Friday, January 27, 2012

The Food Stamp President

Yesterday President Obama blamed (what a surprise) President Bush for the expansion in food stamp recipients. Apparently it's the well-known four year lag effect, not the increase in the amount of benefits contained in his "stimulus" bill? The President just seems to have a hard time grasping Economics 101: when you increase the subsidy of an activity, you will get more of that activity.

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