Tag: poverty rate

THE REAL STATE OF OBAMA’S UNION

The Liar-in-Chief evidently crowed last night about his awesome achievements in turning our economy around, generating millions of jobs, and cutting our deficits. The average American knows he’s full of shit and lying his half black ass off. The economy is in recession and has been in recession for the average person (not Wall Street bankers and DC politicians) for years.

His Obamacare debacle is destroying the finances of middle class families and small businesses. The jobs added are part-time shit jobs for people who got laid off from good paying full-time jobs because of Obamacare. Deficits have been artificially cut through accounting schemes with Fannie, Freddie, and the Fed. They are poised to soar back to $1 trillion per year because Obama has done nothing but add to our unfunded welfare liabilities.

Obama fancies himself as the champion of the poor and working class. The chart below reveals the true state of Obama’s union. Real median income in 2007 before the Wall Street created financial collapse was $57,300. Today it is $53,800. Any idiot who considers that progress should be a community organizer. The Liar-in-Chief took office in 2009 when the poverty rate was 14.5%. He’s going to leave office with the poverty rate exceeding 15.5%. His black poverty stricken constituency should be stringing him up, based on his success in alleviating their pain.

Obama is a joke. He will go down in history as one of the worst presidents in history, and that is hard to do.


THE REAL REASON THE AMERICAN DREAM IS UNRAVELING

Marketwatch posted an article this week titled Why the American Dream is Unraveling, in 4 charts. As usual, the MSM journalist and the liberal Harvard academic can create charts that reveal a huge problem, but they completely misdiagnose the causes and offer the typical wrong solution of taking more money from producers and handing it to the poor, with no strings attached. This has been the standard operating procedure since LBJ began his War on Poverty 50 years ago. Do these control freaks ever step back and assess how that war is going?

The poverty rate had plunged from 34% in 1950 to below 20% before LBJ ever declared war. It continued down to 15% just as the welfare programs began to be implemented. The percentage of people living in poverty hasn’t budged from the 15% range since the war began. This war has been just as successful as the war on drugs and the war on terrorism. Any time a politician declares war on something, expect a huge price tag and more of the “problem” they are declaring war upon.

The Federal government runs over 80 means-tested welfare programs that provide cash, food, housing, medical care, and targeted social services to poor and low-income Americans. Over 100 million Americans received benefits from at least one of these programs. Federal and state governments spent $943 billion in 2013 on these programs at an average cost of $9,000 per recipient (not including Social Security & Medicare). That is 27% of the total Federal budget. Welfare spending as a percentage of the Federal budget was less than 2% prior to the launch of the War on Poverty.

In the 50 years since this war started, U.S. taxpayers have spent over $22 trillion on anti-poverty programs. Adjusted for inflation, this spending (which does not include Social Security or Medicare) is three times the cost of all U.S. military wars since the American Revolution. In terms of LBJ’s main goal of reducing the “causes” rather than the mere “consequences” of poverty, the War on Poverty has utterly failed. In fact, a large proportion of the population is now completely dependent upon government handouts, incapable of self-sufficiency, and enslaved in a welfare mentality that has destroyed their communities.

Continue reading “THE REAL REASON THE AMERICAN DREAM IS UNRAVELING”