SMRs and AMRs

Saturday, January 08, 2011

Misery With Plenty of Company

By BOB HERBERT
NYT

Consider the extremes. President Obama is redesigning his administration to make it even friendlier toward big business and the megabanks, which is to say the rich, who flourish no matter what is going on with the economy in this country. (They flourish even when they’re hard at work destroying the economy.) Meanwhile, we hear not a word — not so much as a peep — about the poor, whose ranks are spreading like a wildfire in a drought.

The politicians and the media behave as if the poor don’t exist. But with jobs still absurdly scarce and the bottom falling out of the middle class, the poor are becoming an ever more significant and increasingly desperate segment of the population.

How do you imagine a family of four would live if its annual income was $11,000 or less?

During a conversation I had this week with Peter Edelman, a professor at Georgetown University Law Center and a longtime expert on issues related to poverty, he pointed out that the number of people in that tragically dismal category has grown to more than 17 million. These are the folks trying to make it on incomes below half of the official poverty line, which is $22,000 annually for a family of four.

(More here.)

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