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Foodstamps Surge By Most In One Year To New All Time Record, In Delayed Release

Tyler Durden's picture





 

While there had been speculation that the BLS may delay the release of its October nonfarm payroll number until after the election, it turned out there was no reason to worry. Perhaps this is because the number, while at stall speed, was not quite as horrible as some had expected (even if the change in average hourly earnings did tumble to new all time lows) and so boosted Obama's reelection chances. There was, however, another closely tracked number which perhaps is far more indicative of the economic "growth" in the past 4 years, which certainly had a delayed release. The number of course is that showing how many Americans are on foodstamps, and usually is released at the end of the month, or the first day or two of the next month. This time the USDA delayed its release nine days past the semi-official deadline, far past the election, and until Friday night to report August foodstamp data. One glance at the number reveals why: at 47.1 million, this was not only a new all time record, but the monthly increase of 420,947 from July was the biggest monthly increase in one year. One can see why a reported surge in foodstamps ahead of the elections is something the USDA, and the administration may not have been too keen on disclosing.

Foodstamps at the household level also rose to a record 22.685 million:

Finally, going back to the start of the official start of the depression in December 2007. In the 57 months from then until August 2012, there have been 4.6 million jobs lost even as Americans on foodstamps and disability have risen by 21.2 million.

And the same shown on a monthly basis:

Delay explained.

Source: USDA and SSA

 


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Sat, 11/10/2012 - 18:26 | Link to Comment dark pools of soros
dark pools of soros's picture

the poor is just the straw that corporations suck your tax dollars through

Sat, 11/10/2012 - 19:00 | Link to Comment Cathartes Aura
Cathartes Aura's picture

nice one.

good to see a few here do get it. . .

Sat, 11/10/2012 - 17:33 | Link to Comment real
real's picture

all laws over looked as the corporations needed to dilute the labor force So many immigrant fat lazy woman come here and pop out babies knowing its so easy to get these damn food stamps. and as they stand on line in the food stores they talk on there cell phones.  I know many who pop out babies for security and more state money.  why the hell is this allowed to go on?  oh !  i forgot, to dilute the price of labor

Sat, 11/10/2012 - 17:38 | Link to Comment spooz
spooz's picture

Racist cretin.  Guess ur momma dropped u on ur head.

Sat, 11/10/2012 - 17:48 | Link to Comment real
real's picture

 their effect on the labor force. all brought on by the laws being over looked for what purpose then you tell me why so many Latinos are here. its a fact that much of the increase in food stamps is the influx of illegal immigrants and the desires of ..... who?

Sat, 11/10/2012 - 19:04 | Link to Comment Cathartes Aura
Cathartes Aura's picture

cannon fodder, cretin.

did you know the military gives citizenship for service?

not to mention the burr up yer asses that helps keep the hatred flowing laterally.

game's as old as the history of man, they thank you for playing. . .

Sat, 11/10/2012 - 17:34 | Link to Comment steveo77
steveo77's picture

http://www.japantimes.co.jp/text/nb20121103d1.html

 

Kissinger is one of the most powerful Bilberbergs

 

He is a trustee at this group that is forcing Japan to remain nuclear.    

 

This is how deep the rabbit hole goes.

Sat, 11/10/2012 - 18:24 | Link to Comment debtor of last ...
debtor of last resort's picture

Foodstamps is a result of crony capitalism. Crony capitalism is the same as communism: it benefits fewer people as long as it exists. Real capitalism will destroy the finite planet. Next please, growth is so 1800.

Sat, 11/10/2012 - 19:09 | Link to Comment spooz
spooz's picture

Who exactly are the cronies connected to food stamps?  I think you need to look up what it means and, basically, do a lot more reading.

Sat, 11/10/2012 - 19:31 | Link to Comment All Out Of Bubblegum
All Out Of Bubblegum's picture

JPM issues half the EBT cards in America. There's your crony capitalism.

Sat, 11/10/2012 - 19:55 | Link to Comment spooz
spooz's picture

Right, who needs JPM to distribute food stamps? Actually, I posted a link on that below.  Totally agree they should not be profiting off the misery of the poor. I still don't agree that "food stamps are a result of crony capitalism".  Cronies might have attached themselves to it, but it didn't start there.

For instance, Big Ag, who get 20% of the farm bill funds, benefits greatly from having the popular SNAP program attached to their crop insurance handout. Why does SNAP funding have to have a corporate tag-along?

"Unlike crop subsidies, crop insurance has no strings attached. Formerly, to get a subsidy, a landowner had to comply with basic conservation measures — for instance, they weren’t allowed to plant on highly erodible soils or drain low-lying wetlands. By contrast, government-subsidized crop insurance is actually fueling an expansion of commodity cropping on millions of acres formerly considered marginally productive. It doesn’t matter that this depletes resources and destroys habitats; taxpayers will pick up the tab even if farmers fail to harvest or turn a profit from their crops. Conservation requirements benefit growers and the public alike by preventing soil erosion, filtering water, and providing natural habitat. A serious Farm Bill would not give a single penny to crop insurance programs without requiring conservation compliance from its beneficiaries. Ultimately, all subsidy programs should once again be oriented around environmental stewardship."

http://www.mitchellrepublic.com/event/article/id/72328/

 

Sat, 11/10/2012 - 20:33 | Link to Comment batterycharged
batterycharged's picture

JPM isn't the only one to benefit.

Food stamps give ppl $200 per month per person. If you're poor or even low income, $200 is a bounty.

So instead of paying $75 for groceries, the local food mart is getting an ADDITIONAL $125 out of customers.

They put $1 on EBT cards in Michigan. The cost to extract that? $1 ATM fee.

You have to love it, blame the poor for being moochers while JPM and corps take all the money.

Sat, 11/10/2012 - 21:22 | Link to Comment Cathartes Aura
Cathartes Aura's picture

type "USBank ReliaCard benefits" into your fave search engine, see yet another bank profiting from the various "benefits"  - no doubt they've an interesting "fee schedule" to skim even more off the top. . .

Sat, 11/10/2012 - 22:18 | Link to Comment spooz
spooz's picture

Actually, the US average is $133 per month for SNAP, not $200. Are you from Hawaii?

http://www.statehealthfacts.org/comparetable.jsp?cat=1&ind=26

Sat, 11/10/2012 - 21:04 | Link to Comment goat
goat's picture

JPM, for one (Crony capitalist feeding off SNAP) .

Sat, 11/10/2012 - 18:36 | Link to Comment Dre4dwolf
Dre4dwolf's picture

Who cares, most of the food is made out of corn, we are burning the "extra" corn anyway.

You litterally need less than 5000 people working to feed every American in the country if food was just "free".

 

At this point, everything should just be free, theres no point in competing anymore, theres no way a mom-and-pop shop is ever going to get as big as

Wal-Mart

Best-Buy

Home-Depot

Lowes

Sprint-Verizon-Att

Exxon

Bp

 

Because as soon as they even remotely become a competitor they will either be brought to court by their competitor and bankrupted, sabatoged somehow, or simply boughtout.

 

When you give a bunch of over-grown corporations a blank check from the tax-payers, theres no point those corporations might as well just give out free crap to the taxpayers because they are essentially bought and paid for already 10x times over.

 

All these corporations are dependent on consumerism / bailouts if the cash stops flowing for just 1 month half of them would go under over-night.

Sat, 11/10/2012 - 20:31 | Link to Comment kaiserhoff
kaiserhoff's picture

Spoiled child idiot.

Sat, 11/10/2012 - 20:47 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

What the smaller companies need to do is what small grocers did in the 50s; form co-ops of individual owners. In my area, there is a chain of supermarkets called "Shop-Rite". It is a very interesting business model. Each store is independently owned and operated, but the owners pool their buying power into a parent company called "Wakefern". Wakefern does all of the buying and the individual stores buy from Wakefern. If I am not mistaken, only the individual owners hold stock in the parent company. Unlike a franchise, individual owners have the freedom to operate their stores in ways that best serve their communities. Their only real ties to the parent company is supply chain. To give you an idea of their competitiveness, in the town I live in, one of those "Super" Walmarts opened up. A Shop-Rite owner is currently building a new Shop-Rite directly across the street.

Now, whether a model like this can exist and be successful in other industries is open for debate.

 

http://wakefern.shoprite.com/about-us/

Sat, 11/10/2012 - 21:28 | Link to Comment Cathartes Aura
Cathartes Aura's picture

WA, ID, MT & OR have a similar thing going in Harvest Foods, an alternative of sorts to the Safeways, Albertsons, et al.

http://www.harvestfoodsnw.com/harvestfoods/company.jsp

Sun, 11/11/2012 - 08:18 | Link to Comment Floodmaster
Floodmaster's picture

The right place at the right time...

->You litterally need less than 5000 people working to feed every American in the country if food was just "free".

 Technological progress will bring more fake government/military jobs and income tax.

Sat, 11/10/2012 - 18:52 | Link to Comment Whoa Dammit
Whoa Dammit's picture

 .

Sat, 11/10/2012 - 20:00 | Link to Comment batterycharged
batterycharged's picture

What's really scary is that the state of Michigan in the last year had clamped down on food stamps.

Before you just had to have no income (or little income), this last year they added the caveat of not having more than $5000 in the bank and not having a car worth more than $15000.

It didn't make a dent. And it's increasing.

Sat, 11/10/2012 - 20:16 | Link to Comment realtick
realtick's picture

Architects Of Control - The War On Consciousness http://chartistfriendfrompittsburgh.blogspot.com/2012/11/architects-of-c...

Sat, 11/10/2012 - 20:32 | Link to Comment surf0766
surf0766's picture

How many other items of interst have been withheld from the voting public?

Sat, 11/10/2012 - 20:35 | Link to Comment Quarky Gluon
Quarky Gluon's picture

Let's be clear though that food stamps are not a form of wealth redistribution but are in fact just the opposite -- food stamps are the old ancient Roman trick of bread and circuses as sucor and distraction for the masses to keep the masses from demanding true wealth redistribution. 

Sat, 11/10/2012 - 20:49 | Link to Comment Freewheelin Franklin
Freewheelin Franklin's picture

Appeasement.

Sat, 11/10/2012 - 22:53 | Link to Comment spooz
spooz's picture

Right.  That extra $150 a month adds so much to those less than $1000 a month gross incomes.  Good times.

Sun, 11/11/2012 - 11:25 | Link to Comment Common_Cents22
Common_Cents22's picture

food stamps avoid riots, except that the poor riot and burn their own neighborhoods down.   free birth control to anyone on welfare and foodstamps!!!

a big tax deduction/credit to any college educated/gainfully employed family for having kids.

Sat, 11/10/2012 - 20:53 | Link to Comment surf0766
surf0766's picture

50 years of the war on poverty and this is what they call fixed !

 

Sun, 11/11/2012 - 03:06 | Link to Comment newengland
newengland's picture

It is the Orewellian world:

War is peace.

This is the AshkeNAZI New World Order, dumkopf :-)

They pay a lot of lawyers, ad men and PRs to tell everyone that debt slavery is good.

Sun, 11/11/2012 - 05:27 | Link to Comment Incubus
Incubus's picture

Tell me, when in the history civilization has man ever been free?

 

All we see is the shifting face of normal.  All they do is get better at making us love our slavery.

Sat, 11/10/2012 - 21:50 | Link to Comment toomanyfakecons...
toomanyfakeconservatives's picture

Foodstamps Surge By Most In One Year To New All Time Record, In Delayed Release

The founding fathers would be pissed at that things have gone this far.

Sun, 11/11/2012 - 08:02 | Link to Comment Diesel Seven
Diesel Seven's picture

Ok, I'm nominating this post for "understatement of the month".

Sat, 11/10/2012 - 22:55 | Link to Comment uno
uno's picture

my brother just got foodstamps after being in fed prison for 5 years for being a mental nutcase, times are sooooo good

Sat, 11/10/2012 - 23:22 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

I understand the overwhelming majority of the new food stamp programs enrollees are from the red states.

http://www.unionleader.com/article/20120928/NEWS06/709289897

 

Sun, 11/11/2012 - 00:21 | Link to Comment blindman
blindman's picture

is it really food?
and are they really stamps
/?

Sun, 11/11/2012 - 00:29 | Link to Comment Incubus
Incubus's picture

How about we remove alabama, mississippi, and arkansas from the united states and give them to canada or mexico?

Those states are a fucking drag on the overall condition of the nation.

 

Sun, 11/11/2012 - 00:52 | Link to Comment potlatch
potlatch's picture

in Cleveland you can get your SNAP card customized by an inkpen artist down on the street a few blocks over.  I'm gonna get mine done real simple, solid white, but the Zero Hedge symbol and motto nicely centered.  You know how we do here in Cleveland.  Presidential elections, bitches.  They iz ours now, thnx.  And yes I do have my phone, wtf.  Come to Cleveland you so jealous then.

 

 

Sun, 11/11/2012 - 02:38 | Link to Comment HurricaneMoney
HurricaneMoney's picture

I am so happy for all the poor people! As I watch all the( I got an Obama phone)

 people jump for joy, and dance in the streets as there king was re-elected. They

will never go hungry again now that the food stamp king has saved them. It sure does

 bring a smile to my face. Now I can eat my nice juicy steaks at 5 star restaurants ,

and take 5 star vacations without any guilt as I now know the best is yet to come for

 them as Obama said the other day.And being the compassionate person I am, I

 printed up some business cards, with the white house help desk number on it to give to

 the poor, or any organization that request or beg for donations.(The poor now have Obama

phones to use in an emergency) I am so happy and proud that socialism has finally taken

 hold, Look at how long it took to get here. Seeing So many people happy that they don't have

 to work, and still live a middle class life style, was worth the wait.  Amerika is Great!

 

 

 

 

Sun, 11/11/2012 - 03:01 | Link to Comment harleyjohn45
harleyjohn45's picture

Two days ago, in Roswell, NM, I saw a sign at a Murphey oil company gas station advertising the accept EBT cards for gasoline.  Is america sweet or what.

Sun, 11/11/2012 - 02:59 | Link to Comment newengland
newengland's picture

Who profits most from food stamps? JP Morgan which issues them, and their corporatist pets in DC, and the AshkeNAZI who devised this central plan.

Mon, 11/12/2012 - 11:41 | Link to Comment earnyermoney
earnyermoney's picture

Heard a presentation state that Groceries were the highest margin items for Walmart. There's a reason Walmart wrote a large check to food stamp Barry.

Sun, 11/11/2012 - 06:29 | Link to Comment myptofvu
myptofvu's picture

Is the number 47.1 million the number of households or of people?

Sun, 11/11/2012 - 09:35 | Link to Comment JuicedGamma
JuicedGamma's picture

" at the household level also rose to a record 22.685 million:"

After the first chart.

Sun, 11/11/2012 - 07:57 | Link to Comment Diesel Seven
Diesel Seven's picture

Public service announcement: If you are on food stamps, you are also eligible for your choice of an LG or Samsung mobile phone with 250 minutes per month--for freeeeeee!!!! Get yours now while the working middle class can still afford to pay their phone bills, which provide the money for this outstanding benefit.

Sun, 11/11/2012 - 11:37 | Link to Comment spooz
spooz's picture

Another bit of misinformation that should really stop.  I know its hard not to repeat those soundbites you hear, but you really should research a bit. I assume you got your information from someone who based it on a video that made the rounds a while back.

"The federal program wasn’t started by President Obama. It dates back to 1996, as part of the Telecommunications Act of 1996. The Act did a number of things, including increasing internet access to doctors and patients in rural hospitals (for consults with specialists); subsidizing internet and phone coverage for schools and libraries and providing free or subsidized coverage for families who can’t afford it so that they have links to emergency and government services. The Act was not taxpayer funded… exactly. Taxpayers do pay for coverage but not via federal income taxes. Instead, the Act “mandated the creation of the universal service fund (USF) into which all telecommunications providers are required to contribute a percentage of their interstate and international end-user telecommunications revenues.” So that little fee on your phone bill labeled USF? That’s what you’re paying for.

...

The bottom line is that there is free phone assistance available to those who qualify but it is not an Obama administration program. Taxpayers do support the program but not through federal income taxes. And despite the screaming lady in the video, eligibility doesn’t hinge on Social Security, disability or food stamps; there’s no “buy one bag of chips, get an Obama phone free” promotion. Just because a woman holding a sign gets a microphone in her face doesn’t make her statements true."

Of course, the Republicans are trying to take that away.  Gotta make those cuts somewhere, can't touch those corporate subsidies...

http://www.forbes.com/sites/kellyphillipserb/2012/09/28/crazy-for-obama-...

 

 

 

Sun, 11/11/2012 - 08:09 | Link to Comment Diesel Seven
Diesel Seven's picture

Next time you go to a Walmart or Costco, be a little more friendly to the "associate" checking you out. While they are working at $9-$11/hr, they see first-hand how socialist we've become. Their efforts to be self-reliant provide little incremental value over being a ward of the state.

Sun, 11/11/2012 - 11:40 | Link to Comment spooz
spooz's picture

A lot of those Walmart workers are getting government aid along with a lot of other working poor.  This, in effect, is a huge subsidy for Walmart. After all, we have workfare laws and trying to survive outside the system has a good chance of landing you in jail.

"Wal-Mart purposefully underpays and under employs its workers, reaps the high profits of doing so, and then profits a second time as employees (and others crushed by the economy that the Wal-Marts of the world sunk) spend their welfare dollars. Talk about having your cake and eating it too! It's almost like maybe we should get off our collective rears and do something about this."

Read more: http://www.benzinga.com/news/12/07/2738503/wal-mart-americas-true-welfare-queen#ixzz2BvWAK8Xw

The lucky ones who score the Costco job will get an average of $17 an hour compared to Walmart's $11.75. Costco also offers part time employees insurance coverage after six months compared to Walmart's two year waiting period. 85% of Costco workers take advantage of that, compared to less than half at Walmart. Too bad there are more Walmart type employers than Costco ones.  It would cost us much less in safety net to subsidize the lousy wages and would help to reduce child poverty.

Sun, 11/11/2012 - 15:36 | Link to Comment jplotinus
jplotinus's picture

Vote up!
10
Vote down!
-1
"...that form of welfare carries no stigma here at good ol' ZH!"

WTF?"

Wait bitchez,

Neither "WTF" nor 10 ups is a proper rebuttal of the claim that $trillions in bail outs for the TBTF fail banks, now supplemented with $40billion/mo., without end, has no stigma attached to that form if "FREE STUFF" writ large here at ZH.

The proper way to challenge that claim of no ZH stigma would be to provide a few links to analogous threads.

The characteristics of such links, to be properly analogous, would include some or all of the following ingredients:

1--a thread with 50,000 looks and over 300 posts.
2--threads ridiculing, demonizing, lambasting, putting down the receipients of that $trillions in largesse.
3--posts calling attention to the vote and donation inclination of the receipients of that largesse.
4--claims that the expenditure of $trillions was adding to the burden the rest of us have to bear.
5--labeling the bankstas are "takers and not makers" made in all sorts of creative ways, and thematic variation, six ways to Sunday.
6--snide references to the demographics of those receiving that largesse.
7--detailed examples of how bankstas got the free stuff even when they didn't deserve it.
8--claims the bankstas are lazy and prone to gaming the system.
9--multitudinous comments on how access to unlimited $trillions served as a disincentive to real work.
10-demonstration in jokes and put downs on just how bad this outlandish giveaway program makes posters feel.
11-threats against the bankstas.
12-castigation of the political supporters of the bankstas.
13-post after post on how that largesse is destroying America.
14-dire predictions of collapse, apocalypse and other bad outcomes.

So, bitchez, please consider taking a little time out from haranguing food stamps, and show us where the same degree of anger is to be found in a comparable ZH thread directed towards bail outs as a form of free stuff.

I will acknowledge ZH is not happy with the bank bailout culture and sometimes calls attention to it. But, there seems to be a greater degree of acceptance of that form of free stuff. That is odd, in my opinion, as the amount of largesse, free stuff, passes and looks the other way received by bankstas dwarfs food stamp largesse by several orders of magnitude.
And, none of them have been put in jail as a result of their fraud that caused this greater depression, job loss that results in the need for food stamps.

Look, bitchez, there is a serious imbalance here. Are you sheep?

Blessings

Sun, 11/11/2012 - 13:38 | Link to Comment Iambic PentaMaster
Iambic PentaMaster's picture

Saw this coming; into gold.

 

PUH-LEAZE keep printing, Timmy 'Turbo-Tax' Cheat Geithner and BenjamInflation Bernanke!!!

Sun, 11/11/2012 - 13:52 | Link to Comment jplotinus
jplotinus's picture

Post up of a partial list of companies announcing post- election layoffs is much appreciated for the information of possible illegal activity it reveals. It is also appreciated for the boycott and labor organizing possibilities it enables.

It might be good political theatre to link layoffs to an election outcome, but, capitalists, if your ideology permits vindictive job destruction, in addition to unfettered outsourcing, then you need to cease immediately from claiming capitalism creates jobs.

It willy nilly destroys them; and, for that, it deserves to be castigated and dismissed, categorically.

Boycott, labor organizing and grand jury targets:

Sat, 11/10/2012 - 12:06 | 2967746nmewn

Vote up!
2
Vote down!
0
More than just Boeing my friend...a partial list...

Energizer -

The St. Louis-based company said Thursday that it expects to shed about 1,500 employees. When finished, the restructuring should lead to $200 million in pretax yearly savings, Energizer said. It aims to have most of its restructuring steps finished by the end of September 2014.
• Westinghouse -

Westinghouse Anniston, the contractor responsible for shutting down Anniston’s chemical weapons incinerator, has reduced its workforce by another 50 employees.
• Research in Motion Limited -

Research in Motion Ltd., the maker of BlackBerry smartphones, laid off about 200 people at its U.S. headquarters in Irving on Wednesday, according to a source close to the company who did not want to be named.
• Lightyear Network Solutions -

More than one dozen employees at a Pikeville company lost their jobs this week. Officials with Lightyear Network Solutions said they are consolidating offices in Louisville and Pikeville to save money.
• Providence Journal -

The Providence Journal Co. laid off 23 full-time workers Wednesday as part of a cost-cutting effort, including 16 members of the Providence Newspaper Guild and 7 non-union employees.
• Hawker Beechcraft -

The company says 240 employees will lose their jobs with the closing of Hawker Beechcraft Services facilities in Little Rock, Ark.; Mesa, Ariz.; and San Antonio, Texas.
http://coffeeandsleeplessnights.wordpress.com/2012/11/09/layoffs-since-t...

Sun, 11/11/2012 - 23:30 | Link to Comment TuesdayBen
TuesdayBen's picture

Obamerica 2013 forward: Wage slaves supporting welfare slaves.

Mon, 11/19/2012 - 03:57 | Link to Comment cgagw
cgagw's picture

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Thu, 12/20/2012 - 03:11 | Link to Comment cgagw
cgagw's picture

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