In other words, Republican trickle down economics were a complete failure that have set the country back decades. Oh those memories of the nice guy Reagan labeling ketchup as a vegetable so that the rich could become super rich. There has been a cost to the economics of appealing to greed yet Democrats hardly appear to be much more in tune with this problem than Democrats. A few might talk but the lack of action is obvious.
While Obama has not made any changes to help address the problem (other than continuing the bankers bonuses, which reinforced Reaganomics) can you really call this "another blow to Obama" as the AP article suggests? If anything, this is a blow to the economic policies of the last three decades.
The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.
Census figures for 2009 — the recession-ravaged first year of the Democrat's presidency — are to be released in the coming week, and demographers expect grim findings.
It's unfortunate timing for Obama and his party just seven weeks before important elections when control of Congress is at stake. The anticipated poverty rate increase — from 13.2 percent to about 15 percent — would be another blow to Democrats struggling to persuade voters to keep them in power.
