"The number of people currently on food stamps in the US is at a record-high of 47.1 million. That’s more than twice as many recipients than in 2007 when the crisis began. And the percent of Americans living below the poverty line has skyrocketed, too. It’s gone from 12.3 percent in 2006 to 16.1 percent today. According to the Census Bureau, nearly 50 million people in America are now living below the poverty line. In other words, if you’re poor in America your numbers are growing and things are getting worse."
"Bernanke’s smart enough to know that more-of-the-same (QE) won’t get the economy back on track. ... But that doesn’t mean there will be a change in policy. There won’t be, mainly because QE reinforces the caste system where all the goodies go to the silk-stocking hotshots at the top and everyone else gets table scraps. It’s just plain old class warfare. And, guess what: their class is winning." (QE stands for quantitative easing.)
Read : http://www.blogger.com/blogger.g?blogID=550086850153535260#editor/target=post;postID=2603816040240991140.
Romney would most probably have reinforced the trend. Obama is uncapable of changing it.
What a magnificent perspective !
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