Tuesday, September 13, 2011

Truly Incredible: America's Poverty Rate Hits 50-Year High

Update

Upset. Now, how is The New York Times reporting it? "... unknown gains seat ... " at least it's above the fold.

Original Post
Link here.
In a grim portrait of a nation in economic turmoil, the government reported that the number of people living in poverty last year surged to 46.2 million — the most in at least half a century — as 1 million more Americans went without health insurance and household incomes fell sharply.

The poverty rate for all Americans rose in 2010 for the third consecutive year, matching the 15.1% figure in 1993 and pushing many more young adults to double up or return to their parents' home to avoid joining the ranks of the poor.
The president's name was not mentioned in this particular article. Ya gotta wonder.

Yup, hope and change.

And to think that opening the energy resources of this great country ....

A talking head on CNBC put it succinctly: he does not understand why the administration is willing to pay $300 billion (or whatever it is) to despotic leaders of OPEC and at the same time "bang" relentlessly on the American domestic oil industry, and industry that provides millions of jobs and untold billions in for the economy.

I have to agree; it doesn't make sense. Unless your goal is to destroy America.