Thread: More Record Breaking Hope and Change From Team Obama

This tells the tale...

The ranks of America's poor swelled to almost 1 in 6 people last year, reaching a new high as long-term unemployment left millions of Americans struggling and out of work. The number of uninsured edged up to 49.9 million, the biggest in more than two decades.

The Census Bureau's annual report released Tuesday offers a snapshot of the economic well-being of U.S. households for 2010, when joblessness hovered above 9 percent for a second year. It comes at a politically sensitive time for President Barack Obama, who has acknowledged in the midst of a re-election fight that the unemployment rate could persist at high levels through next year.

The overall poverty rate climbed to 15.1 percent, or 46.2 million, up from 14.3 percent in 2009. The official poverty level is an annual income of $22,314 for a family of four.

Reflecting the lingering impact of the recession, the U.S. poverty rate from 2007-2010 has now risen faster than any three-year period since the early 1980s, when a crippling energy crisis amid government cutbacks contributed to inflation, spiraling interest rates and unemployment.

Measured by total numbers, the 46 million now living in poverty is the largest on record dating back to when the census began tracking poverty in 1959. Based on percentages, it tied the poverty level in 1993 and was the highest since 1983.

(by the way... the over-under for this thread is 4)

One other point:

The median — or midpoint — household income was $49,445, down 2.3 percent from 2009.

Census: US poverty rate swells to nearly 1 in 6 - Yahoo! News

Obama promised an historic presidency and by God he has delivered! And this is only for 2010... just imagine if we give him another term!?! I'll bet he can get that median household income all the way down to... oh... 39,000? Maybe another 10 million in poverty and dependent on the government dole?

Hope and Change baby!

"Obama promised an historic presidency and by God he has delivered! And this is only for 2010... just imagine if we give him another term!?! I'll bet he can get that median household income all the way down to... oh... 39,000? Maybe another 10 million in poverty and dependent on the government dole?"

Why wait? This could be accomplished with one stroke, just eliminate the minimum wage!

Originally Posted by mahayana

"Obama promised an historic presidency and by God he has delivered! And this is only for 2010... just imagine if we give him another term!?! I'll bet he can get that median household income all the way down to... oh... 39,000? Maybe another 10 million in poverty and dependent on the government dole?"

Why wait? This could be accomplished with one stroke, just eliminate the minimum wage!

If you're working for minimum wage--you're probably already considered in poverty.

This is definitely Obama's economy--he just can't seem to switch tracks--realize that his economic policies and ideologies do not work--so he has unloaded Stim Jr.--a carbon copy of the 1st one to give it another try.

2012 cannot come soon enough.

Originally Posted by tsquare

This tells the tale...



(by the way... the over-under for this thread is 4)

One other point:



Census: US poverty rate swells to nearly 1 in 6 - Yahoo! News

Obama promised an historic presidency and by God he has delivered! And this is only for 2010... just imagine if we give him another term!?! I'll bet he can get that median household income all the way down to... oh... 39,000? Maybe another 10 million in poverty and dependent on the government dole?

Hope and Change baby!

Obama delivered record corporate profits and great portfolio's ... whats the problem?