Baghdad Bob, is that you?
Posted on 11/20/2006 10:46:43 AM PST by AT7Saluki
American paychecks are rising again at a pace not seen since the 1990s.
The pay increase amounts to 4 percent on average over the past 12 months, and it comes at a very helpful time for millions of households.
For three years, pay increases haven't kept pace with the rising cost of living. Then came this year's housing slowdown, which has further squeezed family finances.
Those setbacks, however, are now being offset by rising income. Four percent may not sound like much, but you have to look back to 1997 to find a calendar year with a gain that big.
Equally significant, tamer energy prices mean that the "real" wage gains, after inflation, are above 3 percent for the past 12 months. That, too, hasn't happened since the 1990s, even though the economy has been expanding over the past five years.
(Excerpt) Read more at csmonitor.com ...
It's all the homeless re-entering the workforce at $20 per hour!
Remarkable how positive economic headlines seem to be appearing magically once the Democrats won the election.
Ha! They weren't going to run these sorts of articles pre-election, though...
Madame Speaker and her team will put a stop to this disgraceful orgy of greed by raising the minimum wage, raising taxes, raising inflation, and in general raising hell.
Just a question. How does the housing slowdown squeeze family finances? Unless they were living off the equity. Can Anybody explain this?
These are the same Economic Illiterates that used to say we had a surplus in the economy when Clinto was President.
I thought I was missing something. I thought all these people were real estate agents.
You and Rush beat me today in stating the obvious (though not sudden) media bias, in the timing of the release of this news.
You can expect similar "friendly" news reports on anything from (1)any naturally occuring economic good news (thatwould have otherwise been downplayed) up to and including (2)even were the Dims to now propose increasing the troops in Iraq.
The new media mantra must comport with the new "majority" in Washington D.C.
I heard over the weekend that global warming has ended.
New blue goals on Hill: tax cuts out, higher wages in
"We have a low savings rate, energy-dependence issues, and the need to pay for mounting healthcare costs."
...says Joe Quinlan, chief market strategist at Banc of America Capital Management in New York.
Of course people don't have much to save when they're busy working to pay high income taxes, property taxes, sales taxes, fuel taxes, surcharges, fees, and the like.
Of course we're dependent on Middle Eastern oil because we can't drill our own oil or build new refineries or build more clean nuclear energy plants, thanks to the 'Rats and their left-wing environmentalists.
Of course, health care is expensive when the system focuses on cure rather than prevention and is filled with frivolous malpractice lawsuits, thanks to the hordes of lawyers.
No more homeless folks. In just 13 days, the demonRATS have supplied gummint housing to all the homeless...praise the Lord.
Wow, the democrats are really fast. Two weeks after the election, and before they even get back to congress, and they have the economy turned around.
Baghdad Bob, is that you?
"Hillary, would you pick lettuce for $50/hour?"
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