Sean Patrick Maloney: “the Bush Administration and Washington Republicans continue to tout the success of their economic policies. But their…”

“the Bush Administration and Washington Republicans continue to tout the success of their economic policies. But their economic record actually falls far short of their rhetoric. This week, the Democratic staffs of the House Budget Committee and the Joint Economic Committee released a report showing that employment growth is at its lowest levels since the Eisenhower administration, while inflation-adjusted wages have decreased by 1.3 percent since August of 2003, when the economy stopped losing jobs. Today, the average American worker is spending more hours on the job for less pay. According to the report, median annual household income has decreased by $1,700 after accounting for inflation since President Bush took office back in 2001. While the wealthiest have been rewarded with tax breaks, middle-class workers are really feeling the pinch. Stagnant wages are making it difficult for them to pay for rising housing, health care and gas bills. ____________________”