Market Celebrates Just Announced Record Foodstamp Usage By Closing At 2010 Highs

[MNeagle]

Market Celebrates Just Announced Record Foodstamp Usage By Closing At 2010 Highs


Submitted by Tyler Durden on 12/03/2010 16:11 -0500




For those seeking a perfect explanation of what is happening in United Banana States of America right now, then look no further: the just released September Supplemental Nutrition Assistance program data is out and we are happy to report that the number of poor Americans has never been higher - SNAP recipients just hit a fresh all time high of 42.9 million. Naturally, the market celebrates the record number of poor Americans by closing at 2010 highs. No long-winded, somnolent essays, no rants, just observations. These two facts explain everything that is happening in this unrecognizable banana republic. Now that is a five year banana plan you can believe in.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/gono/SNAP%20November_0.jpg

link (http://www.zerohedge.com/article/market-celebrates-just-announced-record-foodstamp-usage-closing-2010-highs?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedg e+-+on+a+long+enough+timeline%2C+the+survival+rate+fo r+everyone+drops+to+zero%29)

[ximmy]

Bread and Circuses act continues...

[JohnQPublic]

Coming soon: Circus Stamps. :)

[gunDriller]

Market Celebrates Just Announced Record Foodstamp Usage By Closing At 2010 Highs


For those seeking a perfect explanation of what is happening in United Banana States of America right now, then look no further: the just released September Supplemental Nutrition Assistance program data is out and we are happy to report that the number of poor Americans has never been higher - SNAP recipients just hit a fresh all time high of 42.9 million. Naturally, the market celebrates the record number of poor Americans by closing at 2010 highs. No long-winded, somnolent essays, no rants, just observations. These two facts explain everything that is happening in this unrecognizable banana republic. Now that is a five year banana plan you can believe in.


in addition to using those food stamps to buy food - which does sometimes add to supermarket profits - those food stamp recipients also buy cigarettes, and iPods, and alcohol, and they still buy gas. or they live in their car - but all activities which can be profitable.

( Jeez, i sound like a corporate manager. )

[SilverMagnet]

Moving right along as planned. Dependence on the welfare state.

"Oh, you want another 6 month extension for your family sir? We will need to conduct a monthly search of your premises and remove any firearms due to some obscure law passed during a midnight bill signed to protect against potential liability to the program"

[Twisted Titan]

Moving right along as planned. Dependence on the welfare state.

"Oh, you want another 6 month extension for your family sir? We will need to conduct a monthly search of your premises and remove any firearms due to some obscure law passed during a midnight bill signed to protect against potential liability to the program"


A Gubbermint big enough to give you everything you need is Strong enough to take away everything you have.

T