According to Paul Krugman (NYTs October 14, 2016), President Obama has presided over a “significant drop in poverty.”
Based on US Census data, in 2015 10.4% of all families lived below the poverty line. In 2008, that number was 10.3%, in 2000 it was 8.7% and in 1990, 10.7%
Looking at Black families alone it was 21% in 2015, 21.9% in 2008, and 21.4% in 2002, the last year presented on their tables.
So, that significant drop in poverty rates was 0.8% over a seven-year period or 0.114% per year?
If that’s all it takes to achieve significant change, what the heck does he call an average health care inflation rate exceeding 5% a year in a low inflation (*) environment , a significant accomplishment of Obamacare?
(*) Note: The latest inflation rate for the United States is 1.1% through the 12 months ended August 2016, as published by the US government on September 18, 2016.