from Zero Hedge:
While hardly presented by the mainstream media with the same panache
dedicated to the monthly ARIMA-X-12 seasonally-adjusted,
climate-affected, goal-seek devised non-farm payroll data, the three
month delayed Foodstamp number is according to many a far greater
attestation to the “effectiveness” of the Obama administration to turn
the economy around. And far greater it is: since his inauguration, the US has generated just 841,000 jobs through November 2012, a
number is more than dwarfed by the 17.3 million new foodstamps and
disability recipients added to the rolls in the past 4 years.
And since the start of the depression in December 2007, America has
seen those on foodstamps and disability increase by 21.8 million, while losing 3.6 million jobs. End
result: total number of foodstamp recipients as of November: 47.7
million, an increase of 141,000 from the prior month, and reversing the
brief downturn in October, while total US households on foodstamps just
hit an all time record of 23,017,768, an increase of 73,952 from the
prior month. The cost to the government to keep these 23 million
households content and not rising up? $281.21 per month per household.
Read More @ Zero Hedge.com
While hardly presented by the mainstream media with the same panache
dedicated to the monthly ARIMA-X-12 seasonally-adjusted,
climate-affected, goal-seek devised non-farm payroll data, the three
month delayed Foodstamp number is according to many a far greater
attestation to the “effectiveness” of the Obama administration to turn
the economy around. And far greater it is: since his inauguration, the US has generated just 841,000 jobs through November 2012, a
number is more than dwarfed by the 17.3 million new foodstamps and
disability recipients added to the rolls in the past 4 years.
And since the start of the depression in December 2007, America has
seen those on foodstamps and disability increase by 21.8 million, while losing 3.6 million jobs. End
result: total number of foodstamp recipients as of November: 47.7
million, an increase of 141,000 from the prior month, and reversing the
brief downturn in October, while total US households on foodstamps just
hit an all time record of 23,017,768, an increase of 73,952 from the
prior month. The cost to the government to keep these 23 million
households content and not rising up? $281.21 per month per household.Read More @ Zero Hedge.com
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