Shortly after 1pm ET, the shares of Dollar General and Dollar Tree tumbled after it was unveiled that President Donald Trump’s budget was proposing to effectively abandon food stamps, slashing the program’s traditional cash payments and substituting them with packages of “100% American grown food” for recipients. According to Bloomberg, this would represent “one of the biggest shakeups of the US food stamp program in its five decade history.”
The reason why deep discount dollar chains were sold off on the news is because they are particularly vulnerable to changes in the food stamp program as they largely cater to less affluent shoppers: according to Gordon Haskett Research Advisors, Dollar General and Dollar Tree have signaled that food stamps account for roughly 5 percent of sales. Shares of Dollar Tree fell as much as 3.7% to $103.68, while Dollar General was down 5% to $93.48, the declines wiping out gains by the two companies in 2018.
Other retailers would also be affected, if to a lesser degree: if implemented, the Food Stamp overhaul would impact a broad swath of the grocery industry, including Walmart and Kroger. The food-stamp program served 42.2 million people during the 2017 fiscal year, with many spending the benefits at supermarkets.
Why the dramatic overhaul?
Unveiled in Trump’s budget proposal, the food stamp plan is part of an effort to reform SNAP and save a projected $214 billion over a decade. According to Bloomberg, the proposal would give all households receiving more than $90 a month in cash a food-aid package that would “include items such as shelf-stable milk, ready to eat cereals, pasta, peanut butter, beans and canned fruit, vegetables, and meat, poultry or fish.” Cash payouts would be gradually phased out.
For America’s farmers, this implicit government demand-side subsidy was slam dunk, and their euphoria was palpable.
Trump judges…….The Purge!
I’d rather be judged by 12 than carried by six.
That great lyric from Ice Cube has more bite and meaning in the run up to the 2020 election. Now we have the investigation of the investigators. The Mueller investigation and everything it has encompassed is now being scrutinized. We are finally looking at indictments and guilty pleas from the corrupt cabal that tried to bring down, frame, jail and impeach a duly elected, INNOCENT president and anyone in his sphere. Getting to the point of investigating the investigators has been a long hard slog.
We did not foresee how really deep and treacherous the swamp really was. You could investigate, indict and try someone like a Hillary Clinton for example, and someone of authority in that chain is a corrupt actor from the Deep State and you will then see the guilty party skate free. Or you can have a completely innocent Mike Flynn, Roger Stone, George Papodopoulos railroaded by a corrupt judge. The Michael Flynn case is the most glaring. The DOJ has dropped the case and charges against him and in an unprecedented move the judge does not drop the case, he extends it as if he is the prosecutor.
So there is a light at the end of the tunnel my friends. Donald Trump has been appointing a record number of federal judges. This is a brilliant move and somewhat frustrating and time consuming. But there is a method to the madness. Why investigate, indict and try just for a Deep State judge to let the guilty party walk free? Donald Trump has appointed over 300 judges and counting. More will be appointed to the bench and now there is a more likely chance when the guilty parties are tried, there will be justice. So there is a silver lining in this swamp covered cloud.
By Michael Ameer
The reckoning of the fake news media.
Karma, the sweet smell of poetic justice, the bully gets punched in the nose in the end! Fake news finally gets counted out and David to the Goliath is a teenager named Nicholas Sandmann the MAGA hat wearing unassuming media slayer.
Nicholas Sandmann and his legal team has announced a settlement with The Washington Post on their $250 Million dollar suit. This comes also on the heels of the multi-million dollar suit against CNN. They have stated 2 down and six to go. Here is their list:
NBC, CBS, ABC, NYT, Gannett, Rolling Stones.
Many have tried to get the media companies to report fairly but even Billionaire hardball players like Donald Trump are impotent against the media smear machines. Politicians, celebrities and any adults in the public realm have diminished rights when it comes to defending their reputation against lies and attacks from media behemoths. This is a sad state of affairs and what’s lead to the monumental rise of fake propaganda news.
In steps Nicholas Sandmann who was wrongly accused by many media outlets when the story broke of belligerent teens harassing a Native American man beating a drum in a rally. There were duel rallies in the area. Since the teen was wearing a MAGA hat the news media or better yet fake news media went into overdrive bashing the kids. When the whole video was viewed any honest person could see the kids did nothing wrong in the whole confrontation. But this blatant truth means nothing to fake news. They hate Trump so lies are okay as long as it hurts their intended target. Nicholas Sandmann is a normal American well behaved teen. With him being a teen or minor the laws give him protections not afforded a public figure. So he could aggressively defend himself with a good legal team. Now truth and justice has a chance to rule and not the mob rule of the left. If this could happen more often we would have a more honest press. But we know they have financial donors and backers that pay them to spread these lies so we will have to see what is coming down the pike in hopes there will be more honesty in reporting. But don’t hold your breathe.
By Michael Ameer
Should the media and politicians be held responsible for fraudulent hydroxychloroquine reports?
Saying a drug that clearly works, doesn’t work is Trump Derangement Syndrome beyond comprehension.
The Lancet Study on Hydroxychloroquine was fraught with errors and incomplete data. It was thrown together to let the world know that hydroxychloroquine doesn’t work. Well that study was retracted. A Henry Ford Health System study found the drug helped patients with COVID-19. Just as the president was saying. Trump mentioned HCQ and the collective mainstream media went into overdrive to prove him wrong. And once again Trump accused of lie of the century turns out to be right. He was clearly right in the beginning. The media said the drug could cause harm if not used correctly. That could also be said about aspirin or any drug.
Taking this derangement one step further was governors making it hard to get HCQ and banning it in some places from use. Now we know in hindsight the drug works and these politicians and media companies as CNN are libel for deaths of Coronavirus patients that died when a life saving drug was readily available in stockpile. Also the governors sending the elderly with COVID-19 into nursing homes with the most vulnerable also caused many unnecessary deaths. Weren’t we told we had to save our grandparents? If we loved them don’t visit them to be safe? So why would governors send COVID-19 patients to nursing homes when they (New York) mainly was provided thousands of empty hospital beds on the navy ship and the convention center?
I have been following these people long enough to know these things are not an accident. Germany and Israel sent the United States millions of tablets of HCQ. They were at the ready and cheap. It’s been used for malaria since the 1960’s so the side effects have been tested, it is safe. Boris Johnson, British Prime Minister was saved with HCQ. Thousands around the world have been saved with this drug. So we must ask the question when will the media and politicians be dragged into a court of law for their negligent reckless reporting?
By Michael Ameer