There are many ways to look at poverty. No matter how you slice it, poverty has been worse and tougher under the Bush Administation.
Reuters reports that “he poorest people in the United States are still struggling to recover from the effects of a recession that ended six years ago, making them very vulnerable as the country stands on the brink of a new downturn.”
Typically, the time between recessions are periods when poverty declines. But for the last six years, while the stock market boomed, poverty increased from 11.7 percent in 2001 to 12.3 in 2007.
“It’s unusual in an economic recovery that … we still have poverty higher than it was in the recession that preceded it,” said Sharon Parrott, a policy analyst for the Center on Budget and Policy Priorities.
Now, with a credit crunch, mortgage crisis, and recession on the horizon, poverty is primed to increase even more.
Check out the Center for American Progress’ plan to help the poor (not giving them a check)
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