Monday, February 13, 2012

3 million more unemployed since Obama was elected, many who were in middle class now live in poverty-BBC

.
2/13/12, "America's homeless resort to tent cities," BBC News Panorama

"Unemployment in America today has not reached the astronomical levels of the 1930s, but barring a short spike in 1982, it has not been this high since the Depression era.

There are now 13 million unemployed Americans, which is three million more than when President Barack Obama was first elected.

The stark reality is that many of them are people who very recently lived comfortable middle-class lives.

For them, the economic downturn came too fast and many have been forced to trade their middle-class homes for lives in shelters, motels and at the far extreme, tented encampments." (end of article)

"In Steinbeck's footsteps: America's middle-class underclass," BBC caption

.

No comments: