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You left out this part: "One retail theory is that when the economy is lousy,
EVERYONE shops downward one level. So, even if you prefer Lands' End t-shirts, you may settle for Fruit of the Loom, or whatever WM sells." Economists are saying that the tax cuts are having a positive effect on consumer spending. Wal-Mart is enjoying some of those fruits. The Libs (including you, I believe) have been criticizing the tax cut as being 'only for the rich'. Thus my question. Is it only the rich who are doing the spending at Wal-Mart? I was in a Wal-Mart just last week. It's still the worst, except for K-Mart, place to shop for anything. It is, however, much closer and more convenient than the other shopping areas. Also, the parking spaces are nice and big. If I were one of the 'rich' who were the 'sole beneficiaries of the tax cut', there is no way I would set foot in a Wal-Mart for anything. Most respectfully, John On the 'Poco Loco' out of Deale, MD The tax cuts aren't "only" for the rich, just highly biased toward the rich. Bush's people are smart enough to know that an average guy needs a pittance in savings too, or else the populace would be less willing to turn a blind eye to a national debt that was climbing, just this week, at the rate of over $1,000,000,000.00 a day. Take that $1 billion a day, and divide it up by 250mm folks. About $4 a day apiece, or $480 a month for a family of four. Hope your tax cut is at least $6k a year, John- because if it isn't and if you've got a family of four you're getting hosed the difference. Oh, and by the way, the guy whose tax cut is $6mm a year? His per capita share of the out of control national debtbacle is the same as yours. But, if the government trickles a few bucks down on John Q Public, John Q will be too busy buying Chinese Junks at WalMart to pay any real attention. Bread and circuses. |
#2
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