CNBC: “Wal-Mart Warning of Democratic Win”

I worked for walmart for 13 years and loved every minute of it. good company to work for ,had great insurance. so why donot you talk to some of us instead of running your mouth.

Take a look at the column to your right (8/5/08)—the closing bell hasn’t even rung, and WMT has already broken the $60 barrier—a milestone that hasn’t been seen in a while.

It’s proof enough that the real world is patronizing WM, more than ever (and could care less about the daily ramblings from the ddrb’s and Ken V’s of the world)…

(Insert smug grin, here)

Yeah, bb, the economy is in the toilet and Wal-Mart crawls it’s way back over $60.

It’s proof enough that...

What’s good for Wal-Mart is BAD for America!

WalMart must subsist off the poverty cycle and perpetuate the downward slide of the American middle class. Bush has been just perfect for that evil upon the American workforce and America’s families, another ungodly Republican economic nightmare on behalf of the WalMart psychopath cult leaders in Bentonville.

‘Save More. Live Better.’ Was meant for the Walton family multi-billionaires, not America’s workforce.

WalMart- Let us tell you how much money we are saving you while we drive you to the poor house and telling you how to vote.

Republican “Class Warfare”
Posted January 23, 2008 | “Republican Class Warfare”

In his excellent new book, The Squandering of America: How the Failure of our Politics Undermines our Prosperity, Robert Kuttner writes:

“Between 2000 and 2006, the productivity of American workers increased by 19 percent. But the total increase in the wages paid to all 124 million non-supervisory workers was less than $200 million in six years—a raise of $1.60 per worker—not $1.60 per hours but a grand total of one dollar and sixty cents in higher wages per worker over nearly six years! Labor market researcher Andrew Sum of the Northeastern University Center for Labor Market Studies compares the $200 million for workers to the $38 billion paid in bonuses alone by the top five Wall Street firms during the same period.” (Kuttner, p. 21)
For many years now scholars and journalists including Robert Kuttner, Kevin Phillips, William Greider, Barbara Ehrenreich, Noami Klein, and others have provided a mountain of data showing that Republican Party rule has produced greater inequality in America, and that Republican class war policies have enriched the few at the expense of the many. With the current economic meltdown millions of Americans might be starting to wake up to the new reality brought on by years of unbridled greed masquerading as economic policy.

!Deep inside the engine of our capitalist economy is a powerful incentive for the owners of society’s productive forces to do everything in their power to discipline labor and to push workers’ wages down as low as possible. This imperative manifests itself in the form of crushing labor unions, outsourcing jobs to low-wage countries, exploiting immigrant workers, slashing social programs that benefit low-income people, and silencing the collective strength of working-class people generally. Beginning with Reaganomics, through Rubinomics, and on to Bush’s Kleptonomics, the Republican Party, (and its enablers inside the Clintonite Democratic Leadership Council), have set the economic agenda. They have been gleefully dancing on the heads of working people in this country for decades.

This class warfare directed against the average working American with the aim of holding down wages contradicts the necessity for capitalism to sell goods and services to these same cash-strapped workers. In other words, when capital succeeds in keeping wages low (especially in times of increased labor productivity) it constricts consumption and eventually produces crisis.

Kuttner writes:

“The prices of things that enable Americans to be middle class have been rising far faster than average prices. Official inflation statistics understate the real cost of living. Young Americans are increasingly reliant on the unequal wealth of their families of origin. The time squeeze on families has increased the stress of raising children in an era with two working parents and no new social supports. And, quite apart from incomes stagnating, new forms of economic insecurity have increased, such as dwindling health care and pension coverage. . . . [T]he costs of college education, housing, and medical care have greatly outpaced wages and average prices. It just happens that the prices that have risen most steeply are those of the big items that signal entry into the middle class.” (Kuttner, pp. 22-23)
Add to these rising costs for the average working American the shredding of the social safety net, the Department of Labor turned into a union-busting institution, and President George W. Bush’s tax cuts for the wealthy and corporations and his vetoing of social legislation such as the S-CHIPS children’s health benefit, and we see the Republican class war at its ugliest.~~~~~~~~~Joseph Palermo,Huffington Post

Abolish the estate tax!.

Yet now it only applies to the rich.

So poor; so poor; this American.

Ronald Reagan spoke of trickle down economics.

And so Walstreet; leafs; on a tree; do you know you a leaf?

And what; crazy as it seems;

Would Walstreet be without one single element;

Science; greed; poetry; psycholgy; and rhoumar?

15% investment tax; flat tax; level field globally;

Required within five years.

As rich as they are (they are); some kind and some decadent (Walton’s specifically); ............................

The estate tax rich and small;

Has never been fair.

Continue upon this path of kindness - fairness;

15% to 10%;

True dollar value (that one’s for Bernanke);

............

...

Or not.

Difference creates (monetary value specifically);

All unenforced laws already on the books;

Deception.

Equal the playing field;

Enforce the law;

Let invention and vision;

Be the true creation of profit.

Case in point -

And tell me explain to me why it true.

You can watch the Olympics in almost every single country; except America.

You can form a union in China; but not America.

And yet I still say - the estate tax should be abolished.

Against the first two -

But not the third.

Why?

Forget - you can watch the olympics in every single country on you-tube;

But not in America.

?

Huh.

Speaking of the Olympics, Greg Penner,newly installed member of WalMrt Board of Directors and Rob Walton’s son-in-law,is on the Board of Baidu,a Chinese internet search engine.~~~~~~~~: Baidu Signs Cooperative Agreement with China Netcom
BEIJING, April 8, 2008 /Xinhua-PRNewswire/—Baidu.com, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search engine, today announced the signing of an agreement with China Netcom Group.

According to the agreement, Baidu’s leading Internet search service will be leveraged to help CNC Internet users find information they need online more efficiently by powering a jointly designed search page that users will be redirected to after they attempt to visit an incorrect or nonexistent URL.

“We are determined to become the leading provider of broadband communications and multimedia services in China,” said Yiming Fang, CNC’s general manager of media business. “ The synergy between Baidu and CNC will be enormously valuable for all of our customers.”

“As one of the 2008 Beijing Olympic Games sponsors, CNC commands an extensive customer base and shares core values with Baidu, such as a commitment to providing user-oriented services. These commonalities served as the foundation of our partnership,” added Haoyu Shen, Baidu’s vice president of business operations.  Baidu is increasingly lending expertise in search and product design and development of business models to partners. We find these types of partnerships mutually beneficial.”

“CNC is the leading national telecom operator with dominant market share in northern China,” Shen continued, we are confident that this agreement will strengthen Baidu’s position as the search engine partner of choice for telecom operators seeking to improve services for customers.

China Network Communications Group Corporation (China Netcom) is a leading broadband communications and fixed-line telecommunications operator in China. The Company aims to pursue innovation and growth with a goal to be a “broadband communications and multimedia services provider”.

About Baidu

Baidu.com, Inc. is the leading Chinese language Internet search provider. As a technology-based media company, Baidu aims to provide the best way for people to find information. In addition to serving individual Internet search users, Baidu provides an effective platform for businesses to reach potential customers. Baidu’s ADSs, each of which represents one Class A ordinary share, are currently trading on the NASDAQ Global Select Market under the symbol ‘’BIDU’’~~~~~~~~~

Take a look at the stock quotation at the upper right side of the page,today,August 7, 2008,. It’s minus $1.93. BELOW the $60 mark ,DOWN from earlier this week when the stock rose BECAUSE oil prices fell.(Insert smug grin here)

Correction: MINUS $1.98 !

MINUS $2.29!

“equal time”

I’ve got a lot

of catching

up to do

to get close to ddrb

Take a look at the column to your right (8/7/08)—the closing bell hasn’t even rung, and WMT has already dropped like a rock ,WELL BELOW the $60 barrier—a milestone that it hadn’t seen in a while.

LIVE QUOTE
NAME LAST CHANGE % CHANGE
Wal-Mart Stores Inc 58.25 -2.51 -4.13%
Target Corp 46.33 -1.68 -3.50%
JC Penney Co Inc 33.92 +2.32 +7.34%
% ~~~~~~~~~ NOTE:J.C. Penney is UP +7.34~~~~~~~It’s proof enough that the real world is NOT patronizing WM, more than ever (and care about the daily ramblings from the ddrb’s and Ken V’s of the world)…(Insert even more smug of a grin,here!)

(Insert smug grin, here)

Oops!  57.84 -2.92

Wonder if “Lee” dumped his shares @ $60

Ops-I guess they did it again!* MINUS $2.95 NOW!----------(*Courtesy of Britney McCain,er,I mean Spears.)

Ken V,

Isn’t it funny, that to you, if Wal-Mart’s stock price is going up, a one day change ISN’T important, but, if it goes down, it’s major headlines!!  Check back in a few days!!  I seem to remember, that not to long ago, people here said it would never reach $50 a share!!

I seem to remember, that not to long ago, people here said it would never reach $50 a share!!

I don’t know who “people here” are but what I’ve been saying all along whether WMT is trading at 45 or 55, daily stock prices have little or no bearing on the company or it’s business model.

As for a $3.80 drop, all I can hope is that it was caused by profit taking. All those poor snooks that have been holding Wal-Mart stock since 2000 finally have a chance to at least break even.

Take your profit from the Beast’s capitalization and invest it in a decent company.

Historical note: WMT has not split during the tenure of H. Lee Scott, Jr.

“Historical note: WMT has not split during the tenure of H. Lee Scott, Jr.”

While this is true it means nothing since Walmart’s last split was a few months before he took over and Costco and Target both last split a few months after he took over Walmart.  Also if Walmart’s stock prices mean nothing about the company why do you get so excited when they go down, and so defensive when they go up?

“Historical note: WMT has not split during the tenure of H. Lee Scott, Jr.”

Nice try, but, the fact is, that hardly ANY stock has split since then!!  But, some have split, in what is called a “Reverse Split”, where you end up with LESS shares then you started with!!  Some examples of this, are PALM and REDBACK!!

Oh, now all of a sudden we want to compare Wal-Mart to others, huh?

I’m sorry this reflects so badly on Lee Scott but facts are facts. Prior to Scott taking over at the helm, Wal-Mart stock split on an average of every 2 - 3 years. Since he runs things, zero splits! (They should have split when they had the chance, that brief window when WMT hit $60.)

2 : 1 Stock Splits ‘80, ‘82, ‘83, ‘85, ‘87, ‘90, ‘93, ‘99.

What’s good for Wal-Mart is BAD for America!

Oops!  57.84 -2.92

Things were down all over, yesterday, so it’s as you said—no biggie.

—no biggie.

Bwha-ha-ha-ha!

“Our priorities are that we want to dominate North America first, then South America, and then Asia, and then Europe,” Wal-Mart’s President and CEO David Glass told USA Today business reporter Lorrie Grant November 10, 1999.