There is something funny about the report WalMart just released.Submitted by fishyculture on Thu, 02/21/2013 - 15:09
Here is the best quote:
"...families adjust to a reduced paycheck and increased gas prices," Simon said"
Got that? You will adjust. Simon says. lol!
"We are confident that our low prices will continue to resonate, as families adjust to a reduced paycheck and increased gas prices," Simon said. "We see the underlying health of the Walmart U.S. business is sound, and sales trends are similar to what we've demonstrated in the last few quarters. However, February sales started slower than planned, due in large part, to the delay in income tax refunds."
I am intrigued that Wal-Mart, that often heralded example of American entrepreneurial spirit, the poster child for modern "free market" capitalism... is counting on tax refunds.
My husband also has a good job in the "private sector" - health care. Take away Medicare and Medicaid, and he is unemployed.
So much of this economy is now strung up on the government web... something is going to snap.