The food-stamp economy
Posted in the Muskogee Forum
Since: Sep 09
#1 Aug 18, 2011
As you look in to the real world & see that...
(( http://www.reuters.com/article/2009/12/18/us-... ))
"Once the clock strikes midnight and EBT cards are charged, you can see our results start to tick up, says Tom Schoewe, Wal-Mart Stores Inc's chief financial officer.
As food stamps become an increasingly common currency in a struggling U.S. economy, they are dictating changes in how even the biggest retailers do business."
Walmart's business is mostly from food stamps!
(( http://www.wsws.org/articles/2011/aug2011/fla... ))
"For workers in New York City, the ongoing economic crisis has been felt deeply in growing unemployment and cuts at the federal, state, and local levels in education, health care, and other social services. Workers in the Flatbush section of Brooklyn who spoke recently with the World Socialist Web Site expressed their anger, frustration, and an understanding that the wealthy are responsible for the crisis."
(( http://money.cnn.com/2011/08/16/news/companie... ))
"NEW YORK (CNNMoney)-- Wal-Mart Stores Inc. suffered a ninth straight drop in its U.S. store sales last quarter, even as it reported earnings and sales in the period that were higher from a year earlier.
Bentonville, Ark-Wal-Mart (WMT, Fortune 500), the world's largest retailer, said Tuesday that sales at its domestic namesake stores open at least a year dipped 0.9% in the second quarter."
Why do they want to still cut spending, with 46 million people on food stamps? We need to be spending more to get them off food stamps!
your customers has no money!!!!
(( http://walmartwatch.org/blog/archives/wal-mar... ))
"Wal-Mart claims to save people money. That would appear to be a lie. This arresting article from the Denver Post asserts that Wal-Mart charges more for groceries in low-income neighborhoods than in affluent neighborhoods. Despite the companyís claim as a resource for the working class, Wal-Martís pricing strategies appears to be anything but. If this articleís assertions are true, Wal-Martís pricing strategies are dishonest and shameful."
Added to the mess & more of why to vote out the Tea Party in politics.
They are not in the real world!!!!!!
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