Obama’s America: 80% of Americans Near Poverty

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Obama’s America: 80% of Americans Near Poverty Empty Obama’s America: 80% of Americans Near Poverty

Post by Rumrunner on Thu Aug 01, 2013 12:01 pm

In a clear sign that the US economy is in a massive downtrend, the AP released data over the weekend that says 4 out of every 5 adults in the country will be jobless, near-poverty, or rely on welfare for at least some part of their life.

The data suggests this is due to a widening poverty gap and the loss of manufacturing jobs in the country. The poll defines this economic insecurity as a year or more of joblessness or reliance on a federal or state economic assistance program. The study found that 79% of those polled fell into this category, which constitutes an all-time high.

The poll also found that a record number of Americans live below the poverty line. Most respondents cite either the recession or unemployment as the main cause.

While non-white Americans still make up the largest percentage of the poor in the country, the raw numbers of poor are still predominantly white with nearly double the number of black households in poverty. The poll also showed that whites experienced the largest increase among racial groups being forced into poverty since 2000.

A professor at Washing University who helped calculate the numbers said, “Poverty is no long an issue of ‘them’ and ‘us’.”

Experts who have looked at the data believe that by 2030 this number will go up again with about 85% claiming some time in unemployment or welfare. Many working Americans seem to agree with the prognosis, although there is a racial disparage. The study found that 49% of working-class white Americans feel their children will do better than themselves while 67% of non-white Americans feel their children will have better economic lives. This is a direct reversal of the numbers from as little as 10 years ago.

While the President has been crossing the country touting his new job and economy focus, the numbers from this poll suggest that working-class Americans are not hopeful these jobs will fall to them.

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Post by flashback on Thu Aug 01, 2013 1:03 pm

We are well on our way to third-world status...."equality" in Obamao's eyes.

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Post by Rumrunner on Thu Aug 01, 2013 1:07 pm

It's a shame he has to be this way. He had the ability to be a great leader, but has chosen to be the worst.
Dictator is the first term that comes to mind when I think of how to sum him up.

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Post by Bravo4 on Thu Aug 01, 2013 6:34 pm

"massive downtrend" has to be one of the understatements of the century....kind of like saying the "A bomb" is just a bomb

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