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Economists: US Poverty On Track To Hit Highest Level Since 1960s
First time accepted submitter eentory writes "According to economists and other experts surveyed by the Associated Press, the U.S. poverty rate is on track to hit its highest level since the 1960s. The consensus among those surveyed is that 'the official poverty rate will rise from 15.1 percent in 2010, climbing as high as 15.7 percent.' Just a 0.1 percent increase would put the poverty rate at its highest since 1965."
Why did Obama wait until he lost control of Congress to try and revive the economy?
I am not a fan of Obama, but he never had control of Congress. I believe what you refer to as "control" was 59 Democrats + 1 Indep, with 60 votes needed to break a filibuster. So he would need absolute unanimous support and the support of Lieberman (who negotiated quite a bit for his single vote).
That's a very theoretical "control", that could be broken by luring one person away (or even someone sick/campaigning/etc/).
You know what? The Constitution puts the spending power in the hands of Congress, not the president. So, take a look at where the deficits are really happening
"Somebody has to do something. It's just incredibly pathetic it has to be us."
--- Jerry Garcia
Funny how the stimulus act exists when Republicans want to bash Obama on the debt, and then ceases to exist when they want to ask what he's done about job creation.
The graphs tell the tale, when the stimulus kicked in jobs recovered, when it began to phase out, job growth stalled -- all the while Obama has proposed additional stimulus and gotten thwacked in the knockers for it every time.