American Households On Foodstamps Climb To New Record


#1

Yesterday, briefly, we were confused by the eruption in the stock market following a not too bad sub-200K nonfarm payrolls number. Because we know that in the New Normal bad is always good, no matter what the well-coifed TV pundit *du jour *tells you. Then we remembered that yesterday is when the USDA releases its monthly Supplemental Nutrition Assistance Program data, i.e. Americans on Foodstamps.

It was here that the ramp was perfectly explained, because while the bad (for stocks of course) data was that individual foodstamps recipients rose by 170K in March - if just a whisker below all time highs - it was the number of American households on foodstamps, which rose to a new all time high of 23,116,441 (each collecting an average of $274.30 per month)

American Households On Foodstamps Climb To New Record | Zero Hedge
Yet not a word in my local rag about any of the scandals or the recession that people think we are in.


#2

Your local rag is in Chicago. They cannot say anything even slightly negative of 0bama. They are either willing accomplices or fear reprisal.


#3

[quote=“Conservative_Libertarian, post:2, topic:39762”]
Your local rag is in Chicago. They cannot say anything even slightly negative of 0bama. They are either willing accomplices or fear reprisal.
[/quote]One thing of note it said in the article food stamps went up 170k which btw the amount the government claims is job growth is 175K

Bureau of Labor Statistics Data


#4

Newt hit the nail on the head when he called Mr. Obama “The Food Stamps President”.