What President-elect Obama needs to know about poverty

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As the economic downturn continues, the ranks of those who live below the poverty line are growing. President-elect Barack Obama has promised to tackle poverty by reducing taxes, increasing the minimum wage and introducing new social services and rural investment. But what is his best, first move?

Poverty facts:

• 37.3 million Americans lived in poverty in 2007, according to the U.S. Census Bureau.
• Almost 700,000 children went hungry in America in 2007, according to a new report from the U.S. Department of Agriculture. That's more than 50 percent higher than the year before.
• Families from Mississippi, New Mexico, Texas and Arkansas were reported to have the least "food security."