Update on Kerry's Shrinking Middle Class -- Still Shrinking in 2003
Posted: Thu Sep 16, 2004 8:38 am
In factcheck's Aug. 3 article , "Kerry's Dubious Economics," they said Kerry based his claim that "our great middle class is shrinking" on some pretty stale numbers.
Factcheck claimed that his statement "may well be untrue" because it was based on 2002 figures and didn't account for recent economic growth. Now fresh numbers are available -- and Kerry's statement is looking a lot better.
Kerry's other economic statements remain at least as dubious as factcheck reported. Recent figures show inflation-adjusted hourly earnings actually went up in July just as Kerry was announcing that "wages are falling," for example.
http://www.factcheck.org/article.aspx?docID=249
Factcheck claimed that his statement "may well be untrue" because it was based on 2002 figures and didn't account for recent economic growth. Now fresh numbers are available -- and Kerry's statement is looking a lot better.
Kerry's other economic statements remain at least as dubious as factcheck reported. Recent figures show inflation-adjusted hourly earnings actually went up in July just as Kerry was announcing that "wages are falling," for example.
http://www.factcheck.org/article.aspx?docID=249