Conspiracy Alert: Wal-Mart Is Responsible For Bad Economy
Posted by Casey on February 19, 2008
We’ve all heard them before. It is the big bad corporations who really secretly control everything on Earth. They have uber super secret resources, and membership to micro-manage the entire planet. If the economy is good … it’s a conspiracy by the big corporations to rape you in order to make more profit. If the economy is bad … it’s a conspiracy by the big corporations to rape you in order to make a profit. Guess who the big bad evil corporation is this time around? Well, aren’t they always the evil ones?
Defying the gloom that many retailers are feeling, Wal-Mart Stores Inc. expects a more profitable year selling to penny-pinching shoppers after its renewed focus on low prices paid off over the holidays with a 4 percent rise in fourth-quarter profit.
The world’s largest retailer, emerging from a yearlong turnaround effort after sales stumbles in 2005 and 2006, said Tuesday that aggressive holiday discounts and improvements in its more than 4,000 U.S. stores boosted sales despite consumer worries.
I wonder how many of Wal-Mart’s detractors will acknowledge that Wal-Mart is making sure that people have solid paying jobs, and inexpensive goods to ease the burden of a slowing economy.
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