Despite protestations from President Obama to the effect that his policies have “saved” the American economy, the hard evidence suggests quite the opposite.
Indeed, because ObamaNomics has fostered wide-scale, record levels of unemployment, the number of Americans on food stamps has also exploded under the Marxist regime of Obama.
As reported, in part, at Bloomberg.com (see reference):
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.
In addition, personal bankruptcies and home foreclosures have soared under ObamaNomics.
Given the dreary state of the economy, why do Democrats want to legalize 12-40 million poor illegal aliens and make them eligible for food stamps?
http://www.bloomberg.com/news/2010-10-05/food-stamp-recipients-at-record-41-8-million-americans-in-july-u-s-says.html
