Monday, October 8, 2012

Number of Americans on food stamps hits new record...

The food stamp President nods in approval...

Via Bloomberg:
While the lowest unemployment rate of President Barack Obama’s tenure dominated weekend economic news, a less-welcome statistic for the White House — a record number 0f food-stamp recipients — slipped by with barely a notice.

About 46.68 million Americans received food stamps in July, the government said in a report released late on Friday afternoon before a holiday weekend, a traditional time for dumping bad news. The report for July, the most recent month that data was available, showed participation up by 11,532 from June and 2.9 percent higher than a year earlier.

The number rose partly because of weather disasters in Ohio, Maryland and West Virginia, the USDA said. In essence, it was little changed from the previous month or even the recent past, since participation — more than one in seven Americans — has topped 46 million since September 2011.

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