The new gilded age

Rich get richer… poor get poorer. Welcome to the Reagan-Bush society, bitches!

The nation’s poverty rate rose to 12.7 percent of the population last year, the fourth consecutive annual increase, the Census Bureau said Tuesday.

The number of people without health insurance grew from 45 million to 45.8 million. At the same time, the number of people with health insurance coverage grew by 2 million last year.

Note: that last paragraph should read: of the 2.8 million new people eligible for insurance, we only covered 2 million, or a bit over 1/3.

The median household income, meanwhile, stood at $44,389, unchanged from 2003.

Read: while the nation was sliding into poverty, wages were stagnant (going backwards, actually, accounting for inflation), and the top 1% did very, very well for themselves. Bush boom? Not for we, the People.