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Broken Promise On Poverty

- September 13, 2011

obamanomics

As A Record Number Of Americans Fall Into Poverty, Another Promise Of Obamanomics Is Broken

PRESIDENT OBAMA PROMISED THAT THE STIMULUS BILL WOULD LIFT TWO MILLION AMERICANS OUT OF POVERTY

February 17, 2009: President Obama Said That The Stimulus Bill Would Lift Two Million Americans Out Of Poverty. OBAMA: “And it's a plan that rewards responsibility, lifting 2 million Americans from poverty by ensuring that anyone who works hard does not have to raise a child below the poverty line. So as a whole, this plan will help poor and working Americans pull themselves into the middle class in a way we haven't seen in nearly 50 years.” (President Barack Obama, Remarks on Signing the American Recovery and Reinvestment Act of 2009, Denver, CO, 2/17/09)

Today: The U.S. Census Bureau Reports That 2.6 Million More Americans Fell In To Poverty And The Number Of Americans Living In Poverty (46.2 Million) Reached The Highest Level On Record. “The nation's official poverty rate in 2010 was 15.1 percent, up from 14.3 percent in 2009 ─ the third consecutive annual increase in the poverty rate.  There were 46.2 million people in poverty in 2010, up from 43.6 million in 2009 ─ the fourth consecutive annual increase and the largest number in the 52 years for which poverty estimates have been published.” (Press Release, “Income, Poverty And Health Insurance Coverage In The United States: 2010,” U.S. Census Bureau, 9/13/11)

The Number Of People Who Didn’t Work At All Last Year Increased To 86.7 Million. “Trudi Renwick, the bureau's chief of the Poverty Statistics Branch, says ‘the single most important factor’ in the increase in poverty might be the increase in the number of people who did not work at all last year. She says the number of people over 16 who did not work at least one week increased from 83.3 million in 2009 to 86.7 million last year.” (Douglas Stanglin, “Census Bureau: U.S. Poverty Rises To 15.1%, Highest Since 1983,” USA Today, 9/13/11)

Median Income Is At Its Lowest Level Since 1997. “The report also indicated that median household income, adjusted for inflation, was lower last year than any year since in 1997.” (Reid J. Epstein, “Poverty Rate Highest In 18 Years,” Politico, 9/13/11)

“Inflation-Adjusted Median Household Income In The U.S. Fell 2.3% In 2010 From A Year Ago, To $49,445.” (Don Lee, “Record 46.2 Million Americans Live In Poverty, Census Bureau Says,” Los Angeles Times, 9/13/11) 

  • “Taken Together, The Data All Point To The Severe And Widespread Financial Strains Of A Nation In The Throes Of An Economic Crisis.” (Don Lee, “Record 46.2 Million Americans Live In Poverty, Census Bureau Says,” Los Angeles Times, 9/13/11) 

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