The National Bureau of Economic Research said today the Great Recession that started in December 2007 officially ended in June of last year. But don't tell that to the 43.6 million people who are trying to live below the poverty line. That's 14.3% overall, or one in seven Americans and includes 20% of all children, 25% of blacks and Hispanics. It's the highest poverty rate since 1994, and the Census Bureau says it would have been worse except for government safety nets. Food banks, shelters and job-opportunity centers around the country tell us they're serving a new and different class of people, the recently unemployed. What's the reaction in Washington, six weeks before the November election? Will the private sector start hiring or should government create new jobs?
Census Bureau Says One in Seven Americans Lives in Poverty
- Deborah Weinstein - Executive Director, Coalition on Human Needs
- Jason Perkins-Cohen - Executive Director, Job Opportunities Task Force
- Frank Spencer - Executive Director, Stewpot Community Services
- Beverly Damore - Chief Communications Officer, St. Mary’s Food Bank Alliance
- Stephen Moore - Heritage Foundation - @StephenMoore
- Heidi Shierholz - Economist, Economic Policy Institute - @EconomicPolicy