And there is no hope in site. Not as long as we produce nothing and continue to import everything. This President means well but doesn't seem to have any economic program for increasing employment. Rather than bailing out Wall St. and auto industry with hundreds of billions in money we do not have, he - and the Congress - should have set out to create a public works program. Especially since the infrastructure in America is crumbling. It was government created jobs that got us out of the Great Depression. A fully employed populous, working under decent wages, will create demand which makes the the economy grow. And a growing economy is that prosperous, not poor:
The poverty rate in the United States hit 13.2 percent last year, according to a study released Thursday - up from 12.5 percent the previous year.
That's an 11-year high, and it means that nearly 40 million Americans were living below the poverty line, the equivalent of a family of four living on about $22,000 or less a year. CBS News correspondent Randall Pinkston has more on the stark reality behind the numbers.
[...]The new poverty numbers don't reflect the downturn of 2009, when unemployment has reached almost 10 percent. That means there's worse news to come.
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