On the recordMay 4, 2006
last week's economic news underscored major flaws with the Bush economic policies. The economy is growing and productivity is high, but the benefits of growth are showing up in the bottom lines of companies, not in the paychecks of American workers. Last Friday, while the Commerce Department reported a rebound in GDP from a weak fourth quarter, the Labor Department reported that a key measure of the compensation paid to workers failed to keep up with increases in the cost of living. The typical family is seeing its economy squeezed by rising costs of gasoline, health care, and college educations. The President and his colleagues on the other side of the aisle are more interested in fiscal policies that worsen the budget deficit than in addressing the real economic challenges that are facing America's working families. ____________________
Source
govinfo.gov




