Uh, two things to take away from this:
1. If Wal-Mart isn’t doing well, the REST of the economy isn’t doing well.
2. If Wal-Mart depends that heavily on government subsidized shoppers for income, the subsidies need to be cut....Wal-Mart needs to sink or swim in the PRIVATE sector.
I can see Obammy and Soros in a meeting on how to cripple the World Economy. “We must cripple Wal-Mart to achieve complete control over the economy. I’ve got it! Raise the minimum wage and force them to provide Obamacare care! It will kill their profits overnight!”
“Yes Master”
“BTW I sent you another check and am working on destabilizing some other governments so you can intervene and start another war you can’t afford. Just increase taxes to pay for it. Soon my son, the Middle Class (your only opposition) will be decimated, homeless, without food, and weak if not dead. Then and you can rule as you please, unopposed”
“Yes Master. Thank you Master”
If Wal-Mart isn’t doing well, the REST of the economy isn’t doing well.
*********
Not to worry. Recovery Summer 5.0 will fix everything. Happy Days will be here again soon. Let the good times roll. /sarc
Just can’t bear to go near our local Wal-Mart and tried out a store now owned by Safeway last night. If their sales are up I would have to say it is because the cost of their groceries are up. Buying fewer and fewer items each week and the cost keeps creeping upward.
There has been no cut in food stamps. The “cut” was a reduction in growth and hasn’t gone into effect yet.