Originally posted by DinoDoc
I don't really care what is commonly heard, Oerdin. I'd actually like to see the information for myself and if it is so common it shouldn't be hard for people to source it.
I don't really care what is commonly heard, Oerdin. I'd actually like to see the information for myself and if it is so common it shouldn't be hard for people to source it.
At that time Poverty rate was estimated at about 17% by the end of LBJ's admin it was 13%. It hit its nadir in 1973 (under Nixon) at 11.1%
By no means a halving in poverty rate or in terms of raw numbers.
See PDF Figure from Census
The establishing of poverty level has gone off the tracks according to this article.
WaPo
Of course the great societies impact on poverty level also conflates to a certain degree the effects of the Kennedy tax cuts enacted in '64. Some argue those being aimed as a demand side cut wiht incidental supply side impliactions others the reverse.
The common knowledge thing Oerdin speaks to is poppycock as it attempts to apply LBJ admin back to 1960 4 years prior to the announcement of the war on poverty and great society. 22% (In the Kennedy admin)down to 11% in 1973 (a full 4 years after LBJ left office). Funny how when you pick the number you can tell any story you wish. But clearly in 1960 none of the enacted programs were in play.
Realistically the starting point should be circa 1964-1965 and as I alluded to already the tax cuts are part and parcel of that admin performance during those and following years.
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