Yes he is the food stamp president! And the hand out president

January 28, 2012 12:56
Yes he is the food stamp president! And the hand out president

45% increase in food stamps, 32% increase in hand outs and a quadrupling of corporate welfare make Obama the king of socialism and crony capitalism at the same time.

 

By JOHN MERLINE, INVESTOR’S BUSINESS DAILY
EXCERPTS:

While it’s true that the country has been headed in this direction for many years — with the explosion in entitlements since the 1960s and the aging of the population — Obama has, in fact, greatly accelerated the trend. Examples:

 

Direct payments. ….. shot up under Obama, climbing by almost $600 billion — a 32% increase — in his first three years.

 

People getting benefits. …. 49% now live in homes where at least one person gets a federal benefit ….. up from 44% the year before Obama took office ….

 

Food stamps. ….. 46 million (15% of all Americans) will get food stamps. That’s 45% higher than when Obama took office

 

Corporate welfare. Prior to Obama, the federal government was already dishing out $92 billion in corporate welfare programs — in the form of subsidized loans, special tax breaks, bailouts and the like — the Cato Institute found. Obama added tremendously to this largesse. Federal grants to the energy sector, for example, quadrupled to over $18 billion in 2009 …..

 

…. the new entitlement battle is over the size of the check you get from Washington.”

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