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Poverty to Rise Under Obama Watch ..
Posted: Sep 13, 2010
WASHINGTON – The number of people in the U.S. who are in poverty is on track for a on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.
Census figures for 2009 — the recession-ravaged first year of the Democrat's presidency — are to be released in the coming week, and demographers expect grim findings.
It's unfortunate timing for Obama and his party just seven weeks before important elections when control of Congress is at stake. The anticipated increase — from 13.2 percent to about 15 percent — would be another blow to Democrats struggling to persuade voters to keep them in power.
"The most important anti-poverty effort is growing the economy and making sure there are enough jobs out there," Obama said Friday at a White House news conference. He stressed his commitment to helping the poor achieve middle-class status and said, "If we can grow the economy faster and create more jobs, then everybody is swept up into that virtuous cycle."
Interviews with six demographers who closely track poverty trends found wide consensus that 2009 figures are likely to show a significant rate increase to the range of 14.7 percent to 15 percent.
Should those estimates hold true, some 45 million people in this country, or more than 1 in 7, were poor last year. It would be the highest single-year increase since the government began calculating poverty figures in 1959. The previous high was in 1980 when the rate jumped 1.3 percentage points to 13 percent during the energy crisis.
This is what happens when they destroy the middle class SM - anon
[ In Reply To ..]The following are 15 shocking poverty statistics that are skyrocketing as the American middle class continues to be slowly wiped out....
#1 Approximately 45 million Americans were living in poverty in 2009.
#2 According to the Associated Press, experts believe that 2009 saw the largest single year increase in the U.S. poverty rate since the U.S. government began calculating poverty figures back in 1959.
#3 The U.S. poverty rate is now the third worst among the developed nations tracked by the Organization for Economic Cooperation and Development.
#4 According to the U.S. Department of Agriculture, on a year-over-year basis, household participation in the food stamp program has increased 20.28%.
#5 The number of Americans on food stamps surpassed 41 million for the first time ever in June.
#6 As of June, the number of Americans on food stamps had set a new all-time record for 19 consecutive months.
#7 One out of every six Americans is now being served by at least one government anti-poverty program.
#8 More than 50 million Americans are now on Medicaid, the U.S. government health care program designed principally to help the poor.
#9 One out of every seven mortgages in the United States was either delinquent or in foreclosure during the first quarter of 2010.
#10 Nearly 10 million Americans now receive unemployment insurance, which is almost four times as many as were receiving it in 2007.
#11 The number of Americans receiving long-term unemployment benefits has risen over 60 percent in just the past year.
#12 According to one recent survey, 28% of all U.S. households have at least one member that is looking for a full-time job.
#13 Nationwide, bankruptcy filings rose 20 percent in the 12 month period ending June 30th.
#14 More than 25 percent of all Americans now have a credit score below 599.
#15 One out of every five children in the United States is now living in poverty.
http://theeconomiccollapseblog.com/a...owly-wiped-out
#1 Approximately 45 million Americans were living in poverty in 2009.
#2 According to the Associated Press, experts believe that 2009 saw the largest single year increase in the U.S. poverty rate since the U.S. government began calculating poverty figures back in 1959.
#3 The U.S. poverty rate is now the third worst among the developed nations tracked by the Organization for Economic Cooperation and Development.
#4 According to the U.S. Department of Agriculture, on a year-over-year basis, household participation in the food stamp program has increased 20.28%.
#5 The number of Americans on food stamps surpassed 41 million for the first time ever in June.
#6 As of June, the number of Americans on food stamps had set a new all-time record for 19 consecutive months.
#7 One out of every six Americans is now being served by at least one government anti-poverty program.
#8 More than 50 million Americans are now on Medicaid, the U.S. government health care program designed principally to help the poor.
#9 One out of every seven mortgages in the United States was either delinquent or in foreclosure during the first quarter of 2010.
#10 Nearly 10 million Americans now receive unemployment insurance, which is almost four times as many as were receiving it in 2007.
#11 The number of Americans receiving long-term unemployment benefits has risen over 60 percent in just the past year.
#12 According to one recent survey, 28% of all U.S. households have at least one member that is looking for a full-time job.
#13 Nationwide, bankruptcy filings rose 20 percent in the 12 month period ending June 30th.
#14 More than 25 percent of all Americans now have a credit score below 599.
#15 One out of every five children in the United States is now living in poverty.
http://theeconomiccollapseblog.com/a...owly-wiped-out
Do you think it is possible for - sm
[ In Reply To ..]the GOP to stop imploding and cannibalizing themselves long enough to come up with an explanation as to how the recession evolved and what they are planning to do to fix the economy aside from reinstituting the same disastrous policies that resulted in the collapse of the financial sector in 2008? I don\'t. All we hear from them is no, no, no, hate, hate, hate and an occasional duh thrown in for good measure.
You are talking about both sides - anon
[ In Reply To ..]First, both sides are imploding on themselves. I see it in the democrat side too. They are all jumping ship and don't want to be associated with the democrat party. And nobody wants the current crowd to come out and represent them. It's a guaranteed career funeral for them if they are associated with the likes of the current crowd. But you fail to see that there are good and bad in both sides.
There are plenty of ideas that conservatives have to get us out of the mess the democrats have put us in, but they can't even get the crats to listen to them. It's just hate, hate, hate, spew, spew, spew, attack, attack, attack, and name-calling coming out of the democrats mouth. Utter panic and attacks on anyone who is not democrat. We are in the situation we are in because the democrats won't stop spending, lying to the American people, and only taking care of themselves. Those 1% of wealthy Americans the democrats hate so much...they have them too, and I don't see any wealthy democrats paying their fare share.
We are in the year 2010 going into 2011, not 2008. We need to start talking about the bad decisions being made by congress, etc now. Not what happened umpteen years ago.
It's always this lame crying game about how the GOP is no, no, no. Well you know what? Someone has to say no. No more spending, Children have parents to say no and keep them in line. Prisoners have guards and fences. The democrats need someone to keep them in line. They are irresponsible and bringing the country down.
As for the hate? 1. Prove it. 2. If anyone is the party of hate it's the democrats/progressive/... Just listen to them.
Lastly, tell me the name of the individual(s) that said "duh". Nobody!
Man I can't wait for November!
No dear, you are. - sm
[ In Reply To ..]But then again, it comes as no surprise that you are unwilling to address the current GOP-on-GOP cannibalism story dominating the airways this week.
Who cares? Its currently dems "disastrous policies" - destroying the USA. -wake up!.nm
[ In Reply To ..]nm
No matter how many times - you repeat this nonsense
[ In Reply To ..]you cannot cover up the roots, sources and their long-, long-, long-term effects on current economic circumstances. Party of destruction/obstruction has stagnated policy and has the utter gall to suggest that resurrecting it is the answer. That snake oil approach is what is at the bottom of all this, whether you want to face it or not.
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