Oil prices are surging up, peaking who knows where. Some say $100 a barrel.
Oil company profits are substantial. Some say obscene. Some want a Congressional investigation.
Gas prices at the pump are hurting the middle and working class in America and it will get worse.
The poverty rate is up to 12.7%, with 37.1 million Americans, a third of them children, living below the poverty rate, up 1.1 million people from the year before. This is the fourth consecutive year in a row that poverty has increased in George Bush's America. These are the latest figures from the US Census Bureau for 2004.
Here's a quote from the new Census Bureau report:
Real median household income showed no change between 2003 and 2004. Both the number of people in poverty and the poverty rate increased between 2003 and 2004.
As the inflation rate rose in 2004, the average American's real income stagnated.
Bankruptices are at an all time high.
Foreclosures are the highest ever.
Credit card debt is at an all-time high.
The national debt is at an all-time high. Each and every American owes $145,000.
The cost of education has soared and student loans are being cut.
Welcome to Bush World.
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