Content By: The Coming Depression Editorial Staff (dates cited below)
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homeless grocery cart

“We recognize these are tough times and more people are food-stamp-eligible,” Costco Chief Financial Officer Richard Galanti

It is concerning that food stamps can be used in a store that requires membership fees. While it is commendable to believe that people should be able to get the most for their money in terms of price paid it would appear that the use of food stamps in a store that charges a fee for membership is odd.

If you can not pay your living expenses and need food stamps, how will you pay $ 50 – $ 100 per year in terms of membership Costco? It’s great that Costco is accepting food stamps for those who need it, but in what need are they really? This is socialism run amok. The basic tenants of survival are food, clothing and housing. If you can not manage them for yourself then it is time to re-evaluate. Everyone needs a little help sometimes, but if you buy club memberships, then you should not need government assistance.

Costco to accept food stamps nationwide
Oct 28 02:49 PM US/Eastern

PORTLAND, Ore. — Costco Wholesale Corp. said Wednesday that it will start accepting food stamps at its warehouse clubs nationwide after testing them at stores in New York.

It’s a big about-face for a retailer that has catered to bargain-hunting but affluent shoppers, and it’s a sign of the grim reality facing retailers and their customers. The number of Americans relying on government food subsidies to eat recently hit a record 36 million.

Costco, which is based in Issaquah, Wash., began accepting food stamps at two stores in Brooklyn and Queens in May under political pressure from officials who worked with the company on opening a club in a redevelopment area in Manhattan.

The company quickly expanded to all six of its stores in New York state.

Company officials said they had doubted many customers would use food stamps but it turned out new members said they were joining precisely because the company accepted the assistance program.

“We recognize these are tough times and more people are food-stamp-eligible,” Costco Chief Financial Officer Richard Galanti said Wednesday.

This entry was posted on Wednesday, October 28th, 2009 at 5:26 pm and is filed under All Posts, Poverty. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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