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Summer Of Recovery Brings On Winter Of Our Discontent

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081410_summerofrecovery_420Editor’s Note – Is the news that one in eight Americans is receiving food stamps a sign of Obama’s failure to stimulate the economy, or a sign of his success in spreading the wealth around?

There’s an old saying that people vote their wallet and the Democrat Party will have a very empty feeling come November.

And, despite their ‘hope and change’, November is coming…

 

Food Stamp Recipients at Record 41.8 Million Americans in July, U.S. Says

By Alan Bjerga
Bloomberg

The number of Americans receiving food stamps rose to a record 41.8 million in July as the jobless rate hovered near a 27-year high, the government said.

Recipients of Supplemental Nutrition Assistance Program subsidies for food purchases jumped 18 percent from a year earlier and increased 1.4 percent from June, the U.S. Department of Agriculture said today in a statement on its website. Participation has set records for 20 straight months.

Unemployment in September may have reached 9.7 percent, according to a Bloomberg News survey of analysts in advance of the release of last month’s rate on Oct. 8. Unemployment was 9.6 percent in July, near levels last seen in 1983.

An average of 43.3 million people, more than an eighth of the population, will get food stamps each month in the year that began Oct. 1, according to White House estimates.

Read More – http://www.bloomberg.com/news/2010-10-05/food-stamp-recipients-at-record-41-8-million-americans-in-july-u-s-says.html

Tom Tillison

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