US poverty rate rises record amount under Obama’s leadership

Story here from the NY Daily News. (H/T Wes Widner)

Excerpt:

The U.S. poverty rate has skyrocketed by a record amount under the Obama administration, with one out of seven Americans considered poor last year, according to a report Saturday.

The disturbing trend is an estimate of 2009 census data set for release on Thursday, The Associated Press reported.

Underscoring the depth of the recession, a projected 45 million people – or about 15% of the population – were poor last year. In 2008, 13.2% of the country lived in poverty.

The estimated 1.8 percentage-point increase in 2009 is the largest year-to-year uptick since the U.S. started calculating poverty figures in 1959. The previous high came during the 1980 national energy crisis, when the rate soared 1.3 percentage points to 13%.

More from Fox News.  (H/T Dad)

Excerpt:

Demographers also are confident the report will show:

  • Child poverty increased from 19 percent to more than 20 percent.
  • Blacks and Latinos were disproportionately hit, based on their higher rates of unemployment.
  • Metropolitan areas that posted the largest gains in poverty included Modesto, Calif.; Detroit; Cape Coral-Fort Myers, Fla.; Los Angeles and Las Vegas.

Numbers don’t lie – he’s the worst President ever.

One thought on “US poverty rate rises record amount under Obama’s leadership”

  1. It will keep on rising, Obama or no Obama… but that’s just my opinion… the fault is lack of regulation coming from the Reagan era.
    Even during Bush’s administration it rose… naturally it would keep rising under Obama… In case you haven’t noticed we are on a recession!

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