Many people believe this to blame the social assistance law adopted in 1996 by the bipartisan modify, cancel the safeguards to protect many families, poverty is bound to increase in such a serious crisis situation. Prior to the increase in the poverty index is a change in the law could result. But history suggests that the overall economic situation is the root cause of the increase in poverty. Under normal circumstances the majority of U.S. residents through their labor income of the majority, there are millions of people can not find work in the current economic situation, or at least can not find day jobs.
These people can not find work because of the bad economic management, that is, Rabin, Greenspan and Bernanke management is very bad. They think that the last 20 years the foam to promote the growth of the economy, such as the stock market bubble of the 1980s, the real estate bubble of the last 10 years that the bubble will not burst, or rupture easily controlled. Rabin himself as a former finance minister, over 100 million U.S. dollars profit from the real estate bubble, and later become a leading member of the Citigroup.
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