10 posts in this topic

Posted

Looks like the Affordable Care Act has another potential critic: Wal-Mart (WMT).

The discount retail giant mentioned the ACA as a potential factor that will hurt consumer spending this holiday season on an analysts press call Thursday.

"While it is not coming through in customer research, we do know that some of our customers are concerned about the impact of the Affordable Care Act," Carol Schumacher, vice president of investor relations said, according to the Wall Street Journal. "For many of our customers, having to afford health care and insurance may be another line item in their personal budget that they may not have had to cover previously."

The retailer listed many reasons consumers might pull the purse strings tight this shopping season, and specifically pointed to the individual mandate requirement of the ACA as having the potential to weigh on consumers

Share this post


Link to post
Share on other sites

Posted

while its not in any research, I'm a biased person so I'll spew lies anyway. -walmart

 

how can you take walmart seriously, their entire business model is to shift costs to the government by keeping wages low

Share this post


Link to post
Share on other sites

Posted

This law is insane. People are now being advised to lower their income in order to qualify for subsidies. There's never been anything more economically-depressing passed in this history of this country.

3 people like this

Share this post


Link to post
Share on other sites

Posted

Sure it's going to hurt spending, but not this year since people don't have to pay into it yet.

Next year undoubtedly consumer spending will be down.  Higher expenses = less money to spend.  Pretty simple concept.

Share this post


Link to post
Share on other sites

Posted

"While it is not coming through in customer research, we do know that some of our customers are concerned about the impact of the Affordable Care Act..."

Wait, that isn't customer research? Asking a customer and getting a response?

What does it matter, though? What will change between now and the holiday spending time that would change this? I would say the best bet is to keep quiet, and let the statistics be the proof after the holidays.

Share this post


Link to post
Share on other sites

Posted

This law is insane. People are now being advised to lower their income in order to qualify for subsidies. There's never been anything more economically-depressing passed in this history of this country.

I'm not sure what your point is here... If you lower your income there are all kinds of subsidies you can qualify for and this has been the case since before I was born...

 

If I lower my income I can qualify for:

 

  • Food Stamps
  • Utility Rate Subsidies
  • Home down payment grants
  • College grants
  • Etc...

Obviously, if you put any government subsidy in place for a poor person than a non-poor person could also qualify if they too became poor. Again, I fail to see your point here...

Share this post


Link to post
Share on other sites

Posted

Wal-Mart depressed me -- I'm suing for emotional distress. :cry:

Share this post


Link to post
Share on other sites

Posted

while its not in any research, I'm a biased person so I'll spew lies anyway. -walmart

 

how can you take walmart seriously, their entire business model is to shift costs to the government by keeping wages low

So I assume you feel the same way about Target, since they pay their employees less than Walmart. Well... other than the CEO, that is. He makes 28 million a year.

 

I lived in Minnesota, where Target is based, for 30 years. They have done an excellent job creating the illusion that they are better to their employees than Walmart. They're not.

 

http://www.huffingtonpost.com/ralph-nader/target-walmart_b_4254981.html

 

Oh, and Walmart will be fine. Not many people are signing up for the ACA anyway, so holiday sales should be brisk this year.

Share this post


Link to post
Share on other sites

Posted

So I assume you feel the same way about Target, since they pay they employees less than Walmart.

 

http://www.huffingtonpost.com/ralph-nader/target-walmart_b_4254981.html

 

why wouldn't i

 

i don't shop at stores where you can buy tv's and groceries in the same spot.  though i don't know if target is as politically involved in killing minimum wage laws or union formation 

Share this post


Link to post
Share on other sites

Posted

An enemy of my enemy is my friend

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0

  • Recently Browsing   0 members

    No registered users viewing this page.