Poor still suffering from last recession

[Lone_Star_Dem]

PHILADELPHIA (Reuters) - Many of the poorest people in the United States are still struggling to recover from the effects of a recession that ended six years ago, making them very vulnerable as the country stands on the brink of a new downturn.

In 2006, the latest year for which Census Bureau figures are available, 12.3 percent of Americans were living in poverty, compared with 11.7 percent in 2001, the year of the last recession.

"It's unusual in an economic recovery that ... we still have poverty higher than it was in the recession that preceded it," said Sharon Parrott, a policy analyst for the Center on Budget and Policy Priorities, a liberal think tank in Washington.

This shows the poor have largely missed out on the gains made when the economy was expanding, Parrott said. The recent expansion was "much stronger for the people at the top than for people at the bottom."

Read more here: http://www.reuters.com/article/domesticNews/idUSN2241431020080123?feedType=RSS&feedName=domesticNews&sp=true

[fasttense]

1. Don't they know this was a jobless recovery???

That's what all the "free traders" were calling the supposed recovery. I don't know how you can have a recovery if you don't have any jobs?

[Breeze54]

2. Does it matter

to them? Since when do those pigs care about the poor?

[Lone_Star_Dem]

3. It was just like the other "gains" claimed by the bush administration

Smoke, mirrors and flat out lies.

[knitter4democracy]

4. Doesn't that really mean the recession never ended?

I'm just sayin', it sure seems to me that, if many people are still in a recession, there's still a recession.