WASHINGTON – The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.
Census figures for 2009 — the recession-ravaged first year of the Democrat's presidency — are to be released in the coming week, and demographers expect grim findings.
It's unfortunate timing for Obama and his party just seven weeks before important elections when control of Congress is at stake. The anticipated poverty rate increase — from 13.2 percent to about 15 percent — would be another blow to Democrats struggling to persuade voters to keep them in power.
http://news.yahoo.com/s/ap/20100911/ap_on_bi_ge/us_poverty_in_america
And, according to the President's top economic dog, things aren't going to get better any time soon.
"President Obama's new chairman of the Council of Economic Affairs (CEA) said Sunday that the national unemployment rate will not decrease significantly anytime soon.
Austan Goolsbee, who Obama announced on Friday will replace Christina Romer as head of the CEA, told "Fox News Sunday" that the president is doing all he can to help the economy, but the recession was so deep, it will take some time for employment numbers to recover."
http://thehill.com/blogs/blog-briefing-room/news/118221-new-economic-chairman-unemployment-going-to-stay-high-in-near-term
later. iowan15
