Today, Reuters news service had a piece about an announcement by Walmart and Sams Club. They are downgrading their earnings projections because their customers aren’t spending as much due to federal cutbacks in food stamp assistance!
By Dhanya Skariachan
Jan 31 (Reuters) – Wal-Mart Stores Inc said on Friday that bad weather and reduced food stamp benefits in the United States had dragged down comparable-store sales in the fiscal fourth quarter, more than offsetting a positive bump from the holiday season.
Yes fellow Libs, calm down. Stop the the fist pumps and yelling “I told you so you idiots” and similar exhortations. Be respectful…
Now, to my Repub readers…really guys, could you have made this any easier? Wal Mart, that bastion of conservative views, that anti-union, anti-female, anti-minority supreme soviet of capitalism, is proving that government assistance to the poor is good for the economy!
This is the company which pays its workers so little that some enormous proportion of them must collect food stamps just to eat, is now complaining because they’re losing money due to cutbacks in food stamps!
Hmm, could it be that government programs like food stamps and other forms of assistance for the poor is actually good for our good-ole capitalist, up by your bootstraps, Adam Smith/Milton Freedman/Ayn Rand based economy! Could it be that food stamps and unemployment checks go right back into the economy, generating wealth and jobs, as compared to tax cuts for the 1%, which tends to generate more off-shore bank accounts?
Could it be that every economic theory promulgated by the Repubs over the last 5 years (where’s the hyperinflation that was right around the corner, Glenn Beck, Bill O’Reilly and Sarah Palin?) was just intellectual insouciance backed up by, er, ah, nothing? Could all the Mitt Romney cognitive bluestockings have been wrong when they said that trillion-dollar economies were so simple as to be compared with our personal checking accounts (presumably they both needed to be balanced).
Could it be that the subject of economics is a just a little more complicated than this week’s featured short-skirted blonde Fox spokesmodel was sufficiently adroit to explain? (although Elisabeth Hasselbeck does have some decent legs).
Now, will you please just stop talking and listen to us when we tell you stuff? Jeez…