Tuesday, September 13, 2011

The Poverty Surge

The big news today was the decline in US household income and rising poverty.

U.S. household income fell to its lowest level in more than a decade in 2010 and poverty rose to a 17-year high, setting the stage for the debate over jobs and the economy that will dominate the 2012 presidential race.

The GOP contenders were out there talking about it today. But we know it's all due to George Bush and global warming. Not necessarily in that order. Plus, President Obama is going to have a very rough re-election campaign if this is the economy for the next 14 months.

Anyway, not really the best of news. I think we're all getting a little weary of this recession. It seems as if it has been going on for quite a while.

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