Recession affecting every aspect of American life
USA TODAY
By Haya El Nasser, Paul Overberg and Dennis Cauchon, USA TODAY
The nation’s financial crisis is altering Americans’ way of life from the home and the workplace to the highway and the altar, according to 2009 Census data released Tuesday.
Median household income — the level where half make more and half make less — fell 2.9% from $51,726 in 2008 to $50,221 last year, the second consecutive annual drop, according to the American Community Survey, far-reaching demographic data separate from the 2010 Census.
GENDER GAP: Women close in on male-dominated fields
CENSUS: Income gap between rich and poor got wider in 2009
LIVING TOGETHER: Numbers jump 13%, linked to job losses
POVERTY: People in poverty is highest in 51 years
“The recession has affected every aspect of American life,” says Mark Mather, a demographer at the Population Reference Bureau. “It doesn’t matter if you’re lower income or higher income, highly educated or just have a high school degree.”
People are cautious because they don’t know when the economy will improve, says Robert Lang, an urban sociologist at the University of Nevada-Las Vegas. “They’re risk-averse,” he says. “It’s a short-term crisis but it’s changing long-term expectations. Just like the Great Depression haunted the postwar years, this recession is so deep, its impact may alter the first several decades of this century.”…
http://www.usatoday.com/news/nation/census/2010-09-28-census-american-community-survey_N.htm
Although the December 2007 recession has the behavior of a TIGER, the neocons recognized it as a LAMB. Even in April of 2008, Mr. Bush called it a slowdown. While a recession could be called a “slowdown”, this kind of “slowdown” has a special name – “RECESSION”.
The neocons have a theory about controlling an economy. They theorize that TAX CUTS can control an economy. The reason it’s still theory, after twenty-some-odd years of TAX CUTTING, is there is no evidence to support the neocon tax cut theory. When the neocons, their mouth pieces and their press tell you this – and you want to believe – turn off your common sense latch.
With your common sense latch turned off, it is easier to believe that the RICH will ignore the recession and trickle down those TAX CUT dollars into America’s economic system – thus spurring an economic recovery – understand?
What do Americans do with those Tax Cuts? An article at Bloomberg.com says this:
Rich Americans Save Tax Cuts Instead of Spending, Moody’s Says
That post can be read here.
Tax cuts and war spending are not the things that makes for a wise economic policy. And if the neocons are to transform the American intellect to a state that accepts that tax cut theory, the neocon press and their mouth-pieces will need to continue their impact on the “current events” knowledge base of gullible Americans.
Tags: american life, common sense latch, december 2007, depression, economic policy, financial crisis, neocons, slowdown, tax cuts, the recession has affected every aspect of american life, us census bureau
