People in Poverty Up 6,667,000; Record 46,496,000 Now Poor

People in Poverty Up 6,667,000; Record 46,496,000 Now Poor

Aside from that astounding news, the median annual income is also down $2,627.

All this is as of 2012 compared to 2008 according to the Census Bureau.

People at or below the poverty level increased by 6,667,000.

These are staggering numbers, especially since we are continually being told that the recession has ended and the economy is generally good.

During the four years that marked President Barack Obama’s first term in office, the real median income of American households dropped by $2,627 and the number of people on poverty increased by approximately 6,667,000, according to data released today by the Census Bureau.

The record total of approximately 46,496,000 people in the United States who are now in poverty, according to the Census Bureau, is more than twice the population of Syria, which, according to the CIA, has 22,457,336 people.

In 2008, the year Obama was elected, real median household income in the United States was $53,644 according to the Census Bureau. In 2012, the last full year of Obama’s first term, median household income was $51,017. Thus, real median household income dropped $2,627—or 4.89 percent—from 2008 to 2012.

Census on Obama’s 1st Term: Real Median Income Down $2,627; People in Poverty Up 6,667,000; Record 46,496,000 Now Poor


This is Progress ????

Looks like Cloward-Piven is alive and doing just fine !!

reply to post by xuenchen

It's all Obama's fault and it all stared in 2008, what can we say. No other institutions share any responsibility, it's all gov. Things will improve with the next administration from the other side of this 2 party illusion, like it always does, right?
I still think it is more of the system that can be manipulated and it needs to evolve and be modified somehow.
Yes, I also acknowledge Obama's injustices and shortcomings, but what's a puppet to do with all that vested money involved in politics these days?

reply to post by xuenchen


It is good...for the rich. Forbes just released information on the 400 richest Americans; They're about $300 billion richer than they were just a year ago. Twice as rich as they were 10 years ago.

Don't ask congress to save us though (we're a bootstrap kind of society anyway), the house wants to cut SNAP funds, cut social programs and give more money to the DoD.

reply to post by xuenchen

The corporations that pay people, offshore jobs, layoff workers to get bigger bonuses, none of them are to fault. The wage gap is a fairy tale. This is all Obama's fault, somehow, magically.

1104light
reply to post by xuenchen

 

The corporations that pay people, offshore jobs, layoff workers to get bigger bonuses, none of them are to fault. The wage gap is a fairy tale. This is all Obama's fault, somehow, magically.

That's what the article seems to be suggesting doesn't it.

I was hoping that Obama and the Democrat controlled congress in 2009 and 2010 would have done something to trigger a better result. They had the chance.

It's tough to get around the Corporatism and Lobbying.

reply to post by xuenchen


So whom do you blame?

1104light
reply to post by xuenchen

 

So whom do you blame?

Corporatism and Lobbying.

Who do you blame ?

Better yet, who would you *like* to 'blame' for a complete turnaround ?

reply to post by xuenchen


Aside from the drop in median income, how much inflation has America seen during the last 5 years?
I can imagine that food/fuel and other cost has gone up which means the costs of living has gone up.

Where do we start?

Lets start by hanging the top 10 on capital hill and leaving their bodies there forever as an example.

Thats the type of grit America was built on and thats the type of grit it will be rebuilt on.

reply to post by onequestion


Oddly enough, ATS crashed for me while editing that post.

Weird???

reply to post by onequestion


No, it happened here too

People in poverty, the government 17 trillion in debt. Am I the only one disgusted by this picture?

What has happened to this great nation of ours?

Bill Clinton, BTW, was the last President to leave a budget surplus when he left office, at 248 billion. The decline started soon after that.

reply to post by xuenchen


It's Kinda Hard to get Democratic Progressive Socialists to Stimulate the Economy with the Creation of Wealth through a Capaitalistic System when it is the Direct Opposite of their Personal Beliefs . Is there a Solution to this Problem ? Yes , Vote them ALL Out of Office and Elect Representatives who Will . The Nanny State is a Failed Experiment , can't we All Agree on that by Now ?...........

reply to post by Zanti Misfit


That doesn't make any sense.

What we need is the mega corps to share their wealth. We need to bring jobs back to the US. You know how hard it is to get a decent job in the US right now? YEARS of waiting just to get an apprenticeship.

reply to post by xuenchen


How do you blame someone for a complete turnaround? If one would happen, it would be something to credit, not blame.

reply to post by onequestion


" What we need is the mega corps to share their wealth "


Speaking of Not Making Sense...........Do you Actually Believe that would Ever Happen ? ............


i297.photobucket.com...


...................

1104light
reply to post by xuenchen

 

How do you blame someone for a complete turnaround? If one would happen, it would be something to credit, not blame.

Hmmm.

Well then who would you *like* to 'credit' for a complete turnaround ?

reply to post by xuenchen


That has to happen first, doesn't it? But it has not and whether you like it or not, people are to blame. Are you Christian? Do you like the wage gap and the reasons for it?

reply to post by xuenchen

Clearly, it is Bush's fault, I mean c'mon?

Thirdly, we should have spent $20 trillion on digging holes and filling them. Idiots, just look at China - they built those huge cities with no one in them and created jobs.

I'm voting for Lord Milligan next time.

reply to post by Zanti Misfit


It has to happen its an inevitable probability. Eventually they are going to collapse under their own weight.