Poverty alleviation is very much possible and China is a good example of a country that has lifted people enmass out of poverty.
Achieving this would need a concerted effort on part of the leadership as a deliberate and orchestrated policy which would be implemented with discipline and focus. Unfortunately these are the qualities that our immediate and present leaders are not showing.
Imagine the Presdient is off sick(nothing against that as he is human), however it has being handled unsatisfactory. The country just seems to be on auto pilot, with the captain not at the helm, and the plane just waiting for the fuel to run out, your imagination is as good as mine.