn't remove it. Of course, not to upset anyone but Kerry was going to raise it to 7.00. So I suppose we will be stuck with what we got, Bush can't handle complicated things, his administration does that for him, he just smerks and signs.