Tuesday , April 8 2025
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Now a Blue Apron for the poor?

Summary:
Can't even make it up: Trump administration is proposing a major shakeup to the the Supplemental Nutrition Assistance Program (SNAP): instead of giving low-income families food stamps every month, they would give them a box of nonperishable foods. White House Budget Director Mick Mulvaney said the proposal, included in the .4 trillion budget the president sent to Congress for approval Monday, will save billions and offer families a more nutritious option. According to Politico, he also described it as a "Blue Apron-type program" Maybe Bezos or the Wal-Mart people are in there making proposals to do the whole thing and cheaper?  "save money!"?  The Trump administration has proposed giving low-income families a box of nonperishable goods instead of food stamps each month.

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Can't even make it up:

Trump administration is proposing a major shakeup to the the Supplemental Nutrition Assistance Program (SNAP): instead of giving low-income families food stamps every month, they would give them a box of nonperishable foods. White House Budget Director Mick Mulvaney said the proposal, included in the $4.4 trillion budget the president sent to Congress for approval Monday, will save billions and offer families a more nutritious option. According to Politico, he also described it as a "Blue Apron-type program"

Maybe Bezos or the Wal-Mart people are in there making proposals to do the whole thing and cheaper?  "save money!"? 

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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