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Barack Obama  |
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Rob Kailey is a working schmuck with no ties or affiliations to any governmental or political organizations, save those of sympathy.
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Thu Feb 19, 2009 at 15:01:27 PM MST
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| One thing that has been hammered home time again by Walmart critics is that its unsavory business practices has allowed it to thrive in recession by profiting off the misery of others. We saw more evidence of that when it released its January revenue numbers: |
| WakeUpWalmart :: Walmart continues to profit from the recession |
"Wal-Mart recently announced that its same store sales in January were up 2.1 percent, which was more than forecast. With the company's huge network of stores and ability to strong-arm suppliers, Wal-Mart offers shoppers good merchandise at prices which becomes more and more attractive as the downturn continues."
The brutal truth is that Wal-Mart is profiting in the midst of misery because of policies that, like those of the financial services industry, fueled the nation's economic disaster. While banks rolled up and peddled collateralized debt packages like cheap tuna wraps, Wal-Mart's assault on America's economy came from another angle-everyday low wages. By paying the vast majority of its workers little more than the minimum wage and offering health care plans most can't afford, Wal-Mart shifted its corporate expenses to taxpayers
How much longer are we going to be forced to basically subsidize Walmart's Healthcare plan by using taxpayer dollars to pay for the care it doesn't bother to provide? |
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