Following up from my post earlier today, A First Look at a New Report on Crony Capitalism – Trillions in Corporate Welfare, some really juicy additional corporate welfare queen news has now come across my screen. It appears that Walmart has admitted the potentially severe adverse impact a reduction in food stamp payments could have on its bottom line. This shouldn’t be a surprise to anyone who reads this site, as I have written about this many, many times. Most notably in the very popular post: McDonald’s Math: You Can’t Survive Working for Us.
Well now we have further evidence of this disturbing economic trend straight from the horse’s mouth: Walmart.
The LA Times reports that:
Wal-Mart’s annual report, issued late last week, puts a different spin on things. Buried within the long list of risk factors disclosed to its shareholders–that is, factors “outside our control” that could materially affect financial performance–are these: “changes in the amount of payments made under the Supplement Nutrition Assistance Plan and other public assistance plans, (and) changes in the eligibility requirements of public assistance plans.”
Yes, that says “materially impact.”
Wal-Mart followers say this is the first time the company has made a disclosure like that.
I’m not sure if that is the case, I think they have mentioned it before, but I’m not sure. Either way…
Wal-Mart says it gets more than half its sales from its grocery departments. Since low-income shoppers are a big part of its clientele, it’s unsurprising that that squealing you hear is coming from its annual report. There’s no indication that Wal-Mart executives stepped up to the plate during the debate in Washington to warn Congress off these cuts in assistance to its customers.
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My friend Dan at Future Money Trends has just put together a fantastic micro-documentary on the rise of our food stamp nation and the far reaching consequences to society. From the art of selling excess food stamp dollars at the end of each month, to JP Morgan profiting from the program as a line of business, this video covers it all. I’ve written about food stamps on several occasions, and have highlighted how they are merely a way to boost corporate profits at the taxpayers expense. More corporate welfare and crony capitalism. My three most popular articles on food stamps are below:
Now check out the video.
As more and more information emerges about the food stamp program in the United States, the more absurd and downright disturbing the entire thing becomes. I first posted on the topic in late June with the piece The Government is Encouraging More Food Stamp Usage, Calling it “Stimulus”. I thought this was ridiculous enough, but only a couple of weeks later it become mainstream news that the USDA was using Spanish-language soap operas to encourage “non-citizens” to enroll in the free food program (as a result of public outrage the USDA actually removed those videos from its website). Oh, but the rabbit hole goes far deeper. We now find out that the USDA has an official agreement with the Mexican government to boost participation. I wish I was kidding but one of the English and Spanish posters used to market food stamps to Mexicans is actually titled “Food Stamps Make America Stronger.”
It has now become so obvious that TPTB are engaged in a deliberate and desperate scramble to get as many people living in the United States as dependent as possible on the government for survival. Hungry people that need handouts are obedient slaves. It really is that simple.
The Mexican government has been working with the United States Department of Agriculture to increase participation in the Supplemental Nutrition Assistance Program (SNAP), or food stamps.
“USDA and the government of Mexico have entered into a partnership to help educate eligible Mexican nationals living in the United States about available nutrition assistance,” the USDA explains in a brief paragraph on their “Reaching Low-Income Hispanics With Nutrition Assistance” web page. “Mexico will help disseminate this information through its embassy and network of approximately 50 consular offices.”
Sessions isn’t simply concerned that the USDA has eschewed transparency with their Mexican partnership or that legal immigrants are encouraged to get on the government’s handout rolls — he is also worried about the lack of protections against undocumented immigrants receiving benefits for which they are not qualified.
As the senator detailed in his letter to Vilsack, and the USDA’s 2011 Guidance on Non-Citizen Eligibility for SNAP explains, although undocumented immigrants are usually not eligible to enroll in SNAP, illegals may enroll their eligible children.
It is up to the states to determine if applicants or households are qualified aliens. In some circumstances, SNAP benefits can be conferred upon people who merely state, upon penalty of perjury, that they are in the country legally.
“Applicants need only attest that they are citizens of the United States, and the state must accept that attestation as conclusive,” Sessions explained in his letter.
Mexico is the only country with which USDA has a nutrition assistance outreach partnership agreement.
Full article from the Daily Caller is here.
The government is using Spanish soap operas to encourage non-citizens into the food stamp program. We are desperately trying to hang on to America’s top ranking in food stamps, ponzi schemes and prisons. Your government at work!
The government has been targeting Spanish speakers with radio “novelas” promoting food stamp usage as part of a stated mission to increase participation in the Supplemental Nutrition Assistance Program (SNAP), or food stamps.
In addition to the Spanish-language outreach, the USDA is also pushing to get non-citizens enrolled in the program. The radio novelas overcome one of the hurdles the agency has identified as hampering participation: “lack of knowledge” about the program.
“Although many non-citizens are now eligible for SNAP, SNAP participation has been historically low among eligible non-citizen households,” reads a 2011 Guidance on Non-Citizen Eligibility.
In the 1970s, one in 50 Americans were on food stamps — today that figure is one in seven. SNAP spending has doubled since 2008 and quadrupled since 2001.
Read the full article from The Daily Caller here.
Posting from the Freedom Fest in Vegas,
We have hit a new low ladies and gentleman. Our very own Department of Agriculture is actively trying to push more and more people into the food stamp program, or SNAP. The reason? They think it is an economic stimulus! Only Paul Krugman could be proud of such a stupidity. From the USDA’s website:
The Supplemental Nutrition Assistance Program (SNAP) is the cornerstone of the Nation’s nutrition safety net and an investment in our future. The FSP offers the opportunity for improved nutrition and progress toward economic self-sufficiency for participants. Even a small increase in SNAP participation can have a substantial economic impact since every $5 in new SNAP benefits generates $9.20 in additional community spending.
But wait, it gets even better. They also suggest Americans throw food stamp parties to encourage their neighbors to sign up. Also from the USDA:
Throw a Great Party. Host social events where people mix and mingle.
Make it fun by having activities, games, food, and entertainment, and
provide information about SNAP. Putting SNAP information in a game
format like BINGO, crossword puzzles, or even a “true/false” quiz is
fun and helps get your message across in a memorable way.
For more, please see these links here and here.