In 2000 (Bill Clinton Administration): Living in poverty - 31.6 million (11%) In 2004 (Bush Jr, Administration): Living in poverty - 36.6 million (12.9%) In 2008 (Bush Administration): Living in poverty - 38.9 million (12.7%) In 2012 (Obama Administration): Living in poverty - 46.4 million (14.7%) In 2014 (Obama Administration): Living in poverty - 43.8 million (13.6%) Discuss....
Everything was great during the Clinton admin. Bush kept things in relative check till the big financial disaster, but suffered initially from the dot com bubble. Obama deals with disaster Obama reduces the overall poverty level during his second term as part of the recovery. Seems to follow what I would expect, given the state of our country.
2008 was pretty much during the tank. These type of numbers take a few years to react fully the economy though.
I believe the second economy tank happened on Bush's second term in 2008. When the financial bailout started
Everything really wasn't great in the later part of the Clinton Administration. The dot.com burst happened his last term. I will admit that our country was doing well for most Clinton's term though.
"Great" as in economically. He was president of a boom economy which was more part of the cycle than it was his doing. Not sure you can pin the dot.com bust on him though, that was a bit before my time, but I believe it had to do more with over speculation in an unproven and newly exciting medium.
The economy only was good in Clinton's term because interest rates were low so investments in business were little to no risk. once interest rates went up, the economy tanked. That's why people made stupid fucking companies in the dot bomb era, low risk and they were just handing money to everyone. once interest rates went up, investments screeched to a grinding halt. I believe Obama has had the interest rates low basically his whole presidency to "stablize" the economy. Add the creation of $4 trillion dollars out of thin air in the form of QE, shit is gonna get mad real.
This shit is beginning to sound like a broken record. I wish I could invest and speculate with no risk.
never said that Clinton was responsible for the dot.com burst. Just making sure you were aware that the economy took a shit in his last term because of the dot.com burst
I'm not a huge fan of QE but I think its less destructive than the home loan deregulation, student loan system, health care insurance, prison industrial complex, military industrial complex and bank bailouts. All of those are the reason we needed QE.
Student loan and health care are currently following the same pattern. If El Prez's assessment of the dot.com is right then its the same blueprint also.
I'm too lazy to look and too stupid to know, but has the poverty level dollar amount changed in that time?
The dollar was very "devalued" during the Clinton administration. For the first term and a half with Bush, the dollar slowly rose (taking a big bump in 2008), then rose again. First term of Obama, the dollar was becoming very strong. Now the dollar is pretty strong around the world, which is weird because Democrats usually like to devalue the currency to promote exportation.
You can look it up here. https://www.census.gov/hhes/www/poverty/data/threshld/ The threshold has changed every year it looks like. For one person 2014 $12,316 2012 $11,720 2008 $10,991 2004 $9,646 2000 $8,794 Minimum wage 2014 $7.25 hr 2010 $7.25 hr 2008 $6.55 hr 2004 $5.15 hr 2000 $5.15 hr Cumulative inflation 2015 was 10.12% more expensive than 2010 2009 was 28.31% more expensive than 2000 so 2015 is 38.43% more expensieve than 2000
Really? 31.6 million (11% of all Real Americans) would beg to differ. (Bill Clinton Administration): Living in poverty - 31.6 million (11%) Richest country on Earth should not have any trace of poverty at all. Poverty as defined here is not a fun existence.
The OP is horribly skewed and doesn't give all the information. It implies that poverty is a direct result of who's President. It leaves out many factors that create actual poverty. The president is not a king and needs congress to pass law. Republicans? Where are the jobs bills?
