Costco is one of the largest contributers to the Democratic Party, particularly to the more socialist/communist leaning candidates.
At least we can say Sinegal puts his money where his mouth is, even if he misses the irony that it is a capitalist society that allows him to foster his pro-worker environment.
Costco is all over Asia. I bet they don't pay $17/hour there.
"Costco is one of the largest contributers to the Democratic Party, particularly to the more socialist/communist leaning candidates."
THAT is precisely WHY I shop at BJ'S or Walmart because they contribute MORE to Republicans.
"Costco is one of the largest contributers to the Democratic Party, particularly to the more socialist/communist leaning candidates."
THAT is precisely WHY I shop at BJ'S or Walmart because they contribute MORE to Republicans. Plus their prices are BETTER.
I think the Times might be comparing apples to oranges here. When I think of Costco I think of bulk items--the infamous 20 gallon jug-o-mayonnaise and what have you. Wal*Mart just sells cheap crap.
THAT is precisely WHY I shop at BJ'S or Walmart because they contribute MORE to Republicans.
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Yes, COSTCO should change its name to COMMIE-CO....
I know, I know. But I love it. I can't help myself.
I have been a Costco shopper since that store opened in my town. I love shopping there and they make it very easy on their customers. I despise the fact that Sinegal puts his money into the socialist DNC and their far left candidates, but I don't see that in the store itself. The book selections are from both sides of the politcal fence and they sell lots of both. I guess it comes down to matter over political veiws.
I like Costco. I don't have to go shopping for staples, such as bread and butter and cereal and cheese and toilet paper as often, the price is half what Safeway charges, and they have superior produce.
There is little love lost between Wal-Mart and Costco. Wal-Mart, for example, boasts that its Sam's Club division has the lowest prices of any retailer. Mr. Sinegal emphatically dismissed that assertion with a one-word barnyard epithet. Sam's might make the case that its ketchup is cheaper than Costco's, he said, "but you can't compare Hunt's ketchup with Heinz ketchup."
Costco's stock price has risen more than 10 percent in the last 12 months, while Wal-Mart's has slipped 5 percent. Costco shares sell for almost 23 times expected earnings; at Wal-Mart the multiple is about 19. Mr. Dreher said Costco's share price was so high because so many people love the company. "It's a cult stock," he said.
23:1 P/E means that this is a stock that any sober investor would trurn away from. "Cult stocks" is what the dotcoms were in the 1990s, ie horrid long term investments.
Costco is way overpriced. And nobody cannot defy the axiom "Buy low and sell high".
The Costco magazine that comes to your home, did a politcal story, quoting the BBC for one those issue articles that they run. I called the editor of the magazine to complain. I told him that not only was the BBC a disreputable source, the slant of the whole story was offensive to conservative shoppers. I told him that story about Michael Jordan giving money to liberal causes but refusing to put his name behind them, saying that Republicans buy shoes too. I told the editor that Costco would do well to adopt that same policy, that many shoppers do not like politics mixed with their shopping.
He was very responsive and has never run another political article.
There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.
-- Henry Ford
> At least we can say Sinegal puts
> his money where his mouth is
You mean he puts his shareholders' money where his mouth is.........
I would shop there is Karl Marx himself was checking cards at the door.
I quit shopping at Costco after I found out about their DNC contributions. Fortunately, we have an excellent Sam's Club that's every bit as good as Costco.
Quote: even if he misses the irony that it is a capitalist society that allows him to foster his pro-worker environment.
So you want other american workers to earn less/slave wages so the goods you buy will be cheaper. Of course I'm sure you don't put yourself in the same category and take a lower wage.
I shop at Wal-Mart and Costco - they're right next to each other near my house. Both are always crowded, but Costco seems to do a better job of getting you through the checkout quickly. I wish Costco would stay open longer.
Sam Walton was a billionaire who drove an old beat up pick up truck. To me, that is just plain "cheap old b@st@rd" behavior, and not to be admired. I've done some business (very little) with Walmart as a buyer of our services, and I can tell you, that cheapness and "wring every last penny out of your suppliers and employees" mindset that Walmart started now permeates factories and businesses of all kinds. It also makes employees and suppliers bitter, for good reason. America was made great due to more things than just raw greedy capitalism. Christian principles should underly that capitalism, and the realization that people should be able to make a decent living by working. "The workman is worth his wages" as the Bible says.
I vote conservatively, but if Republicans would realize that there would hardly be any Democrats if they showed a heart and some generosity to employees and suppliers, the world would be a lot better off. The sad part is, country club Republicans WILL continue to drive working people to the Democrats, due to the same kind of cheap, greedy b@st@rd mindset that Sam Walton exhibited by being a billionaire driving an old beat up pick up truck.
I will admit, for all I know, Sam Walton may have been a Democrat. I just know from personal experience of working for both 'Pub's and conservative 'Dem's, I'd rather work for the conservative 'Dem's. Not much of a point to all this I guess, because greedy b@st@rds come in all shapes and sizes, but I do wish that people could achieve more of a balance, being capitalists without being Walmart greedy, being generous without being Costco liberal commies.