Bernanke’s plan to recreate Libya in our own back yard is continuing to work magnificently. It is no surprise that on Charles Ponzi day, the update to food stamp usage indicates that in December those receiving an average of $134 per month has just hit 44.1 million people.
These lucky people will soon be able to buy an inflation adjusted 2.3 crumbs of notional bread with this generous handout from the Chairsatan.
In other words, America is now the land of the free, home of the brave, of whom 14.3% can’t afford to eat, even with all the new jobs created by both the old QE1, Lite and 2, and soon to be 3.
Don’t forget that according to the Bernank, QE2 has already created 250,000 new jobs… all at the a modest cost of $1.3 million per job.
Submitted by Tyler Durden on 03/03/2011 12:00 -0500