from Jim Hightower:
The economy under the current "adminstration'. 2001 2008
EARNING
Median pre-tax household income $49,158 $48,201
decrease for African American households under Bush $2,766
decrease for Asian American households $1,381
decrease for Hispanic households $1,043
decrease for white households $745
WORKING
Salary of full-time minimum-wage earner in 2007 $12,168
Increase in productivity of American workers under Bush 18%
Increase in real earnings of American workers under Bush 9%
Total # manufacturing jobs 17.3 million 14.2 million
National unemployment rate 3.5% 5%
Number unemployed Americans 5.6 million 7.7 million
Number including discouraged or underemployed 9.9 million 13.5 million
LIVING
Americans living in poverty 31.6 million 36.5 million
Americans going hungry according to USDA 31 million 38.2million
Cost of a gallon of milk $3 $3.79
Cost of a loaf of bread $.98 $1.32
Rent, 2-bedroom home, Los Angeles (month) $1,658 $2,229
Rent, 1-bedroom home, Boston (month) $1,453 $2,000
Total consumer credit debt $7.65 trillion $12.8 trillion
Personal savings rate +2.3% -0.5%
HOMEOWNERS & RENTERS
Increase in number of home foreclosures from 2006 68%
Households currently at high risk of foreclosure 2 million
Households paying more than half their income for housing 13 million
Households unable to afford
even the lowest-priced home rentals in the U.S. 2.8 million
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