Poverty Levels at 50 year high!!!

Discussion in 'Economy' started by skookerasbil, Sep 16, 2010.

  1. skookerasbil
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    skookerasbil Gold Member

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    FT.com / US / Society - US workers? poverty reaches 50-year high


    Is it absolutely aweome if you're a conservative these days??? How embarrassing is this?? Evidently "Hope and Change" really meant "Hope then Chains!!". Amid all the disasterous news of the economy lately, now this!!!:eek::eek::eek:

    Check this sh!t out....................



    US workers’ poverty reaches 50-year high
    By Robin Harding in Washington

    Published: September 16 2010 18:21 | Last updated: September 16 2010 18:21

    Poverty among the working-age population of the US rose to the highest level for almost 50 years in 2009, as the human cost of the deepest economic downturn since the Great Depression was laid bare in new census data.

    Poverty among those aged 18 to 64 rose by 1.3 percentage points to 12.9 per cent – the highest level since the early 1960s, prior to then-president Lyndon Johnson’s “War on Poverty”. The overall poverty rate rose by 1.1 percentage points to 14.3 per cent, the highest since 1994.

    EDITOR’S CHOICE
    Fall in US jobless claims offers hope - Sep-16.In depth: US mid-term elections - Sep-15.Editorial Comment: Obama should do more - Sep-07.Lex: Fiscal policy and economics - Sep-09.US industrial production slows in August - Sep-15.Rising US retail sales lift consumer hopes - Sep-14..The rise in working age poverty was driven by the jump in the unemployment rate to 10 per cent during 2009. It is a bitter blow to Barack Obama, US president, who campaigned on a promise to cut poverty, and the data may further harm the already difficult prospects for Democrats in November’s mid-term elections to Congress.

    “The overall message is that we’ve erased all of the gains in poverty that were made in the 1990s,” said Elise Gould of the Economic Policy Institute, a left-of-centre Washington think tank.






    Ooooooooooooooooops!!!!!!!!!!
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says, "Dat's right - yer poor an' den ya die an' den ya go to Heaven an' wake up inna riches o' the Lord...
    :cool:
    Poverty often a temporary state, U.S. census study finds
    March 28, 2011 - Many households below the poverty line at the beginning of a U.S. census study had climbed out by the end — and vice versa.
    See also:

    CBO: Employment, Economic Output Not Expected to Recover Until 2016
    Friday, March 25, 2011 – The Congressional Budget Office (CBO) estimates that the labor force – and thus economic output – will not return to normal levels until at least 2016, meaning that the unemployment rate will stay above normal for many more years.
     
    Last edited: Mar 28, 2011
  3. Mr Clean
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    Mr Clean Gold Member

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    Thank you Ron Reagan and your trickle down voo-doo economics bullshit.
     
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  4. skookerasbil
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    skookerasbil Gold Member

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    WHAT???!!!!!!!!!!!

    Nobody cares about Ronald Reagan s0n...............:lol::lol::lol:
     
  5. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    This coming from the guy that divides a number by a smaller number and gets a fraction?

    :lol:
     
  6. Mr Clean
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    Mr Clean Gold Member

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    Hey, little Schmucky, didn't I recently tell you to eat shit?

    Back for another helping are you?
     
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  7. william the wie
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    william the wie Gold Member

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    While blaming Obama for causing this mess is wrong blaming him for claiming he could fix it and failing is right on target.
     
  8. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    I thought LBJ was supposed to have fixed all that.
     
  9. waltky
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    waltky Wise ol' monkey Supporting Member

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    Poverty creepin' into the suburbs...
    :eek:
    'New breed of Americans going hungry'
    10 May`11 - A growing problem with suburban poverty
     
  10. Maseman
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    Maseman Rookie

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    Amazing, isn't it? Thirty six years and many trillions of dollars later and the war on poverty achieves nothing. Thanks liberalism.

    Of course, to the liberal results don't matter as long as you have good intentions. "It is always with the best intentions that the worst work is done."

    Liberalism, making people dependent on others since 1933.
     

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