SOARING POVERTY
IN AMERICA – OBAMANOMICS AT WORK:
THE DEATH OF THE AMERICAN MIDDLE CLASS
OBAMA’S WALL STREET DRIVE CRONY CAPITALISM
The Great
Recession should have put the victim-blaming theory of poverty to rest. In the
space of only a few months, millions of people entered the ranks of the
officially poor—not only laid-off blue-collar workers, but also downsized tech
workers, managers, lawyers, and other once-comfortable professionals. No one could
accuse these “nouveau poor” Americans of having made bad choices or bad
lifestyle decisions. They were educated, hardworking, and ambitious, and now
they were also poor—applying for food stamps, showing up in shelters, lining up
for entry-level jobs in retail. This would have been the moment for the pundits
to finally admit the truth: Poverty is not a character failing or a lack of
motivation. Poverty is a shortage of money.
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