April 17, 2017

JUST CHANGE THE NAME TO OBAMAMART:

For Profit, Anti-Poverty : No institution or agency has done more to help the poor than Walmart. (John Tierney, April 16, 2017, City Journal)

If budget-cutters in Washington decided to eliminate food-stamp benefits to New Yorkers, the city's politicians would be denouncing the cruelty of the "Republican war on the poor." Yet Mayor Bill De Blasio and the city council are already inflicting the same sort of pain on low-income New Yorkers by denying them access to one of the nation's most effective anti-poverty programs: Walmart.

When he was mayor, Michael Bloomberg supported Walmart's efforts to open a store in New York, but the company faced unremitting resistance from unions and elected officials, and it gave up the fight once de Blasio moved into Gracie Mansion. "I have been adamant that I don't think Walmart--the company, the stores--belong in New York City," de Blasio said.

Walmart's benefits are obvious to shoppers and to economists like Jason Furman, who served in the Clinton administration and was chairman of the Council of Economic Advisers under President Obama. In a paper, "Walmart: A Progressive Success Story," Furman cited estimates that Walmart, by driving down prices, saved the typical American family more than $2,300 annually. That was about the same amount that a family on food stamps then received from the federal government.

Posted by at April 17, 2017 5:55 PM

  

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