Having bragged about an economic recovery a few months ago, before realizing that a positive job report was heavily skewed due to census hiring, Americans got their first taste of the most recent census report today as results showed that 1 in 7 Americans is now 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. Congress passed a health overhaul this year to address rising numbers of the uninsured, but the main provisions will not take effect until 2014.The new figures come at a politically sensitive time, just weeks before the Nov. 2 congressional elections, when voters restive about high unemployment and the slow pace of economic improvement will decide whether to keep Democrats in power or turn to Republicans.
On the eve of what is certainly destined to be a major round of victorious congressional elections for Republicans in November, news couldn't get worse for the Obama Administration. These statistics reflect that the Obama policy of bailing out banks, healthcare providers, and wealthy stockholders has actually plunged the populace into poverty.
In other news, coincident to these horrifying stats, it was reported that the First Lady, Michelle Obama, just off her ritzy vacation to Spain and under intense criticism for lavish spending while the country goes to squat, is apparently feeling the stress and pressure of a failed presidency. In a new book soon to be released by Ms.Carla Bruni-Sarkozy, the First Lady of France, claims she asked Mrs. Obama about her new role. According to the book, Mrs. Obama replied: "It's hell. I can't stand it." Just when you thought it couldn't get worse!
0 comments:
Post a Comment