Friday, April 04, 2008

It's not your imagination.

Or mine. It's happening. Via The Gavel
Facts on the Bush Economy:

· The number of Americans jobs has declined in each of the past 3 months by a total of 232,000.

· The unemployment rate increased to 5.1 percent – the highest level since Hurricane Katrina — in March.

· On Wednesday, Federal Reserve Chairman said “A recession is possible… We’re slightly growing at the moment, but we think that there’s a chance that for the first half as a whole there might be a slight contraction.”

· Gas prices have reached a record $3.29 a gallon – 58 cents more than a year ago more than double in 2001—and recently oil prices hit an all-time record high of more than $110 per barrel.

· Since 2001, premiums for family health coverage have climbed 78 percent, with workers paying more than $3,200 per year. A record 47 million Americans are without health insurance.

· Since 2001, the real income of a typical family has fallen by nearly $1,000.

· Economic growth virtually stalled at the end of 2007 with consumer confidence at a 16-year low and consumer spending in February at the slowest in a year.
Buckle up.

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