Wednesday, May 23, 2007

Incomes for the poor are on the rise

It is shameful how the mainstream media (The New York Times, The Boston Globe, CBS, ABC, NBC, MSNBC, CNN and others) serve up the "news" in a recipe designed to convince the American public that socialism is our only salvation. It seems every story is skewed with that purpose in mind. News that contradicts the benefits of socialism just doesn't get much air time.

One of the drumbeats we keep hearing from this media outlet is how the rich are the only ones improving their economic lot and, no less, on the backs of the poor. There is even a presidential candidate running on the slogan of "the two Americas".

What you won't read in these newspapers or hear about on these TV channels is the Congressional Budget Office's newly released study showing that poor families with children have improved their incomes, after being adjusted for inflation, by more than 33% from 1991 to 2005. As a matter of fact the poorest 20% in the U.S. increased their incomes by 78%, while the richest 20% improved their incomes by 54%.

The reasons for this improvement lie with 1996 welfare reform, expansion of the earned income tax credit and tight labor markets. Some 2 million mothers have left the welfare roles for jobs since the mid 1990s.

This is good news for America. You'd think a success story like this would make the front pages and lead the news. Not a chance!

How can you really take anything these people feed us in the daily news seriously?

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