Tuesday, September 13, 2011

Is This What an Obama "Recovery" Looks Like?

Remember the much heralded "Recovery Summer"? That was last year, in case you've lost track. Not only was the summer of '10 not one of recovery, the entire year was historic, in a sad, painful way:
U.S. Poverty Climbed to 17-Year High in 2010
The U.S. poverty rate rose to the highest level in almost two decades and household income fell in 2010, underscoring the lingering impact of the worst economic slump in seven decades. Data released by the Census Bureau today showed the proportion of people living in poverty climbed to 15.1 percent last year from 14.3 percent in 2009, and median household income declined 2.3 percent.
The number of Americans living in poverty was the highest in the 52 years since the U.S. Census Bureau began gathering that statistic.Those figures may have worsened in recent months as the economy weakened. “Families are struggling to put food on the table, and they don’t have the purchasing power to help the economy recover,” said Isabel Sawhill, a senior fellow at the Brookings Institution in Washington.

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