Welcome to the Recovery: 1 Out of 7 Americans (45.5 Million) Remain on Food Stamps
- Welcome to the Recovery – 1 Out of 7 Americans (45.5 Million) Remain on Food Stamps
by The following article from the New York Times is shameful in many ways. While the paper is forced to cover the undeniable fact that real wages for the lowest income Americans have plunged during the so-called “economic recovery” over the past six years, it fails to actually pin blame on the undemocratic, oligarch institution most responsible for this humanitarian crisis: The Federal Reserve.
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Of course, I and many others have been saying this for years, but now more than half a decade into what is supposed to be a recovery, people are finally being forced to admit what this really is — large scale theft.
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In fact, Ben Bernanke and his crew of upward wealth distributing academics have pulled off the greatest wealth heist in American history. In its wake we have been left with a hollowed out, asset striped Banana Republic. Thanks for playin’ Main Street. Or more accurately, thanks for being played.
– From the post: The Oligarch Recovery – Study Shows Real Wages Have Plunged for Low Income Workers During the “Recovery”
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More than six years into Dear Leader’s glorious economic recovery, 45.5 million Americans, or one in seven, remain on food stamps. I’d say that’s a problem, but I don’t want to be accused of “peddling economic fiction.” From Bloomberg:
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During the 2007-2009 recession, state and federal governments actively encouraged people like Crofoot to take advantage of the aid. Millions did, and many are still claiming benefits. Enrollment in the Supplemental Nutrition Assistance Program, the formal name for food stamps, remains near record levels, even as the unemployment rate has fallen by half.
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“When unemployment was rising people said enrollment would fall sharply when things got better,” said Parke Wilde, an associate professor of nutrition policy at Tufts University in Boston. “That hasn’t happened.”
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read more.
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