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Record 46.7 Million Americans Live In Poverty; Household Income Back To 1989 Levels
At this moment, president Obama is taking to the Business Roundtable where as noted previously he will discuss "the turnarounds in the stock market, housing iprices [sic?] and job growth."
In other words: helping wealth inequality hit record levels, permitting Chinese and other offshore "investors" to push high-end US real estate prices to never before seen levels, while everyone else "benefits" from record jobs for bartenders and waiters.
As for the stock market, other socialist leaders will laugh at Obama's puny returns.
Obama: Stocks have doubled since 2009
Maduro: Stocks are up 44,584% since 2009
— Tim Backshall (@credittrader) September 16, 2015
That said, here are some things Obama will not discuss.
According to the just released Census Bureau annual report on Income and Poverty, in 2014 the official poverty rate was 14.8% as a result of a record 46.7 million Americans living in poverty. This is the fifth consecutive year since the end of the recession that the number of impoverished Americans has barely not budged. What recovery?
Worse, while there was no material change for the percentage of Americans in poverty, there was a statistical increase in the number of people in poverty who had at least a bachelor’s degree (rising from 3 million to 3.4 million in one year) and married-couple families. Because through higher education and debt, to poverty.
The people living in extreme poverty, i.e. below 50% of the poverty minimum, also rose to an all time high of 20.8 million.
Of the 91 million Americans who were out of the labor force in 2014 and otherwise did not work, a record 24.2% or 22 million, lived in poverty.
But the most damning fact about the total failure of the US recovery, and one thing Obama will certainly not mention, is that the median real household income, after posting a modest increase in 2013 to $54,462, dropped once again, sliding 1.5% in 2014 to $53,657 and down from a high of $57,843 record in 1999.
This was nearly the same as the $53,306 median household income recorded in... 1989.
So all those talking about Japan's lost three decades, perhaps it is time to mention America's lost 25 years...
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How Much things cost in 1989 Yearly Inflation Rate U.S.A. 4.83% Year End Close Dow Jones Industrial Average 2753 Interest Rates Year End Federal Reserve 10.50% Average Cost of new house $120,000.00 Average Income per year $27,450.00 Average Monthly Rent $420.00 Average Price for new car $15,3500.00 1 gallon of gas 97 cents US Postage Stamp 25 cents BMW 325 $21,400 Ford Probe $12,695 Ham and Cheese Pizza $2.59 Rib Eye Steak Lb $3.79 Ritz Crackers $1.79 Barb
I prefer to use 1970 the last year of sound money.
Cost of new house 23,450
Avg Income 9,400
Minimum wage 2.10
Movie ticket 1.55
Gasoline .36 cents gal
Postage stamp 6 cents
Sugar .39 cents 5lb
Milk .62 cents gal
Coffee 1.90 lb
Eggs .59 doz
Bread .25 cents
Thats your real basket of goods and services. Thank you Janet, may we have another
Careful, or you'll be sent to the 'fun' camp for badthink about real money......
Your list just shows how much better things are now. Today I can buy an '89 Probe for about $700. That a far better value than $12K.
If you can find one that is not in the junk yard...where it belongs. HAHAHAHAHHAA
http://www.ebay.com/itm/BMW-3-Series-324TD/251477768439?_trksid=p2045573...
You can still get the 1989 BMW Turbo Diesel for the half the sticker price. I'd say that's a good value. Attractive car with plenty of options. Those old diesels were well made and will run forever.
" Yes we can! "
... and Bankers have never been richer!
soot spewing piece of shit. And it's been in Cali buringing biodiesel. I wouldn't touch it. first repair will be $20,000.
lol
Hey...I loved my Probe. I know...not a fan base out there but after an initial (huge) issue under warranty...mine lasted a loooooong time.
Never had bazaar issues with the Probe like I have had with BMW....I'd like to add.
As the Fed says.....get yourself some assets.
And the treasury says.......get yourself some pussy.
and about to ADD a Gazillion more,apparently...Well Played,USA.
How about we adjust the poverty level over the years with a M2 deflator adjusted for population growth.
Oops my bad...You are all poverty stricken suckers now.
I cannot listen to that pompous pathalogical liar and his fawning press muppets It makes me ill it truly is beyond my comprehension American liberal progressives eat it up and I still hear people say "best president ever" i just cant wrap my mind around this
"Winning!" that is all...
The median income is back to where it was 25 years ago but Stock market has been close to all time highs, recent 10% correction notwithstanding. The Government is controlled by the Oligarchs.
Here comes the unwind of China purchases of foreign real estate. It will need to be turned to cash to cover mgn calls on their mess over there AND I suspect they are going to hike the yuan value soon: Become a consumer based econ and hopefully stop the crazy BOP stuff here in the US that only fiat can create... hahah
Pick on the college students you will.
Oddly enough inmates are also considered to be below the poverty line.
Such strange bedfellows for college students...
Now correct me if I am wrong but I thought the great society programs were supposed to fix all this poverty shit?
$28 trillion redistributed, and all it cost was the complete destruction of the Black family structure. Yet the poverty rate is virtually unchanged. That is a record of success that socialist morons like Bernie Sanders should be proud of.
Work for the Government.
Work for a Government contractor, of some sort.
Collect a government pension.
Collect SS Disability.
Live a shit existance, but on Welfare.
Be an " illeagal, under the radar, no records, no tax, invader"
( that can just waltz back out when things get tough)
Ways to survive in the USA today.
In 1983, I got married and chose to go the route of hard work, business owner, entrepreneur.
Hindsight being 20/20, a better decision would have been to get a job with county roads, cutting the grass in the median strip. I'd be retired with a gold plated pension, and grabbed another county job, for the double dip.
Correct. And yet every public taker I speak with, refuses to admit the unsustainable situation they believe they are entitled to. It is mind numbing. Kill the pensions. Pay as you go. Get back to reality. And maybe people will stop being kicked out if their houses to pay for these unfair, colluded, pensions.
If they agree with you then they are admitting that their entire existence is a farce supported by fairy dust and stealing from other.
They will never accept that as it means they are thieves. They actually know this but cannot mention it in public.
I know whole families working for local government . Husband and wife. Father. Mother. Nepotism reigns supreme.
They live like royalty.
Do I sound envious and bitter?
You sound rather matter-of-fact. Learn to curse.
That conversation has floated around this household several times as well.
But....we're smarter, faster and better off mentally (at least I hope so) to have gone the entrepreneurial route. We are also raising strong-willed and independent teens who are unlikely to go work for "the Man"
Have you heard this one “one in six Americans are hungry and don’t get enough to eat”
In 2013, 49.1 million Americans lived in food insecure households, including 33.3 million adults and 15.8 million children.
http://www.feedingamerica.org/hunger-in-america/impact-of-hunger/hunger-and-poverty/hunger-and-poverty-fact-sheet.html
Food insecurity is the most broadly-used measure of food deprivation in the United States. The USDA defines food insecurity as meaning “consistent access to adequate food is limited by a lack of money and other resources at times during the year.”
However, More than one-third (35.7 percent) of adults are considered to be obese. More than 1 in 20 (6.3 percent) have extreme obesity. Almost 3 in 4 men (74 percent) are considered to be overweight or obese. The prevalence of obesity is similar for both men and women (about 36 percent).
We need to take from Paul and feed Peter
Total bullshit statistic. USDA hands out WIC and EBT by the billions. I knew a guy with 3 kids and a wife on EBT/WIC and they got over $700 a month to spend on whatever they wanted. Sure ate a lot of bacon wrapped fillet mignon for unemployed fat people.
The parasites are easy to spot at the market, they are the ones with 20 pounds of crab legs, 10 racks of ribs, and copious amounts of sugary drinks.
I hear ya, City. I was down to my last few bucks before next consulting fee was coming in the mail and had to grocery shop. I'm dealing with several slow-paying client firms of late (sign of the times). Anyway, I had been strategizing food for teenagers all month - and was trying to be careful - especially with my last few bucks. So...while I was standing in line at the store...sad purchases in hand, I noticed the lady in front of me was purchasing a cardbook box full of meat ($99) and other goodies. She paid for the meat with her EBT. She also had a BIG roll of cash to pay for extras not covered by EBT. Drug money? Maybe. But there are several folks across this fine nation would are great at playing the system.
In our county and areas beyond - there are people who will NOT do work (fix car, cleaning, etc.) unless you pay cash.
Oh...and the car that lady was driving (assuming it was hers) was maybe 2 years old. My cars are 16 and 13 years old. I'm not complaining...they have been paid off for a looooong time. But watching some EBT recipients at the grocery strore is getting to be really disheartening.
I have to agree. Assistance is very available I'd you can't afford food. If you have hungry kids and you're too proud to apply for assistance than fuck you... you do whatever it takes to make sure they eat.
That said, $700 a month? At least here in MN a family of four does not get that much. You get enough to stay fed, but not enough to buy just whatever the hell you want to eat.
The cost per plate to see this turd live is probably even more than Benny Hinn charges
Recovery!
Its sickening that this makes me feel better about myself. Yuck.
Obviously the TBTF bankers come first....poor folks just do not have any political pull and cannot afford to make donations. Obama is such an incredible scam...it is amazing that few see through this obvious BS.
I wonder if that poverty chart is right. Has there been no significant increase in poverty in the last 4 years? This data is fake like everything else.
I'd think it's safe to say, it's damn near impossible to starve to death in the USA today.
Now, feeding you death is another story.
Thanks for the ride
When they first set up this system of slavery, the Protestant work ethic was leveraged to enforce it on the public. A false morality was laid over people's natural inborn morality, and this was the morality of the slave that we currently enjoy.
The promise of buying your freedom was "retirement". If you were a good slave your whole life, you could be put out to pasture in your last few useless years. When they took that away by zero interest rates and high taxes, they lost their moral authority to crack the work ethic whip on the "lazy". Their public narrative is falling apart.
Now that it is becoming widely known that there are no open slave positions, and that 90% of the slave positions that do exist will not pay enough to live and prosper, further cracks in the current public moral paradigm are appearing. These will widen into fissures and discontent will grow.
These numbers in this article, as surprising as they may be to some, are understating the problem greatly. They are far lower than the truth, but this is as much as they will admit. They have been piss poor stewards of the public trust, as they term their position in the social hierarchy. If the peasants start learning the truth it will be all over for this incarnation of the system and its elite. No one will comply anymore, and that's all it takes for the edifice to crumble.
Possibly best post ever.
Well it all makes sense then why housing prices are through the roof. /s
Well done Fed. If the Federal Reserve actually worked for anyone besides the banks, they would be FIRED, because they failed miserably. Take the power away from these idiots already. Why America lets these morons decide anything that is of importance is crazy.
People taking out huge loans on overpriced assets because they can "afford the payments", enslaving themselves and destroying their future in the process is sad to watch, but banks love it.
You mean 50 million illegal aliens/Mexicans and other subhumans are living in poverty. None of the white kids I grew up with are living in poverty. None. And I grew up in a poor black neighborhood, in a poor town in a poor county by the way.
Why should uneducated, illiterate, diseased criminal invaders live like highly educated law abiding U.S. citizens? Answer me that.
Because we are the US of A, and we did something, somewhere at sometime to cause their misery, and make their plight our social responsility?
What do I win?
Yea, I studied hard, went to college, worked everywhere from fast food to retail, took jobs with crazy hours/schedules, worked holidays, weekends, and nights for YEARS while others were out partying. Stayed out of trouble with the law. Oh, and then there's those years I was in the military.
Fucking white privilege.
You poor thing.
Ignoring the outright racism, where the fuck do you live? Long Island? I live in a place where almost everyone is white, and most of them are poor. There simply are not enough jobs to go around, and that will not change. This is good. The more people who are forced out of the industrial slave economy, the faster we as a people can start to leave it behind.
His speech was just all the great things in his mind that he has done....wow.what a God he is....the King...all bow down to the King....we should be at 5% interest by the Feds if we are that strong...
Bullshit the economy is strong MDB told me so :)
Wait until it hits 1889 levels...
Hahaha! We love keep goyim in confusion. Fool them with kosher statistics and fallacious words. Anyone in America called ‘Americans. Most 46.7 millions are non-white invaders. They breed like rats. Live on welfare. Be in poverty. If work, paid low wage. Kosher press use stories like this make whites feel guilty. Make white goyim consent to higher taxes. Give more money to non-white invaders. Most whites in poverty not counted. Not on welfare. Try hard to stay off dole. Would rather keep pride and live in poverty before ask for handout. Droves of invaders shipped in by kosher run government. Invaders expect and demand free everything. Kosher press make taxpayer feel white guilt for white privilege. Very soon ‘America’ be third world.
This how kosher created ‘democracy’ work:
Step One
Sell an idea to the population that doesn’t exist in reality, similar to the jew-Bolshevik idea in 1789 France such as “Liberty, Fraternity, Equality”. In this case, it’s “Democracy” as sold to the population in the early 1900s by the jew Edward Bernays who was just working to keep the world safe for democracy (wink-wink, nudge-nudge).
Step Two
Change all the immigration laws just like the jews did after WWII.
Step Three
Import hordes of non-Whites into countries that are predominately White – that is, created by Whites and reflecting the innovations and hard work of the White race - all while forcing the White indigenous population to foot the bill.
Step Four
Increase the sheer numbers of the non-Whites to such an extent that they can “democratically” change the White Western culture into a third-world cesspit.
Step Five
Add in heavy doses of White guilt, jew-controlled mass media, a ZOG government, and then, before you know it, Prest-O Change-O! you have democracy busting out everywhere and making the world a safe and wonderful place for everyone, unless of course, you happen to be White. But who the hell cares, just as long as it happens “democratically”, right?
OY VEY!!!
Oy vey Rabbi, die Goyim know!...shut it down, shut it all down!
How many of these alleged "Americans" are the 10's of MILLIONS of imported poverty of Latin America ?
Some huge majority of them.
As I stated upthread, I live in rural MN. Almost everyone is white. Most are poor.
Are these poor whites breeding ?
White goyim can't afford families. Too busy working to support welfare blacks. If kosher tribe can't get you die off naturally, we breed you out with race-mixing or drive-by shooting. Your preference. Oy Vey!!
Goyim kvetching soon in rural MN. UNHCR seeding programs underway. Communities less than 13.8% black soon be seeded with sub-Saharan black ‘refugees’ staged in Twin Cities. Just look at St. Cloud. Heh heh. Goyim keep eye out for HUD section 8 housing programs in white rural areas. Goyim wonder why unexplained police force buildup per capita. You see rural town 95% white with 1200 population, with 15+ cops? Why? Imported blacks send crime through roof. Big money be made on white suffering. Blacks and other non-whites are kosher proxies. We make you pay for your own destruction. Stupid white goyim. We put in your face but still not see. Soon you beg for police state. You cry please, please protect us. LOL! OY! OY! OY!
I know how to fix this problem, lets redouble our efforts and bring in 4 million immigrants a year to drive down wages even further. That will really turn things around.
That's Europe's plan, bring in millions of illiterate young Muslim men to brutalize their children, women, and elderly. Europe has 40%+ youth unemployment so they really need tens of millions more young people. Especially illiterate young Muslim males. So needed.
Eventually a man with a moustache will raise again...
That man on the horseback is just getting back in the saddle!
46.7 Million? let me guess..
26 million african american and 20 million hispanic latinos?
BINGO! Give that man a bagel. LOL!!
Blame the atheists of all persuasions.
Wow... seriously?
Why not? They blame everybody else!
Show me one hungry person in the USA.
No one has been able to yet.
And going to a food pantry does not mean you are hungry. It means you are cheap or broke, but not hungry.
Barack Obama's true legacy: the Inequality President
As an avid reader of literature and someone who is capable of reading between the lines on various subject matters. Debt and liberalism(socialism in disguise) is really about the ability for the elite to turn the ordinary man and woman into mere low rent prostitutes. While the job of social divisive politics is to keep idiots from getting a clue. The american middle class MUST be eroded and chasms must be created so that the very wealthy elite can rule over their "fellow" man.
This is ALL the ability to be the new pharoahs of the modern world and there is not a damn thing any of you can do about it other than to try and get as rich as possible before your daughters become "orgy meat" for the elite.
Probably more like 50 million in poverty if you count those that are living off their relatives and are too ashamed to tell anyone. This is VERY TRUE in the Indian, Chinese and other Asian communities in USA. Getting public assistance is often the LAST resort and not the FIRST.
And, unlike what USA media says, MANY ASIANS in USA are not doing well at all. Many have lost their jobs in IT and can't find other good work. Despite what is said about the "model minority" BS that Asians are supposed to be, truth-be-told they are suffering as well as the other Americanos.