Detailed text transcripts for TV channel - MSNBC - 20140109:06:32:00
Great society programs of the 1960s were misguided and failed social experiment that wasted taxpayers' money. in fact, from 1963 when lyndon johnson took office until 1970, as the impact of his great society programs were felt, the portion of americans living below the poverty line dropped from 22.2% to 12.6%. the most dramatic decline over such a brief period in the 20th century. the current poverty rate in america in the wake of the financial crisis and recession is 15%, thanks in part, it's been held down thanks in part to programs like food stamps. also enacted by lyndon johnson. today in ...