In a breath-taking case of Newspeak, the Bush campaign has hit the trail with a new message: ‘Results Matter.’ [Bush Back on the Trail 07/30/2004 subscription]
How stupid do they think Americans are? Could Michael Moore actually be right?
I hope not, because if this administration is judged on results, America is going to tell them to hit the road, no matter what sort of spin they try to sell on the trail.
The current issue of Business Week just asked "Are You Better Off Than 4 Years Ago?" and gives us a measure of some results so far:
|BETTER OFF NOW THAN FOUR YEARS AGO?|
|From 2000 to 2004, households have been hit with rising costs. But they have also made some gains:|
|WORSE OFF||BETTER OFF|
|Gallon of gasoline: +23%||Nominal median family income: +8%,
(but the real wages of workers have decreased,-2.6% in June)
|Family health-care premium: +49%*
(*2000-2003, up another 10+% this year)
|Monthly mortgage payments on a $250,000 mortgage: -20%
|Tuition, 4-year public college: +40%||Average federal income and payroll tax rate: -2.3 %
(the payroll tax rate did not go down and most people pay more in payroll taxes than income taxes so this has a minimal effect for most taxpayers – and note that it’s an average so it strongly overstates the improvement for middle- and low-income taxpayers)
|Day care and nursery school: +19%||Revolving debt as as percent of aftertax income: -0.5%
(that’s a big help, right?)
|Property taxes: +30%||Overall inflation rate: -1.5%
(insignificant – compare this with the reality of the left column in this table)
|Business Week (Cover story 08/02/04 p.36 subscription)|
Clearly this adminstration’s fiscal policies are a total flop (not to mention the War on Terror, trade, immigration, etc.)
It’s time to flip them out, along with their higher spending, corporate welfare and tax cuts for the rich.
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