Presidency

Historically-low job growth, declining wages, rising poverty, record deficits, and the worst deterioration of America’s fiscal situation in history characterize the current state of the U.S. economy. President Bush continues to tout tax cuts as the central part of his economic plan, which he claims will “help the economy create new jobs today while permanently raising the wages and living standards of American workers now and in the future.” But the tax cuts have failed to deliver, leaving more people worse off. The typical middle class family is doing no better today than it was 25 years ago, facing stagnant incomes and staggering costs. Next Tuesday, you’ll hear a lot of happy talk about the economy. American Progress has the facts.

The American health care system is broken. Skyrocketing costs have placed enormous burdens on families and small businesses. The United States spends approximately $1.7 trillion — over 15 percent of the nation’s economy — on health care, yet the nation still falls behind on basic health care measures. “Health care costs are seen as the primary threat facing our country’s economy,” and the Bush administration has only made the situation worse. During President Bush’s term, “the number of Americans without health insurance has increased by 6.2 million,” now totaling nearly 46 million.