Good News! The Rich Get Richer

Good News! The Rich Get Richer:
"There are, of course, obvious reasons the majority of Americans dissent from the White House’s rosy presentation of the economy: Most American households are not, in fact, seeing their economic fortunes improve. GDP is up, but virtually all the growth has gone into corporate profits and the incomes of the highest economic brackets. Wages and incomes for average workers, adjusted for inflation, are down in recent years; the median income for non-elderly households is down 4.8 percent since 2000 (Economic Policy Institute, 8/31/05). The poverty rate is rising, as is the number of people in debt.

But rather than confront these realities, and explore the implications of the White House’s efforts to deny them, most mainstream media instead assisted the Bush team’s PR by themselves feigning confusion over the gap between the official view and the public mood."