As the American people face yet another massive entitlement with Obamacare being enacted today with official sign-ups, it’s interesting to see the president’s track record of “healing the economy in his tenure.
The United States Census Bureau recently reported that under the Obama administration, median income for an average American household income has declined $2,627 in the president’s first term.
- The number of people in poverty rose by about 6,667,000.
- Approximately 46,496,000 Americans are now in poverty. That is the largest number in the nation’s history a 16.73 percent increase from 2008 when Obama took office.
- Fifteen percent of all Americans live in poverty - up from 13.2 percent in 2008. The number remains about the same before trillions of taxpayer dollars were spent beginning with LBJ’s much vaulted (by liberals) “War on Poverty.”
- African-Americans and Hispanics are disproportionate to the rest of the population in the poverty category. Twenty-seven percent of African-Americans and 25.6 percent of Hispanics live in poverty while non-Hispanic white is 9.7 percent.
- One-fifth of Americans under the age of 18 (21.8 percent) live in poverty while 9.1 percent of those over 65 do.
- Last year, median household income stood at $51,017, a 4.89 percent drop from 2008. Median income dropped every year during Obama's first term.
It is important to note that the income and poverty estimates in the census report were based on income before taxes and did not include the value of noncash benefits, such as the Supplemental Nutrition Assistance Program, Medicare, Medicaid, public housing or employer-provided fringe benefits.
The big questions the American people should ask on the first day of Obamcare is these:
- How many of those people will ever actually sign up with Obamacare? If the census report is as accurate as most politicians agree it is, why aren’t these poverty-strickened Americans alone being targeted and the rest of the country being left alone?
- Those questions will be answered in rude fashion as this unnecessary overstep by the U.S. government and the Obama administration guarantees the biggest quagmire in American bureaucracy history.
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