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February 2, 2014 / needhamgrassroots

Wages of Austerity: Walmart’s profits down. Food stamp cuts are big part of why.

tighten beltfrom Political Animal Walmart is citing food stamp cuts as one reason for declining sales. Fully 20 percent of Walmart’s customers use food stamps. …

Walmart’s declining sales provides of the wages of austerity economics. The government induces cutbacks, people have less money in their pockets, businesses suffer. The next step is that those same businesses start laying off people. Then the G.O.P. geniuses start telling us “it’s time to tighten our belts,” and it’s lather, rinse, repeat.

via: Walmart’s holiday profits are way down. Food stamp cuts are big part of the reason. by Kathleen Geier | Political Animal | The Washington Monthly.

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