The Recession Is Over — Although 35 Million Americans Might Not Agree


As Bernanke and Co.™  have been telling the world lately, good times are here again. Ya. Except if you’re part of the 12% of Americans on food stamps:

WASHINGTON (Reuters) – More than 35 million Americans received food stamps in June, up 22 percent from June 2008 and a new record as the country continued to grapple with the worst recession since the Great Depression of the 1930s.

The food stamp program, which helps cover the cost of groceries for one in nine Americans, has grown in step with the U.S. unemployment rate which stood at 9.4 percent in July.

The Labor Department will release August employment figures on Friday.

June was the seventh straight month in which food stamp rolls set a record. The average benefit in June was $133.12 per person.

Now that unemployment in the States has risen to 9.7% (we all know it’s far higher than that even), expect the 35 million to swell once again.

A 22% monthly rise seems awfully high, doesn’t it? That’s what, 6-7 million extra people on food stamps in one month? I’m not sure what to attribute that to, maybe the good readership can tell The Mayor where these extra 6-7 million people came from all of a sudden. Is ACORN performing door to door services now?

The Mayor isn’t a mathematician, (although I once killed a budgie by hitting it with an abacus), but 35 million Americans getting $133 bucks a months works out to somewhere in the neighbourhood of 4.6 billion a month. That’s a sweet 50 billion a year. And that’s ALOT of stamps.

Not to worry though, as long as 52% of Americans still believe in the Hope & Change© Express, I’m sure everything will be just fine. Now go to bed, tuck yourself in, and have a lovely sleep.

2 Responses to “The Recession Is Over — Although 35 Million Americans Might Not Agree”

  1. Andy Says:

    I am shocked Mr. Mayor! And I am dubious that only 12% of Americans are on food stamps. I think they’re cooking the books to make things seem more rosy here below the border.

    When I go to the Kroger, or Super One, or WalMart, it seems that often I am the only one NOT using a “Louisiana Purchase Card.” Bwahahahaha…that’s really what they call the food stamp debit card down here in Louisiana.

    Oh, for the good old days when they actually had to pull out the coupons, sign them over to the cashier under the shameful eye of other shoppers…now they just swipe the card…just like those that swipe their bank cards, debiting their OWN bank account.

    Normally, the cart is full of steaks, expensive “brand name” canned goods, pre-cooked TV dinners, baby diapers, and liquor. But the diapers and liquor are segregated, and paid for with cash in a separate transaction…the stamps don’t work on the “necessities.”

  2. Steynian 385 « Free Canuckistan! Says:

    [...] HURRAY! The Recession Is Over — Although 35 Million Americans Might Not Agree …. [...]

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