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Record 44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through Foodstamps

Posted By admin On July 1, 2011 @ 9:39 am In Money Watch | Comments Disabled

Zero Hedge [1]
Friday, July 1, 2011

The one and only clearest indication of just how effective the recovery and QE2 in general has been, comes courtesy of the USDA, whose just released update [2]of April participation in Supplemental Nutrition Assistance Program (SNAP), better known as “foodstamps”, shows yet another record, this time 44.647 million people, an increase from May’s 44.587 million. And after rising modestly in the last month, the average monthly benefit per household dropped again to a post April 2009 revision low of $282.38/month.

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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/record-447-million-people-celebrate-geithners-departure-and-end-qe2-through-foodstamps

[2] just released update : http://www.fns.usda.gov/pd/34SNAPmonthly.htm

[3] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/draghi/June%20SNAP.png

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