Bernanke's Poverty Effect: Foodstamp Recipients Jump by 400K In November, Hit New Record Of 43.6 Million

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Tue, 02/01/2011 - 15:23 | 924650 TruthInSunshine
TruthInSunshine's picture

When do SNAP cards outnumber iPad sales?

Tue, 02/01/2011 - 15:42 | 924734 jus_lite_reading
jus_lite_reading's picture

There are too many GREEN SHOOTS to count-

Global riots, increasing poverty, lawlessness, massive storms, record food stamp participation rate, 20% real unemployment, home prices declining 15% YoY, new home sales LOWEST in 47 years, record food and fuel prices, increased cost of living, flat wage increases, and Mervin King admitting the game is over! Let's rally 200 points!

 

Tue, 02/01/2011 - 16:01 | 924804 hedgeless_horseman
hedgeless_horseman's picture

That chart stinks of recovery.

Tue, 02/01/2011 - 16:05 | 924825 schoolsout
schoolsout's picture

Seafood places around here selling fish, shrimp, crabs and oysters now take EBT

 

WTF is wrong with that picture?

Tue, 02/01/2011 - 16:23 | 924915 percolator
percolator's picture

What better way to offload that toxic seafood from the GOM.

Tue, 02/01/2011 - 18:17 | 925377 Bananamerican
Bananamerican's picture

Green Shoot™ for the win!!

Tue, 02/01/2011 - 15:42 | 924737 jus_lite_reading
jus_lite_reading's picture

There are too many GREEN SHOOTS to count-

Global riots, increasing poverty, lawlessness, massive storms, record food stamp participation rate, 20% real unemployment, home prices declining 15% YoY, new home sales LOWEST in 47 years, record food and fuel prices, increased cost of living, flat wage increases, and Mervin King admitting the game is over! Let's rally 200 points!

 

Tue, 02/01/2011 - 17:52 | 925283 LowProfile
LowProfile's picture

Gangrenous shoots.

Tue, 02/01/2011 - 23:55 | 926244 StychoKiller
StychoKiller's picture

More FRN bandaids will fix that right up, along with that extra "eye" in your avatar's head! :>D

Tue, 02/01/2011 - 15:52 | 924772 greased up deaf guy
greased up deaf guy's picture

snap cards. such a cute and catchy name. i'm sure some needless federal employee got a big pat on the back (in lieu of a bonus) for coming up with that one.

Tue, 02/01/2011 - 17:05 | 925091 plane jain
plane jain's picture

The card started in Texas in 1991 as the Lone Star Card and was introduced by John Sharp.  voted for the guy as he actually seemed to be effective in office.

Wed, 02/02/2011 - 02:02 | 926439 Rasna
Rasna's picture

What's that... About 15% of the population?

But HamyWanger says the Dow is going to 14,000 and Ben's strategy is working and we are experiencing a great economic recovery.

This 15% along with the remaining unemployed are overjoyed, although they are confused because their food stamps don't buy as much because of the dollar destruction and food and energy inflation also taking place.

Way  to go Ben and your new myopic BFF Hamy "Let them eat cake" Wanger.

Tue, 02/01/2011 - 15:26 | 924652 HamyWanger
HamyWanger's picture

This is good news for food producers.

DOW +1.13% agrees with me. I think we're headed right to 13,000 before June, and 14,000 before August.

All the money spent by food stamps flows into the agro-industry, which stimulates stocks, which stimulate the global economy.

This is a virtuous circle.

Tue, 02/01/2011 - 15:29 | 924666 TruthInSunshine
TruthInSunshine's picture

Of course it's good for big Ag.

The demonrats are to big Ag what the repubirats are to big Defense.

House Passes Farm Bill, Expanding Food Stamps

 

Tue, 02/01/2011 - 16:40 | 924980 Calmyourself
Calmyourself's picture

Lots of money left over to purchase home decor,, Bullish, Harry very bullish.. Long soapdishes and decorative toilet paper holders in the shape of poodles like Grandma used to have..

Tue, 02/01/2011 - 15:29 | 924682 cossack55
cossack55's picture

I think a little soft on the #s there, HW.  Add 2K to each and you may be closer.  BTW, is a virtuous circle anything lkie a circle jerk?

Tue, 02/01/2011 - 15:53 | 924774 RockyRacoon
RockyRacoon's picture

Look for SOG to make new highs!  That's soggy biscuit for all you uninitiated.

Tue, 02/01/2011 - 15:29 | 924683 FOC 1183
FOC 1183's picture

just because it's called boone's farm doesn't mean it's agro-industry

Tue, 02/01/2011 - 15:38 | 924720 SwingForce
SwingForce's picture

Yes its true: you can't use food stamps on prepared or hot food items, therefore people buy much more "raw" foods for the same dollar. Could be 4 to 5 times as much, think of how much groceries vs. $10 lunch at Wendy's. As a side effect, these 43.6 million people are eating healthier than they ever have before. 

Tue, 02/01/2011 - 15:47 | 924758 Pants McPants
Pants McPants's picture

Was it the SNAP program or relief $$$ that could be used at fast food joints?  I can't remember.

Tue, 02/01/2011 - 15:57 | 924791 -Michelle-
-Michelle-'s picture

Elderly, disabled, and homeless can use SNAP to get prepared foods, including at restaurants.

Tue, 02/01/2011 - 16:26 | 924921 Pants McPants
Pants McPants's picture

Thanks!

Tue, 02/01/2011 - 23:57 | 926251 StychoKiller
StychoKiller's picture

In one state, it was found that you could use your EBT card at the casino's or strip club's ATMs -- how's dat sit wit yaz?!

Tue, 02/01/2011 - 16:12 | 924859 ColonelCooper
ColonelCooper's picture

Works for Schwann's though (except ready to eat ice cream etc..) Hottest Schwann's route around here is the one through the indian reservation.  Just sayin'.

Tue, 02/01/2011 - 16:30 | 924936 Fernley Girl
Fernley Girl's picture

people buy much more "raw" foods for the same dollar.

Not  where I live.  I think half the people in my town are SNAP recipients, and, from what I've seen there's a whole lot of over-processed, over-priced, no-nutrient food in those baskets.  If the gubmit wants to intervene in how amerika eats they should start with SNAP guidelines for eligible foods.

 

Tue, 02/01/2011 - 16:39 | 924976 traderjoe
traderjoe's picture

Monsanto and the other government masters are perfectly happy with the current arrangements, thank you very much. 

Tue, 02/01/2011 - 17:29 | 925190 Fearless Rick
Fearless Rick's picture

Bull. Pure and simple. These welfare mommas are so fucking lazy they don't cook, either. I see their carts full of TV dinners and other frozen foods like waffles, french fries, chicken niblets, etc., and let's not forget the generous helpings of soda, cheese doodles, chips, ice cream, cookies, candies and other healthy treats.

The loneliest man in the ghetto is the produce manager.

Tue, 02/01/2011 - 19:43 | 925675 ColonelCooper
ColonelCooper's picture

Agreed.  Truth's a bitch ain't it?  That's some kinda life we "help" these people lead.

Tue, 02/01/2011 - 23:43 | 926223 Cathartes Aura
Cathartes Aura's picture

gee, wonder why the welfare daddies don't cook for their kids?

Wed, 02/02/2011 - 00:22 | 926294 ThePhysicist
ThePhysicist's picture

Welfare parasites are sucking the life out of society.

Wed, 02/02/2011 - 17:50 | 928814 zenblkboi
zenblkboi's picture

i don't think that's just the welfare mommas,  that's every American momma.  No one in the country believes in eating healthy, not just the poor.

 

I just got on food stamps. I make so little with my fellowship in grad school that i get 200 bucks a month!!   And i buy mostly veggies, frozen pizzas, and red bull. IT's really helping me to finish this paper i'm trying to get published.

Tue, 02/01/2011 - 15:39 | 924722 EscapeKey
EscapeKey's picture

I can't believe a troll receives the most replies on this website. You're obviously very good at it.

Tue, 02/01/2011 - 16:18 | 924887 Sudden Debt
Sudden Debt's picture

He's doing it on purpose, nobody's that retarted ;)

Tue, 02/01/2011 - 16:43 | 924996 EscapeKey
EscapeKey's picture

Oh I know, but look through the posts - it's remarkable. Even when there's a handful of replies pointing out it's the fake one, there are still a couple froth-at-mouth kind of responses following! Impressive trolling skills!

Tue, 02/01/2011 - 23:59 | 926258 StychoKiller
StychoKiller's picture

Move over, Pavlov and B.F. Skinner! :>D

Tue, 02/01/2011 - 15:42 | 924731 Spastica Rex
Spastica Rex's picture

GODDAMMIT. It's getting hard to tell the Wangers apart without paying careful attention. I'm tempted to reflexively ignore any posts under an American flag. And that's just not fair to the original troll Harry. It's almost like Harry has LOST HIS OWN VOICE and is no longer relevant here.

Think of the children; think of Harry.

Tue, 02/01/2011 - 15:44 | 924742 RmcAZ
RmcAZ's picture

+1, I got Hamy'ed on this one.

Tue, 02/01/2011 - 15:54 | 924777 RockyRacoon
RockyRacoon's picture

When the actual posts are similar it gets difficult to tell them apart.

I just count the stars on the flags for clarity.

Tue, 02/01/2011 - 18:00 | 925318 NumberNone
NumberNone's picture

Hammy has diluted Harry...which I think is the intent.

Tue, 02/01/2011 - 16:42 | 924990 Calmyourself
Calmyourself's picture

Careful CD will stalk you if you get it wrong..

Tue, 02/01/2011 - 15:43 | 924738 glenlloyd
glenlloyd's picture

There's very little about this that's virtuous, and you're an idiot for suggesting that it is.

Tue, 02/01/2011 - 15:49 | 924766 jus_lite_reading
jus_lite_reading's picture

LOVE YOU!

Tue, 02/01/2011 - 15:52 | 924773 pods
pods's picture

No Hamy, a virtuous circle will be one that the rich make when the poor have them roasting on a spit.

Ummm, Long Pig, it's what's for dinner!

pods

Tue, 02/01/2011 - 16:04 | 924817 bbucks
bbucks's picture

Nope, I think we are heading to dow 20,000 by the end of the year since there will be a 30% increase in food stamp participation and a huge increase in unemployment.  Like Pelosi said, more money that the government gets into the hands of the starving masses via food stamps, welfare, unemployment checks, etc, the more this stimulates the economy and causes growth throughout the country. 

Tue, 02/01/2011 - 17:26 | 925173 LooseLee
LooseLee's picture

You are an immoral propaganda minister with a bullseye on your forehead!

Tue, 02/01/2011 - 19:55 | 925705 Don Birnam
Don Birnam's picture

36 junks for Hamy. Is this a ZH record for a single post ?

Tue, 02/01/2011 - 15:24 | 924654 What_Me_Worry
What_Me_Worry's picture

Obviously, food stamps are in a bubble.

You can't eat food stamps.

Tue, 02/01/2011 - 19:26 | 925628 MrPalladium
MrPalladium's picture

+1000 Too-frigging-shay!!!

Tue, 02/01/2011 - 15:25 | 924657 VisualCSharp
VisualCSharp's picture

Wealth effect, bitchez!

Tue, 02/01/2011 - 15:25 | 924660 nope-1004
nope-1004's picture

Ben, Timmay, and Oscama will hang one day.

But not until hyperinflation eats the common people first.  At that point, it's too late for the middle class.

Something needs to be done now, or just BTF-PM-Dip.

 

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