And now back to our regularly scheduled economic collapse – from Zero Hedge:
Today SNAP released the most recent food stamp numbers. Not surprisingly, we just saw another all time high 44.2 million poverty-level Americans relying on government funding for day to day sustenance. Granted the number appears to be plateauing, so all those who bought the change if not the ho[y]pe, can rejoice as it may start declining next month: a development that is sure to be herald for Obama a 4th Putin-esque term…
We’re now at the tail end of the Obama Boom – that bit of economic “growth” propelled by massive money printing and borrowing. The big question: now, what? Does the economy take off like a shooting star without government subsidy and thus create an economy for Obama’s re-election, or does it immediately sag down in to renewed recession, thus ensuring President Palin on January 20th, 2013?
No one can say for certain, but the fact that we’re borrowing like mad, our dollar is collapsing and gasoline is just below $4 and may rise to $5 indicates a rocky future for our economy. Maybe Obama will eventually get us up to a round 50 million on food stamps before he’s done…
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