Bush Boom/Bust

The new 2007 U.S. Census income, poverty, and health insurance numbers are out. Since I’m paid to do other things than blog, you can read Krugman here and Yglesias here. Report here, but first, this from Krugman, noting that median household income was lower in 2007 (it’s highest point during the Bush administration) than in 2000.

Is the bad economic news all Bush’s fault? No, of course not — but remember, the key argument of the right has always been that tax cuts and deregulation would produce good news, a rising tide that raised all boats. Boy, has that not happened.

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