Bloomberg's NYC: Food Stamp Capital Of The State

This is what happens when you live in a city with an oligarch in charge who promotes his own interests and the interests of his corporate and banking cronies over middle and working class people:

According to new data from the Office of Temporary and Disability Assistance, 3 million NY State residents were on food stamps in 2010, an 11% increase from 2009. Which means that the 1.7 million city residents on food stamps account for over half of the state's recipients.

The state got $5.1 billion in food stamp benefits last year, with the average monthly benefit per person is just $150. Which will get you about two bags worth of goods at Whole Foods. Minus the sugary drinks.

I'm so glad that other corporate whore in public life - Barack "Race to the Top" Obama, cut food stamps in order to ensure his education reform program wouldn't be cut and his ed deform buddies could continue to receive government largesse.

Obama, Bernanke Inflate Commodity Bubble

Obama renominated Bernanke, Bernanke has been running the Federal Reserve printing presses night and day to bail out insolvent banks, that newly printed money is being used to speculate on commodity prices - especially food.

See here.

More change we can believe in?

Nope - same old shit as usual.

Remember the tech and real estate bubbles?

They didn't end so well.

And bet your bottom, inflated dollar that this one won't end so well either.

Unless your a bankster or hedge fund criminal like Whitney Tilson, of course.