From the Wall Street Journal via Vox: The Dollar General CEO just accidentally made clear how screwed up the economy is, “The economy is continuing to create more of our core customer.”
Living from ketchup bottle to ketchup bottle:
Vox Excerpt:
Here’s a grim picture of the state of the American economy: The CEO of Dollar General explained to the Wall Street Journal why things are looking up for his company.
Dollar General, with about 14,000 stores across the country and a $22 billion market value, targets customers making $40,000 a year or less. They are expanding, CEO Todd Vasos told the Journal.
Why?
“The economy is continuing to create more of our core customer,” Vasos said.
This is how he described the typical Dollar General customer: “Doesn’t look at her pantry or her refrigerator and say,‘You know, I’m going to be out of ketchup in the next few days. I’m going to order a few bottles. The core customer uses the last bit of ketchup at the table the night prior, and either on her way to work or on her way home picks up one bottle.”
How does Paul Ryan fit into all that? Easy.
During this past summer, Ryan paid a rare visit to Janesville to celebrate the grand opening of the new Dollar General warehouse. At that event, Ryan said that his tax and regulatory reforms helped bring Dollar General to Janesville.
I don't know exactly which of Ryan's tax and regulatory reforms helped bring Dollar General to Janesville, versus say, to Illinois or Indiana. So I asked that same question in my original June blog posting. Of course no one from Ryan's office ever responded.
I asked the same question of Dollar General's local management team since they were giddy over Ryan's remarks and also gave the Janesville congressman much credit for their continued growth and success. As expected, no one from Dollar General responded.
I don't think Ryan and Dollar General employees were being dishonest or hamming it up for political theater. Simply asking them which of Ryan's reforms helped them prosper was my effort to get better informed. Instead, they gave credit where credit is due - to Paul Ryan. And he was accepting.
More from the Vox feature, which you should read in full.
1 comment:
Can't help wondering if Matt Kenseth's DG sponsorship mat be related to Ryan's supposed championing of the 99-cent store.
I live in central Wisconsin, and we have Family Dollar stores, which I buy things like dish soap, toilet paper, and cleaning items. Yet I realize that these stores are utilized by many in our communities as essential to be affordable to "live."
Our rulers have this so figured-out economically, so that ordinary people are targeted to have a bad outcome in their lives.
Paul Ryan represents Dollar General, Farm & Fleet, Grainger, Foxconn--though certainly not GM or Parker Pen.
Ryan is such a blatant liar, yet why does his CD keep electing him???
Post a Comment