On every major measurement (click title to entry - thank you), the Census Bureau report shows that the country lost ground during Bush's two terms. While Bush was in office, the median household income declined, poverty increased, childhood poverty increased even more, and the number of Americans without health insurance spiked. By contrast, the country's condition improved on each of those measures during Bill Clinton's two terms, often substantially.
Date of chart : 12/31/05 11:57 AM
When George Walker Bush FIRST came into office, he wasted no time in seeking a 'melt down' of the economic infrastructure he and Henry Paulson would harvest just before the second term of Bush was completely. How did he accomplish such a task? By proposing OPPORTUNITY for people unable to sustain it !
George Walker Bush 'legislated' the economic collapse and paid for its deployment out of the coffers of the USA Treasury. All of it was done in the name of Compassionate Conservatism, in the 'flag waving' initiative to 'spread the American Dream' among the impoverished. The global economic collapse cost the American Tax Payer $1.7 billion to get it started in 2000.
Housing: Help low-income purchasers, and housing developers
Bush’s main proposals on housing:
Creation of an “American Dream Downpayment Fund” to allow low-income families to use HUD rental vouchers to make a down payment on a home. Bush says this could help as many as 650,000 families become homeowners.
A tax break aimed at real estate investors that would provide them with tax credits of up to 50% of costs, totaling $1.7 billion over five years. This tax credit would provide incentives for private investors to redevelop single-family housing or build new homes for low- and moderate-income Americans. Bush said he expects this plan would build or rehabilitate 100,000 homes in five years.
Individual development accounts giving tax credits and other financial incentives for low-income families to save money for a home purchase, for education costs, or to start a business.
Source: Washington Post, p. G5 Oct 28, 2000
Recession's toll: more Americans in poverty, without health insurance (click here)
By Mike Swift and Steve Johnson
Mercury News
Posted: 09/10/2009 07:57:44 AM PDT
Surveying the pain of the first full year of the recession, a new U.S. Census Bureau report shows that household income has dropped, millions more are in poverty — and for the eighth year in a row, fewer Americans are covered by private health insurance.
Given the rising job losses in 2009 that could very well continue into 2010, more people could lose private health insurance and fall below the poverty line, continuing the grim trend, economists and analysts said Thursday....
