Article

2010-09-22 Economy

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Posted by Beavis 2010-09-22 12:53|| || Front Page|| [11128 views ] Top

#1 Hope and Change!

(see 21st century depression bread lines)

Posted by DarthVader 2010-09-22 15:17|| 2010-09-22 15:17|| Front Page Top

#2 Beware of generalizations. I go to Wally World after midnight because I'm a night owl, it's open & it's close to home. I have noticed huge crowds on some of those nights, but hadn't thought of relating that to the paycheck cycle.

Posted by Anguper Hupomosing9418 2010-09-22 15:46|| 2010-09-22 15:46|| Front Page Top

#3 OTOH, billionaire Charles Munger, who benefited greatly from the Mother of All Bailouts, recently told U. Mich. students that people in economic distress should suck it in and cope.
The new bread lines have many sponsors.

Posted by Anguper Hupomosing9418 2010-09-22 15:50|| 2010-09-22 15:50|| Front Page Top

#4 Color me skeptical on these baskets being filled with essentials. I usually see cartloads of junk foods, cokes, and yes baby formula. The junk foods usually consist of cases of candy bars which are in turn flipped outside the store by children selling the candy to raise money for their miscellaneous sports team. Yes I understand that sports teams do this legitimately, but those products are packaged differently than the store bought versions of same. However, I have noticed a decrease in this action since the food stamps have gone to the credit card style and total balance on the card after initial purchase can now be refunded in cash. That's right. Cash.

Posted by Lowspark 2010-09-22 16:19|| 2010-09-22 16:19|| Front Page Top

#5 Th few times I have been to our nearby Wal-Mart late at night, I have noticed considerably more Hispanics than during the day. Either these folks have day jobs, are illegals (scrutiny lighter) or just feel more comfortable going at this time of night. I saw a piece in our paper whereby a few hookers have been arrested for soliciting in front of this same Wal-Mart. Most ammo sales occur in the morning because when new shipments come in.

Would concur with #2. It is hard to make generalizations.

Posted by JohnQC 2010-09-22 16:57|| 2010-09-22 16:57|| Front Page Top

#6 because that's when

Posted by JohnQC 2010-09-22 16:58|| 2010-09-22 16:58|| Front Page Top

#7 Paychecks????

Posted by PartyViking 2010-09-22 18:37|| 2010-09-22 18:37|| Front Page Top

#8 Interesting.

I know other retail outlets see patterns based on the day of the month, but this is a rather extreme version.

Posted by Rob Crawford 2010-09-22 20:00|| 2010-09-22 20:00|| Front Page Top

#9 I've seen people in this neck of Montgomery County, Maryland, pay for 1/2 or so of their cart with a FoodStampsCard and then open their wallet and pull out a fat wad of cash to pay for the stuff Uncle Sugar won't cover.

Things that make you go... hmm....

Posted by eLarson 2010-09-22 20:16|| 2010-09-22 20:16|| Front Page Top

#10 #9 Hello,
People know how to work the system. They get the food and sell it so they have a cash flow. They shop for others possibly. Over 60% of the grocery business in one large chain I know of is government assistance. Drug use is a up big time so they need cash. Meth is a big one currently.

Posted by Dale 2010-09-22 20:46|| 2010-09-22 20:46|| Front Page Top

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