Lie - Obama is FOODSTAMP President
From Newt Gingrich, long known enemy of the US worker and suspected vampire stated: "The fact is that more people have been put on food stamps by Barack Obama than any president in American history."
While it is factually correct, the statistic is misleading without putting it in context.
The previous Republican Failed President GW Bush's regime followed an 8-year period of economic boom that left a Federal budget surplus. The Obama presidency followed a falling-off-the-cliff economic depression that impacted not only low- but middle-income families not seen since the Great Depression. This depression was ushered in by he-who-will-not-be-named-by-Republicans GW Bush.
From CNNMoney (click here for full article):
Food stamp enrollment has been rising for more than a decade. President Bush launched a recruitment campaign, which pushed average participation up by 63% during his eight years in office. Nearly the same number of people -- 11 million -- joined the program during the Bush and Obama administrations, according to Department of Agriculture records. Of course, the jump during Obama's tenure has come in only three years. Also, food stamps are available to anyone who meets the criteria, generally having a monthly net income below the poverty line -- about $18,500 a year for a family of three -- and assets of $2,000 or less. Even with the ramp-up, an estimated one in four eligible Americans do not participate, according to the left-leaning Center on Budget and Policy Priorities. Much of what's driving the steep climb in enrollment is the nation's worst economic downturn since the Great Depression, when the food stamp program was created.
