Tom Vilsack is the Secretary of Agriculture and is in charge of the food stamp program (which now goes by the code word: SNAP) The current economic crisis and depression has led to 1 out of every 7 Americans to be on food stamps for a total of 46 million people. Leave it to the Obama administration to call this an economic stimulus and good for the economy.
According to Tom Vilsack, he states that for every $1 of food stamps, it generates $1.84 in economic activity and is the best way to inject stimulus into the economy. This is insane and is yet another reason that proves Obama has clue on the economy. According to this logic, we should spend about $10 Trillion in food stamps which would boost the economy and help to eliminate our debt. Stupid Keynesians….