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 Is Poised To Take 2024 By Storm
Biden has unsuccessfully been able to reform any issues left by the Trump administration and quite frankly has only made it worse. Inflation and the economy is hurting everyone, especially lower income voters who ironically voted for Biden. This has set off a windstorm for Biden as his approval rating goes further down the drain. With little hopes of any major policy wins before the 2022 election, Biden’s Administration, which championed “getting things done”, has stopped before it really even got off the ground.
With 2022 around the corner we will see a slue of Republican Presidential challengers, with Trump of course, being at the center of the pack. Rumors have it that Ron DeSantis, Chris Christie, and the like of Mitt Romney will all join the nomination, however this is only rumor and speculation. Trump however, will become the nominee. It would be hard for anyone to top someone who has already been President, even a firebrand like DeSantis, who has garnered national support for a Presidential run.
Biden has failed so miserably that when a another Democrat attempts to challenge Trump’s economy compared what we are in now, it will be completely inexcusable. Not to mention the major social engineering the majority of parents and Americans are rejecting in terms of the LGBTQ Mafia Agenda & BLM. Biden, if anything, has completely destroyed the Democratic party’s chance of being a favorite with middle and upper-income voters, setting a disasters for the Democrats in 2024.
Lauren Witzke: Among Several Children on Hunter Biden Laptop, Including Chris Coon’s Daughter
Well, folks. The dam is finally breaking on what is exactly going on with the Hunter Biden laptop scandal that the corporate media has refused to cover, simultaneously big tech is clamping down attempts to use their platform to share the story. And now we know why, because it involves underage children.
This weekend, Senatorial Candidate in Delaware and America First Patriot, Lauren Witzke, has exposed the most damning allegation yet. With an official police source confirming that Chris Coon’s Daughter is one of several children on the Hunter Biden laptop.
BIG BREAKING NEWS:
“Sources close to and with deep knowledge of the investigation, have informed me that Chris Coons’ DAUGHTER in addition to seven other underage girls are also featured on [Hunter Biden’s] laptop.” pic.twitter.com/rKWlUd7ep9
— Lauren Witzke (@LaurenWitzkeDE) October 24, 2020
There are other allegations going around possible connections to foreign children being on the Hunter Biden laptop as well as several children of other politicians including one of Barack Obama’s daughter.
This only further proves Joe Biden and his entire family, and Chris Coons, are completely compromised by foreign entities and domestic deep state actors within our Government. They hold no allegiance to anything but what their masters tell them to do, because at the end of the day they are at the whims of others leaking this information and publicly destroying them and their career.
We can only imagine more damning allegations are coming to break now that we have a first look at just how explosive the “Laptop From Hell”, as President Donald Trump puts it, really is.
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