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Are Food Stamps the Soup Lines of this Great Recession? George Washington  Zero Hedge

Bloomberg notes that, as of 2007:

   In Missouri, about 100 percent who were eligible [for food stamps] that year took advantage of the program, the highest rate in the nation, followed by residents of Maine and Michigan, at 91 percent and 89 percent, respectively ...

Things have gotten much worse since 2007:

As the New York Times notes, "one in eight Americans and one in four children" receive food stamps.

Many economists and financial experts have said that we are in a depression. See this, this and this

....

But it is indisputable that the unemployment numbers are still grim. Specifically:
    * More people will be unemployed than during the Great Depression
    * Some of the top economists say that America has suffered a permanent loss of jobs
    * By some measures, unemployment is worse than it was during a comparable time-frame in the Great Depression
    * Vice President Biden said recently: "It's a depression for millions of Americans"

Given the above, Stacy Herbert's question of today is compelling:

   The food stamps story seems to be one that keeps popping up; I guess food stamps are the soup lines of this Great Depression?


The bold this link is a worthy diary by itself--an argument for a deflationary scenario.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Dec 10th, 2009 at 11:10:42 PM EST
[ Parent ]
From the graph food stamp use appears to be up 35% since October, 2008.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Dec 10th, 2009 at 11:12:57 PM EST
[ Parent ]
When people were estimating the "multiplier" effect of various forms of fiscal stimulus before Obama got his bill through congress, food stamps was the one with the highest multiplier.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Fri Dec 11th, 2009 at 04:33:32 AM EST
[ Parent ]
Putting the start of the financial crisis in August 2007 you have an increase from 27 million to 36 million, or +33% in 2 years (15% annual rate).

The increase since October, 2008 is from 31 to 36 million, or +16%.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Fri Dec 11th, 2009 at 04:37:42 AM EST
[ Parent ]

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