How's That Bush Boom Working Out For Illinois' Middle Class?
Not well. Political Animal reports that (because the benefits of the recent recovery were so heavily skewed to the richest few) real median household income dropped nationwide by 2.8% from 1999 to 2005. Here in Illinois, it's much worse -- median household income dropped by 10.8% over the same period. That puts Illinois behind all but six states.
The median household is the definition of middle class -- half are doing better, half worse. The middle class is not doing well under the Bush-Johnson approach to the economy.
And the ecomony looks to be cooling off again.