Nearly 2.6 million Americans have joined the ranks of living below the U.S. poverty line since 2009. Forty six million Americans are now living below the poverty line that is steadily creeping upward. Downward social mobility is becoming a structural feature of a misguided U.S. economic transformation under too comfortable political and economic leadership.
Market economics occassionally require reform. Many of the present crop of Republican Presidential candidates offer the same sort of political logic that President Herbert Hoover set forth in his 1932 re-election campaign. The similarities are rather remarkable.
http://www.kansascity.com/2011/09/13/3139293/real-household-income-fell-23.html
http://dealbook.nytimes.com/2011/09/16/police-charge-ubs-trader-with-fraud/
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