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Walmartization?
I recently read an article that was very negative about the effects Wal-mart has had on the economy. I would link the article, however it was full of so many mis-statements and downright twisting of statistics I think it a disservice to the reader to subject them to the class warfare nonsense.
Rather, it seems better to just pose the question is Wal-Mart good for the US?
I have personal experience with the destruction Wal-Mart can have on a community, having said that destruction is not always a bad thing. My father owned a rather large sporting goods store in a small community, it was roughly the size of a Big 5 store with a mix of goods tended toward hunting and fishing. The store was very prosperous, I won’t go into the numbers because it is irrelevant but it was prosperous. That little store provided a good living for my father and three “nowhere dead-end” jobs suitable for retirees or highschool kids which I was at the time. Having said that, the only person at that store who could have been considered a “career” person would have been the owner. The rest of us were just biding our time or working for pocket cash as in the case of the “part-timers” my father employed.
That little store was put out of business by Wal-Mart, our store simply could not compete with Wal-marts buying power, and we bought “wholesale” at the same prices Wal-Mart sold retail. No matter what we did we couldn’t figure out how to go toe to toe with them, as for many items we sold price was the determining factor. So in the case of this illustration Wal-Mart was “Bad” for my father but was it bad for the community in general?
At the time I was getting paid $5 bucks an hour some of the other employees were paid more. Walmart’s entry-level pay was $9, they employed about 100 people in all skill levels along the pay curve. Many people began work there after quitting other lower paying jobs. So the net effect in our community was; several boutique style stores went out of business, hurting their owners but benefiting their employees as they were now employed by the Wal-Mart, at high wages with the option of career advancement, something that is not available in any small business.
The lower prices and higher service walmart provided raised the standard of living in the community by lowering the cost of everyday goods. Allowing their customers more disposable income. Within a year of Wal-Mart a bunch of “new” businesses opened, mainly restaurants. No doubt a result of the extra disposable income created by the savings on necessities that Wal-Mart brought.
So the net result of Wal-Mart was actually positive! Far from destroying small business Wal-Mart created opportunities for business that would not have existed without them. If you ask my dad today I think he would agree even though he is still chagrined by the loss of his store.
BBC NEWS | Americas | Obama vows to rebuild New Orleans
Greensburg, Kan, destroyed by a tornado – leveled by a tornado, I drove through this town shortly after the event and the town was, well Basically it was gone.
I also drove through New Orleans shortly after Katrina, and New Orleans was NOT gone. In fact it looked just as dumpy as it did before Katrina. With the exception that things looked a little wetter.
Now again its important to know that Greensburg, Kans. was totally gone, the tornado left it erased, as if a giant bulldozer pushed the town into a ruble pit. Nothing of this magnitude happened to New Orleans. The Big Easy, was under water in some neighborhoods for a few weeks. It was smelly, sure, moldy of course, but NOT erased.
Have you ever heard of Greensburg, Kans., it has been rebuilt from the ground up. Why – the residents didn’t sit around bitching at the government for help. They went to work. There, were no Rebuild Greensburg rallies or petitions to congress, it was just resident with shovels.
I cant imagine the mentality of people who refuse to clean up there own yards and then blame the rest of the country for the toilet of a city they live in.
Why isn’t Mobile, Al still in ruin – it was hit as hard?
I’m not sure, but I guess that New Orleans is still a wreck because the People of New Orleans wont get off their dead rear-ends and clean it up themselves.
They shouldn’t be given any Federal money, not one cent. The problem with New Orleans is not Katrina, but rather a culture of corruption in its politics and laziness by its citizens. New Orleans acts like it is the only city that has ever had a natural disaster.
Shame on YOU – New Orleans residents, clean up your own back yards.
BBC NEWS | Americas | Obama vows to rebuild New Orleans
The Arab Conspiracy to DUMP the US Dollar
At least thats what its being called. News reports have surfaced recently that the oil producing nations have been having secret meetings with the intent if dropping the US Dollar as a meduim for exchange and instead creating a NEW currency or a baskett currency. This has widely reported as some sort of ANTI-American conspiracy.
Nothing could be further from the truth. In reality, the US Congress is to blame for all the woes facing the Dollar. If the Dollar was holding its value these other governments would not want to dump it. However, as Congress continues on with its plan of massive government spending not supported by by the tax base or economic growth there can be only one outcome and that is a devalued dollar.
As the Government deficit spends (Spends Money Not Supported by Tax Revenue) they have to print money in order to do it. When you print money faster than an economy grows you devalue the money currently in circulation. Any time you have more of something the price goes down. Now if you had an investment in your neighbors house and you discovered your neighbor was going to tear the house down, would you not want to rid yourself of this investment before your neighbor makes it worthless?
Of course you would, and thats what is going on with the push to rid the world of the deflating US Dollar. Its not ANTI-American – in fact for americans who want a small Government which obeys its Constitution restrictions this is the best thing that can happen. If were lucky the rest of the world will drop the dollar and this will force Congress back in check.