A Quote by Barack Obama
Unemployment is low, incomes are up, poverty is down - and that's going to be a lasting change.
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If we need more demand in the economy then protect people in work and raise the incomes of those on low incomes who need to spend, such as the low paid, pensioners and families with children.
Most elderly are retirees with relatively low incomes. But some may possess assets, and they will be classified as poor. As such, the elderly poverty rate could be overstated.
Food poverty exists because of unemployment, low wages, high costs of heating, as well as problems at the DWP including delays in receiving social security, and the cruel and unfair Bedroom Tax.
I did go through a period where I was on unemployment. That was my low point: Martha Quinn on line at unemployment, hoping nobody will recognize her.
What keeps me up at night is poverty and unemployment.
Because tax cuts create an incentive to increase output, employment, and production, they also help balance the budget by reducing means-tested government expenditures. A faster-growing economy means lower unemployment and higher incomes, resulting in reduced unemployment benefits and other social welfare programs.
Unemployment in the sense of distress is widely disappearing. . . . We in America today are nearer to the final triumph over poverty than ever before in the history of any land. The poor-house is vanishing from among us. We have not yet reached the goal, but given a change to go forward with the policies of the last eight years, and we shall soon with he help of God be in sight of the day when poverty will be banished from this nation. There is no guarantee against poverty equal to a job for every man. That is the primary purpose of the economic policies we advocate
What is a danger is that we stay stuck in a new normal where unemployment rates stay high, people who have jobs see their incomes go up, businesses make big profits. But they're learned to do more with less, and so they don't hire.
We need a candidate who's going to be a fighter for freedom. Who is going to get up and make that the central theme in this race because it is the central theme in this race. I don't care what the unemployment rate's going to be. Doesn't matter to me. My campaign doesn't hinge on unemployment rates and growth rates.
My message is that the counterclaim - which is that if wages go up, employment will go down - is a scam. It's a con job. It's an intimidation tactic. There is absolutely no evidence anywhere that it's true. On the contrary, where you find high wages you usually find low unemployment.
The higher the unemployment rate, the more leverage I have to 'encourage' you to 'do what it takes' to keep your job. And so you work even more hours, pushing unemployment up and wages down. And that, my friends, is one of the little tricks that keeps you poor and me rich.
Unemployment, low wages, and poverty discourage family formation and erode family stability, making it less likely that individuals will marry in the first place and more likely that their marriages will dissolve.
It's time we put thoughts of lack behind us. It's time for us to discover the secrets of the stars, to sail to an uncharted land, to open up a new heaven where our spirits can soar. But first we'll have to make changes. And lasting change does not happen overnight. Lasting change happens in infinitesimal increments: a day, an hour, a minute, a heartbeat at a time...
In the 40 years I've been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality... Asset markets are in the sky, and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up.
Germany is the new pig. Germany depends on exports and its markets are drying up. When the Germans start getting 10% unemployment, 15% unemployment, which is the real variable, how are they going to handle it?
I think President Barack Obama is going to be treated very, very well by history in terms of his ability to save the economy. And that's certainly true in rural areas. The unemployment rate is substantially reduced, the poverty rate is down, and in large part because of the investments that were made during the Recovery Act and thereafter, historic investments.
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