Monday, July 23, 2012

Hope And Change: Poverty Rate Highest Since The 1960's

Hope and change.
From the Denver Post: The ranks of America's poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net.
Census figures for 2011 will be released this fall in the critical weeks ahead of the November elections.
The Associated Press surveyed more than a dozen economists, think tanks and academics, both nonpartisan and those with known liberal or conservative leanings, and found a broad consensus: The official poverty rate will rise from 15.1 percent in 2010, climbing as high as 15.7 percent. Several predicted a more modest gain, but even a 0.1 percentage point increase would put poverty at the highest level since 1965.
Poverty is spreading at record levels across many groups, from underemployed workers and suburban families to the poorest poor. More discouraged workers are giving up on the job market, leaving them vulnerable as unemployment aid begins to run out. Suburbs are seeing increases in poverty, including in such political battlegrounds as Colorado, Florida and Nevada, where voters are coping with a new norm of living hand to mouth.
Read more: Poverty rate may rise to highest since 1965 - The Denver Post http://www.denverpost.com/nationworld/ci_21134367/poverty-rate-may-rise-highest-since-1965#ixzz21R1mfcjQ
President Obama is out of excuses.  He can't blame the Republicans anymore- Obama owns this economy.  Obama promised this would not happen if we followed Obama and Democrat's lead, but their policies have failed miserably and now more people are in poverty since the mid 1960's.
Congratulations President Obama, Harry Reid and Nancy Pelosi for a job well done. (sarcasm)

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