Will Warner and Clinton Mention This?

Incomes were rising smartly before the downturn.

By SHARE

Jimmy P. at the DNC—The focus is on the economy today. Interesting timing. First, you had yesterday's IRS numbers which showed that taxpayer incomes finally rose above their 2000 level in 2006. Now today, the Census Bureau reports that "real median household income in the United States climbed 1.3 percent between 2006 and 2007, reaching $50,233... This is the third annual increase in real median household income." Even better, income inequality decreased. Of course, the economy has weakened thanks to higher oil prices and the credit/housing crunch. But I think this is more evidence that a growing economy tends to solve a lot of the problems they are worried about here at the convention like income inequality.