Way to spin the data to make it sound bad. Now let's look at it OBJECTIVELY:
Report: IRS data shows first-ever consecutive-year drop; loss of jobs blamed.
July 29, 2004: 12:59 PM EDT
NEW YORK (CNN/Money) - Americans' overall income shrank for two consecutive years after stocks plunged in 2000, the first time that has effectively happened since the current tax system was put in place during World War II, according to a published report Thursday.
In other words, the reason for incomes dropping overall is the LOSS OF
JOBS that came for two years following the stock drops of 2000 - OTHERWISE KNOWN AS
Last I checked, job losses during a recession were commonplace. The drop in overall income, as indicated above, was BLAMED SQUARELY ON
THESE JOB LOSSES.
Bush's economic plan, particularly the tax cuts, have cushioned the blow of a recession - even Fed Chairman Alan Greenspan said so!
As usual, nice try - but you're woefully incorrect.
"In this present crisis, government is not the solution to our problem - government IS the problem." - Ronald Reagan
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