Liberal Talk Radio

More proof that Bush-o-nomics has left the average American running straightforward into the past.

The median hourly wage for American workers has declined 2 percent since 2003, after factoring in inflation. The drop has been especially notable, economists say, because productivity — the amount that an average worker produces in an hour and the basic wellspring of a nation’s living standards — has risen steadily over the same period.

As a result, wages and salaries now make up the lowest share of the nation’s gross domestic product since the government began recording the data in 1947, while corporate profits have climbed to their highest share since the 1960’s. UBS, the investment bank, recently described the current period as “the golden era of profitability.”

While it’s not entirely fair to blame Rove & Co.’s cynical economic policies for this trend, this is further indictment of the general tone they’ve set for this country. We’re waiting for the cavalry to rescue us from this, and the Dems can’t seem to find their horses.