And that reason has to do with anti-growth policies that have held back tens of millions of low income Americans, and destroyed entry level jobs that would help the poor get on the first rung of the economic ladder.
The Census Bureau, which gathers the nation's poverty data, said that more than 45 million Americans were stuck below the poverty line, according to figures released late last year.
This means that nearly 15 percent of all Americans live in poverty.
Obama never misses an opportunity to brag about how much better life in America is under his presidency, often cherry picking numbers that leave out other statistics that show how bad things really are in Obama's economy.
He can't do that with the poverty numbers we've seen under his administration. With a little more than a year and a half remaining in his presidency, poverty rates are much higher than the 12.3 percent level under his predecessor in 2006, before the Great Recession began.
You might think Obama would have reached one or two conclusions about why poverty remains so high under his presidency.
But he hasn't a clue, as he fully demonstrated during a panel discussion on poverty at Georgetown University on Tuesday.
Consider his odd observation that racial segregation in America has since been replaced by "class segregation," a societal change that, he said, needs to be addressed.
That sounds very much like the class warfare themes Obama has demagogued throughout his two campaigns for president. But how can we lift the poor out of poverty? He didn't say.
Here's a sampling of Obama's muddled thinking about all this: