One in seven were in poverty in 2009 according to the Census Bureau. Poverty is up, income is down, even the number of people with health insurance is down under Obama's leadership - but if you look at some other economic indicators, the "rich" are getting richer widening the gap between the haves and have nots.
Quote:
WASHINGTON The withering recession pushed the number of Americans who are living in poverty to a 51-year high in 2009 and left a record 50.7 million people without health insurance, the Census Bureau announced Thursday.
The 43.6 million Americans who were poor last year - up from 39.8 million the year before - were the most since poverty estimates were first published in 1959. The national poverty rate of 14.3 percent, up from 13.2 percent in 2008, was the highest since 1994.
The bureau also found that median income - the amount at which half of U.S. households earn more or less - had fallen 4.2 percent by 2009 since the recession began in 2007.
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Recession grinds 1 in 7 into poverty - CharlotteObserver.com
I have a theory.
Perhaps the "rich" have gotten together to conspire to increase the poverty rate and get richer so that Obama fails since they really, really, really, don't like him. What do you think?
Or,
Perhaps, Obama's economic strategy is failing, that his attacks on the very people who drive economic growth has been the absolute wrong thing to do, and the threat of increased taxes, increased health care costs, increased regulation has put the brakes on wealth flowing from the "rich" to the rest of us.