September 8th, 2015 4:56 pm
The Obama Legacy, Cont’d: Poverty Rate, Child Poverty, Business Closures Exceed Startups for First Time Ever
Posted by Timothy Lee Print Email
Amid an excellent piece detailing the perils of minimum wage increases in today’s Wall Street Journal entitled “A Post-Labor Day, Minimum-Wage Hangover,” CKE Restaurants CEO Andy Puzder provides yet another depressing snapshot of the emerging legacy of Barack Obama:
The real problem is that more than six years of progressive economic policies – higher taxes, more regulation, ObamaCare, Dodd-Frank and more – have eliminated opportunities. The poverty rate remains at levels generally observed during recessions. Child poverty is at its highest point in 20 years. The U.S. Census Bureau reports that for the first time since it began compiling the data, business closures each year have been exceeding new business startups. This is the result of an economy limping along at a 2.2% growth rate.”
http://cfif.org/v/freedom_line_blog/23137/the-obama-legacy-contd-poverty-rate-child-poverty-business-closures-exceed-startups-for-first-time-ever/
