The economic situation is not getting better no matter what you are told. Given the election silly season we are in, you are likely to hear outrageous claims made by both parties.
Unfortunately, we do not have these politicians and politician-wanna-bes hooked up to lie detectors whenever they appear in public. Perhaps that is not such a good idea either because I believe you have to know you are lying in order for the device to work. Some of these people have been at it so long, they actually believe what they are saying. Others believe it because they have no understanding of economics or the way the world works.
Here are some of the facts from My Budget 360:
The supposed recovery is nowhere to be found. 1 out of 7 Americans falls under the poverty line. This is also reflected in the fact that over 41 million American families are now receiving food assistance, an all time record high. The 43.6 million data point is hard to comprehend especially in the wealthiest country on the planet. Yet many more working class Americans are flying off the middle class treadmill and finding that the economy is very unforgiving for those without Wall Street or D.C. connections. The focus over the last three years has been to give money to banks to lie about their assets on balance sheets and also prop up failing companies who are still failing but allowed management to enrich their small circle of friends. The unfortunate among us don’t have lobbying dollars or typically a voice yet their numbers are growing.
According to their article, poverty rates have grown exponentially. The average American has been getting poorer since 1990.
