[FoRK] Kerry Cites Misery Index

Contempt for Meatheads jbone at place.org
Mon Apr 12 11:28:27 PDT 2004

I personally prefer the Daily Show's misery index, invented by their  
Chief Economist (Colbert?) --- the amount you can sell a pint of blood  
plasma for divided by the cost of a single package of Ramen. ;-)


Kerry cites "misery index"
Challenger says stagnate wages, rising gas, health care and college  
costs hitting middle class.
April 12, 2004: 7:00 AM EDT

BOSTON (Reuters) - Democratic presidential candidate John Kerry is set  
to release a study Monday that his campaign says will show President  
Bush's economic record as one that increased "middle class misery."

Kerry's study will cite data on rising college and health care costs,  
together with sluggish incomes, arguing they have squeezed America's  
working families since Bush took office and eliminated any financial  
gain from the president's tax cuts.

The core of Kerry's economic argument has been job losses during Bush's  
tenure, but the report says the economy has been a problem even for  
many of those who have kept their jobs during the president's term.

Between 2000 and 2003, according to the "Middle Class Misery Index,"  
compiled with data from government and independent sources, wages  
dropped 0.2 percent while the cost of tuition at public colleges and  
universities increased a record 13 percent.

At the same time, health insurance premiums rose by 11 percent and  
gasoline prices were up 15 percent, according to the Kerry campaign  
Misery index

"The middle-class misery index worsened 13 points in the last three  
years -- the largest three-year fall on record," the study said.

The index combined seven different indicators: median family income,  
college tuition, health costs, gasoline cost, bankruptcies, the home  
ownership rate, and private-sector job growth. The study said six of  
the seven statistics worsened during Bush's term. Only home ownership  
rates improved.


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