If you really want to 'take your hat off' to Obama, change

New Post Public Reply Private Reply Replies (1) Message Board
Bhawks
296
If you really want to 'take your hat off' to Obama, change your board avatar.

Why don't we start with the fact that any decent person would not consider it a 'fun fact' that so many people were driven to SNAP benefits by an economic catastrophe unprecedented since the Great Depression, also handed off by a GOP president to a Dem president?

Much less would they believe such an exaggerated and such a false claim.

And it's a fact that the expansion of SNAP benefit availability was enabled by the Bill that Bush signed to do just that.

Maybe he knew something? Nah, just doing the decent thing.

And of course a great many more 'hat doffing's' are due Obama for the times he was at Dover AFB to greet the fallen, how many times he handed out military decorations for valor in the WH, how many times he mustered the *appropriate words of consolation for mass shootings and for the time he visited NJ after Hurricane Sandy, where even Gov. Christie had to praise Obama's response.

*Seriously, don't even you miss 'appropriate words'?

There's much, much, more of course, but your get my drift.

ACTUAL facts are the only 'fun facts' for those who value....actual facts.

Quote:
Social media meme says 75 have joined food stamp rolls for every job created under Barack Obama

By Louis Jacobson on Wednesday, May 28th, 2014 at 10:00 a.m.

http://www.politifact.com/truth-o-meter/state...d-stamp-r/

A reader asked us to check the math on this social media meme. We found that it was at best outdated.

A reader recently asked us to check out a meme circulating on social media that is critical of President Barack Obama. It reads:

"Obama Fun Fact #301: For every one job created under the Obama administration, 75 people went on food stamps."



Here’s a fun fact: The numbers here are wildly inflated.

A little Googling turned up what appears to be the source of this statistic: A release by the Republican staff of the Senate Budget Committee headlined, "For Every Person Added to Jobs Rolls Since January 2009, 75 People Added To Food Stamp Rolls." This release was picked up in a Nov. 2, 2012, post by the conservative Weekly Standard.

When the committee released its data, it said the most recent figures were 194,000 jobs created between January 2009 and October 2012 and 14.7 million added to the food stamp rolls between January 2009 and July 2012. That would be roughly a 75-to-1 ratio -- but it’s also a snapshot in time. Since the committee wrote that, employment has increased by 4 million jobs while the number of food stamp recipients has remained about the same, making the comparison grossly out of date.

In fact, late 2012 was pretty much the only point in time during Obama’s tenure where the ratio was that bad. Prior to that, job growth was negative, so the calculation wouldn’t have made any sense. Shortly after, the number of jobs (the denominator) began growing as the number of food stamps (the numerator) stagnated, making the ratio fall consistently over time.

So what is the correct number?

The standard way of counting how many jobs were created during a specific time span is to use seasonally adjusted data from the Bureau of Labor Statistics’ payroll survey for total non-farm employment.

The one tricky part is to determine when to start the clock for Obama. We chose three possible points: January 2009, when Obama was sworn in; July 2009, when the recovery from the last recession officially began; and February 2010, the post-recession low point in employment. We compared each of these dates to the most recent month available, April 2014.

Regardless of the time frame, Obama has overseen a net increase in jobs, though the amount of the increase varies. From January 2009-April 2014, the number of jobs increased by 4,276,000. From July 2009-April 2014, the number of jobs increased by 7,635,000. And from February 2010-April 2014, the number of jobs increased by 8,597,000.

Now let’s look at the statistics for food stamps, a program now known officially as the Supplemental Nutrition Assistance Program.

The average monthly number of beneficiaries for fiscal year 2009 -- which was split between the tenure of Presidents George W. Bush and Obama -- was 33,490,000. So far in fiscal year 2014, the average is 46,788,311.

That’s an increase of 13,298,000 people.

Now, looking at as the meme does -- as a ratio -- the number of food stamp beneficiaries was between 1.5 and 3.1 times higher than the number of new jobs. That’s not the type of statistic Obama is apt to broadcast on the hustings, but it’s also far smaller than the 75-to-1 ratio claimed in the Facebook post.

Tara Sinclair, a George Washington University economist, said she can’t think of any other way to make the calculation that would make the meme’s math work. "I can't see a way that this is anything other than false," she said.

Anyone continuing to circulate this meme is hereby warned that it is no longer accurate.

Our ruling

The meme claims that "for every one job created under the Obama administration, 75 people went on food stamps." The actual ratio is far smaller -- between 1.5-to-1 and 3.1-to-1. That doesn’t put the administration’s economic record in a very flattering light, but the ratio is far lower than the meme suggests. We rate the claim False.
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Jan Pancar's Privateer Triumph in Italian MX1 Racing

Updated Category News Views 0

The Grit Behind Jan Pancar's Victory Now, tell me this isn’t a story that'll light a fire under anyone chasing an underdog tale. Jan Pancar, a rider marching to the beat of his own moto tune, just snagged the 2026 Italian Prestige 24MX MX1 title. Here’s the kicker: he did it racing for the family-led TEM JP253 KTM Racing Team, not some big-money factory squad. Triumph...

Continue Reading
Aurra Markets Wins 'Most Transparent Broker' Award 2026

Updated Category News Views 1

Spotlight on Transparency in Trading Alright, so Aurra Markets snagged the 'Most Transparent Broker' award at the Money Expo in Mumbai this year. From the greasy streets of trading floors to the polished halls of Jio World Convention Centre, transparency is one of those golden words you hear tossed around, but like finding a needle in a haystack, it’s not always easy to...

Continue Reading
RMX's QuantrusX™: Transforming Edge Intelligence

Updated Category News Views 2

The Edge Gets Real RMX Industries is tearing up the old rulebook of intelligence with their latest move. They’re calling it Real-World Intelligence, and right off the bat, RMX (OTCQB:RMXI) makes it clear they're not here to sell us some dusty data center illusion anymore. They're putting intelligence where the action is, at the physical edge, and that's something you...

Continue Reading
PepsiCo Joins AAG in 7-Year Multimillion-Dollar Deal

Updated Category News Views 2

The sports world isn’t just about the scores on the field; it’s also about the names and logos plastered everywhere you look. And here comes PepsiCo, striding confidently into the Arizona Athletic Grounds (AAG) arena with the gusto of a heavyweight looking to make some serious gains. Big Brand, Big Moves: What This Means for AAG This isn’t your run-of-the-mill...

Continue Reading
Kroger's Strategic Shift: Ibbotson's Bold New Charge

Updated Category News Views 4

Kroger Welcomes a Seasoned Retail Veteran Change often arrives with the dawn of new leadership. As Kroger takes a page from the playbook of large-scale retail transformation, they've enlisted Mark Ibbotson. Effective September 14, Ibbotson will step in as Executive Vice President and Chief Store Operations Officer. It's a roll of the dice that could either accelerate...

Continue Reading
Empirik.ai's $21M for AI in Infrastructure Revolution

Updated Category News Views 7

AI-Powered Infrastructure Takes the Stage Well, here's a tech gambit going full steam: empirik.ai just hit the digital scene with a $21 million war chest. Fresh out of the stealth shadows, they've got big names like Sequoia Capital, S32, Canapi Ventures, and Alumni Ventures stamping their ticket. What's the fuss? They're rolling out the first AI agent designed to...

Continue Reading
Early Education's Massive Impact: Key Skills for Success

Updated Category News Views 2

Unlocking Lifelong Success: The Early Advantage Ever look at a successful adult and wonder, "Where'd they get that spark?" According to HelloNation and child care expert Karen Ego, it all starts early. Think of early learning not just as prepping for school, but as the first blueprint for life's journey. It's the skills you pick up in those tender years that stick it out...

Continue Reading
DUNKMAN's Slam Dunk Expansion Plans for 2027

Updated Category News Views 1

More Than Just A Dunk Contest You ever heard of a slam dunk that turns into something bigger than the game itself? Well, Shaquille O'Neal's DUNKMAN is proving just that. Born from the vision of O'Neal and Authentic Brands Group, this beast of an entity isn't just about dunks anymore—it's a whole darn league carving out space in the sporting world. From Inaugural Sparks...

Continue Reading
Battling Razor Bumps: Breaking a Persistent Cycle

Updated Category News Views 4

Understanding Razor Bumps: More Than a Cosmetic Annoyance Crossing Great Neck this morning, I stumbled across a curious release from Laser by Aleya. Apparently, the problem with those pesky razor bumps plaguing many isn't just skin-deep. For some, especially those with coarse or curly hair, each razor stroke starts a relentless cycle of irritation that's as grinding as...

Continue Reading
LITEON Bets Big on Liquid Cooling with DCX Stake

Updated Category News Views 0

Liquid Cooling: The AI Data Center Game Changer Alright, here's a twist in the tech saga that even a crusty old trader like me finds intriguing. LITEON (2301.TW) has made a bold move investing in DCX Liquid Cooling Systems with a $176 million deal for 25% equity. We're talking about liquid cooling here—it's the magic ingredient when your AI and HPC data centers start...

Continue Reading

Top 5 Most Recently Viewed Articles

SEALSQ Boosts eSIM Adoption for Telcos with Secure Solutions

Updated Category News Views 169

SEALSQ Aids Telcos in Speeding Up eSIM Adoption SEALSQ provides a comprehensive solution that simplifies processes for eUICC manufacturers and SM-DP+/SM-DS service providers. This streamlining enables a quicker time to market through a cost-effective and simplified design approach for obtaining GSMA PKI Certificates. Progress in eSIM Technology SEALSQ Corp (NASDAQ: LAES)...

Continue Reading
Ontex's Strategic Share Buyback Program Overview

Updated Category News Views 113

Ontex's Strategic Share Buyback Program Ontex is making headlines with its ongoing program to acquire treasury shares, which marks a significant move for the company. The decision to initiate this buyback was formally disclosed in accordance with the regulations established by the Belgian government. This proactive strategy is designed to enhance shareholder value and...

Continue Reading
Rob Kole Named Co-Managing Partner at Choate Hall & Stewart

Updated Category News Views 143

Rob Kole Appointed Co-Managing Partner of Choate Hall & Stewart In a pivotal move for Choate Hall & Stewart LLP, Rob Kole has officially taken the role of co-managing partner within the esteemed law firm. With a career rooted in the firm itself, Kole brings a wealth of experience and expertise, having served in numerous capacities including practice group leader and...

Continue Reading
StakingBonus Introduces Comprehensive Ethereum Staking Solutions

Updated Category News Views 89

StakingBonus Launches Comprehensive Ethereum Staking Plans StakingBonus, a prominent name in the cryptocurrency staking industry, has recently rolled out a groundbreaking Ethereum staking plan. This innovative initiative aims to cater to both retail and institutional investors who are eager to engage in Ethereum staking. As Ethereum continues to evolve, the platform...

Continue Reading
New Heights for NYMTM Stock: Insights on Recent Growth

Updated Category News Views 52

Navigating the Rise of NYMTM Stock In a remarkable turn of events, New York Mortgage Trust Inc Preferred (NASDAQ: NYMTM) stock has reached a notable milestone by hitting a 52-week high, reflected by its price point of $24.55. This impressive performance signifies not only a strong market resurgence but also highlights the growing confidence investors have in the company....

Continue Reading