"I've never found you could lower costs by spending more." --Manchin

[live love laugh]

Ever heard of buying in volume Joe?

POS

[Ferrets are Cool]

1. Just STFU you reichwing wannabe.

[markie]

2. seriouslyMr Manchin?

did he really say that??? pretty stupid thing to say

[ProudMNDemocrat]

3. He must never have stepped inside of a Costco then....

That is how we not only save money and Costco still makes a profit. Examples of a good business l.

[aeromanKC]

4. Guess Manchin doesn't have to shop at Costco.

I would say must be nice, but I like Costco!!

[MurrayDelph]

14. Costco is the best market in my area

Other options are Safeway, Fred Meyer, Natural Grocers, US Chef (sister store to Smart and Final), and Wal-Mart.

[JasonMain]

5. That is literally the entire global business model.

[doc03]

6. How much does a continuous miner save you in labor costs?

[krispos42]

7. Investment and bulk purchases are unknown to him?

Jeez.

I spend $300,000 to buy a new mill-turn machining center. Because I bought that, I can make a gizmo complete in the machine instead of the previous three-operation method of "turn one side, turn the other side, and mill features".

Now it takes half the time to machine it. I'm able to lower my price to my customer by 10% AND increase my per-part profit by 10%. I'm being more competitive!

At this rate, the machine pays for itself in 6,000 parts if the profits increase by $50 per part, 12,000 parts if the profits increase by $25 per part.

If the machine can machine 5 parts per hour, that's 200 parts per week, 830 parts per month. It's paid off in between 8 and 16 months... and the machine has a useful life measured in decades, not months.

He's an idiot.

[doc03]

8. The investment your corporate buddies invested in

you paid off.

[lame54]

9. It's called investing, jackass

[Joinfortmill]

10. Exactly right.

[SergeStorms]

11. Costco based an entire business strategy.....

on the premise of buying in volume to lower prices. They seem to be doing alright, and people will actually pay a membership fee to join!

[WhiteTara]

12. He's doing his part to deflect

from his daughter's legal woes.

[modrepub]

13. Don't You Have Some Coal Consulting Money to Count?

Or other federal money to pilfer from blue states?