Sunday, October 19, 2008

Let's Blame Wal-Mart for the Economic Woes

Ok, so I put a few common sense factoids together and came to the conclusion, that essentially Wal-Mart can be blamed for the common Americans sense that the economy is faltering.
Before the "economic mortgage-driven" crisis, most Americans already claimed they felt an economic pinch. The press likes to talk about "the economy, worries about the economy" blah, blah--but often don't articulate what that actually means to a middle class American.
Scanning a few recent interviews--you can easily see that most Americans (before the mortgage nonsense) cited their biggest concern was fuel prices. Cost of gasoline, heat and then general goods rising, because of those costs.

After scanning some newspaper articles, one can easily stumble upon the general info that one of the main reasons that our gasoline is so expensive (and now has come down a bit in price) is due to the demand in China. Now why is demand up in China?? Well their economy is growing & manufacturing is up. Who is growing China's economy? Well the average American addicted to cheap Chinese goods from Wal-Mart, that's who. Wal-Mart loves China and as long as nobody is checking their labels or buying American made, why do they even bother worrying about gas prices? Not to mention when companies are forced to move to other nations to remain competitive....What comes around, goes around.

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