Obama's Trickle Up Poverty Plan a Success… Poverty Rate Soars to 14.3%
Worst. President. Ever.
The poverty rate soared to its highest level since the 1960’s under Barack Obama. 43.6 million Americans are now living in poverty.
The ranks of the working-age poor climbed to the highest level since the 1960s as the recession threw millions of people out of work last year, leaving one in seven Americans in poverty.
The overall poverty rate climbed to 14.3 percent, or 43.6 million people, the Census Bureau said Thursday in its annual report on the economic well-being of U.S. households. The report covers 2009, President Barack Obama’s first year in office.
The poverty rate climbed from 13.2 percent, or 39.8 million people, in 2008.
The share of Americans without health coverage rose from 15.4 percent to 16.7 percent – or 50.7 million people – mostly because of the loss of employer-provided health insurance during the recession.
But don’t expect the Democratic Senate to act.
They’re hitting the road.
FOX News reported:
Home foreclosures jumped 25 percent in August, while the nation’s poverty rate climbed to 14.3 percent, the highest level since 1994 — but don’t look for your reps and senators to help anytime soon as they’re poised to hit the campaign trail, without even passing a budget.