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Oh really Obama? President claims economic success while population dependent on food stamps hit all time high

By Catholic Online (NEWS CONSORTIUM)
8/27/2014 (2 years ago)
Catholic Online (www.catholic.org)

Number of Americans on food stamps over 46 million

Democrats are facing a tough midterm election, and with less than three months to go the party is scrambling to prop up the image of the U.S. economy in the minds of disgruntled voters.

The number of Americans on food stamps has not decreased since 2011, despite claims from President Obama that the U.S. economy has recovered under his policies.

The number of Americans on food stamps has not decreased since 2011, despite claims from President Obama that the U.S. economy has recovered under his policies.

Highlights

By Catholic Online (NEWS CONSORTIUM)
Catholic Online (www.catholic.org)
8/27/2014 (2 years ago)

Published in Business & Economics

Keywords: Economics, Finance, U.S., Obama, Welfare


LOS ANGELES, CA (Catholic Online) - Yet one of the quickest shorthand indicators of economic growth is food stamp enrollment-and this measure paints the Democrats and President Barack Obama in a less than flattering light.

All over the world children are starving, do your part today!

According to the Department of Agriculture's most recently released data, the number of people enrolled in the Federal food stamp program (SNAP) has remained above 45 million every single month for three years running.

In May of 2011, 45,410,683 people were receiving food stamps, and as of May 2014 (the most recent data collected and made available) that number has risen to over 46,000,000. At no point between these two dates did the food stamp enrollment number dip below 45 million.

Food stamp enrollment soared because of changes in categorical eligibility provisions implemented by Obama, as well as aggressive enrollment marketing and a bleak economy, and lobbying from big corporations who stand to make large amounts of money off food stamps.

A report by the Government Accountability Institute (GAI) found that JP Morgan took in $560,492,596 since 2004 for processing the Electronic Benefits Transfer cards, of which it holds contracts with 18 of 24 of the states which use that system.

Despite the historic levels of food stamp usage and welfare, and with the middle class poorer now than in 1984, Obama continues to claim that his economic policies have made things better.

"Since I have come into office, there's almost no economic metric by which you couldn't say that the U.S. economy is better," Obama said in an interview this month with the Economist.

According to Gallup, just 39% of Americans believe the U.S. economy is "getting better" versus 56% who say it is "getting worse."

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