Thursday, November 03, 2011

The Most Damning Statistic of Obama's Failed Economic Policies

We spent $4 trillion and this is what all that money has bought us.

About 20.5 million Americans, or 6.7 percent of the U.S. population, make up the poorest poor, defined as those at 50 percent or less of the official poverty level. Those living in deep poverty represent nearly half of the 46.2 million people scraping by below the poverty line. In 2010, the poorest poor meant an income of $5,570 or less for an individual and $11,157 for a family of four.

That 6.7 percent share is the highest in the 35 years that the Census Bureau has maintained such records, surpassing previous highs in 2009 and 1993 of just over 6 percent.

The the poor have grown to a historic number under Obama's watch. I mean no amount of stimulus can obscure the fact that Obama was dealt a bad hand and proceeded to make things far worse.

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