Poverty Rate Rises Under Obama

How’s that Hope & Change working out for you? Unless you’re a well-connected crony capitalist or a power-drunk government bureaucrat, probably not too well:

Amid a still struggling economy, more people in America fell below the poverty line last year, according to new census data released Tuesday.

The nation’s poverty rate rose to 15.1% in 2010, its highest level since 1993. In 2009, 14.3% of people in America were living in poverty. …

About 46.2 million people are now considered in poverty, 2.6 million more than last year. …

The poverty rate for children under age 18 increased to 22% in 2010, meaning more than 1 in 5 children in America are living in poverty.

Even those who manage to cling to the middle class despite Obamanomics are seeing their earnings dwindle.

For middle-class families, income fell in 2010. The median household income was $49,445, down slightly from $49,777 the year before.

But at least we all have insurance, now that Obama seized control of the healthcare sector at staggering public expense. Oh wait:

The census report also contained data on health insurance, showing people lacking medical benefits climbed to 49.9 million last year, up from 49 million in 2009.

If Obama runs on his record, he has already lost, despite his $1 billion campaign war chest and all the other $billions that have been strategically spread around through stimulus sprees and bailouts. That’s why the 2012 campaign is going to be ugly.


On tips from J and Byron. Cross-posted at Moonbattery.

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