30% of Americans are in poverty or close to it

From 2000 – 2008 poverty grew at a rate twice that of population growth. Not surprising, really. During that period, there was a massive transfer of wealth from us to a few elites.

Of course, the economy got even worse in 2009, so the poverty rate is certainly even higher now – as Wall Street paid themselves record bonuses after getting bailed out by a complaint federal government.

If this doesn’t make you angry, it should.

Hartford CT and Youngstown OH are tied at 33.5% for highest poverty rate in primary cities.

I grew up near Hartford and lived there again in 2007. It’s been circling the drain since I was a kid.

Something like 33% of children in Hartford have one or both parents in prison. It’s appalling. And their supposedly reformist, progressive mayor was indicted twice on corruption charges last year.

If anyone could have figured out how to bring back Hartford, it would have happened already. It’s the classic donut of urban theory, well-off suburbs surrounding a collapsing city in the middle. The banksters have made things worse for the poor, as witness the accelerating poverty rate, but these problems have been worsening for decades.