Tuesday, November 11, 2008

Success Starts with W.

Can it be that the economic policies of the Bush administration have been this successful? Under Bush, those in poverty fell dramatically, while the number of families making over $100,000/year has skyrocketed to one in four!

In 1996, only 9 percent of the electorate said their family income was that high. Last week it had grown to 26 percent — more than one in four voters. And those making over $75,000 are up to 15 percent from 9 percent. Put another way, more than 40 percent of those voting earned over $75,000, making this the highest-income electorate in history.
It seems that W. should be known as the first poor president.

The poorest segment of the electorate, those making under $15,000, has shrunk from 11 percent to 6 percent over the past dozen years. And those making $15,000 to $30,000 annually — the working poor — also shrunk from 23 percent to 12 percent of the electorate.

At the same time, the voters have become more racially diverse (with white voters dropping 9 points from 1996 to 74 percent of the electorate and minorities) and better educated — voters who had attended some college are surging.

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