OUR FLOURISHING ECONOMY  1:03 pm September 13, 2011

New U.S. Achievement: More Americans In Poverty Than Ever!

by Ken Layne

We best socialist countries don't have stock 'comical sad clown' characters throughout their culture.If the sunshine seemed a little bit brighter this morning and the air a little bit sweeter, you were surely imagining it — Obama’s new smog allowances keep the skies permanently brown and sour, despite the collapse of American manufacturing. But America is on the rise in one exciting new respect: One of every six Americans is legally poor, and more Americans are officially in poverty than ever before! The Census Bureau just released its 2010 poverty data, which says 46.2 million Americans are The Poors — that’s an all-time record and a 17-year peak in percentage terms. The Census Bureau bases its poverty threshold on family size and number of kids, so it goes from a $10,956 annual income for a sad adult living alone to $21,756 a year for a now-mythical family of four with two children. So remember, when trying to put yourself “in poverty” because you make 20K a year giving handjobs behind Union Station, that you’re well above the poverty rate if you’re supporting only yourself with that free-lance consultancy income. But if you’ve got an unemployed “common law husband” and a couple of malnourished orc children hunting rats underneath the half-collapsed trailer you call home, then you are part of the hottest new demographic in this great nation.

Says the stock-market news site Marketwatch:

A record number of people were in poverty last year as households saw their income decrease, according to data released by the Census Bureau Tuesday demonstrating the weakness of the economy even after the recession ended.

The 46.2 million people in poverty in 2010 was the largest group for the 52 years that estimates have been published, and the number of people in poverty rose for the fourth consecutive year as the poverty rate climbed to 15.1% — the highest since 1993 — up from 14.3% in 2009.

Of course, one can argue that $913 a month is plenty for one person, especially when you add $150 a month in food stamps (not counted against the poverty threshold numbers) and especially if that person doesn’t own (or need) a car and car insurance and doesn’t require a couple a hundred a month for gasoline and $50 for a cell phone and $50 for cable and $300 a month for heating oil (or air conditioning) and can find a half-decent place with $375 monthly rent. This all theoretically possible, after all, especially if you lived in another country with affordable housing and public transportation.

But then you wouldn’t be in America, which would make you Un-American. So how can the CNN Republican Tea Party best solve these problems without inconveniencing giant energy corporations and cell phone contract providers? Perhaps last night’s popular GOP proposal to kill everyone without health insurance isn’t such a bad idea, after all. [Marketwatch/NYT]

 
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{ 143 comments }

nounverb911 September 13, 2011 at 1:04 pm

We're number 2! We're number 2! We're number 2!

elviouslyqueer September 13, 2011 at 1:06 pm

I saw what you did there.

MOG2410 September 13, 2011 at 2:37 pm

Caca!

nounverb911 September 13, 2011 at 1:05 pm

Better lower the taxes on the job creators. (Especially the ones that export those jobs to China).

mrpuma2u September 13, 2011 at 1:38 pm

EGG-zacklee. Tinkle down economics will work. The job creators will release a golden showering stream of jobs once they are no longer fettered by socialist taxes.

Negropolis September 14, 2011 at 1:46 am

What true, red-blooded, American patriot doesn't support the outsourcing of his or her job?

horsedreamer_1 September 14, 2011 at 9:45 am
metamarcisf September 13, 2011 at 1:05 pm

Sure. Poverty. As in microwave ovens, toilets, TVs, rocket launchers, polo ponies. Yeah, I got your poverty, America!

Buzz Feedback September 13, 2011 at 1:06 pm

Maximum Hobo Power.

TanzbodenKoenig September 13, 2011 at 1:40 pm

Form of: a shanty-town!

Barb September 13, 2011 at 1:08 pm

It would be nice if the poor were to get even half of the money that is spent in studying them.

bureaucrap September 13, 2011 at 1:44 pm

maybe, but then they'd have to lay off more college professors, statisticians, and pundits, and we couldn't have that, could we?

elviouslyqueer September 13, 2011 at 1:08 pm

The solution to this is obvious: more tax cuts to the top 1%!

freakishlywrong September 13, 2011 at 2:40 pm
elviouslyqueer September 13, 2011 at 2:55 pm

I'm not even surprised by this, only now they're hauling out the "this doesn't look bipartisan enough for us" gambit. What these motherfuckers really need is a nice, warm, H2SO4 shower.

Tommmcattt September 13, 2011 at 1:08 pm

This is sad. No snark here at all. Have you guys any idea exactly how shit poor you have to be to qualify as poor in this country officially?

Meanwhile, Paris Hilton replaces her chihuahua's testicles with Jadeite to match her earrings…

Barb September 13, 2011 at 1:16 pm

Damn anchor Mexican dogs are taking the dog jobs away from the American dogs.

AlterNewt September 13, 2011 at 5:35 pm

..or as. M.Bachmann would say, "Jehovah dogs".

Lascauxcaveman September 13, 2011 at 1:22 pm

So, we're doing OK in bread and circuses, still.

V572 T-Blow September 13, 2011 at 1:25 pm

Are you ready for some football?

Okay, how about some extreme curling* from Winnipeg?
________________________
*Curling looks like a janitorial competition because it is a janitorial competition. That's why they dress that way.

Lascauxcaveman September 13, 2011 at 1:49 pm

I love curling. Especially that one chick who screams at the rock everytime she throws it. Our Canadian readers will know who I'm talking aboot.

V572 T-Blow September 13, 2011 at 2:04 pm

It almost makes baseball seem intuitive. But you gotta admit the uniforms need more pizazz. Maybe when Fox Sports picks it up they’ll dress more like robots.

Wonderthing September 13, 2011 at 1:09 pm

Building the revolution one malnourished, educationally and emotionally stunted child at a time.

Negropolis September 14, 2011 at 1:48 am

The revolution will be YouTubed!

Schmannnity September 13, 2011 at 1:10 pm

Hey, the glass is 5/6ths full.

Pristine_ODummy September 14, 2011 at 12:48 am

I thought it was 3/5, by law.

Mort_Sinclair September 13, 2011 at 1:11 pm

Single straight female hobo seeking single straight male hobo to share companionship, long walks on the beach, a can of beans, and a refrigerator box.

Negropolis September 14, 2011 at 1:50 am

Golddigger! Refrigerator box?! I'd settle for a flat-screen television box.

gullywompr September 13, 2011 at 1:13 pm

9/11 changed everything.

GunToting[Redacted] September 13, 2011 at 1:13 pm

Well, just think of the stirring round of applause each of the poors will get when they expire from some disease.

Pristine_ODummy September 14, 2011 at 1:06 am

If we could just turn this into a TV show …

donner_froh September 13, 2011 at 1:15 pm

Perhaps last night’s popular GOP proposal to kill everyone without health insurance isn’t such a bad idea, after all.

It might work. They could first be made to wear distinctive arm bands, then get assaulted in the street and fired from their jobs or their business ruined/confiscated and then we could go on to the final solution.

KotBR September 13, 2011 at 4:11 pm

That whole thing sounds vaguely familiar. Where have I heard that before?

Pristine_ODummy September 14, 2011 at 1:07 am

I like that phrase, The Final Solution, but something tells me it won't sit well with the Oldz. At least, not those who still have working brains.

Schmannnity September 13, 2011 at 1:15 pm

Time to sneak into Mexico for jobs.

Crank_Tango September 13, 2011 at 1:17 pm

I have been practicing my "chicle! senor!" routine for a while now.

mrpuma2u September 13, 2011 at 1:42 pm

Si se puede!

Mumbletypeg September 13, 2011 at 1:16 pm

I haz a sad for Baconzgood, since he will find this difficult to "masterbate" to~

Crank_Tango September 13, 2011 at 1:16 pm

Yeah but if the poor had any money, they would just spend it on stuff, and that would be, um, bad for the economy?

LettucePrey September 13, 2011 at 1:16 pm

Resume pro-tip: spell your current occupation "Haux-beau." It's classier that way.

genxr September 13, 2011 at 1:19 pm

Job duties: "bean counter"

OneYieldRegular September 13, 2011 at 1:36 pm

"Expert-Comptable des Haricots."

Crank_Tango September 13, 2011 at 1:35 pm

SDF is a pretty nice french term (sans domicile fixe), if you were looking for something that sounds professional, yet means homeless.

EatsBabyDingos September 13, 2011 at 1:39 pm

John Boner probably douches his hands every day because he is not careful with the weasel nozzle.

hagajim September 13, 2011 at 2:11 pm

I thought you put self-employed.

Negropolis September 14, 2011 at 1:52 am

Nice!

ManchuCandidate September 13, 2011 at 1:17 pm

The Sun Will Come out Tomorrow.
Bet your last Amero that tomorrow will be… meh.
The Rich will Come out tomorrow
They'll laugh and say "Thank god I'm not you" and run away

Tomorrow!
Tomorrow!
It's just a tax cut away!!!!

smitallica September 13, 2011 at 1:17 pm

Trickle down must work really, really slowly.

littlebigdaddy September 13, 2011 at 1:20 pm

Yeah, we need the political equivalent of Flomax (without the psychotropic side-effects, hopefully).

Pristine_ODummy September 14, 2011 at 1:09 am

Oh geezus, is that why the Oldz driving cars are so dangerous?

horsedreamer_1 September 14, 2011 at 9:51 am

Gatorade might work just as well, for the dehydration. Cheaper, & tastier, too.

Toomush_Infer September 13, 2011 at 2:03 pm

One little teadrop at a time…

littlebigdaddy September 13, 2011 at 1:17 pm

Yeah, but if they have color tvs, then they can't be poors! QED!

Chichikovovich September 13, 2011 at 3:53 pm

The holdover-from-the-60s reference to "color TV" always gets me. Whenever I hear it (too often) I say "do you have any idea how expensive it would be to find and restore a black and white TV?"

OK monitor – delete away!

charlesdegoal September 13, 2011 at 1:18 pm

Killing some of the poor might reduce their numbers as well as create a few jobs (poor killers, grave diggers, etc.) so it isn't all that bad. I'd still opt for killing a fair number of rich people and redistributing heir wealth.

RedneckMuslin September 13, 2011 at 1:41 pm

But less people you can reduce taxes on so its a wash.

baconzgood September 13, 2011 at 1:18 pm

"It's the end of the world as we know it
and I feel…cold, hungry, destitute."

-REM-

Come here a minute September 13, 2011 at 1:20 pm

And still the poverty rate is miniscule when compared to the Republican moral bankruptcy rate.

donner_froh September 13, 2011 at 1:20 pm

Even with affordable housing, decent public transportation and government sponsored health insurance it might be tough to live in a foreign country on ten grand a year.

But it would be possible, which it isn't in Amerikkka.

baconzgood September 13, 2011 at 1:21 pm

NEEDS MOAR TAX CUTS FOR GE!!!!!!

Ducksworthy September 13, 2011 at 1:23 pm

Why is social mobility so much better in the socialmalist countries? Oh yeah. Education. We hate education in this country and with good reason. Look what happened in the 60's and 70's when all those students ran wild with to $120,000 student debts to look forward to.

OneDollarJuana September 13, 2011 at 1:26 pm

Don't forget that they have policies that push money down, not force it up. And they have universal health care.

Sharkey September 13, 2011 at 1:26 pm

Make good money $5 a day
Made anymore I might move away…

Barrelhse September 13, 2011 at 2:42 pm

Now I gotta play Europe 72.

Schmannnity September 13, 2011 at 1:28 pm

If I may quote Ron Paul, "this is what freedom is all about." These poor people obviously chose poverty. Who can explain it?

johnnyzhivago September 13, 2011 at 1:28 pm

You can't be poor and have a refrigerator! Haven't these people heard of take-out????

V572 T-Blow September 13, 2011 at 1:29 pm

The French call our system (together with the Brits' and I guess the Aussies') "Anglo-Saxon capitalism." Not sure why it has to be more heartless than its continental counterparts, but it sure as hell is.

This should put a stop to any idle chatter about "raising the minimum wage" or "extending unemployment benefits." Supply and demand, bitches!

MrFizzy September 13, 2011 at 1:31 pm

At least basketball players and "defense" executives are doing alright.

CrunchyKnee September 13, 2011 at 1:35 pm

We're #1 (at sucking)!

johnnyzhivago September 13, 2011 at 1:35 pm

We should start teaching poor kids Indian and Russian. Then in 10 years we'll be able to open Indian call centers here!

Trannysurprise September 13, 2011 at 1:35 pm

The Poors get what they keep voting for. So everybody send your hobo beans to the South, in Tiffany wrapped boxes.

EatsBabyDingos September 13, 2011 at 1:36 pm

Today we all sit on the bottom floor seat of a two story outhouse. Trickle down, indeed.

johnnyzhivago September 13, 2011 at 1:37 pm

Well folks, I happen to like trains, so the hobo thing is kind of appealing….

freakishlywrong September 13, 2011 at 2:28 pm

Republicans defunded trains.

SorosBot September 13, 2011 at 1:38 pm

I can't see how a single person could live on just $20K a year, much less a family; and hell $913 a month is only slightly higher than my rent, and I don't exactly live in a palace. Having to get by on that tiny amount of money has got to be excruciating.

Maman September 13, 2011 at 1:41 pm

At our house we are working up a business plan for an operation that we like to call, "The Last Cruise". The olds, infirms and lucky poor (who stay below the Lido Deck) cruise the Caribbean being treated like kings… and then at any time they can take their capsules and check out. Burial at sea is included with the price?

Investors? Anybody?

DaRooster September 13, 2011 at 1:42 pm

"Mommy, look at the sharks."
"See if you can pet one Timmy."
*gulp*
"Honey, we get to split an extra bowl of beans tonight!"

RedneckMuslin September 13, 2011 at 1:44 pm

Republican win! Isn't this the shining city upon the hill St Reagan bonered for? Looking down upon the poor?

JackDempsey1 September 13, 2011 at 1:45 pm

That fella in the picture is the poster boy for covetousness.
Isn't there a spotlight beam somewhere that needs sweeping right about now?

EatsBabyDingos September 13, 2011 at 1:46 pm

Darfur the poor.

chascates September 13, 2011 at 1:46 pm

The local talk radio (I was riding with a teatard) nut made the point that Warren Buffet's secretary was eligible for the same 15% capital gains tax that Buffet was, proving his thesis the wealthy should pay more was specious. That same teatard driver told me people on SSDI are loafers who don't deserve it.

Drudge highlights the poverty news with a big photo of Obama serving at a soup kitchen yesterday with other hedes intimating that loss of insurance for people is his fault as well.

Who needs foreign terrorists?

freakishlywrong September 13, 2011 at 2:30 pm

You pushed the teatard out of the car, right? Right?

EatsBabyDingos September 13, 2011 at 1:46 pm

Let them drink Koch.

ragnarok4msm September 13, 2011 at 1:48 pm

"Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. 'Since you are all such good customers, he said, 'I'm going to reduce the cost of your daily beer by $20. Drinks for the ten now cost just $80.

The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men – the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:

The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33%savings).
The seventh now paid $5 instead of $7 (28%savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% saving s).

Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings. 'I only got a dollar out of the $20', declared the sixth man. He pointed to the tenth man,' but he got $10!' 'Yeah, that’s right, exclaimed the fifth man. 'I only saved a dollar, too. It's unfair that he got ten times more than I!' 'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!' 'Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor!' The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier."

David R. Kamerschen, Ph.D.
Professor of Economics, University of Georgia
For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible

SorosBot September 13, 2011 at 2:06 pm

Wah wah wah I don't wanna pay taxes! Wah wah wah I'm a libertarian and I'm gonna try to sound all smart even though I know absolutlely nothing about economics and believe in an intellectually and morally bankrupt pseudeo-philosophy that justifies sociopatihic behavior!! Wah wah wah I'm whiny-ass little baby!!!

Fucktard, you are a giant moron who is completely full of shit and wants to make the wold a worse place. Please either learn how the real world works or eat shit, fuck off and die, you vile piece of shit.

Toomush_Infer September 13, 2011 at 2:09 pm

Did you get that degree by yourself, or did someone help to pay for the cracker jack university you attended on the way to shitheelism. The solipsistic analysis you've engaged in here is beyond pathetic. There is no bartender. The tenth man has always gotten to decide the price of drinks…

zhubajie September 13, 2011 at 6:38 pm

Bought it from a matchbook cover.

genxr September 13, 2011 at 2:09 pm

Obviously you do not understand, and explaining to you is impossible.

Please take your money to a country with a 0% tax rate, and good luck protecting your life.

CapnFatback September 13, 2011 at 2:11 pm

Ooh, I know! The moral of the story is after beating up the tenth man, make certain to take all of his money!

PhilippePetain September 13, 2011 at 2:12 pm

Except in this bar, when the beers cost more and the tenth guy who is always there and has never left the bar ever in his entire life, pays more, everyone continues to drink when they need to have one because the wife is being a bitch and the job is shitty and laid him off but hey, he'll find another one in a few months, while the tenth guy complains that he might leave, even though he's doing fine and everyone else is doing better, and the bar has never done better business, and everything has been stable and there are actually more customers coming in, not leaving because the whole town is full of relatively well to do patrons that bring in money and the motherfucker running the bar is doing so well that he actually grows his business and opens up a chicken shack across the street and everything works out pretty well.

PhilippePetain September 13, 2011 at 2:16 pm

Oh also, why don't people check snopes? or even Google homeboy's name and get the first result, where he denies having authored this homily?
http://davidk.myweb.uga.edu/

mrpuma2u September 13, 2011 at 2:52 pm

Excellent detective work monsieur.

zhubajie September 13, 2011 at 6:42 pm

No opinion on it's merits? Can't judge it to be Libertarian crap?

SorosBot September 13, 2011 at 2:20 pm

By the way, how would "they might start drinking overseas where the atmosphere is somewhat friendlier" when America has the lowest taxes on the rich of any developed country? Not to mention that your analogy is completely dishonest; it only looks at federal income tax rates.

Everybody pays taxes; the "40% of Americans pay no taxes" is a vicious zombie lie that right-wing scumbags keep repeating. It completely ignores the regressive sales taxes and payroll taxes that all people pay. The analogy also ignores the fact that most of the wealthy do not make most of their money from investments, not income, and disgustingly in this country we tax capital gains a lower rate than actual earned income, at most 15%; just as even more disgustingly we tax inheritances at special, lower rate than real income.

The rich don't come close to paying their fair share in this country today; but no, we've got the dipshit GOP in charge who won't think of making them pay just a little bit more but instead want to cut services and steal from the poor to give to the rich. They are evil sociopathic cocksucking motherfuckers.

Barrelhse September 13, 2011 at 2:20 pm

How simplistic and smug, and divorced from reality.

SorosBot September 13, 2011 at 2:27 pm

"Simplistic, smug and divorced from reality" is a great description of the members of the Objectivist cult if you want to avoid expletives.

spinozasgod September 13, 2011 at 2:31 pm

I would say this is a straw-man arguement, but that would be too generous. This "metaphore" has nothing to do with how the tax system works, or how government works, or even how a bar works…..

mrpuma2u September 13, 2011 at 2:50 pm

So ragging on socialism or whatever your name is, it sounds like you need to move to a no tax, no big government country with no one mucking up your being rich.

Have I got a country for you! SOMALIA! It is a no tax paradise, where you can own a tank or a rocket launcher or bazooka (you will need all three most likely) and just make money to your hearts content!!!! Now mind you there is no socialist interstate system to move your goods to market, or socialist FBI to investigate those that steal from you, or socialist fire department to put out fires in your business warehouse or giant mansion home, but that won't stop a visionary like you! No sir. I wish you the very best of luck, don't let the door hit you on the ass.

zhubajie September 13, 2011 at 6:44 pm

"It is, it is a marvellous thing to be a pirate king," but this author would be lucky to be captain of the head and not end up giving head to the crew!

Geminisunmars September 13, 2011 at 2:55 pm

So move, already.

genxr September 13, 2011 at 3:38 pm

Sealandia awaits!

fuflans September 13, 2011 at 5:07 pm

tl/dr so i guess i don't really understand.

but at least i'm funny!

genxr September 13, 2011 at 5:21 pm

It's simple, really. If I make $100k and pay $30k in taxes, then someone making $20k should also pay $30k in taxes.

zhubajie September 13, 2011 at 6:37 pm

They pay more almost everywhere.

crybabyboehner September 14, 2011 at 3:37 am

University of Georgia – no explanation necessary.

grandinquisitor September 13, 2011 at 1:56 pm

America, fuck NO!

Mumbletypeg September 13, 2011 at 1:57 pm

Today we are all Tom Joad, Sam Stone, or Orphan Ann. She was Annie but like the others could no longer afford a second syllable to her name.

PhilippePetain September 13, 2011 at 2:07 pm

How do Republicans gel their beliefs in American exceptionalism and growing poverty?

genxr September 13, 2011 at 2:10 pm

There's "Real Americans" and then there's lazy shiftless poors who are getting a free ride from the productive class.

Sue4466 September 13, 2011 at 2:12 pm

Like Michele "farm subsidies and Medicare $$" Bachmann? which is she again?

spinozasgod September 13, 2011 at 2:25 pm

read above: ragnorok4msm…..they are full of simple minded crap.

PhilippePetain September 13, 2011 at 2:43 pm

Yeah, I just like asking these questions to pretend that 40% of the country aren't simpletons. The truth hurts too much sometimes.

freakishlywrong September 13, 2011 at 2:31 pm

No need. The media will affirm the narrative for them.

Sue4466 September 13, 2011 at 2:11 pm

But Fox told me people aren't poor poor so long as they have indoor plumbing, refrigerators, and a phone.

mrpuma2u September 13, 2011 at 4:03 pm

and a flat screen TV with no off switch, that only gets FOX news and the home shopping network.

hagajim September 13, 2011 at 2:12 pm

Fucking poors…they're a drag on society!

badseeds September 13, 2011 at 2:15 pm

Efficiency and progress is ours once more.

PhilippePetain September 13, 2011 at 2:44 pm

That "convince the liberals it's okay" line isn't far from the truth these days, it seems…

Barrelhse September 13, 2011 at 2:16 pm

This is GREAT news for rabble-rousers.

Slim_Pickins September 13, 2011 at 2:22 pm

Huzzah!!! And here, all this time, I thought that freshman congressmen were the poors. Why else would they have to live in their offices until the PAC money starts to roll in?

genxr September 13, 2011 at 2:25 pm

Thank goodness we put a stop to the wealth redistribution. Now all the wealth can stay right where it is.

owhatever September 13, 2011 at 2:34 pm

Obviously, the Bush tax cuts on the job creators work well. Let's continue doing it.

BZ1 September 13, 2011 at 2:43 pm

but do they pay any taxes? they should pay at least something… according to every GOP prez hopeful…

BarackMyWorld September 13, 2011 at 4:12 pm

That argument of theirs has been countered three different ways and they still keep making it:
-poor people do pay taxes in the form of EVERY OTHER tax besides federal income;
-increasing taxes on the bottom 50% would get you very much money since they only make 2% of the wealth;
-decreasing the purchasing power of the bottom 50% of the population would KILL demand for products and basic services and send the economy into even worse shape.

genxr September 13, 2011 at 5:23 pm

Republicans want to ONLY tax the poor, and only tax money that is earned through hard work. Money that makes itself – investment income – should be tax free.

KommunistKitty September 13, 2011 at 5:07 pm

It is just adorable the way that Marketwatch tells its readers that these new statistics demonstrate "the weakness of the economy", as opposed to the weakness of neoliberal policies. They are such sly little cuties!

fuflans September 13, 2011 at 5:07 pm

i would take a clown job if i could get one.

JackObin September 13, 2011 at 5:18 pm

On a positive note, Yiddish turd Lloyd Blankfein made 140 million dollars last year. That's alot of prayer shawls.

Comrade Wingtard September 13, 2011 at 8:41 pm

Uh, how can someone even have a roof over their head on $11K / year? Is that even possible? Hell I would call $30K / year poverty for a single adult, unless you live in an inherited house, have fifteen roomates or are on assistance of some kind or something.

Jukesgrrl September 13, 2011 at 9:55 pm

You're welcome! I'm honored to have helped our country achieve this fine statistic.

Attila_T_Hun September 13, 2011 at 10:15 pm

I hereby propose that every elected official be replaced by three people who are homeless or jobless or both. They could share the salary and the bribes.

ttommyunger September 13, 2011 at 11:08 pm

But look at what we've done for Afghanistan and Iraq! No, wait!

Barrelhse September 13, 2011 at 11:32 pm

If they would simply change the threshold to $100 per year we could eliminate poverty altogether.

Negropolis September 14, 2011 at 12:52 am

Yeah, Obama's brown skies created all of the new poors, because Obama is morally weak.

Kiss my black ass. But, only one irrelevant pot-shot of Obama this time. Improvement!

Pristine_ODummy September 14, 2011 at 1:02 am

Frank already said it first.

pdiddycornchips September 13, 2011 at 1:25 pm

The answer is obvious. We have to lower the minimum wage to 10 cents a day and get rid of all those pesky regs. We'll be knee deep in industrial waste and flush with jobs in no time.

Not_So_Much September 13, 2011 at 1:35 pm

Makes the next generation easier to keep in their place. Give them access to Brawndo and Soylent Green, then shut the fuck up and vote Republican if you don't want the price on either to go up.

friendlyskies September 14, 2011 at 4:49 pm

What, you think Delta and Epsilon workers are just going to socially engineer themselves?Pffffft

Lascauxcaveman September 13, 2011 at 2:30 pm

Maybe for the guys? But most of those lady curlers are pretty fit and would look good in a skin-tight body suit. Something along the lines of a Star Trek uniform? Just thinking aloud here; bikinis probably wouldn't work in an ice arena.

MOG2410 September 13, 2011 at 2:39 pm

We can make the soylent green from those dead uninsured people!

Tommmcattt September 13, 2011 at 2:41 pm

Straight guys: any excuse to think about boobs.

Lascauxcaveman September 13, 2011 at 3:21 pm

I've never known a single sporting event to be spoiled by the inclusion of nicely formed and properly displayed rackage. This is just Sports Marketing 101, my friend.

Or maybe just Marketing 101, now that I think of it.

Tommmcattt September 13, 2011 at 3:47 pm

Sports marketing, let's face it, is an excuse to think about boobs.

It's a regressive loop with you guys…

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