A New Direction For Economic Security
HARDWORKING AMERICAN FAMILIES STRUGGLE IN THE BUSH ECONOMY
![]() | Americans are demanding a New Direction for their economic security, as they continue to face rising energy prices, soaring health care costs, and the fear of possibly losing their homes. |
![]() | Record Energy Prices: Americans are paying double the price at the pump since 2001, when President Bush took office, and three times the cost for home heating oil. The price of crude oil recently peaked at record of $99 per barrel—nearly a fourfold increase over 2001. |
![]() | Rising Health Care Costs: Since 2001, families’ share of their employer-sponsored health care premiums have climbed $1,500, with a record 47 million Americans without health insurance. |
![]() | Mortgage Foreclosures Skyrocket and Home Value Drop: As many as 2 million Americans will see their mortgage rates increase in the next two years, with many of them losing their homes as a result of bad lending practices. Tens of millions of homeowners could see the value of their home—their primary investment—drop in value. |
BUSH ADMINISTRATION IS OUT OF TOUCH WITH AMERICANS’ NEEDS
![]() | The Bush Administration has been blindly indiff erent to the economic troubles of America’s families. |
![]() | Claiming that the economy is strong, President Bush has borrowed his way to a false prosperity that has left millions of Americans behind. |
![]() | Since 2001, the real income of a typical working age family has fallen by $2,500. |
![]() | President Bush is tied for the worst jobs record of any President since the Great Depression, with 3.1 million manufacturing jobs lost. |
![]() | Republicans have turned a $5.6 trillion ten-year projected surplus into a $2.4 trillion deficit. |
![]() | The national debt is growing by nearly $1 million a minute, to $9 trillion, or nearly $30,000 per person. |
![]() | Bush has now borrowed more from foreign nations than previous 42 U.S. Presidents combined. |
CONGRESS IS FIGHTING FOR A NEW DIRECTION FOR STRONG ECONOMIC GROWTH
![]() | The 110th Congress is taking bold action to strengthen our economy. |
![]() | Working to make the economy fairer with the first federal minimum wage increase in a decade |
![]() | Promoting American jobs and making America competitive in the global economy |
![]() | Enacting an historic energy bill to lower energy costs and create new jobs |
![]() | Providing AMT tax relief for 19 million middle-income families |
![]() | Making college more affordable through the largest expansion in college aid since the GI Bill in 1944 |
![]() | Launching measures to help Americans keep their homes and strengthen borrower protections |
![]() | Restoring fiscal responsibility to ensure a brighter future for the next generation |
![]() | Our job is far from over. More must be done for middle-income families in a struggling economy. House Democratic leaders convened top experts for an economic forum to help make economic security a major focus throughout this Congress. |