All errors should be reported to DonSurber@gmail.com

Wednesday, September 12, 2018

Trump drops poverty rate to 11-year low

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.

###

Please enjoy my books in paperback and on Kindle.

Trump the Press covers the nomination.

Trump the Establishment covers the election.

Fake News Follies of 2017 covers his first year as president.

For autographed copies, write me at DonSurber@gmail.com

10 comments:

  1. Thanks Obama! I'm sure the orange one will find a way to screw it up.

    ReplyDelete
    Replies
    1. Like the Irishman hitting himself over the head with a hammer ... because it feels so GOOD when he actually stops ... the economy only perks up after Barry leaves.

      Delete
    2. You know why sportsmen whether in pool or baseball call the shot. Because they dont want to be known as flukes.
      Obama claimed that the economy would be stuck on 2nd gear for rest of eternity. Trump said "there would be so much winning"
      Any person with an ounce of intellectual honesty will give credit that is due to Trump rather Obama because Trump called it and owned his economy.

      Delete
    3. You mean like he has with, oh, unemployment?

      These morons keep confusing the God Emperor of the Cherry Blossom Throne with the Mocha Messiah.

      Delete
    4. so bush was to blame for most of Obama's term for the economic malaise, and Obama is now responsible for the uptick in the economy since last year. Got it!

      Delete
    5. With all that money you borrowed to get a degree in cherry pie making,you should shut up now,so you do not look any dumber than you already do.

      Delete
  2. Don't you just love the "magic wand"? The damn thing worked.

    Kate

    ReplyDelete
    Replies
    1. Yes, the "magic wand" certainly Trumped the "magic Negro," didn't it!

      Delete
  3. Obama changed how the "poverty rate" was calculated. He turned it into a measure of inequality (for it to hit 0, we would all have to have the exact same income) rather than a measure of actual income vs cost of living.

    Anyone know if Trump reverted to the prior calculation, or is he still using the bogus Cultural Marxist nonsense?

    ReplyDelete
  4. I have no doubt that one of the media genius's at CNN is working on a way to do just that with this report. At CNN Trump can do nothing right after all he is an idiot to them, and of course every moron in the liberal party could do better in their sleep.

    ReplyDelete