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September 15th, 2010
06:00 PM ET

How will record U.S. poverty levels impact midterm elections?

FROM CNN's Jack Cafferty:

It's not like the Democrats don't have enough problems headed into the midterm elections.

A couple applies for food stamps after being evicted from their home following job loss. They then moved into a motel with their three children.
A couple applies for food stamps after being evicted from their home following job loss. They then moved into a motel with their three children.

Now comes word that the number of people in the U.S. who are in poverty is on track for a record increase on President Obama's watch.

It's not necessarily President Obama or the Democrats' fault, and is likely the product of the worst economic downturn since the Great Depression. But some political damage will likely accrue to the Democrats anyway.

Census figures for 2009 are out soon, and it's expected the poverty rate will have increased from 13.2 percent to 15 percent of our population. That translates to 45 million people - or one in every seven - being poor.

It would be the highest increase in poverty since the government began keeping records in 1959.

Among working people aged 18 to 64, poverty is expected to have increased from 11.7 percent to 12.4 percent.

That would be the highest since 1965 when President Lyndon Johnson launched the war on poverty, which greatly expanded the federal government's role in social welfare programs from education to health care.

Here’s my question to you: How will record levels of poverty in the U.S. impact the midterm elections?

Tune in to the Situation Room at 6pm to see if Jack reads your answer on air.

And, we love to know where you’re writing from, so please include your city and state with your comment.


Filed under: Elections
soundoff (73 Responses)
  1. Mike San Martin

    People thought Obama was superman when he was elected. A president is just a man. He (Obama) isn't being given a fair shake so the masses are confused and angry and voting on this current emotional wave. A lot of people running for congress are like Obama; they are just human but they will promise everything and the kitchen sink and people have short memories and will vote for those who promise things that they (the voter) wants to hear, as sad as that may be!

    September 15, 2010 at 5:54 pm |
  2. Dick B

    None. The biggest issue in this election is whether the Obama administration has properly focused their energies in the right areas for average Americans. I think they get a failing grade. Instead of creating jobs and building infrastructure they filled the bank accounts of wall street insiders, special interests and all the places Michelle and the kids went on vacation.

    September 15, 2010 at 5:57 pm |
  3. Cheryl

    I hope they vote Democratic; the Republican Party represents the rich, the christian intolerables, and this year....the mad hatters!

    September 15, 2010 at 5:57 pm |
  4. katiec Pekin, IL

    Well, hopefully, if it does the anger is steered in the right direction and that is at the party who has obstructed, voted no on any policy to help get our country back on it's feet, tried to eliminate and stop any advancement, progress in our economy ALL for the sake trying to regain power and winning this next election.

    September 15, 2010 at 5:59 pm |
  5. sharon

    It should wake people up to the fact that 90% of small businesses in America do not make 250,000 – right now they can't even afford to pay their tax accountants any more. The tax break being bandied about by the Republicans will only affect their "small businesses" – these small businesses that don't want the tax break to expire don't really have small businesses = they just separate their multi – businesses to fall under the tax breaks... Mainstream American small business is barely scraping by and make way less than this amount! We need to quit letting the Republicans and media hype scare us away from this much needed break for everyone!

    September 15, 2010 at 6:01 pm |
  6. ben stockton, calif

    americans are not idiots. the lack of jobs, runaway spending, good old boy network doesnt cut it for us anymore. america will vote their pocketbook in the next election. if the tea party people win major elections , i hope they have the wisdom of seriously putting jobless people drawing paychecks again. i don know if we are sending novices int office with nary a clue of how to implement such a major endeavor . yogi once said, it aint over till its over!!!

    September 15, 2010 at 6:04 pm |
  7. Jessie Dodard

    No impact!! Those most people affected by the growing threat of poverty are the middle class. The poor get foodstamps and housing vouchers and the wealthy get tax cuts and their businesses bailed out. But we in the middle get pain and stress time and time again after each and every type of election across the country. We voted in Democrats because we truly believed they would be instrumental in all this "change is coming" hype and what did we get? A bunch of cowards, punks, and whimps who are too afraid to make decisions. So who's left? The same old Republicans who want to ensure that the wealthy get the biggest breaks. But we who are in middle never get a break. It is truly disgusting.

    September 15, 2010 at 6:04 pm |
  8. Virginia Hughes

    That depends upon how smart or stupid people are. If they're smart, the increase in poverty levels will create a corresponding increase of votes for Democrats. Why anyone poor would vote Republican is beyond me.

    Auburn, ME

    September 15, 2010 at 6:04 pm |
  9. Missy M

    It doesn't matter if democrats are at fault or not ... they are the party in power (democrats have held control of Congress since 2006), the nation looks to them for solutions and when they fail to address the very real problems this country has, they deserve all the blame that is heaped upon them. Since this recession began, expert after expert, mothers, fathers, grandparents, etc. have been imploring congress to take steps to lay safety nets for the nation's vulnerable people - the poor, underemployed, out-of-work people, etc. to reduce the impact of this recession. In the end, Congress and this president did everything EXCEPT address the needs of these vulnerable folks. Congress passed TARP (under BUSH) then the Stimulus Bill (which doesn't help most poor people) and health care. Now they're bickering over a bill to give small businesses loans. Just shows how out of touch they are with the real world.

    September 15, 2010 at 6:05 pm |
  10. Joe Citizen - Anywhere U.S.A.

    Hard to say how it will affect the elections. It does indicate how effective the emphasis of preventing the transfer of wealth from the rich to the poor was though. the rich are accumulating all the wealth.

    September 15, 2010 at 6:06 pm |
  11. DON, TRAVERSE CITY, MICHIGAN

    Won't affect them at all, Jack. The rich get richer in this country and the poor get poorer and more stepped on.

    September 15, 2010 at 6:07 pm |
  12. Ken in NC

    It simply means that many of what used to be the "Voting electorate" will become the "Voting Poor".

    September 15, 2010 at 6:07 pm |
  13. Ted

    Jack..That's easy,,It's Bushes fault. It is also his fault the COWBOYS lost too.

    September 15, 2010 at 6:07 pm |
  14. Valerie in Raleigh

    The amount of people who have lost their jobs and are living in poverty is frightening. You have to be in that situation to understand the sheer terror you feel. The Democrats will probably take the hit this election but all voters need to remember how we got here – eight years of the Republicans. President Obama did not do everything right since he entered office but he kept us from total a collapse of our economy and had to spend a lot of money doing it. We would be in much better shape today if the Republicans had put country ahead ot party and worked with the President instead of voting "No" on everything he tried to do to help us. It was if the Republicans felt that nobody had the right to rule but them and, if they had to hurt the country to regain power, that is exactly what they would do. They have lost my vote and financial support.

    September 15, 2010 at 6:09 pm |
  15. Larraine, Abingdon, MD

    Like most voters really care anymore? Give me a break! Do you really think the majority of Tea Baggers gives a darn about poor people? Or even most Democrats anymore for that matter. People seem to be in it for themselves anymore. There's so much whining about the economy. I've been unemployed since April 09. I've re-educated myself for the second time with no results so far. Employers are stealing employers from one another rather than train anyone. No wonder there is so much poverty!

    September 15, 2010 at 6:13 pm |
  16. Johnny C (from Los Angeles)

    Hi Jack –

    Americans are generally "laid back". However, Americans also have a boldness when they are impacted by financial stresses and the Congressional attitude of "we know what's best for our consituents" obviously hasn't helped out. These newly energized folks may feel defeated and humbled by the economy and it will be remembered at the voting booth ... even if you are one of the good incumbants, your chances of reelection will come with lower probabilities of success.

    September 15, 2010 at 6:13 pm |
  17. Joseph Leff

    It's hard to tell what the impact will be, but the solution to the poverty problem is obvious - cut taxes for the wealthy.

    Joe in Florida

    September 15, 2010 at 6:14 pm |
  18. WF

    It just goes to show how checks and balances work best in any society. We have been led by a Congress (House & Senate) full of Democrats way too long... Its not just Obama causing our collapse, it the Congress that has the true strength that operates this country.

    September 15, 2010 at 6:15 pm |
  19. Mike

    It's already shown its effect. The only group people have to turn to if they're fed up with the status quo are the teabaggers. It's very possible people are voting for the teabaggers simple out of frustration, not knowing what the group really stands for.

    September 15, 2010 at 6:15 pm |
  20. Antonio from Washington D.C.

    It depends on who speaks to the impoverished the most, who actually cares about them, and those who actually help them.

    September 15, 2010 at 6:15 pm |
  21. Alex in Wisconsin

    Record poverty should actually work in the democrat's favor since that means more people who need government assistance. But in this twisted political year, obviously the steep increase in poverty will be attributed to an increase in American Laziness and more proof that the Tea Party is right, we need to do away with government safety nets and give more tax breaks to the rich so that when 15 percent of the country dies of starvation or undiagnosed disease...well he Tea party can smile at church on Sundays with thoughts of how they helped the poor get to heaven, quickly.

    September 15, 2010 at 6:15 pm |
  22. Dolores Surprise AZ

    It will probably be bad for the Democrats as there are so many voters out there with short term memory loss and don't remember who got us in to this mess.. As I have said before, I was not an Obama fan but whatever he does it is 100% better then bush did and I give him credit, HE IS TRYING. You can't clean up an 8 year mess in less then two years.

    September 15, 2010 at 6:15 pm |
  23. Gail

    Geez, Jack:

    if we continue to import more and more illegals, those
    with no skill, unable to speak English, continue to drain our
    resources...we will all be at the poverty lines.

    I for one, is trouble that our politicians continue to allow this
    system of slavery and poverty...on top of a historical economic
    recession to boot!

    go firgure! OBAMA and those in Congress have got to be dense!

    Gail

    September 15, 2010 at 6:16 pm |
  24. Mark, Oklahoma City

    Well, I guess all the African American students at my inner city middle school who whooped and hollered and rejoiced that a black man was now in the White House on election day can now tell how much "better off" their parents are now two years later. I bet most will say NOT MUCH, if ANY. You can't vote for color....you have to vote for competence. The Obamas need to start looking for retirement property right now.

    September 15, 2010 at 6:16 pm |
  25. Guedy

    Is poverty still defined by who receives government aid?
    That's the way it has been for decades. If so, where is the in-depth analysis of the correlation between more generous government programs and poverty statistics?
    Guedy

    September 15, 2010 at 6:16 pm |
  26. Jason

    Most poor people and people in poverty back democrats. It will mean that the democrats will keep control of both the house and senate. Their numbers are growing more than the number of people worried about our national debt. Welcome to the new welfare states of America!

    Fairfax, VA

    September 15, 2010 at 6:17 pm |
  27. alanramsey

    Let's thank the Republicans for the sell out of American jobs, families and whole communities to the communist/socialist child slave labor nations for CEO wealth and corporate profit with their failed "trickle down" policy schemes. Suddenly, with American jobs outsourced overseas, millions of Americans paid the Republicans' "hidden tax": lost jobs, income, mortgage defaults, lost retirements and childrens' college funds.

    All for the promise that the crumbs would "trickle down" off the golden microphones and wealthiest Americans and create "millions of high-paying jobs...and economic expansion" by the Bush Congress.

    Yeah...we saw how well that all worked out.

    Alan Ramsey – South Carolina

    September 15, 2010 at 6:17 pm |
  28. Herb - Tampa, FL

    It won't impact them at all. The Tea Party and GOP voters will just step over and around the poor on their way to vote.

    September 15, 2010 at 6:17 pm |
  29. Jacque (Oregon)

    Due to our cultures' obsession with instant gratification and narrow focus (gun barrel vision) there will be some who blame the current administration for the accumulated woes that have taken decades to manifest. They will be the ones responsible if we are returned to the GOP ways that facilitate the rich getting richer.

    September 15, 2010 at 6:17 pm |
  30. Jack - Lancaster, Ohio

    Jack:

    It will not impact the mid-term elections at all, afterall the candidates are far from the poverty level and therefore have no concept of any impact that may or should have on their political future. If you are a poverty kind of person, it is entirely YOUR fault. Got it !

    September 15, 2010 at 6:17 pm |
  31. Roberta

    This is a no-brainer. People will vote in record numbers for the party that supports business - any business, small, medium or large. And that's the GOP. "Hope and change" has turned out to be synonymous with debt and poverty.

    September 15, 2010 at 6:18 pm |
  32. Anthony

    The voters who go to the polls who are not happy with the economy will want to vote the bums out and vote for someone who actually can accomplish something. This recession has gone on too long. We need action and not just empty words.

    Beaumont, T.X.

    September 15, 2010 at 6:18 pm |
  33. marlene

    it may affect the election by the amount of people that don't even vote ! the best thing we ALL can do is demand TLs – TERM LIMITS on all offices!!!!! we really don't need professional politians! after all, look at the "founding fathers"! many had no "experience" and they did just fine!

    September 15, 2010 at 6:19 pm |
  34. Jacob

    Like you said Jack, it isn't all the Democrat's fault. However, looking at history shows us that those in power typically take the blame. However, truth be told the blame can equally be placed on both the GOP and the Democrats for 20 years of terrible policies. Wonder why the anti-incumbent movement is so strong – because we, the represented, want proper representation.

    September 15, 2010 at 6:19 pm |
  35. Stephen from Florida

    Yes, however, even though its under the Democratic watch, the Republicans are the ones who are responsible for 2008 economic collapse. When the economic collapse occurred a great deal of people fell into poverty. Remember this, "the poor get poorer and the rich get richer." This mess was caused by George W. Bush not President Obama.
    It was the Democrats who kept the US from falling into another Great Depression. If you recall history, the Republicans also did the same thing leading up to the Stock Market Crash of 1929. After F.D.R became President he was able to help fix a lot of things. There has to be a system of regulation. Letting Wall Street do what they did is what caused the 2008 economic collapse.
    The illegal wars that George Bush started as well have drained the US' money reserves causing the US to have to borrow a lot of money from China and other nations.
    Then you have the Republicans who are stealing older people's social security, which they paid their taxes into for 50+ years, in turn for keeping taxes low. Republicans are criminals and there needs to be a public inquiry on the issue.

    September 15, 2010 at 6:19 pm |
  36. g

    it means that the republican plan trickle down and shipping good tax paying jobs overseas and having china supply the goods america needs has done its job

    September 15, 2010 at 6:19 pm |
  37. Scott

    It will impact the election in a great way. The curtain fell in D.C. and the wizard has been exposed. We are tired of D.C. blowing the money and telling the people that we are ignorant to what we need. What we need is a fresh untrained set of thieves.

    September 15, 2010 at 6:20 pm |
  38. Jim Blevins

    Unfortunately, they won't. People in this country, especially those of a Tea Party bent are far too selfish. The health care bill is the perfect case in point. Only a minority thought that it was unacceptable that millions of American couldn't afford health care - the majority were only concerned about how much it would cost to provide health care for everyone. Similarly, most American's don't care how many kids go to bed hungry - they care only about how much solving the problem will cost them. What will carry the day is reducing government - how many people are hurt by this won't matter except to a very few of us.

    Jim, Craig, CO

    September 15, 2010 at 6:20 pm |
  39. Fran

    Democrats are done, This Administration wants poverty . The more people feel they need the Fed Govt the more power this Admin feels it has . Most Americans are to smart and will rebel against the Democrats this fall. Most every one I speak too is against thisAdministration and see through thier Chicago politics.

    September 15, 2010 at 6:20 pm |
  40. Connie

    As much as I believe it should have a huge impact on our elections, it will not have much at all Jack.
    Why? You guessed it? Republicans are so into themselves to take over government, they only think of their own power.
    The Democrats are not able to use the poverty issue in a way that will cause the working, earning people to give a hoot. It is a losing issue for them.
    Sadly, America has lost its sympathy and caring for people. It is all me, me, me these days

    September 15, 2010 at 6:21 pm |
  41. Bruce, Ca

    Hi Jack,

    Potentially the impact could be high... but if these folks have lost their residence, then likely the impact will be low to none at all. Sad fact of our free enterprise system. You need money to take part in governance. The more money the bigger impact you can make on elections! Afterall just look at Meg Whitman's personal spending on getting elected governor here in California.

    September 15, 2010 at 6:21 pm |
  42. Midwest Jim

    The rich get richer, own the media and will roll back taxes.
    In a few years the nation will go bankrupt, default on its liabilities, social security, etc. Then you'll have a real revolution and they won't be serving tea.

    September 15, 2010 at 6:21 pm |
  43. Jorge Guzman

    That's a no brainer Jack, if Republicans win this November the rich will keep getting richer, and the poor will...well, you know how the movie ends.
    It doesn't take a genius to see that the GOP stands for the rights of 2% of Americans. What happened to the patriotism of these wealthy individuals? The sons and daughters of brave soldiers should not be the only ones making sacrifices, considering we are running 2 wars and over 700 military bases worldwide I say tax the hell out of the rich to 1946 levels. That would solve nearly all of our problems.

    September 15, 2010 at 6:21 pm |
  44. Sharon

    If I was obama Id hand keys to someoe and say you can fix the mess enough is enough But u wont find some one better. The whole world is the same. Thanks to wars and last bunch of yo yos that did the last 8 yrs Canada with health care ex is fine

    September 15, 2010 at 6:21 pm |
  45. charlotte shirley

    We are 80 years old, worked for 42 years, paid taxes,etc. we have outlived our retirement money and cannot believe how we are living now, our cupboards are bare, medicine at a premium, cannot afford all the little things we did, might lose our home for taxes, never imagined in our wildest dreams that we would ever get to this level, don't they know that this is just like what my mom and dad went thru{depression} had to move back with parents. We sre at the pverty level but prices have not gone down with us. thanks

    September 15, 2010 at 6:22 pm |
  46. Linda in Arizona

    Don't even suggest that it's the Democrats' fault that poverty has increased in the US when the republicans, who HATE the poor, have systematically destroyed as much of the social safety net as they could get their greedy hands on, and continue to do so unabated and unashamed. Why should record levels of poverty impact the midterm elections? The poor are disenfranchised, that is to say, they don't vote. The rest of Americans, for the most part, don't care how many poor people there are, as long as they aren't among them.

    September 15, 2010 at 6:23 pm |
  47. Greg Who? Mechanicsburg, PA

    We need to launch a new war on poverty. We need to wake up those poor people who have lost their homes as well as that upper-crust set. There is no reason why we can't lift people out of poverty and make them productive citizens, but we've got to stop playing games. Everybody hates taxes. Everyone pays a heck of a lot more taxes than they know. When you buy a loaf of bread, you are paying the taxes of the farmer that grew the wheat and oats. You are paying the taxes of the conglomerate that processes grains into bread. You are paying the taxes of the wholesaler and retailer. Businesses MUST add the cost of their "taxes" into all the goods and services that we consume. Why don't we cut out the middleman, that bureaucrat that taxes businesses, eliminate all business taxes and watch our economy, and our personal income tax, rise to get us out of our looming D E P R E S S I O N. This is no recession that we are in. It is time we recognize this depression for what is. The candidate that can address that is the one who will win.

    September 15, 2010 at 6:23 pm |
  48. Michael Armstrong Sr. Tx.

    The democrats are doomed there doomed I tell ya there history just like Obama in 2012 from here it can only get worst if Obama couldnt control a majority house there's no way he can control a republican house were going into stalemate mode 2012 .

    September 15, 2010 at 6:24 pm |
  49. Carl in San Diego

    At the rate we are going, in 100 years, if you make less than a million dollars you will be at poverty level. Less than 40 years ago, you could by a new car for $3000, new homes were 10's of thousands dollars, your grocery bill for a family of four for a week was less than $75 dollars. So Jack, what IS the poverty level now?

    September 15, 2010 at 6:25 pm |
  50. Johnny

    Jack,
    It is like the entire country believes a fallacy of in the trickle down effect of those who have to those who have not and are angry but blind to the fact that the gap is widening between the rich and the poor. Can we really afford those who state that they are fiscal responsible even though they caused this or for that matter those who state that they are working for the poor but know that they are not poor. My vote in the mid term is to give those who have worked for social responsibility another chance over those who are full of we are America when America is more than Tea Party, Dems or Reps.

    September 15, 2010 at 6:25 pm |
  51. Bizz Quarryville Pennsylvania

    Jack I am one of the people you are talking about. I am on a fixed income and there was a time or I could afford more than what I can afford now. One of things I cannot afford is the cost of my prescriptions even with having Medicare part D. I make over the limit where I cannot receive help with the cost of my prescriptions. I am now in what is call the gap where I have to pay full price. This is why I will be voting democrat be cause I feel the republican party looks after the rich. I think this country is becoming a two class country of the rich and the poor. And there will reach a point where something will have to give.

    September 15, 2010 at 6:25 pm |
  52. honest John in Vermont

    Any average people who are feeling a little more poor will know the Republicans are not in their corner.

    September 15, 2010 at 6:25 pm |
  53. Hank Pihl

    Jack
    It doesn't make any difference which party is in office or has the majority,in either house or senate.
    President Obama is talking about people who are earning $250,000 per year,I am asking you who is making that kind of money?
    He is talking tax cut.
    Most senators are millionairs,and they have no idea how common
    folks go through daily lives.
    Poverty is world wide and the USA is not exempt.
    We need manufacturing jobs back in the States,we need leaders
    in house and senate,we now have leaners and they don't have
    any idea how to fix it.

    September 15, 2010 at 6:25 pm |
  54. ken, nj

    It will have no impact on the midterm elections. Congress is a self serving body that only cares about themselves and their rich corporate friends. The dem voters are living in fantasy world if they think that obama and the dems care about the working class. They are corporate lackeys just like their republican brothers. 45 million more people in poverty with the dems in charge of the white house, house and senate. Why vote for liars that promise change and deliver more of the same.

    September 15, 2010 at 6:25 pm |
  55. Leo, New Jersey

    If voters are smart, which they aren't, they will realize this is the result of too many years of American corporations taking more from our pockets to artificially inflate profits. I think we know which party has allowed big business to have its way with us. I have held a university degree for 28 years, the first in my family in fact, and have constantly worked to keep my skills up to date. Yet despite the highly skilled positions I've held, and efforts of immediate supervisors to advance me, I have been constantly held back and have yet to see a living wage! I have to seek assistance from my retired parents – who were treated better in their day! Allowing corporations to do whatever they like to the American people is the equivalent of allowing them to run the government. That is the deception in the message of the "government hands off" party!

    September 15, 2010 at 6:26 pm |
  56. clem

    Not to worry Jack. when the Republicans take over Congress everything will be fine. at least for the rich. They will never have to be concerned that they will go broke-the Bush tax cuts will become permanent-and they can save their money and occasionally throw a bone to the poverty stricken.

    September 15, 2010 at 6:27 pm |
  57. Griff

    "I cant see poverty playing any part. Those/majority that live under poverty problems will stay the same as usual, they don't vote anyway.
    But Obama's promise to those peoples housing problems, must have changed their neighborhoods. I don't see them Jack?"

    September 15, 2010 at 6:27 pm |
  58. Ernesto

    The insanity grows with no end in sight. Foolish choices are deep seated in frustration and voters seem to be grabbing at any straw. I thought Palin would fade away after '08. No such luck!
    President Obama, the time for the rope-a-dope is over. We need you and Dems to come out fighting!

    September 15, 2010 at 6:28 pm |
  59. Ken in California

    It looks like there will be a blame game here by the two party's electorate. Tea anyone?

    September 15, 2010 at 6:29 pm |
  60. MIke in TX

    Of course it will impact the elections. Just like everything else that has taken literally years to get to where we are, this to will be campaigned hard as this Presidents fault. When a small group of activists can convince a full 20% of intelligent Americans that he is neither an American nor a Christian it tells you the state of our political process and any hope we, the citizens, have to have reliable information to determine our votes.

    September 15, 2010 at 6:29 pm |
  61. Louise Wilson

    Poor people are trapped into a system of the "haves" and "have nots". The are part of the world economy. To think that they are isolated under a political party in the United States is as intelligent as thinking the void can procreate. The world economy dictates the wave of the poor around the world from one country to another. Study the world percentages if one wants percentages.

    September 15, 2010 at 6:30 pm |
  62. William sparks

    In last month's Huffington Post Gene Epstein, a Philanthropist said he Will Donate $1,000 To Charity Every Time A Business Hires An Unemployed Person. Since he started this donation policy 2-months ago he has donated a grand total of -–zero.

    September 15, 2010 at 6:31 pm |
  63. Claudia, Houston, Tx

    The way money is being spent by those campaigning for midterm elections is a strong indication that the proverty levels in the U.S. will continue to increase. And frankly speaking, I don't believe not one of them feel the pain of those suffering in poverty.

    September 15, 2010 at 6:31 pm |
  64. Nancy, Tennessee

    All the people that are unemployed, registered to vote, and have a way to the polls will probably be voting for the person that says they will help. Enough of the old guard who have ignored the plight of the unemployed workers. It's time to send them home and give someone else a chance to make a difference. We may get more of the same, but no use trying the same old thing hoping for a different outcome.

    September 15, 2010 at 6:32 pm |
  65. William sparks

    Securities firms around the world will cut as many as 80,000 jobs in the next 18 months as revenue growth begins to slow, said Meredith Chambers, an SEC official. She continued by saying " we have already had to lay off 4- Senators.

    September 15, 2010 at 6:32 pm |
  66. kim smith, Dodge City, Ks.

    No impact at all. Politicians have completely forgotten how to work towards the good of the middle class, or the nation. They are only interested in getting re-elected, collecting perks and then becoming a lobbiest.

    September 15, 2010 at 6:32 pm |
  67. Gigi Oregon

    In our neighbor hood the people who lost their jobs lost them before Pres. Obama was elected. They also lost their homes, I doubt they will blame Pres. Obama. It's only the Republican party who is trying to blame the president.

    September 15, 2010 at 6:33 pm |
  68. Greg Who? Mechanicsburg, PA

    If the Republicans gain the House we will see a depression that will overshadow the great depression.

    September 15, 2010 at 6:34 pm |
  69. Jorge in New Mexico

    97% of small businesses don't make more than $250,000. Only 3% of small businesses do, and they're typically law partnerships or hedge fund managers who make millions of dollars.

    You'll notice that Republicans carefully say that "a third of all small business income will be subject to the higher tax rate if the Bush tax cuts expire."

    They talk in terms of income, and not number of businesses, because that 3% of small businesses make a third of all the income that all small businesses make.

    Hopefully all these poor people will vote for their own interests and press just for the middle class tax cuts, and not tax cuts for the millionaires pretending to be like the small businesses in your neighborhood.

    September 15, 2010 at 6:37 pm |
  70. Emmanuel

    Jack, the record poverty level will definitely benefit the republicans. This is because the republicans are banking on the average Americans ignorance, while the democrats are staking their political future on an America that is yet to be as intelligent as they thought. Remember when George Bush was re-elected in 2004 and the world was wandering what the heck? Yes, same is going to happen this november. Only a Republican/Tea party person will not understand that this recession being the worst since the great depression will breed more poverty than any other since the 1940's. Whatever government we end up with after all said and done will be the government we deserve; ignorant like her electorates.

    September 15, 2010 at 6:40 pm |
  71. Ed from California

    Let's hope that will get the people who normally don't vote, out to the polls and vote. Yes, the Dem's have made mistakes and have been way too docile in running our government. The Dem's know what to do and how to get this country back in shape. The Dem's have started re-regulation and passed a law that ends tax breaks to all corporations who is and has sent jobs overseas. Getting this country up and running again is going to take some time. Get out and VOTE!!

    September 15, 2010 at 6:41 pm |
  72. Conor in Chicago

    It will only effect the Democrats because the Republicans own 80% of the air waves and continue their dis-information campaign against the American electorate. Their economic philosphy brought us to this point and now we are a third world country. You better believe that a completely uniformed and scarred electorate will vote against it's own interest. It's what happened in Germany in 1933.

    September 15, 2010 at 6:41 pm |
  73. grady in Texas

    It should help the Republicans, Jack. Poor folks probably can't afford gas or a subway token to get to the polls. You shouldn't, by the bye, be surprised that the poverty rate is rising. As our government transfers, at an ever-increasing rate, the transfer of money from those who work to those who don't, I expect we'll all soon be on the poverty rolls.
    cheers
    grady [non-worker; retired]

    September 15, 2010 at 6:44 pm |