No. of Recommendations: 1
Cory Booker was on Piers Morgan's show. They were talking about SNAP (Supplemental Nutrition Assistance Program). Booker said, "For every dollar of food stamp assistance, $1.70 is returned in GDP."

The ebonics version of Keynesian economic theory. Trickle down ignorance.
I believe they got the "multiplier" from Mark Zandi and his "research" saying that for every dollar we spent in stimulus spending we'd get $1.70 in economic activity, or something. Everyone knows the stimulus didn't work, but the "research" kerrys on.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.