Posts Tagged ‘poverty rate’

After Two Terrible Years Of Obama, Here’s Our ‘Change’

May 20, 2011

From an email I received (and liked):

AFTER TWO YEARS OF OBAMA, HERE’S YOUR “CHANGE”: 

January 2009

TODAY

%
chg

Source

Avg.. Retail price/gallon gas in
U.S.

$1.83

$3.94

84%

1

Crude oil, European Brent (barrel)

$43..48

$99..02

127.7%

2

Crude oil, West TX Inter.
(barrel)

$38..74

$91..38

135.9%

2

Gold: London (per troy oz.)

$853.25

$1,369.50

60.5%

2

Corn, No.2 yellow, Central
IL

$3.56

$6.33

78.1%

2

Soybeans, No. 1 yellow, IL

$9.66

$13..75

42.3%

2

Sugar, cane, raw, world, lb.
Fob

$13..37

$35..39

164.7%

2

Unemployment rate, non-farm, overall

7.6%

9.4%

23.7%

3

Unemployment rate, blacks

12.6%

15.8%

25.4%

3

Number of unemployed

11,616,000

14,485,000

24.7%

3

Number of fed. Employees

2,779,000

2,840,000

2.2%

3

Real median household income

$50,112

$49,777

-0.7%

4

Number of food stamp recipients

31,983,716

43,200,878

35.1%

5

Number of unemployment benefit
recipients

7,526,598

9,193,838

22.2%

6

Number of long-term
unemployed

2,600,000

6,400,000

146.2%

3

Poverty rate, individuals

13.2%

14.3%

8.3%

4

People in poverty in U.S.

39,800,000

43,600,000

9.5%

4

U.S.. Rank in Economic Freedom World
Rankings

5

9

N/a

10

Present Situation Index

29.9

23.5

-21.4%

11

Failed banks

140

164

17.1%

12

U.S.. Dollar versus Japanese yen exchange rate

89.76

82.03

-8.6%

2

U.S.. Money supply, M1, in billions

1,575.1

1,865.7

18.4%

13

U.S.. Money supply, M2, in
billions

8,310.9

8,852.3

6.5%

13

National debt, in trillions

$10..627

$14..052

32.2%

14

Just take this last item: In the last
two years we have accumulated national debt at a rate more than 27 times as
fast
as during the rest of our entire nation’s history.Over 27 times as
fast. Metaphorically speaking, if you are driving in the right lane doing 65 MPH
and a car rockets past you in the left lane. 27 times faster, it would be doing
7,555 MPH!

Sources:(1) U.S. Energy Information
Administration; (2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S.
Dept. Of Labor; (7) FHFA; (8) Standard & Poor’s/Case-Shiller; (9)
RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board;
(12) FDIC; (13) Federal Reserve; (14) U.S. Treasury

It has only taken Obama two years to do this much damage to America.

Imagine how much more he can do in two more years.

Imagine how much more he would do with a second four-year term.

How’s that socialism workin’ out for ya?

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69% Of Independents Say Obama’s Policies Have Made Economy Worse

October 12, 2010

Democrats have been telling anyone who will listen that Republicans destroyed the economy.  And that letting Republicans take over is giving power back to the very people who drove the economy into the ditch to begin with.

But here’s the thing – only Democrats believe that load of hooey now.

People have moved on.  What they understand is that Democrats have made a bad situation far, far worse:

Sixty-nine percent of independents say Obama has made the economy worse and 80 percent of those also say they will definitely vote this year. More than 6 out of 10 also disapprove of the job Obama is doing, are angry with government and oppose the health care reform plan he advocated and signed into law.

Things were really bad the last time Republicans ran Congress.  In January of 2006 – the last time Republicans were in control – unemployment was a terrible 4.6%.  And the last time Republicans submitted a budget (for FY2007), the budget deficit was $161 billion.

Just so you know, unemployment under Obama and the Democrat-owned Congress has been more than twice what Republicans left for seventeen straight months.  The VERY NEXT YEAR after Republicans lost control of Congress, Democrats wrote a budget (FY2008) that was nearly THREE TIMES HIGHER IN DEFICIT SPENDING, with a $459 billion deficit.

Annual deficits under the last Republican Congress have become monthly deficits under the Democrats.

In 2008, during Bush’s final year in office, 40 banks closed.  Compared to 140 banks closing in Obama’s first year in office, and 125 more banks have closed in Obama’s second year, as of September 21, 2010.

Under Obama, we are now seeing the highest poverty rate in fifty years.  And more Americans are now on food stamps than ever before.

Which all goes to say that independents are right: Obama and the Democrats HAVE made the economy far worse.

Democrats tell the myth that it was Bush and Republican policies that destroyed the economy in 2008.  But Democrats were crawling all over the policies that led to our economic implosion.  It was Fannie Mae and Freddie Mac policies that destroyed our economy – and Democrats owned Fannie and Freddie.  Democrats also claim that Bush and Republicans refused to implement regulations that would have prevented the crisis – but Bush tried MORE THAN SEVENTEEN TIMES to regulate Fannie and Freddie.  And Democrats marched in goose-step to block every single one of those attempts.

Which is to say that Democrats have been far worse than voters believed they would be, while Republicans were nowhere near as bad as a profoundly dishonest and partisan media said they were.

 

Recession Ended In June 2009? Really? Then What The #*$% Do You Call This?

September 21, 2010

Did you hear?  Happy Times have been here again since June 2009.  And don’t check outside your window to find out that the sun smiles down; listen to the “experts”:

It’s official: The Great Recession ended last summer
By Neil Irwin

The Great Recession is officially over — and has been for more than a year.

The panel of economists that is the widely accepted arbiter of business cycles has called an end to what is now officially the longest U.S. economic downturn of the post-World War II era. The recession ended in June 2009, 18 months after it began in December 2007, according to the National Bureau of Economic Research’s business cycle dating committee.

Yes I see all the qualifiers that the economists hastened to add to say that things aint rosy.

But I also can’t help but notice how convenient the proclamation was: just in time for the post-labor day political silly season, when people finally begin to listen to the campaign rhetoric.

It’s almost as if … No.  Couldn’t be.  No way a panel of economists would ever allow themselves to be useful idiots for big government liberalism.

On the other hand, Thomas Sowell DOES point out that the liberal intelligentsia have pretty much always been useful idiots for big government leftist ideologies in the past:

“George Orwell said that some ideas are so foolish that only an intellectual could believe them, for no ordinary man could be such a fool. The record of twentieth century intellectuals was especially appalling in this regard. Scarcely a mass-murdering dictator of the twentieth century was without his intellectual supporters, not simply in his own country, but also in foreign democracies, where people were free to say whatever they wished.  Lenin, Stalin, Mao and Hitler all had their admirers, defenders, and apologists among the intelligentsia in Western democratic nations, despite the fact that these dictators ended up killing people of their own country on a scale unprecedented even by despotic regimes that preceded them” – Thomas Sowell, Intellectuals and Society, p. 2.

In any event, I recently compiled a list of crises that were gripping the country during the period that Obama was gripping a golf club a few weeks back:

I want you to go back over that list and see how many of these disasters are basically under the banner of “worst since …”  And that many of these go back several decades.

Does that make it sound like we went through the rough patch and come out the other side?  When less than a month ago we saw the jobless numbers at their highest in 9 months, pre-owned homes sales sink to their lowest level in 15 years, new home sales sink to their lowest level since 1963, durable goods orders sink to their lowest level in 1 1/2 years, the federal deficit soaring to its highest level in 65 years, the trade gap rising to its widest margin in 26 years, and so on?

How about this description of Obama’s economic legacy: the highest poverty rate increase in FIFTY YEARS just reported????

Poverty Rate In U.S. Saw Record Increase In 2009: 1 In 7 Americans Are Poor
HOPE YEN and LIZ SIDOTI | 09/11/10

WASHINGTON — The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama’s watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.

Now, you see all those other terrible numbers and you think, “And the eggheads say we’re out of recession now?”

Even DEMOCRATS don’t believe this load of giant load of junk:

Disappointed Supporters Question Obama
By SHERYL GAY STOLBERG
Published: September 20, 2010

WASHINGTON — It was billed as “Investing In America,” a live televised conversation between President Obama and American workers, students, business people and retirees on the state of the economy, a kind of Wall Street to Main Street reality check.

But it sounded like a therapy session for disillusioned Obama supporters.

In question after question in Monday’s one-hour session, which took place at the Newseum here and was televised on CNBC, Mr. Obama was confronted by people who said, in short, that they had expected more from him. People from Main Street wanted to know if the American dream still lived for them. People from Wall Street complained that he was treating them like a piñata, “whacking us with the stick,” in the words of a former law school classmate of Mr. Obama’s who now runs a hedge fund.

“I’m exhausted of defending you, defending your administration, defending the mantle of change that I voted for,” said the first questioner, an African-American woman who identified herself as a chief financial officer, a mother and a military veteran. “I’ve been told that I voted for a man who was going to change things in a meaningful way for the middle class, and I’m waiting, sir, I’m waiting. I still don’t feel it yet.”

The jokes on you, fools.  You voted for demagogic rhetoric and empty promises of “hope” and “change.”

And you got precisely what you voted for; the worst failure in American history.

Obama’s response to the woman was his typical load of demagogic garbage that the Republicans only care about their own power, whereas Obama is transcendentally hovering above politics, only caring about the people.  Even though Obama was there in the first place for a political campaign event.

The elite liberal government class will, of course, continue to assure us that Obama’s economy is somehow proceeding exactly according to plan.  But when these people tell you “Good morning,” you’d darned well better check outside:

Because these eggheads aren’t telling you the truth.

Obama Stimulus Wreckovery Act: $111 Million ‘Saved’ Only 55 Jobs

September 19, 2010

Barry Hussein is such an unmitigated failure that it defies description.

But at least we can describe his porkulus record:

L.A.: $111M in Stimulus Saved Just 55 Jobs
By William Lajeunesse
Published September 17, 2010

More than a year after Congress approved $800 billion in stimulus funds, the Los Angeles city controller has released a 40-page report on how the city spent its share, and the results are not living up to expectations.

“I’m disappointed that we’ve only created or retained 55 jobs after receiving $111 million,” said Wendy Greuel, the city’s controller. “With our local unemployment rate over 12 percent we need to do a better job cutting red tape and putting Angelenos back to work.”

According to the audit, the Los Angeles Department of Public Works spent $70 million in stimulus funds — in return, it created seven private sector jobs and saved seven workers from layoffs. Taxpayer cost per job: $1.5 million.

The Los Angeles Department of Transportation created even fewer jobs per dollar, spending $40 million but netting just nine jobs. Taxpayer cost per job: $4.4 million.

Greuel blamed the dismal numbers on several factors:

1. Bureaucratic red tape: Four highway projects did not even go out to bid until seven months after they were authorized.

2. Projects that were supposed to be competitively bid in the private sector went instead went to city workers.

3. Stimulus money was not properly tracked within departments

4. Both departments could not report the jobs created and retained in a timely fashion..

“I would say maybe in a grade, a B- in creating the jobs,” Greuel told Fox News. “They have started to spend those dollars but it took seven months to get some of those contracts out. We think in the city that we should move quickly and not in the same usual bureaucratic ways.”

But as we consider the debate over extending the Bush tax cuts for ALL Americans, one thing is obvious: the government is FAR better at “stimulating” private sector jobs than rich people who run millions of small and large businesses.  And if you don’t believe that, you’re a racist.

Meanwhile, the poverty rate has increased by more under Barry Hussein than under ANY president in FIFTY YEARS.  But you have to admit, he’s doing a really, REALLY good job creating poverty.

Please, please vote for Democrats this November.  Vote for the greatest economic disaster in American history.  Democrats have worked feverishly to implode America so that they can bring their Cloward and Piven strategy to fruition.  But they need more time to destroy the America that the hated founding fathers envisioned; and two more years ought to be enough for them to complete the “fundamental transformation” of America into their Marxist-fascist Utopia.

Remember, Americans, you are greedy and arrogant, just as Obama has been telling the world while he apologized for our depravity.  We deserve to suffer.  So please vote Democrat so our chickens can finally truly come home to roost once and for all.

Obama’s Economic Legacy: Highest Poverty Rate Increases In 50 Years

September 12, 2010

Conservatives need to keep asking one simple question: How’s Obama’s and the Democrat Party’s “hope” and “change” working out for you?

Not so good if you’re poor.

It’s not so good if you’re working age.  Or if you’re a child.  Or if you’re black or Latino.

Of course, Democrats have been swindling voters for a generation that they’re out to help such people.  The only problem is that their rhetoric is a load of crap, and their policies actually end up hurting the people they deceitfully claim they’re most trying to help.

You know what they say: teach a man to fish and he’ll eat for a lifetime; give him crummy handouts and he’ll be poor and dependent on Democrats until the day he dies.  Or at least until he develops the sense to start voting for conservatives who want to empower businesses to create jobs.

Notice I said “conservative,” not “Republican.”  Because there’s a huge difference between a true conservative and an Arlen Specter (before he revealed he was a Democrat all along), an Olympia Snowe, or even a Scott Brown.

We need a real change.  We don’t need “moderate Republican” (= “warmed-over Democrat”) policies, and the last two years should serve to demonstrate we certainly don’t need Democrat (= warmed-over socialist) policies.  We need something we haven’t seen in a long time: committed conservative solutions.

Otherwise 1 in 7 is going to become 1 in 6.  And then 1 in 5.

An article from the liberal Huffington Post:

Poverty Rate In U.S. Saw Record Increase In 2009: 1 In 7 Americans Are Poor
HOPE YEN and LIZ SIDOTI | 09/11/10

WASHINGTON — The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama’s watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.

Census figures for 2009 – the recession-ravaged first year of the Democrat’s presidency – are to be released in the coming week, and demographers expect grim findings.

It’s unfortunate timing for Obama and his party just seven weeks before important elections when control of Congress is at stake. The anticipated poverty rate increase – from 13.2 percent to about 15 percent – would be another blow to Democrats struggling to persuade voters to keep them in power.

“The most important anti-poverty effort is growing the economy and making sure there are enough jobs out there,” Obama said Friday at a White House news conference. He stressed his commitment to helping the poor achieve middle-class status and said, “If we can grow the economy faster and create more jobs, then everybody is swept up into that virtuous cycle.”

Interviews with six demographers who closely track poverty trends found wide consensus that 2009 figures are likely to show a significant rate increase to the range of 14.7 percent to 15 percent.

Should those estimates hold true, some 45 million people in this country, or more than 1 in 7, were poor last year. It would be the highest single-year increase since the government began calculating poverty figures in 1959. The previous high was in 1980 when the rate jumped 1.3 percentage points to 13 percent during the energy crisis.

Among the 18-64 working-age population, the demographers expect a rise beyond 12.4 percent, up from 11.7 percent. That would make it the highest since at least 1965, when another Democratic president, Lyndon B. Johnson, launched the war on poverty that expanded the federal government’s role in social welfare programs from education to health care.

Demographers also are confident the report will show:

_Child poverty increased from 19 percent to more than 20 percent.

_Blacks and Latinos were disproportionately hit, based on their higher rates of unemployment.

_Metropolitan areas that posted the largest gains in poverty included Modesto, Calif.; Detroit; Cape Coral-Fort Myers, Fla.; Los Angeles and Las Vegas.

My guess is that politically these figures will be greeted with alarm and dismay but they won’t constitute a clarion call to action,” said William Galston, a domestic policy aide for President Bill Clinton. “I hope the parties don’t blame each other for the desperate circumstances of desperate people. That would be wrong in my opinion. But that’s not to say it won’t happen.”

Lawrence M. Mead, a New York University political science professor who is a conservative and wrote “The New Politics of Poverty: The Nonworking Poor in America,” argued that the figures will have a minimal impact in November.

“Poverty is not as big an issue right now as middle-class unemployment. That’s a lot more salient politically right now,” he said.

But if Thursday’s report is as troubling as expected, Republicans in the midst of an increasingly strong drive to win control of the House, if not the Senate, would get one more argument to make against Democrats in the campaign homestretch.

The GOP says voters should fire Democrats because Obama’s economic fixes are hindering the sluggish economic recovery. Rightly or wrongly, Republicans could cite a higher poverty rate as evidence.

[snip]

The projections partly rely on a methodology by Rebecca Blank, a former poverty expert who now oversees the census. She estimated last year that poverty would hit about 14.8 percent if unemployment reached 10 percent. “As long as unemployment is higher, poverty will be higher,” she said in an interview then.

A formula by Richard Bavier, a former analyst with the White House Office of Management and Budget who has had high rates of accuracy over the last decade, predicts poverty will reach 15 percent.

That would put the rate at the highest level since 1993. The all-time high was 22.4 percent in 1959, the first year the government began tracking poverty. It dropped to a low of 11.1 percent in 1973 after Johnson’s war on poverty but has since fluctuated in the 12-14 percent range.

In 2008, the poverty level stood at $22,025 for a family of four, based on an official government calculation that includes only cash income before tax deductions. It excludes capital gains or accumulated wealth. It does not factor in noncash government aid such as tax credits or food stamps, which have surged to record levels in recent years under the federal stimulus program.

Beginning next year, the government plans to publish new, supplemental poverty figures that are expected to show even higher numbers of people in poverty than previously known. The figures will take into account rising costs of medical care, transportation and child care, a change analysts believe will add to the ranks of both seniors and working-age people in poverty.

The mainstream liberal media are calling Afghanistan America’s longest war.  But it’s not even close to being our longest war: the Democrats’ “war on poverty” is far and away our longest war.  And it has been worse than Vietnam in terms of being a poorly-led and stupidly fought quagmire.

I see “metropolitan areas” and “blacks and Latinos” and I can’t help but laugh at the irony of it.  Many metropolitan areas – most definitely including the ones  that posted the “largest gains” in poverty – have voted Democrat for a hundred years.  And every new election cycle it has been like Charlie Brown and Lucy and the football – with Charlie Brown being the minorities and the poor, and Lucy being the Democrats, and the football being useless promises that will never be there when poor Charlie Brown tries to finally fulfill his dream of kicking that ball down the field to a successful life.

And blacks and Latinos have voted Democrat since that “war on poverty” began, when the very same Democrats who literally put blacks in the abject bonds of slavery began to realize that there was an even better way to keep these people “in their place.”

And they end up living out the definition of insanity, where they keep voting the exact same way for fifty years, and a hundred years, expecting a different result each and every time.

And they wonder why they’re still in poverty, after 50 election cycles of voting for it.

And, sadly, even if conservatives DO take over the House and the Senate, most of these metropolitan areas and the residents who are trapped in them will remain in poverty.  Why?  Because they will continue to vote the same insane way, and they will end up with representatives and city councils that will block meaningful reform for their districts and cities, and keep them stuck in the same godawful snake oil policies they were selling a century ago.

Do metropolitan cities and minority areas really want jobs?  They’re not going to get them in another fifty, hundred, thousand years; not when they keep voting for the likes of Rep. Maxine Waters:

Waters responded by saying in part, “And guess what this liberal would be all about. This liberal will be about socializing … uh, um. …” Recognizing she just let the liberal agenda out of the bag she paused to collect her thoughts and continued, “Would be about…, basically…, taking over…, and the government running all of your companies.”

You’ve really got to laugh at that quote by that Clinton hack William Galston who says he hopes the parties don’t “blame each other.”  Whenever Democrats are one-hundred percent to blame for a problem, that’s when they start saying, “Let’s not blame each other.”  If this disastrous news had come out during the Bush presidency, you can bet Democrats would be screaming about it.  And calling Bush a “racist” for letting it happen.

Do you think businesses and companies are going to locate their businesses where they’ll be under the thrall of these anti-business socialists who despise them?  Keep dreaming.  And keep demanding that businesses and companies live up to conditions that are impossible for them to meet in the real world and be profitable.  And keep remaining in poverty for the next five generations.

A couple of great quotations from a couple of great minds better explains the situation today than most modern minds could ever hope to equal:

“Above this race of men stands an immense and tutelary power, which takes upon itself alone to secure their gratifications and to watch over their fate. That power is absolute, minute, regular, provident, and mild. It would be like the authority of a parent if, like that authority, its object was to prepare men for manhood; but it seeks, on the contrary, to keep them in perpetual childhood; it is well content that the people should rejoice, provided they think of nothing but rejoicing. For their happiness such a government willingly labors, but it chooses to be the sole agent and the only arbiter of that happiness; it provides for their security, foresees and supplies their necessities, facilitates their pleasures, manages their principal concerns, directs their industry, regulates the descent of property, and subdivides their inheritances; what remains, but to spare them all the care of thinking and all the trouble of living?” — Alexis de Tocqueville

“Of all tyrannies a tyranny sincerely exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience. They may be more likely to go to Heaven yet at the same time likelier to make a Hell of earth. Their very kindness stings with intolerable insult. To be ‘cured’ against one’s will and cured of states which we may not regard as disease is to be put on a level with those who have not yet reached the age of reason or those who never will; to be classed with infants, imbeciles, and domestic animals. But to be punished, however severely, because we have deserved it, because we ‘ought to have known better’, is to be treated as a human person made in God’s image.” — C.S. Lewis