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Wal-Mart, the world's largest retailer, said sales at stores open at least a year climbed 3.2 percent, beating its forecast and sending the shares higher in early New York trading. Costco's sales advanced 8 percent...Wal-Mart climbed 36 cents to $57.19 at 9:43 a.m. in New York Stock Exchange composite trading. The retailer increased 20 percent this year through yesterday, the biggest gain in the Dow Jones Industrial Average.
Bloomberg.com
Isn't it wonderful? Lenin's quote, "The Capitalists will sell us the rope with which we will hang them," comes to mind. Companies like Wal-Mart, ok they are probably the main one, put the economic squeeze on American companies and rather than buy here, at a fair price, they buy from China. China, the country with the human rights violations. China, the country that poisoned our pets, and sold toys painted with lead for our children, that is where Wal-Mart does most of its buying. The last report I read stated that Wal-Mart is China's 8th largest trading partner, bigger than all but 7 COUNTRIES. And what do American consumers do? They buy from Wal-Mart, a company that has policies that put Americans out of work. Furthermore, Wal-Mart treats its employees poorly. Health insurance? They don't need no stinkin' health insurance. Meanwhile, the Walton family heirs are among the richest in America. Recently, it was stated that if the 4 main Walton heirs put their fortunes together, it would be more than Bill Gates's fortune.
Yet, we line up to buy crap there.
I realize in some parts of the country, some people have no choice because Wal-Mart has already destroyed the local economy, forcing out small businesses. But in much of the rest of the country, we have choices. Most folks I know have homes loaded with junk they don't need. Hey, just go to a couple garage sales around here, and you'll see what I mean. If the choice is Wal-Mart or starve, by all means, go to Wal-Mart. But I don't believe most are buying essentials from Wal-Mart, they are just buying crap. And others are selling out their neighbors for a few pieces of silver.
