Perdido 03

Perdido 03

Sunday, July 22, 2012

Not Adding Value: Obama Edition

From the Associated Press:

The ranks of America's poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net.

Census figures for 2011 will be released this fall in the critical weeks ahead of the November elections.

The Associated Press surveyed more than a dozen economists, think tanks and academics, both nonpartisan and those with known liberal or conservative leanings, and found a broad consensus: The official poverty rate will rise from 15.1 percent in 2010, climbing as high as 15.7 percent. Several predicted a more modest gain, but even a 0.1 percentage point increase would put poverty at the highest level since 1965.

Poverty is spreading at record levels across many groups, from underemployed workers and suburban families to the poorest poor. More discouraged workers are giving up on the job market, leaving them vulnerable as unemployment aid begins to run out. Suburbs are seeing increases in poverty, including in such political battlegrounds as Colorado, Florida and Nevada, where voters are coping with a new norm of living hand to mouth.

"I grew up going to Hawaii every summer. Now I'm here, applying for assistance because it's hard to make ends meet. It's very hard to adjust," said Laura Fritz, 27, of Wheat Ridge, Colo., describing her slide from rich to poor as she filled out aid forms at a county center. Since 2000, large swaths of Jefferson County just outside Denver have seen poverty nearly double.

Fritz says she grew up wealthy in the Denver suburb of Highlands Ranch, but fortunes turned after her parents lost a significant amount of money in the housing bust. Stuck in a half-million dollar house, her parents began living off food stamps and Fritz's college money evaporated. She tried joining the Army but was injured during basic training.

Now she's living on disability, with an infant daughter and a boyfriend, Garrett Goudeseune, 25, who can't find work as a landscaper. They are struggling to pay their $650 rent on his unemployment checks and don't know how they would get by without the extra help as they hope for the job market to improve.

In an election year dominated by discussion of the middle class, Fritz's case highlights a dim reality for the growing group in poverty. Millions could fall through the cracks as government aid from unemployment insurance, Medicaid, welfare and food stamps diminishes.

"The issues aren't just with public benefits. We have some deep problems in the economy," said Peter Edelman, director of the Georgetown Center on Poverty, Inequality and Public Policy.

Not a pretty picture.

But as usual with our elite overlords, President Obama refuses to be held accountable by the data.

You see, it's Bush's fault.


Obama wasted all that stimulus money on jive like Race to the Top.

There should have been national programs rebuilding the infrastructure of this country - the roads, the bridges, the rail, the electric grid.

We could have put Americans back to work and rebuilt the Third World infrastructure we suffer with.

Instead we got teacher evaluations tied to test scores.

Heckuva job, Barack "Hoover" Obama.

We need to add one more man to the unemployment ranks - Barack "Hoover" Obama.

1 comment:

  1. I'm not going to vote for the guy, but I think I'll take him over Romney, not for policy but strategic reasons. While a Democrat may be "the more effective evil", seems like when a R is in office all of the left rallies around the Ds, whereas when a D is in office, a sizeable faction breaks away from the 2 party system. Hence, after 2 term D presidents, you get Nader, 1968, etc.

    So I don't know whether an unemployed Obie is such a good idea. But it's an interesting question.