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July 23, 2012

The United States of Poverty: Thanks to Barack Obama & Obamanomics, US Poverty on Track to Rise to Highest Since 1960′s

Posted in: Barack Obama,Economy,Obamanation,Obamanomics

The United States of Poverty … How’s the “Hopey, Changey” thing working out for ya America?

Welcome to an Obamanation and thanks to Obamanomics the United States poverty rate is on track to reach its highest level since the 19060′s. According to the US census, 46 million men woman and children live in poverty, that’s 1 in 6 Americans. Simply shameful.  How do we have a country and a President who would rather golf, vacation and fund raise rather than meet with his Jobs Council and make every effort to help Americans with jobs? Before anyone decides to question that fact, PolitiFact rates it as a fact: Golf, fundraisers for President Barack Obama, while his jobs council never met

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.

This president has destroyed America. The unemployment rate is at 8.2%, the real unemployment rate is 15%, record number of Americans on Food Stamps and more Americans last month went on disability than jobs created.


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