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Old 02.25.2008
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Walmart Announcement
Walmart announced that they will steadily continue to buy products from China...shoes, clothing and etc....for a total of $9 billion worth for the year 2008.

What a shame.
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Old 02.25.2008
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Good thing I don't go to Walmart too often. It's too bad such a powerhouse cannot do a little better for their home country, kwim? I'm not very 'economically educated', so I don't know their reasoning for making this kind of decision.
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Old 02.25.2008
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I don't know their reasoning for making this kind of decision.
Profit, plain and simple. Buy something from China for $1 and bring it over here and sell it for $10.
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Old 02.25.2008
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Profit, plain and simple. Buy something from China for $1 and bring it over here and sell it for $10.
Sell it to whom?

American consumers.

Don't blame Wal-Mart.

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Old 02.25.2008
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Supply & demand
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Old 02.25.2008
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Profit, plain and simple. Buy something from China for $1 and bring it over here and sell it for $10.
I understand that reasoning...BUT...you'd think they'd want to do more for the US....somehow.
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Old 02.25.2008
MIA (Banned or Retired)
  
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I understand that reasoning...BUT...you'd think they'd want to do more for the US....somehow.
New England Consulting estimates that Wal-Mart saved its U.S. customers $20 billion last year alone. Factor in the price cuts other retailers must make to compete, and the total annual savings approach $100 billion. It's no wonder that economists refer to a broad "Wal-Mart effect" that has suppressed inflation and rippled productivity gains through the economy year after year.
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Old 02.25.2008
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Sell it to whom?

American consumers.

Don't blame Wal-Mart.

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I'm not blaming anyone for anything...just stating an opinion.
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Old 02.25.2008
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blame NAFTA,free trade is destroying this country
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Old 02.25.2008
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I'm not blaming anyone for anything...just stating an opinion.
Didn't mean to imply that. That's the name of the article.
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