Big Red Car here. Ya’ll know what’s cooking in the ATX, right? I’m not going to tease you. It’s fabulous.
So The Boss is talking to one of his professorial buddies and they’re talking about the economy. Ooooh, the economy is not doing very well, Grasshopper. You knew that right?
So the convo turns to things like — what are some of the obscure parameters and indicators that can shed light on the state of the economy?
So The Professor says — “…take a look at food stamps. When times are tough, folks still have to eat, Boss. BTW, Boss you’re looking a bit well fed yourself these days.” Haha, The Boss is not going to like that, ya’ll. [STFU, Big Red Car, and get on with the damn story. Please.]
You can see a bit of discussion on Dr Doug Short’s blog here.
The bottom line is this — we now have almost twice as many food stamp recipients today as when President Obama took office.
While the term Food Stamp President is clearly not a note of high praise and it is a pejorative term, it is unfortunately accurate and true. President Obama’s policies have almost doubled the number of folks on food stamps.
That cannot be a good indicator for our economy. We are growing food stamp recipients at the rate of 13.5% per year. That is NOT the kind of growth we are looking for and it indicates how weak the economy truly is — folks are still struggling to feed themselves. This is a starvation economy.
The way home? Let’s create some damn jobs and put folks to work. When a man can’t put food on his family’s table, society has a crack in its foundation.