That's a total crock. Please show us your source on that one.

 

Hmmm.....I don't recall saying or implying this. My statement merely ties a connection between Walmart's business practices and the decline of well paying jobs.

Maybe they do. Your opinion however, not mine.

This goes to show just how utterly misinformed you are about economics and how they relate to social standards here in the US. Trust me, economics was one of my better subjects.

Sorry, as it was not my intent to make you ill.

 

Sorry OSin, I'm not going to find infomation that you can find just as easy for yourself. If you have not seen the PBS show on Walmart I suggest you do.

Don't get me wrong I'm not anti Walmart. We have about 60K shares in the company. From an investment point of view its great. But I don't shop there except for oil. If you like the store great, I love what you are doing for my stock.

 

Usually when you state something you can back it up. By your lack of a source I can clearly see you do not have any foundation to what you wrote. It's not my job to prove what you said is true or not, that is yours

 

It was clearly said on the PBS's Frontline program on Wal-Mart that it imports more than HALF of its good sold from overseas.

"By the estimate of Retail Forward, Wal-Mart now imports more than half of its non-food products." excerpt- "Is Wal-Mart good for America?"

It was a really informative program. Buy it here

Read it here...

http://www.pbs.org/wgbh/pages/frontl...ets/shots.html

The 80% number comes from the fact that 80% of Wal-Mart suppliers are in China.

"Wal-Mart prefers to deal directly with the Chinese and other suppliers, Ray Bracy, Wal-Mart Vice President for Federal & International Public Affairs, told me. "If there's a middleman in our process, even if it's a Wal-Mart middleman," Bracy said, "we try and eliminate those." From PREL's long work, Wal-Mart inherited a massive list of global suppliers, now winnowed down to 6,000 global suppliers, 80 percent in China." -excerpt "Is Wal-Mart good for America?"

 

You had a rant how Wal-Mart is ruining the country and then end with "I am not a xenophobe, people.....only concerned for my fellow Americans and their pursuit of the American dream (which is slowly slipping away)". You might want to re-read what you wrote because you clearly implied that Wal-Mart was contributing to people’s problems with achieving the American dream.

As far as being "utterly misinformed" I feel pity for you. Not being able to take responsibility for ones self is not a trick that can be taught to an old dog. This is the type of thinking that does make me ill.

The scary trend in American society is that we like to point fingers way too much. This very thread proves this point. Maybe instead of worrying about Wal-Mart and blaming them for the decline of the American dream we should be worried about ourselves and how we will do better in our lives. I still ask if the ways of Wal-Mart are so bad then where are the threads bashing Target and Home Depot? Seems like the same lot of people that have no problem joining the mass thoughts of cursing “evil” Wal-Mart have no problem supporting other major retailers like Target and Home Depot. Companies that also have large bases part-time workers with little benefits and also dictate to suppliers what they will pay for product. The current trend of telling others to clean up their backyards before we clean up our own is the real problem.

 

Have it your way OSin, it is very hard to post a TV show. As I said keep shopping there I don't mind making money off people.

 

You can have 80% of your suppliers from china but that does not mean 80% of your product is from there. For example, Proctor and Gamble is the world's number 1 maker of household goods. P&G, a major Wal-Mart supplier, reported 3rd quarter earnings of $1.72 billion. I highly doubt you will find numbers anywhere near that coming out of China. The point is although you may have a lot of suppliers in China that does not reflect anywhere near on the percentage of China products sold in Wal-Mart. This is another common misleading fact.

 

OSin you are comparing apples to oranges when you put names like Home Depot or Taget in the mix. Walmart is the largest corporation in the world. It control 25% of the retail market.

 

Backing up what someone says it not having it my way. Don't worry though, Monsta posted the article for you.

Not a chance. Try apples and apples. Most cases you can make against Wal-Mart you can make against almost any major retailer. They all are in it for the money, they all try to stock up with part-time workers to avoid paying benefits, they all hurt the little local guys (that don’t want to offer anything new) and they all want the cheapest product they can get. If a finger needs to be pointed it should be pointed at the manufactures greed that drives them to keep up with WM and in turn decide to outsource work to other countries. Some of those fingers can also be pointed at the workers who want way too much money for certain jobs. The world should learn from Firestone when they told an entire factory to **** off during the 90’s in Decatur IL when they decided to close a plant instead of paying people $30+ an hour to push buttons.

 

First off-I dont ever recall Sears forcing small American Biz. over sea's just so they could sell a product for $.50 cheaper than the competition. The have destroyed wal-mart and I am sure Sam Walton (Mr. Buy American and Sell America) has rolled over in his grave more times than a tilt a whirl at a hill billy carnival. Give me a break-comparing sears and wal-mart. That has to be the craziest comparison I have heard! Personally I think Wal-Mart needs to "ROLL BACK" on out of town.

 

Never mind OSin you will never get it. Thats ok though I need people like you, just puts more money in my pocket.

 

I guess this is one way to admit you were wrong. I think I have it very clearly and FYI, I don't even shop that much at Wal-Mart but I refuse to blame them for what others are doing. Nobody believes in accountability anymore and for anyone that wonders what I mean by that go back and re-read what I wrote.

 

I don't even shop that much at Wal-Mart but I refuse to blame them for what others are doing.
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I do blame them for ruining some locales.

It used to be that products sold in the US were made in the US.

In Canada,we still have some Made in Canada products that were just as good as Made in the USA products.

The advent of Wal-Mart's purchasing power allows them to sell things cheaper and cause the *Entrepeneur* to eventually lose their business.

To me it isn't above Wal-Mart's thinking to leave a town after they have destroyed it.

Remember those people who had the American Dream by owning their own buisness lost out to Wal-Mart.


I buy Name Brand merchandise at Wal-Mart.

I support my local businesses in the town where I live as much as possible.

 

Nop I think most people believe in accountability. The problem we have today though is people are so concerned about only what is good for them today and never think about tomorrow.

I'm just as guilty as the next guy. At one time we only bought stock in companies we believed in but today we buy it for what we can get out of it. By the way the stock we own is from the time when Sam was in charge and we did believe in the company. But I would be a fool to not understand I can make money off there business model.

But the difference is I understand that this is not good for our country as a whole. When a company can dictate the price it will pay for a product and force companies out of business if there don't comply we have a problem.

I'll keep riding along for a while longer and making money but there day is coming. My hope though is that I'm smart enough to get out before the fall.