To: A. Morgan
Why do you feel that way? There must be a good reason. I'm sure it's some sort of business decision and not an editorial comment. With all of this credit card fraud going on with Government employees, I can't say I blame them.
posted on 06/16/2002 11:41:53 AM PDT
The strange part about it is they won't even take cash. So it is not about credit fraud. The fact that they are so vague in their statements is very odd to me. Not only that, why would they assume they would be a subcontractor to the Federal Government. They buy from almost every type of business in the country, so that would mean everyone else is already a subcontractor. Lowe's must be loving this.
posted on 06/16/2002 11:48:24 AM PDT
From the experience I have had with the Government, and remember, I am a retired Vet, I would not want to do business with them. They delay payment as long as possible, explaining it aways as, "a snafu". Also, their business comes with tons of "feel-good" qualifications and other bravo sierra.
Dispite the "sinister" wording of the article, I have found HD to be a good source of product and advice. I will continue to do business with them. Just because they refuse to "grab their ankles" to acceed to the Fed's demands doesn't make them bad guys.
Home Depot is a Bush-hating, gun-grabbing institution. There is no doubt in my mind this is an attack on President Bush. I note that even though this is supposedly long-standing policy, managers only received the orders on this three weeks ago.
I was told on good authority the reason for this is that the Feds don't pay the state sales tax and refuse to supply the proper tax forms. The states then hit Home Depot for huge amounts of state tax after the fact and they have no documentation to prove they don't owe it. Home Depot is merely making a business decision. Apparently the profit margin at Home Depot is so low that shelling out the 7-8 percent tax (and penalties) down the road puts the purchases bought by the Feds in the negative profit column.
Sounds like it might be time to buy some Home Depot stock as their profits are going to go up.
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