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Trump drops poverty rate to 11-year low
blog ^ | Sep 12, 2018 | Don Surber

Posted on 09/12/2018 7:53:33 PM PDT by upchuck

President Trump hates the poor so much that he is getting rid of them by giving them jobs and getting them off the public dole.

That is how CNN should spin this report if the never-right Chris Cillizza had his say.

Reuters reported, "The median U.S. household income rose for a third straight year in 2017 and the poverty rate declined further, government data showed on Wednesday."

I did a little digging. The last time poverty was this low was 2006. Before that, 2003. Clinton actually got it down to 11.3% in his final year in office.

Median income is at an all-time high of $61,372 per year. That's roughly $30 an hour.

“The median income is statistically tied to the pre-recession estimate for 2007 and 1999, the year with the highest estimated median household income,” Trudi Renwick, an assistant division chief at the Census Bureau, told Reuters.

People who were without health insurance at any time in 2017 stood at 8.8%, the same as the 2016 rate. This is reported as people without health insurance, but the actual question includes those who are insured but were uninsured sometime in the previous 12 months.

This reflects an unemployment rate which has dropped by about one point to a 49-year low of 3.9%, a number also achieved in 2000.

It may drop further.

CNBC reported just yesterday, "Job openings hit a record in July, closing in on 7 million amid a jump in vacancies for finance and manufacturing, the Labor Department reported Tuesday.

"Vacancies outnumbered those classified as unemployed by 659,000 for the month, an unprecedented trend that began earlier this year. Openings rose by 117,000 from June, to 6.94 million, and are up 737,000 over the past year, a nearly 12 percent increase, the department said in its monthly Job Openings and Labor Turnover Survey.

"The quits rate, an indicator of worker confidence as it measures those who left their positions voluntarily, also hit a record of 3.6 million, a gain of 106,000, according to Bureau of Labor Statistics records that go back to December 2000. The quits rate of 2.4 percent is the highest recorded since April 2001 and was up one-tenth of a percentage point from a month ago."

Prosperity grows. Poverty pimps hardest hit.


TOPICS: Business/Economy; Government; Politics
KEYWORDS:
Gotta love that first sentence.

Before we all start jumping up and down with joy we need to remember that without nobama to start this we would still be wandering in the wilderness :)

1 posted on 09/12/2018 7:53:33 PM PDT by upchuck
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To: upchuck

The more working people are invested in the country the better. May the Lord God continue to guide Pres Trump. May Pres Trump continue in his walk with Jesus. Amen.


2 posted on 09/12/2018 7:55:00 PM PDT by Notthereyet (Notthereyet)
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To: upchuck

The media would have us believe that the Dems enjoy a 14% lead in the election. Because everyone wants poverty to make a comeback. Or something.


3 posted on 09/12/2018 7:56:46 PM PDT by relictele
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To: upchuck

Obama’s policies are finally working!


4 posted on 09/12/2018 7:57:26 PM PDT by E. Pluribus Unum (Everything reditributionists/socialists/communists wish to "redistribute" is produced by capitalism.)
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To: E. Pluribus Unum

LOL.

To listen to Obama and his apologists, you have to believe that Obama presided over years of economic stagnation, but that he planted the seeds of economic development which are bearing fruit after he left office.


5 posted on 09/12/2018 8:02:07 PM PDT by Dilbert San Diego
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To: relictele

What?? Where do they have a 14% lad?

All I know is the entire internet is throwing conservative and libertarian voices off, and cutting off our communication.
The only voices are the neutered republicans and left wingers.

Add that to the fact Soros is spending millions funding these socialists who are winning primaries, and illegals voting.

We’re going to have to really get out the vote bigger than ever in November.

It doesn’t seem the Trump voters are connecting the political dots to the R candidates.


6 posted on 09/12/2018 8:08:39 PM PDT by snarkytart
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To: relictele

*lead not lad


7 posted on 09/12/2018 8:09:01 PM PDT by snarkytart
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To: upchuck
Prosperity grows. Poverty pimps hardest hit.

LOL Great line...

8 posted on 09/12/2018 8:10:55 PM PDT by GOPJ (Deep State power peaked during the McCain funeral - it's down from here on out.)
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To: snarkytart

“It doesn’t seem the Trump voters are connecting the political dots to the R candidates.”

Wellll that’s kind of hard to do when so many R candidates are democRat @ss-kissers.


9 posted on 09/12/2018 8:14:47 PM PDT by bluejean (I'm becoming a cranky old person. It really annoys me.)
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To: Dilbert San Diego

Deja Vu. I come from New England and most of my family is very liberal (I escaped to the former Confederacy). I remember a trip to North Carolina in the mid 80s to visit my cousin, a former Green Beret in Vietnam and an elected rep in that state. My sister told my cousin that Reagan’s success is only because of the groundwork laid by that economic genius Jimmy Carter.
I don’t remember the exact conversation (I was about 12), but I remember my cousin Jack tearing her apart with logic. Even then I knew it was beautiful....lol


10 posted on 09/12/2018 8:28:21 PM PDT by When do we get liberated? (A socialist is a communist who realizes he must suckle the breast of Capitalism.)
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To: upchuck

GOP-e political election consultants and pundits hardest hit!


11 posted on 09/12/2018 9:07:52 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: upchuck

THis was brought to you by the power of MAGA!


12 posted on 09/12/2018 11:28:18 PM PDT by knighthawk (We will always remember We will always be proud We will always be prepared so we may always be free)
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To: upchuck

Reality, there is very, very little true poverty in the US. Rings on every finger, a big screen tv in the living room and an Escalade in the driveway is NOT poverty.


13 posted on 09/13/2018 2:36:22 AM PDT by bgill (CDC site, "We don't know how people are infected with Ebola.")
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