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 Are food stamps economic stimulus?

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Sim0n
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PostSubject: Are food stamps economic stimulus?   Fri Aug 26, 2011 8:37 am

Perhaps one of the more asinine economic assertions to come out of the Obama administration is from Agriculture Secretary Tom Vilsack. He says that food stamps are “the most direct stimulus you can get in the economy during these tough times.” He explains, “I should point out, when you talk about the SNAP program or the food stamp program, you have to recognize that it's also an economic stimulus. Every dollar of SNAP benefits generates $1.84 in the economy in terms of economic activity. If people are able to buy a little more in the grocery store, someone has to stock it, package it, shelve it, process it, ship it. All of those are jobs. It's the most direct stimulus you can get in the economy during these tough times."

Now I want you to keep something in mind. One out of seven Americans is currently on food stamps. When Obama was inaugurated in January 2009, 31 million Americans were on food stamps. That figured has now soared to about 46 million Americans. However, since Barack Obama was inaugurated in January of 2009, we have 2.5 million less people working and earning a paycheck in our economy.

How does this seem to be working out for us?

The fact is that food stamps are nothing but a re-distributor of economic wealth. Absolutely no new wealth – and no economic growth – is created by income redistribution. What ObamaBots like Tom Vilsack fail to recognize is that this food stamp money already existed in our economy. Originally it was going to be spent or invested by the people who actually EARNED it! Instead, it gets seized by the federal government and distributed to the moocher class. This means that while the moocher may have more money, the person who actually earned that money has less money in their pocket to spend. You don’t grow an economy out of a recession by saying “Here, you give that money to him so that HE can spend it instead of you.” You grow an economy by creating wealth. Moochers don’t create wealth. They vote, though … and therein is your explanation.
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