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August 31, 2005
Poverty Rate Rises
The NY Times reports that the poverty rate reached 12.7%, the fourth straight year for an increase. You can read the entire article here. It seems to me this is a rather bad loss for the old supply side, trickle down team. It merely serves to reinforce the perception that the very rich are getting very much richer and everyone else is not. The Bush team should hope that their economic strategy starts to actually provide something other than low-paying, Wal-Mart type jobs to Americans, otherwise they are going to find themselves in more political do-do.
Posted by Chip Spear at August 31, 2005 10:36 AM
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