The Case for Dubya

Doug Henwood dhenwood at panix.com
Tue Feb 1 19:07:32 PST 2000


Nathan Newman wrote:


>If you want to summarize the Clinton years, you end up with social programs
>holding roughly even as a percentage of GDP, with the tax burden being
>decreased on the working poor & lower middle class with effective tax rates
>being increased on the wealthy.

Poverty rate in 1989: 11.5%. In 1998, 11.2%.

Poverty line as percent of median income in 1989, 28.9%. In 1998, 27.8%.

Growth in real GDP from 1989 to 1998: 29.6%.

Isn't progress wonderful?

Doug



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