The ranks of U.S. poor have now swelled to include nearly 1 in 6 Americans, yet another milestone achieved by Barry "Almighty" and his era of "Hope and Change." This new high comes to us as long-term, government created unemployment woes, promulgated by Barry's insane policies, has now left literally millions of Americans struggling to get by and out of work. The number of uninsured has also now edged up to 49.9 million, the most in over 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. This news comes at somewhat of a politically sensitive time for Barry, who finds himself in the position of being forced to acknowledge while in the midst of his re-election fight, that the unemployment rate could very well persist at our current high levels through next year. If that does in fact happen, Barry essentially has no one to blame but himself, because he took what was an inherited unemployment rate of 7.8 percent and proceeded to then drive it up to over 9 percent. Actually our real unemployment rate is above 16 percent, but that number is pretty much kept under wraps. No need to create unnecessary panic this close to the election, now is there.
The overall poverty rate has now climbed to over 15 percent, or over 46 million people, up from 14.3 percent in 2009. Reflecting the lingering impact of the Barry "Almighty" 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. Anybody remember the Jimmy Carter years? Measured by total numbers, the 46 million now living in poverty is the largest on record dating all the way back to when the census first began tracking poverty in 1959. Based on percentages, it tied the poverty level in 1993 and was the highest since 1983. This quite a feat for Barry, and he has managed to accomplish all this in slightly less than three years on the job. Also, the share of Americans without health coverage rose from 16.1 percent to 16.3 percent, or 49.9 million people, after the Census Bureau made revisions to numbers of the uninsured. Whoops, so much for the promises made while shoving Obamacare down our throats. Ah utopia, don't you just love it? Remember now, Barry was the one that we had all been waiting for.
Congress passed a Obamacare last year to address rising numbers of the uninsured. Passed is such a harmless sounding term, what the Democrats in Congress did was to blackmail, connive and bribe their way to getting it to Barry's desk. And while the main provisions don't take effect until 2014, one aspect taking effect in late 2010 allowed young adults 26 and younger to be covered under their parents' health insurance. Brett O'Hara, some guy identified as being the chief of the Health and Disability Statistics branch at the Census Bureau, noted that the uninsured rate declined, from 29.3 percent to 27.2 percent, for adults ages 18 to 24 compared to some other age groups. The median, or midpoint, household income was $49,445, down 2.3 percent from 2009. Bruce Meyer, some public policy professor at the University of Chicago, Barry's hometown, cautioned that the worst may yet to come in poverty levels, citing in part continued rising demand for food stamps this year as well as "staggeringly high" numbers in those unemployed for more than 26 weeks. He noted that more than 6 million people now represent the so-called long-term unemployed, who are more likely to fall into poverty, accounting for than two out of five currently out of work.
Other census findings of which Barry has presided over:
—Poverty rose among all race and ethnic groups except Asians. The number of Hispanics in poverty increased from 25.3 percent to 26.6 percent; for blacks it increased from 25.8 percent to 27.4 percent, and Asians it was flat at 12.1 percent. The number of whites in poverty rose from 9.4 percent to 9.9 percent.
—Child poverty rose from 20.7 percent to 22 percent.
—Poverty among people 65 and older was statistically unchanged at 9 percent, after hitting a record low of 8.9 percent in 2009.
The number of poor Americans is now the largest that is has been in the 52 years that the Census Bureau has been publishing poverty estimates, the report said, while the poverty rate was the highest since 1993 during the Clinton years. The specter of Barry inspired economic deterioration also afflicted working Americans, at least in the private sector, who saw their median income decline 2.3 percent to an annual $49,445. The report of rising poverty coincides with Barry's new push for a $450 billion job creation package, and deliberations by a congressional "super committee" tasked with cutting at least $1.2 trillion from the budget deficit over 10 years. Faced with deteriorating job approval ratings, the Barry is trying his best to threaten Republicans in Congress into supporting his new and improved "jobs plan." The bottom line here is that these poverty numbers can be said to a direct result of failed leadership on the part of Barry. It can also be argued that it is all part of the rather uninspiring record on which Barry rests his claim that he should be re-elected. And when looking back over Barry's time in office up to this point, what is there, exactly, that stands out as being any kind of a reason to vote for him again?
I certainly appreciate, Dan, your displaying the U6 numbers. It so-much-better expresses the ugly reality. American society is now so much less productive. There is so much less adult role-modeling going on four our youth.
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