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US Foodstamp Usage Rises To New Record High

Tyler Durden's picture




 

While the 0.4% perfectly unmanipulated and totally coincidental swing in the unemployment rate in an Obama favorable direction one month before the election came at a prime time moment for the market, one hour ahead of the open, setting the market mood for the rest of the day (which despite all best efforts still closed red, valiant efforts by Simon Potter and the FRBNY's direct pipe to Citadel notwithstanding), there was one other, far more important data point released by the government's department of agriculture, sufficiently late after the market close to impact no risk assets. That data point of course was foodstamps (or the government's Supplemental Nutrition Assistance Program, aka SNAP), and we are confident that no readers will be surprised to learn that foodstamp usage for both persons and households, has jumped to a new all time record.

At 46,681,833 persons hooked on SNAP, the July number crossed the previous record posted a short month before, as the foodstamp curve continues 'plumbing' newer and greater heights each month.

More disturbing is that in the same month, the number of US households reliant on foodstamps rose by a whopping 99,493 to 22,541,744. Assuming a modest 2 persons per household, the increase means that more people went on Foodstamps in the month of July than found jobs (181,000 according to the latest revised NFP data). Furthermore, it appears that buying votes has become a tad more expensive in the past month. After the benefit per household dipped to a record low in April at just $275.81, this has since retraced some of its losses and is now at an inflationary $277.92. Oh well: inflation.

Adding the number of disability recipients in the month of July, which in that month rose by 20,474, and one can see why the government is quite happy with dumping this particular release long after everyone was on their way back home for the weekend.

Finally, and putting it all into perspective, since December 2007, or the start of the Great Depression ver 2.0, the number of jobs lost is 4.5 million, while those added to foodstamps and disability rolls, has increased by a unprecedented 21 million. Oh and about $7 or $8 trillion in debt. Who's counting really.

And this is the real and only key economic statistic of today that nobody wants to talk about, because it is equally the fault of both parties.

Total foodstamp recipient persons:

Total foodstamp recipient households and benefits per household.

Putting it all into perspective: Jobs versus Foodstamps/Disability:


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Fri, 10/05/2012 - 18:29 | 2861317 becky quick and...
becky quick and her beautiful mouth's picture

everybody in cleveland got obama phone! keep obama in president, you know!

Fri, 10/05/2012 - 18:35 | 2861338 ACP
ACP's picture

You know!

The Taiwanese view:

http://www.youtube.com/watch?v=iNhUI8ktHuw

 

Fri, 10/05/2012 - 18:43 | 2861362 NotApplicable
NotApplicable's picture

Though no fan of Mittens, that was hilarious. Especially when he went after Lehrer.

Fri, 10/05/2012 - 18:54 | 2861396 Cursive
Cursive's picture

@NotApplicable

Very provactive of Mittens to start a thought experiment that at least half of Jim Lehrer's paycheck is signed by the ChiComms.  Too bad Mittens then pussied out and said "I'm sorry" and "I like you."  If you're gonna be a badass, be a badass and don't diminish manly statements with the I'm sorry bullshit.

Fri, 10/05/2012 - 18:59 | 2861422 NotApplicable
NotApplicable's picture

Too many female voters to play the bad-ass card.

Metrosexuals, FTW.

Fri, 10/05/2012 - 19:23 | 2861471 TuesdayBen
TuesdayBen's picture

Forward! To a New Way. A New Order. A New Society. A Bold New World. The past is done, failed. Onward. No Going Back. Stick with Obama, and you'll not go hungry. Your comrade will not get ahead, and you will thus not be left behind. There will be nothing to fear, no anxiety. You, all, will be taken care of.

Fri, 10/05/2012 - 19:24 | 2861492 The Shootist
The Shootist's picture

I love that slogan -Vorwarts meine Volk! Achtung Konservatives!

Fri, 10/05/2012 - 21:41 | 2861918 krispkritter
krispkritter's picture

Not sure Ann Barnhardt is feeling 'it' for Obama...daaaaaaaammmn.

https://westernrifleshooters.wordpress.com/2012/10/04/barnhardt-truly-scary/#comments

Fri, 10/05/2012 - 22:49 | 2862041 markmotive
markmotive's picture

It's all good. Millions of engineers, computer programmers, business grads, historians, etc. have chosen to flip burgers to keep the American machine going.

No foodstamps for them. Oh wait, probably foodstamps for them too.

Look on the bright side...at least you don't live in Russia.

http://www.planbeconomics.com/2012/10/04/children-of-leningradsky/

Fri, 10/05/2012 - 23:19 | 2862096 Dalago
Dalago's picture

But...but guys... unemployment went down to 7.8%!    What gives?

Sat, 10/06/2012 - 00:07 | 2862154 economics9698
economics9698's picture

Females like it hard, they voted Hitler into office.

Sat, 10/06/2012 - 00:31 | 2862182 Harbanger
Harbanger's picture

I never thought of that....That's pretty fcked up.   A quick search says you may be right.

Sat, 10/06/2012 - 01:55 | 2862264 Oh regional Indian
Oh regional Indian's picture

Come into my parlor said the spider to the fly.

So that, in the full-ness of things and definitely NOT your belly, I may ground you.

Apace, here in Industan, the race is on to get every one "voluntarily" bio-metric id-d so that THEY can also be strung into the food-line, where shit that can and will make them sick is served to them as a favour.

Global Gulag Goulash...

yummm.

ori

Sat, 10/06/2012 - 05:40 | 2862366 The Alarmist
The Alarmist's picture

Nah, this is a nothing statistic ... everyone knows that the people on food stamps need food stamps and will die without food stamps, so only cold-hearted types like Romney would suggest that more people on food stamps is a problem.

As for the Obamaphone, I would be surprised if it didn't turn out to be a very effective "get out the vote" tool on election day.

TEXT:  "It's election day.  If you don't vote at 123 Main Street, Anytown USA, your phone and data services will be terminated.  Have a nice day."

Sat, 10/06/2012 - 08:27 | 2862465 nmewn
nmewn's picture

Fixed it for ya ;-)

TEXT: "It's November 7, election day. If you don't vote at 123 Main Street, Anytown USA, your phone and data services will be terminated. Have a nice day."

Sat, 10/06/2012 - 08:58 | 2862483 GetZeeGold
GetZeeGold's picture

 

 

Party like it's Nov 6th.

 

Sat, 10/06/2012 - 13:22 | 2862924 economicminor
economicminor's picture

take away the food stamps and end up with riots like the middle east which started over aceess to food...

 

This is just an indicator of how America isn't working for the majority. The rich are doing better than ever yet the masses are left with circuses and food give aways...

 

And Nero fiddles as Rome burns.

 

 

Sun, 10/07/2012 - 05:29 | 2864148 The Alarmist
The Alarmist's picture

Actually its an unwitting conspiracy of the poor and a knowing conspiracy of the ver rich against the middle and moderately rich.

You know, this whole experiment with increasing liberty and property rights kicked off with the black plague of the middle ages, and is only roughly 900 years old, so actually it is an anomoly in a longer history of tyranny, oppression, serfdom and slavery for the masses.  We should stop resisting it and go back to our plows and be grateful for what our overlords allow us to keep.

Sat, 10/06/2012 - 13:22 | 2862925 economicminor
economicminor's picture

take away the food stamps and end up with riots like the middle east which started over aceess to food...

 

This is just an indicator of how America isn't working for the majority. The rich are doing better than ever yet the masses are left with circuses and food give aways...

 

And Nero fiddles as Rome burns.

 

 

Fri, 10/05/2012 - 23:05 | 2862073 TuesdayBen
TuesdayBen's picture

Sheesh!

Fri, 10/05/2012 - 22:45 | 2862034 wee-weed up
wee-weed up's picture

Yep, food stamps & SSDI are the best vote buyers ever!

Fri, 10/05/2012 - 19:24 | 2861497 Cursive
Cursive's picture

@NotApplicable

Well played.  Never put the word association together, but Mittens is the Metrosexual candidate.

Fri, 10/05/2012 - 20:10 | 2861673 SILVERGEDDON
SILVERGEDDON's picture

Mittens will play the food stamp game just as well, if not better. Power and control. Throw the plebes some bread and circuses while you and your buddies loot the treasury, debase the currency, sell off the entire fucking country, and create a war to cover it all up with. Worked for the Romans. For a while. Mittens and Obammie - the two tone minstrel song and dance act, pleasing TPTB for the forseeable future. Next step, free Fema camps, with big ovens, and lots of soap and green crackers ! Coming soon to a neighborhood near you ! The only people that are getting fucked right up the ass with the toe of a boot are " The American People ". After they vote first, of course.

Fri, 10/05/2012 - 21:50 | 2861933 cynicalskeptic
cynicalskeptic's picture

Romeny will just be a bit more blatant in feeding his friends at the trough... Pentagon will get billions thrown at it- whether needed or not (after all it goes to the CONTRACTORS, not the troops).  I'll be surprised if he's elected because he'll galvanize the masses - you'll have real rioting in the streets insteead of lame OWS demonstrations.  

BOTH parties play the same game - but Obama has just been a bit better at keeping the masses diverted and pacified... all that 'Hope and Change' - keep your eyes over here while they're looting over there...   all the 'socialist' BS is to make the masses feel like Obama is on 'their' side even though trillions have gone to he banks and Wall Street - same people in charge of financial affairs,serving the banks, same people running the wars..... NOBODY prosecuted for financial or war crimes   THAT won't happen under either party but both parties will; make sure there's no viable third choice or any fundamental change to the current $$$ buys influence system.

Trillions will go to the big boys until the Treasury is empty (or rather until the pyramid scheme falls apart) while bread and circuses will continue to keep the masses from rioting. Expect another war to keep atttention focused elsewhere, away from the economic implosion.  We're looking at a rerun of Rome's decline - alternating buffoons and aspiring tyrants in charge with horses in the Senate, while the edges of the Empire crumble - the barbarians aren't so afraid anymore and feel like Rome is more a parasite than civilizer.

Fri, 10/05/2012 - 22:20 | 2861991 HappyCamper
HappyCamper's picture

foodstamp usage for both persons and households, has jumped to a new all time record.

But, but, but....

This is "moving forward", isn't it?

Sat, 10/06/2012 - 09:01 | 2862485 GetZeeGold
GetZeeGold's picture

 

 

 

Which way is forward again?

 

Fri, 10/05/2012 - 20:16 | 2861686 Rogue Trooper
Rogue Trooper's picture

Watching the debate... I sensed a longing and degree of sexual tension between both candidates.  The eye contact and body language said it all at the beginning and end of the debate - after the hard stuff was all outta the way.... could be wrong, just sayin'.

A question are Mormons allowed to be 'bat for either team?'

Sat, 10/06/2012 - 00:34 | 2862187 Buckaroo Banzai
Buckaroo Banzai's picture

I don't know about Romney, but in Chicago, Obama is a well-known homosexual.

Sat, 10/06/2012 - 07:47 | 2862439 BidnessMan
BidnessMan's picture

Being married to Michelle might do that

Sat, 10/06/2012 - 09:04 | 2862486 GetZeeGold
GetZeeGold's picture

 

 

Being married to Michelle means your gonna have to shell out a lot of hard cash on accessories.

 

She's gotta look good while she's pretending to work in the soup kitchen.

 

 

Sat, 10/06/2012 - 10:18 | 2862581 Gully Foyle
Gully Foyle's picture

Rogue Trooper

Dude check out Big Love.

Bill had THREE wives and wanted a FOURTH.

Of course his family believed in the principle and Bill was low in the wife count.

Any way I am of the opinion that Big Love was designed to pave the way and humanize Romney or at least Mormons.


Sat, 10/06/2012 - 10:23 | 2862594 GetZeeGold
GetZeeGold's picture

 

 

We took care of the Catholics with one round.....we haven't heard a damn thing from the Mormons since.

Sat, 10/06/2012 - 10:22 | 2861680 Gully Foyle
Gully Foyle's picture

NotApplicable

http://www.theonion.com/articles/mitt-romney-adopts-new-ronnie-ferocious...

 

Mitt Romney Adopts New ‘Ronnie Ferocious’ Persona For Debates

DENVER—Saying that he wasn’t going to take any shit tonight and that the debate podiums “looked just as fucking lame as all the dressed-up suits in this godforsaken hellhole of a room,” Republican presidential candidate Mitt Romney appeared tonight at the University of Denver’s Magness Arena as Ronnie Ferocious, the aggressive, no-rules punk-rock persona he has reportedly adopted for his three debates against President Barack Obama.

Wearing a sleeveless cutoff suit jacket, tight leather pants, and a blue tie knotted around his head of spiky, red-white-and-blue-streaked hair, Romney swaggered on stage, took his position beside Obama, and ordered debate moderator Jim Lehrer to “fucking do this already.”

“You know what? I’ll ask the first question,” the former Massachusetts governor said before putting out his cigarette on his forearm and flicking the butt at Lehrer. “What kind of little shit show do we have here this evening, folks? That’s my question. Because from where I’m standing, seems like a big ol’ shit show. And Lehrer, shut your fat mouth when Ronnie Ferocious is talking, or I’ll pound your goddamn face in.”

“As for you, Mr. President, you can wipe that smug grin off your face or I can do it for you,” he added before sticking out his diamond-pierced tongue and wagging it at everyone in the auditorium. “I don’t need any of that ‘Forward’ shit from you tonight.”

After he signaled sound technicians to cut the Dead Kennedys' track blasting from the speakers and kissed his large bald eagle tattoo, Romney proceeded to offer his opening remarks on domestic policy, a low 45-second moan that turned into a high-pitched howl, which political analysts speculate may have been about health care, discretionary spending and entitlements, gay marriage, the Dream Act, or some kind of food or taxes.

 

( Oh for fucks sake who downvotes the Onion?)

Fri, 10/05/2012 - 23:18 | 2862092 SAT 800
SAT 800's picture

False. A female will take a badd ass every day over a wimpl females are programmed to pick men who will stick and stay and make it pay; and feed those children. Look up your psychology.

Sat, 10/06/2012 - 02:12 | 2862276 Harbanger
Harbanger's picture

I'm not so sure dude.  Maybe when times were harder.  My observation of chicks, especially the 20-30 yr olds is that they go out with guys that are almost physically smaller than them.  And not even that handsome.  They almost pick guys they can boss around.

Sat, 10/06/2012 - 10:20 | 2862589 Gully Foyle
Gully Foyle's picture

Harbanger

Dude, have you seen what those young women have to choose from?

Not a lot of "manly men" in the younger crowd.

Not a lot of strong Heterosexuality in there either.

The kind of men who used to be humorous stereotypes until 2000 are now the norm.

Fuck we are doomed.


Fri, 10/05/2012 - 18:49 | 2861381 DCFusor
DCFusor's picture

Yeah, plus 1 hilarious.

Fri, 10/05/2012 - 19:03 | 2861430 max2205
max2205's picture

UI+snap= IPhone

Fri, 10/05/2012 - 18:59 | 2861412 Ham-bone
Ham-bone's picture

Fucking awesome...hilarious.  Thank god for the Taiwanese pulling me back from the dumps.  I'm officially ready for "mancamp" camping this weekend where we get to Eastern Oregon for some good shooting, drinking, scratching, farting, and bullshitting.  Sort of like practicing for the Kevin Costners "The Postman"...

Fri, 10/05/2012 - 19:59 | 2861633 drink or die
drink or die's picture

We do it on Mt Hood in December.  It's not manly enough unless you are miserable the whole time and there is a possibility of death.

Fri, 10/05/2012 - 19:08 | 2861447 slaughterer
Sat, 10/06/2012 - 09:10 | 2862490 GetZeeGold
GetZeeGold's picture

 

 

 

I'm conservative.....I hate those damn Republicans.

Fri, 10/05/2012 - 19:59 | 2861634 Rogue Trooper
Rogue Trooper's picture

Epic ACP... LOL

I suggest Mitts counter the 'Obamaphone' with a 'free' Hewlett Packard (80's) HP12-C.

The 'Romneycalculator' would appeal to his sheeple base.  However, with all the new math around I doubt RPN would be a winner.... still worth a shot!

Target the 53%! Only a taxpayer can apply ... subsidised by the taxpayer, but errr free (?).

Obama/Romney 2013 Ticket....

Fri, 10/05/2012 - 21:56 | 2861950 cynicalskeptic
cynicalskeptic's picture

The masses can barely do basic math - can't figure out change if the register doesn't tell them what it should be.  

Even HP started making conventional calculators  because RPN confused so many people (though it's simpler system)  -  Reverse Polish Notation ?!?!?  what's that - some kind of freaky sexual position    

Fri, 10/05/2012 - 20:19 | 2861676 blunderdog
blunderdog's picture

Koreans understand teevee SOOO much better than Americans.

(Check it out: the surfer chick at the end is a goofyfoot.)

EDIT: Nevermind, no she's not.  Still, props to Psy for inventing a good dance for the Romneybot.

Sat, 10/06/2012 - 06:30 | 2862388 BattlegroundEur...
BattlegroundEurope2011's picture

Its Taiwanese ;)

Sat, 10/06/2012 - 13:25 | 2862928 blunderdog
blunderdog's picture

So even the Taiwanese love Gangnam Style!  How cool is that?

Fri, 10/05/2012 - 18:40 | 2861350 Ineverslice
Ineverslice's picture

 

 + 46,700,000 !

Fri, 10/05/2012 - 18:43 | 2861363 ACP
ACP's picture

No that's next month, right before the election.

Fri, 10/05/2012 - 22:24 | 2861999 dark pools of soros
dark pools of soros's picture

does it really matter??  the cost is ~ $6 billion a month for these..  say we just give the avg $133 to ALL Americans??  then it jumps to only $41 billion a month

isn't Ben printing that each month anyway??

 

 

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