The Bush Boom

Here’s more evidence of the booming economy under President Bush and the Republicans.

The average income of American families, after adjusting for inflation, declined by 2.3 percent in 2004 compared to 2001 while their net worth rose but at a slower pace....
The median, or midpoint for net worth rose by 1.5 percent to $93,100 from 2001 to 2004. That growth was far below the 10.3 percent gain in median net worth from 1998 to 2001...

Just to be clear, that’s a 1.5 percent increase in median net worth during the Bush years, compared to a 10.3 percent increase during the Clinton years.