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U.S. Poverty rate increases from 13.2% to record 15% under Obama
NYDaily News and Others ^ | September 12th, 2010 | James Fanelli

Posted on 09/12/2010 6:35:35 AM PDT by DontTreadOnMe2009

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The estimates follow Friday's White House news conference in which President Obama said a robust economy will eradicate poverty.

"The most important anti-poverty effort is growing the economy and making sure there are enough jobs out there," Obama said. "If we can grow the economy faster and create more jobs, then everybody is swept up into that virtuous cycle."

According to the demographers' projections, the working-age population took a hit in 2009. About 12.4% of Americans aged 18 to 64 were poor - up from 11.7% in 2008.

The 0.7 percentage-point jump is the largest since 1965.

Read more: http://www.nydailynews.com/news/national/2010/09/12/2010-09-12_soaring_poverty_rate_hits_dismal_high__45_million.html#ixzz0zJzGwtQC

1 posted on 09/12/2010 6:35:37 AM PDT by DontTreadOnMe2009
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To: DontTreadOnMe2009

How’s all that hopey changey thing workin’ out for ya?

Buyer’s remorse yet?


2 posted on 09/12/2010 6:37:21 AM PDT by Ev Reeman
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To: DontTreadOnMe2009

People are taking his advice and not trying to make money in the evil free market.


3 posted on 09/12/2010 6:37:47 AM PDT by screaminsunshine (counter revolutionary)
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To: DontTreadOnMe2009
Was this "unexpected"?

Obama said. "If we can grow the economy faster and create more jobs, then everybody is swept up into that virtuous cycle."

Hmmmm...seems to me that Ronald Reagan said something very similar, something about rising tides floating all boats...

4 posted on 09/12/2010 6:38:19 AM PDT by randog (Tap into America!)
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To: Ev Reeman

Bush’s fault no doubt..


5 posted on 09/12/2010 6:41:08 AM PDT by macquire
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To: DontTreadOnMe2009

That’s easy to fix - just move the “poverty” threshold.


6 posted on 09/12/2010 6:43:52 AM PDT by ElayneJ (ui)
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To: DontTreadOnMe2009

http://www.nydailynews.com/news/national/2010/09/12/2010-09-12_soaring_poverty_rate_hits_dismal_high__45_million.html


7 posted on 09/12/2010 6:44:52 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: randog

Yes: But Ronnie didnt try to tax the piss oput of us and spend a trillion dollars bailing out the rich bankers who use the stimulus to give themselves raises.


8 posted on 09/12/2010 6:45:06 AM PDT by Venturer
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To: DontTreadOnMe2009

This is a direct result of targeting the “rich”, our nation’s employers and investors, by way of punitive tax and regulatory policies.


9 posted on 09/12/2010 6:46:16 AM PDT by wayoverontheright
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To: DontTreadOnMe2009

1.8% increase nationally ...

nearly 6,000,000 MORE people have now fallen under the official poverty level line,

under Obama.

(Did I do the math right?)

New number is 45,000,000 + -— the highest ever !!!!!!!!!

Yeah Obama !!!

and thanks too!


10 posted on 09/12/2010 6:47:47 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: Venturer
But Ronnie didnt try to tax the piss out of us

Not so loud, Zero may get ideas, and the poop too.

11 posted on 09/12/2010 6:49:04 AM PDT by going hot (Happiness is a Momma Deuce)
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To: DontTreadOnMe2009

Round numbers are appealing. Fractions require more math skills.


12 posted on 09/12/2010 6:49:33 AM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: DontTreadOnMe2009

This is the number for 2009. Just think what the number for the current year will look like.


13 posted on 09/12/2010 6:50:57 AM PDT by Rational Thought
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To: macquire
Bush’s fault no doubt..

------------------------------

TIME FOR ANOTHER VACATION!

obama-jail-6sm
Obama jail



14 posted on 09/12/2010 6:52:46 AM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: Ev Reeman

Related...

http://exposingtheleft.blogspot.com/2010/09/us-poverty-on-track-to-post-record-gain.html


15 posted on 09/12/2010 6:54:58 AM PDT by traderrob6
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To: Rational Thought

Jump from 15% to 18% end of 2010 ???????


16 posted on 09/12/2010 6:59:27 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: traderrob6

“Yet another dubious milestone for Zero.

WASHINGTON –

The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama’s watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty. “


17 posted on 09/12/2010 7:00:46 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: DontTreadOnMe2009

It’s unfortunate timing for Obama and his party just seven weeks before important elections when control of Congress is at stake. The anticipated poverty rate increase — from 13.2 percent to about 15 percent — would be another blow to Democrats struggling to persuade voters to keep them in power.””


Yeah, unfortunate.

VERY unfortunate.


18 posted on 09/12/2010 7:02:04 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: DontTreadOnMe2009

poverty is what happens to the middle class when they lose their jobs and homes, or at least the imputed value of their homes and investments and savings accounts

that is part of the obama plan to punish “the rich” who all benefitted from American society being unfair to the poor

except he’s finding out there’s not so much much “wealth” left to “redistribute”, is there.

So just tell Ben to fire up the printing presses and create more money ... We got to be rich! There’s still checks in the check book


19 posted on 09/12/2010 7:09:59 AM PDT by silverleaf (Those who can make you believe absurdities can make you commit atrocities.)
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To: DontTreadOnMe2009

Run an anti democrat ad with this info too.


20 posted on 09/12/2010 7:16:02 AM PDT by Ev Reeman
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