Shutdown and Money
Photo from when commissaries were to check IDs. I guess now they check SNAP cards.
We’d better hope the pols in DC get their acts together. An update on the Defense Commissary Agency (DECA):
Some military leaders are telling their troops to prepare for their on-base commissaries to close by early December if the government shutdown continues. As many as 168 locations at bases across the continental U.S. could be affected.
But officials with the agency that runs the military-only grocery stores insisted to Task & Purpose this week that the stores will be open through Thanksgiving.
Seems to me that response is just a weasel way to say “yep, that’s right.”
Task & Purpose obtained two emails sent this week by leaders of two large military units that advised troops that DECA is likely to begin cutting back on restocking inventory at the military-only base grocery stores on Nov. 14, with plans to close nearly all stores in the U.S. by Dec. 3. Task and Purpose
I realize that the commissary is not the be-all and end-all of grocery shopping, and that cheap alternatives like Wally World abound, at least in the US. But it’s just indicative of another way the Congresscritters and pols feel about the military in general. Thank God at least THEY are getting paid, right? (Ok, maybe a little sarcasm there.) The troops overseas? What, let them eat cake?
Which brings up the biggest congresscritter in recent memory: perhaps no physically, but certainly in her impact Nancy Pelosi deserves mention. Especially since she has announced she is not going to run again. Thank God And Greyhound
One thing bout SanFranNan though – she did wisely marry the absolute best investor since Warren Buffett. SHE bought no stocks, SHE did no insider trading, SHE didn’t exploit her position. He, however, is a stock pickin’ GENIUS. It’s almost like he knew something…
Before entering office in 1987, Pelosi and her husband reported between $610,000 and $785,000 in stocks in their portfolio, the Post said, citing a financial disclosure form.
Those stocks reportedly included Citibank and companies that are no longer publicly traded.
Over time, that portfolio has soared in value to $133.7 million today, the Post reported, citing estimates from Quiver Quantitative.
The newspaper said the profit of 16,930% exceeds the 2,300% that the Dow Jones had during the same time period. Fox News
I can hear the nitpickers and apologists already: “That 16,000 percent is over a very long time, 38 years!” And yes, it is… but if you divide it out you get an AVERAGE return of over 400% presumably every year, rain or shine.
Thanks for helping perpetuate the shutdown, Nancy. I’m so happy it doesn’t seem to have affected your portfolio.
Boy, do I miss Tip O’Neill.
Category: "The Floggings Will Continue Until Morale Improves", "Your Tax Dollars At Work"
The local Commisary here.
“But officials with the agency that runs the military-only grocery stores insisted to Task & Purpose this week that the stores will be open through Thanksgiving.”
is open to DOD Civilians for several months of late.
Around here Walmart and DECA are the same price, except meat which is 20% cheaper. There is no tax on base making everything 9% cheaper.
Will closing change my life? No, but it will cost me a few real dollars, probably around $100 a month.
We used to be a proper country where simple algebra was taught, the Pelosi’s annual compounding average was a whopping 14.5% over 38 years, presuming the higher reported start point and zero additional funding.
Fourteenmotherfuckingpointfive.
I’m not standing up for those two evil lizard people but keepin’ it real, that ain’t hard at all if you manage investments. Heck, my retarded-ass is up 15% this month!
Hers was not simple compounding, but yes, I chose the simplest figure. You may be up 15% but can you do that EVERY month for 40 years?
Can I? Sure, there’s a possibility I could… probability, not so much.
That’d be roughly 1.36e34 dollars. For scale, [not a banana] a commonly agreed upon number: in the observed/observable universe there are approximately 10e80 atoms.
Dream big?
A daily compounding rate of just one-percent over 695 trading days (~250/year) with paltry initial investment of $1,000 will make you a millionaire.
Two things, I’m not a millionaire. I also don’t have access to products or fees like Paul has/had. Their returns are completely reasonable given size of their initial investment and the level of expertise.
Just my opinion, conservatively, they/he/she were corrupt theyd be way better off.
I call Bull Shit. They were trading on insider information and the influence of Nan’s position. Someone that wants some legislation passed gets word to Nan and her response is undoubtedly “talk to Paul with your stock tip.”
Let them eat Lima Beans and Toast.
Oh, they were already feeding the troops Lima Beans and Toast.
Gee, I thought that commissaries and other MWR functions were not financed with taxpayer money. Aren’t they self-sustaining?
The employees are paid for by the DOD
the buildings and stock is paid for by sales
Thank you.