Tuesday, August 16, 2011

Food Stamps Stimulate the Economy?

Obama’s Secretary of Agriculture made an asinine comment. According to this fool, every dollar spent in food stamps creates $1.84 in economic activity in direct stimulus. Well, if that’s the case lets all get on welfare. We can all have American Recovery Act placards on our backs.

Newt Gingrich called it. Barack Obama is the Food Stamp President:

CHICAGO (MarketWatch) -- A record number of Americans are now receiving food stamps, according to data released by the U.S. Department of Agriculture. In May, there were 45.75 million recipients of the aid, up 2.5% from the previous month and 12% from May of 2010. The state of Alabama showed the biggest increase, almost 120%, with New Jersey, Nevada and North Carolina all seeing jumps in the 20% range. Every state posted a percentage increase, save North Dakota, which was essentially flat.

Thank God for food stamps. I’d hate to see what our economy would be like without them.

Source: http://www.marketwatch.com/story/record-number-of-americans-on-food-stamps-2011-08-03

No comments: