Obama’s America: Latino Poverty Rate Up to 28%

Posted by on Nov 15, 2012 at 7:34 am
obama9

It’s a good thing they overwhelmingly voted for this abomination in the White House so they can get more free stuff. Otherwise they might really be miserable.

How do you say suckers in Spanish?

While Latinos are gaining in political clout, they are also falling down the economic ladder, new Census numbers show.

Latinos poverty rates climbed to 28 percent after the census reconfigured its algorithm to take into account medical costs and government programs. The Hispanic poverty level rose after the government took into account safety-net programs such as food stamps and housing, which have lower participation among immigrants and non-English speakers.

Overall, the ranks of America’s poor edged up last year to a high of 49.7 million, based on the new census measure.

The numbers released Wednesday by the Census Bureau are part of a newly developed supplemental poverty measure. Devised a year ago, this measure provides a fuller picture of poverty that the government believes can be used to assess safety-net programs by factoring in living expenses and taxpayer-provided benefits that the official formula leaves out.

By the time Obama leaves office this number will be closer to 50%. Yet somehow it’ll be Bush’s fault.

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