Obama's Trickle Up Poverty Plan a Success… Poverty Rate Soars to 14.3%
Posted by Jim Hoft on Thursday, September 16, 2010, 10:42 AM
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.
KCTV reported:
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.
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Published February 22, 2012 at 4:19 pm - 32 Comments
down with dems commented:
Let’s borrow more money and spend it all!
Bill Fabrizio commented:
Well he did promise “transformational change” and has finally proven to the voter that he is successful on at least one thing!
bg commented:
++
“I am confident that we can create a Kingdom right here on Earth.”
‘We are God’s partners in matters of life and death’
‘my individual salvation is not gonna come about
without a collective salvation for the country’ …
UCC member Sen. Barack Obama discusses faith and politics
["I believe that democracy demands that the religiously motivated translate their concerns into universal values," Obama said. "Social justice and national security are both universal values, values that may originate for some in their religious beliefs, but are shared by us all."]
”I am certain nothing has done so much to destroy the juridical safeguards of individual freedom as the striving after the mirage of social justice.”
“I have come to feel strongly that the greatest service I can still render to my fellow men would be that I could make the speakers and writers among them thoroughly ashamed ever again to employ the term ’social justice’.”
~Friedrich A. von Hayek
You ain’t seen nothin’ yet!
Love, Barack
==
Suzy commented:
Darwin’s idea of survival of the fittest is out. The fittest are being wiped out to elevate the bums.
tarpon commented:
Why don’t more candidates use “the Democrats have not even passed a budget” — Obviously they do not want the avergae slub to know how bad the damage is to our economy.
I am confused.
Drider commented:
Well my company is a small one, family owned and going on 30 years.
We are waiting with baited breath for Obama and crew to pass this small business bill of 30 Billion for the banks.
It would of course be suicidal at this point in time to go into debt and it won’t help us one at all but at least its a B before the illion and not a T.
What small businesses need are customers, customers who have jobs and are fat and happy, nothing else beats it.
Betsy Ross commented:
Trickle Up? More like poverty is raining down upon all Americans…well, except the “special” ones like DC politicians…
madkangaroo commented:
Hey, we can’t expect Barack O’Roosevelt to bless us with a new New Deal without first having a new Great Depression.
Creative destruction and all that.
DocScience commented:
Who could have imagined his war on business would be so successful, so quickly?
mark commented:
Well Dems and Obama supporters, just who do you think is being driven into poverty? This admin started with the notion of taking from the rich and giving to the poor. Do you think the rich are the ones being driven into poverty? Or do you think they are the poor, the minorities (yes the black minorities too) and the lower middle class. Wake up. And the rich is not the greedy CEO or hedge fund manager. The rich are the politicians who pretend to defend the poor.
bg commented:
++
Drider @ 11:38 am #10
cept for maybe tax breaks??
oh yeah, speaking of T v B, where have T’s gone??
==
Moriyah commented:
Obama’s “Trickle Up Poverty”
Michael Savage coined that term. At least you could give him the credit for it — it’s the name of his new book…it will be out any day..
Don’t try to ignore Savage. That would be as silly as the “establishment GOPers ignoring the Tea Party movement!
James commented:
Imagine if Bush were president now. This is all you would hear on the lib media 24/7.
Eric Lindholm commented:
What bugs me about this guy – and I know I’m not the only one – is that there’s not a hint of epiphany that he’s the one responsible for this problem. Oh, it’s Bush’s fault, or the Republicans, or the media, or Israel, or Joe Biden. But not him, oh no no no.
jorgen commented:
So Obama’s real agenda is success: make a very large part of the population totally dependent on the state.