Hanes Ships More U.S. Jobs Overseas To Satisfy Wal-Mart

The Bailout, The Wal*Mart Economy and The Great American Fire Sale:

Hanes, what can I say, a little late to the party… There is a sickeningly long list of American companies that jumped on the Wal*Mart band wagon and not only screwed over their faithful hard working employees, But the American people and the Country that allowed them to grow and thrive. These companies don’t care about America, You, Me or even the “Wal*Mart Shoppers.

The Bailout:
It’s time to accept the fact that we really need the bailout. The question is who gets the benefits? Hanes? Mattell? Wal*Mart? An interesting effect of the bail out will be that the dollar is gonna crash. This will make imported goods more expensive. To some degree I think a boycott of companies like Hanes and their corporate ilk would be the most appropriate response by people who are upset and against the $700M-$1.2Trillion bailout that the current administration has thrown in Americas lap like a hot potato.

The Big Question and The Big Picture:
Right now people of means and their corporate instruments of doom are lining up to make A LOT of $$$$ off this bailout. The question is do we use the week dollar to demand more manufacturing jobs be returned to the US? Or in the Big Picture do we let corporate america run off with our tax dollars and our future and finish us off.

If there was ever a time for an organized boycot of American companies imported goods its right now. Wal*Mart will have to adapt. The simple fact is with unemployment skyrocketing we are finding ourselves closer to the American nightmare, where we all work for Wal*Mart.

The Bailout is a fantastic oportunity to change course. Let’s get it right.

Here is an exceprt from an editorial that I just read. It is interesting in taht it mentions “the preditor class” This is a term I have not used but find well defined. To read the entire article here’s the link:

http://www.npr.org/templates/story/story.php?storyId=95013900

I am now even more firmly convinced that there really is a predator class. The people responsible for creating and bingeing on the mortgage junk bonds, derivatives and financial insurance scams that are now being bailed out are our society’s most educated, highly trained and wealthiest professionals. The Meltdown of ‘08 was not caused by con men, crazed moguls and panicked masses. It was caused by financial bureaucrats of the baby boom generation who were paid megabucks for office jobs, who wear Patagonia fleece, $12,000 Brioni suits and read books about “reinventing the Self.”

It is impossible not to be moralistic about this. Schadenfreude is rampant, but so is worry for the innocent bystanders. “In a crisis born of greed and recklessness, pity is in short supply,” Time wrote this week.

But from a pragmatic angle, I want to know where else the predator class is preying? Managed care? The CIA? You get the point.

Already Americans broadly believe politics is low-rent at best, corrupt at worst. Confidence in the news media is a relic of the Cronkite era, even among practicing journalists. Americans are suspicious of lawyers, doctors and the clergy.

All this tells me we are wrong to scapegoat the I-bankers, hedge fund wizards and baby billionaires. We are right to worry far more broadly. Indeed, there is a predator class, but it is preying on a culture that is wounded and weak. That is our culture today; that is us. Sorry.

This financial unraveling appears to be a crisis of historic proportions. But American history in just the past 80 years shows that a crisis, economic or political, can spawn an inspiring, unifying response — or not.

BGIHN: I have long remarked on the unfortunate synchronicity of the fact that predator and creditor sound a whole lot alike.

I have to side with the House (true) Conservative Republicans on this one. One of the systemic weaknesses of the US economy is too much credit. Now we want to spend $700 billion dollars to free up more credit. It makes no sense.

Likewise, it makes no sense that the only thing anyone is sure of is the apocolypse that will occur if we don’t do the bailout.

When it comes to whether the bailout will work, or how much it will cost, or how much all this bad paper is actually worth, no one has a clue.

Any sissy can bail out the markets but it takes real men (and women) to face a depression!

There is more to life than “cheap underwear“. ~ The Peninsula Neighborhood Association

Makin’ a list, and Checkin’ it twice…

I’m making a holiday wish list for a better America tomorow. This is a list of manufacturers that I won’t be buying products from this holiday season because they laid off Americans and moved overseas. If they don’t need our people, they don’t need my $$…

Adaptec
ADC
Adobe Sydtems
American Greetings
Anheuser-Busch
Anvil Knitwear
Apple
Bassett Furniture
Bell South
BISSELL
Black & Decker
Bob’s Candies
Bose Corporation
Burlington House Home Fashions
Cooper Tools
Corning
Cross Creek Apparel
Dell Computers
Delong Sportswear
Douglas Furniture
Eastman Kodak
Ethan Allan
Evenflo
Franklin Mint
Fruit of the loom
Hagger
Hasbro
Hubbell inc
IBM
JanSport
Jockey
John Deere
Justin Brands
Kentucky Apparel…
Anything sold at Wal*Mart…

Feel Free to Add, or just call their corporate headquarters and let them know that you are voting with your wallet.

For a trillion $$$ bailout it’s time these corporartions who got rich on our 401K dollars started giving us a little payback. The list is extensive and if they all brought back half the jobs they sent away, it would make a huge difference.

Your post has a couple of holes, Bobbo…

Anheuser-Busch is in the process of being bought-out by a Belgian company (InBev).  Since the acquiring company has no brewing operations in the U.S., no breweries are expected to shut-down as part of that deal.

Bell South merged with Texas-based AT&T;(former SBC) in 2006.

BGIH: How’s about the government paying off all those PRIVATE HOMEOWNER mortgages first, THEN, do a bailout! Let some “Trickle Up’ be used to cauterize some of the greedy companies...but DON’T give out Platinum parachutes,NOR GET OUT OF JAIL FREE CARDS TO THE MALEFACTORS(OR TO RICK DAVIS!)

bbrd in
Thanks,
I ain’t perfect… yet! Quite honestly the list I got was so long it wasn’t really practical. I think a more basic list is needed. Since the rush to move manufacturing started as a trickle, and turned into a torrent. It would probably be just as effective to focus on industry leaders. Mattell was one of the first. Several companies acted as “pioneers” and helped blaze the trail for their own category. The thing that ties them all together is Wal*Mart. Let’s hope to see the trend reverse. It will be better for everyone.

China banks told to halt lending to US banks-SCMP
Wed Sep 24, 2008 9:52pmBEIJING, Sept 25 (Reuters) - Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.

The Hong Kong newspaper cited unidentified industry sources as saying the instruction from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to U.S. banks but not to banks from other countries.

“The decree appears to be Beijing’s first attempt to erect defences against the deepening U.S. financial meltdown after the mainland’s major lenders reported billions of U.S. dollars in exposure to the credit crisis,” the SCMP said.

A spokesman for the CBRC had no immediate comment. (Reporting by Alan Wheatley and Langi Chiang; editing by Ken Wills) ~~~~~~~~~~~~~~~~~~~~~~~

this is all bs

THE BIG BAIL OUT: Part Deux!

Did you ever hear stories (it’s happened more than once) where a nurse or a doctor will inject a patient with a drug to make them “flat line” and then show up to revive them at the last minute so that they can be “the hero”? Well, you are witnessing that scenario fiscally right now and you are the patient… What John McCain’s Campaign just did is right up there with the greatest political hoaxes of all time. He made a big deal out of “Rushing Down to DC” in order to save us! Then, he hid out in New York for a day, and then showed up AFTER a bipartisan deal had been reached. Our elected officials have been working to save everybody’s asses and for purely political reasons, McCain Stopped the process dead in its tracks. McCain, lagging in the poles has stopped the patient’s heart and is now going to try to take credit for reviving it. Will the debate go on tonight? Will McCain show up as “The Hero” Who Just Saved us From the Bad Deal? Or, will he milk this unfortunate situation, while things get worse, just for the sake of his campaign? We will see…

In my humble opinion (and some of my friends at CBS, We haven’t seen anything like this since the BIG FIX when the US Hostages in IRAN were released simultaneously with Reagan’s First Swearing In. And yes, He did it with his hand on a Bible.

YOU SURE ARE ,MATT!

Bobby: All McCain’t did was coast into DC for a pit stop,so he could further grease the wheels of the “Double Talk Express”.

ddrb,
He has shown that he is not the John McCain that I might have voted for 8 years ago. He’s been Borged. I’m just saying that what he is doing is totally predictable. Did you here that they want to bring Warren (Wal*Mart) Buffitt in to manage part the bail-out? Not much slips by us up here in Heaven… I’ll try to stay on topic, I promise.

I checked and it seems that all of our under garments are now made in China. I’m going to check out American Apparel. I think that they make their stuff in California. The way this election season is going I think I’m going to need to by some new underwear!

Bobby: Do we stand a “Ghost of a Chance?” ,now. This is the greatest swindle since this country’s founding,imho. Shock and Awe Economics. This is a bailout of the dirty deals ,done under the table.( Goldman Sachs financed much of the AIG loan instruments.) McCain is not a maverick ...he’s attempting to perform “magic tricks”.with Palin as assisstant. Who’s gonna pull the rabbit out of the hat? Buffett?  And will our wallets disappear ,along with it?I say pull the plug out of the hat on this deal.

Well ddrb,
I guess I don’t have to tell you where Paulson came from. But for readers who don’t know, he ran Goldman untill a couple of years ago… So you can draw your own conclusions on that one. The bailout will work. Then we need to Promptly get all these supply-side, corporate owned globalist out of office as fast as possible. It’s time to pop this Reaganomics Zit!

THE POLITICS OF DISTRACTION:
Remember Monica Lewinsky? That is what I like to call the “Politics of Distraction”. It’s funny that you used the term “pull the rabbit out of the hat” because that’s all this is, a cheap card trick at best. Keep the voting public looking over here while your doing your dirty work over there. The government has been encouraging this ponzi game for quite a while. I warned about the Fannie and Freddie collapse on an AOL Wal*Mart chat in 2004. Now, I admit I was a bit pre-mature. But in this Wal*Mart ecomomy it was bound to happen.

Monica Gate was a great distraction… Tons of $$$ pouring into Arkansas from China, Congressional and Senate Hearings, an out raged public… OH! LOOK! A SEX SCANDAL!!!! The politics of distraction. From that moment on tracking down Osama Bin Laddin was called “Wagging the Dog” Remember?

So what are we being distracted from right now? Well, I’ve got a pretty good idea. Voter Fraud.

Right ON, ddrb!

I say this country has got a long way to go before it hits the bottom.

I don’t think our leaders will get it right until we are all reduced to turning over rocks with sticks, looking for some tasty mealy worms to eat!

VOTER FRAUD:
Keeping the status quo.

Here’s what they don’t want you to be thinking about:

“There are about 30 scams the Republicans are deliberately using, particularly in the swing states to get Democratic voters off the rolls. These scams originate in the so-called Help America Vote Act which was passed after the Florida debacle in the year 2000. It was originally suggested by Democrats and Republicans but it was passed by a Republican congress with a Republican senate and a Republican president. And instead of reforming what happened in Florida it basically institutionalized all the problems that happened in Florida. And institutionalized a series of impediments that make it very difficult for Democrats to register, for Democrats to vote and then for Democrats to have their vote counted.

“One of these requirements under HAVA is called “the perfect match” and what that does is little known but it is devastating. A quarter of the voters in Colorado have just been removed from the rolls because of this - just this one scam. And what it does is they use a computer system to compare your registration application to all other government records of you in the state. So they’ll look at your social security records, your motor vehicle records and any time you’ve had any interaction with the government and if there is any information on your voter registration that is different than the information on another government record that they find they remove you from the voting rolls.

“For example, if I registered as Robert F. Kennedy Jr. and yet my motor vehicle license said Robert Frances Kennedy Jr. I’d be removed from the rolls. If your initial is different, if you leave an initial out, if you leave a “Jr.” out, if you leave a hyphen out in your name. And what they’ve done is a study in New York that said 80% of the errors are errors that were done by state clerks who are taking down this information. And particularly immigrant communities that people tend to vote Democratic, people have names â€&brkbar; spell Muhammad with an “o” instead of a “u”.

In New Jersey, which is a swing state, 300,000 voters in New Jersey were just sent letters saying that they are now ineligible to vote. New jersey is nice enough to actually notify them - most states will not even notify them. And New Jersey intends to send out 870,000 letters so that is three quarters of a million people off the voting rolls in a state that could decide this vote by 50,000 votes. And these are Democrats that are being pushed off the rolls.

More to come....

No Sex Scandals this time arround....
Guard your Wallet! But most importantly GUARD YOUR FREEDOM.

BTW:
American Apparel make there undies in Downtown LA.

This is from someone else who also is concerned about our underwear:
John McCain’s campaign manager, Tricky Rick Davis got 2 million cookies protecting the mortgage giants that are at the heart of the trillion dollar bailout the taxpayers now have to foot the bill for, from regulation- and then turns out Freddie Mac paid him another 15 Gs a month from the end of ‘05, even though John McCain claimed otherwise and dared anyone to look into it. Well, they looked. Davis hadn’t done any work of course, the scratch was merely for future access to a McCain White House.

That smarts. With the economy tanking and McCain’s poll numbers suffering (and the attendant contributions suffering as well), McCain opted for a distraction.

In the guise of a white knight, he suspended his campaign (democracy goes on holiday) and galloped down to Washington to save the day. Trouble is, he has nothing to do with the bailout process; he admittedly hasn’t even kept up with the daily drafts of the resolution.

I am trying to understand the anger toward WALMART and I think you need to back off.  WALMART IS NOT THE PROBLEM. 
It is the US manuft. companies (thousand of them) whose hunger for profit chose to pay cheap labor in Foreigh Countries.
You will see MADE in CHINA, MADE in HONDURAS, MADE in INDONESIA, MADE in INDIA..at all stores:  TARGET, SEARS, JC PENNY, HUDSON BELKS, MACY"S..
So I am not sure why the bad publicity is going all to Walmart.

Hi JustMe,
Wal*Mart was THE company that put together the mechanisms for Big US manufacturers to make the move to China. Target didn’t do it, Kmart didn’t do it. It was Wal*Mart and Wal*Mart alone. They did it in the early 90’s. It was part of a HUGE expansion campaign that left American workers knee capped and Wal*Mart the largest private employer in the World. Here’s how it worked:

Wal*Mart: Mattell? It’s Wal*Mart, how would you like a single order that would equal about a qurter of your last years sales?

Mattell: We’re listening.

Wal*Mart: We’re prepared to order two zillion barbie dolls right now and all you have to do is sell them to us at less than half of your end collumn pricing.

Mattell: That’s rediculous!!! That price is way below our cost to manufacture!

Wal*Mart: What if we could make it so you could make a profit at the price we are proposing?

Mattell: We’re listening.

Wal*Mart: There is a trade deal going down with a country that is going to peg it’s currency to the dollar AND has complete control over its workers. You move all your production there and we can guarantee that your factories will be staffed with obedient workers and we will order just for Wal*Mart the same amount of business last year. Your profit will actually go up!

Mattell: But how do we set all this up? It seems risky and complicated.....

Wal*Mart: Don’t worry! You just accept the order and we’ll make sure the transition goes smooth as silk.

The Beginning: Not the End.

Wal*Mart had secured huge ammounts of capital for an unprecidented expantion. The invasion of Normandy wasn’t as complex or as well implemented.

in 1994 Mattell toy manufacturer was making product in the USA. They had just announced their best year on record. One week later they announced that they were closing US Manufacturing and moving to China.

Wal*Mart went from vendor to vendor with the proposal. Many Balked, only to capitulate later. By the year 2000, they had become an unstoppable force with minimal competition and a bunch of venders who had no place else to sell their products.

in 1994 Mattell (sic) toy manufacturer was making product in the USA.

You 100% sure about that, Bobbo?

According to my research, neither Mattel or Hasbro has been making toys in this country since the 70’s (pre-energy crisis).

Perhaps you can enlighten us by telling us which line of toys, etc., or did you get it all wrong via your mis-spell of the coroporate name?

To JustMe in Charlotte, NC,
So you see, America used to have a manufacturing base, which in turn helped to maintain its tax base. American Companies had competition from foreign companies. People decided between Fords, Toyotas, etc. This was just normal international commerce. What happened in the 90’s is unprecidented. This is a situation where America saw a mass exedus of a huge part of its enconomy and tax base given to another country. The whole thing was engineered by the supply side politicians and their Wal*Street counter parts.

This is why all you find are service jobs in stores selling foreign made products. Yes they are in ALL the stores. It’s the only thing we have left and its a very dangerous situation.

If you look at Reaganomics their are some very compelling possitive elements. But just like all things political, there are loopholes and for every loophole there is someone with a lot of money looking for a way to exploit that loophole and gain an edge on the competition. This is “just business” or “just politics”.

The Wal*Mart Economy was put into motion at the highest level of banking and politics. Coming out of the late 80’s early 90’s we were in a severe recession. The deal with Wal*Mart was just the beginning of a bunch of short sighted quick fixes to get America spending again.

If you turn on the news you can see an end result of the “Wal*Mart Effect”. A huge collapse of the financial system. It’s easy to blame a particular bank or a group of people like “the bankers”. But what we are seeing right now is not just the result of bad lending practices. It’s the result of sending all of our real capital to China. There’s no good reason that people shouldn’t be able to pay their home payments, if we had a REAL ECONOMY! People working jobs and paying their bills. That’s normal, or at least it was. In the 70’s they blamed the lazy American Workers. In the 80’s & 90’s they Blamed the Unions. Now they have run out of people to blame so they will blame the bankers. In reality its the American people who keep falling for the same BS wrapped in a different package over and over. With a Global Economy the Rich don’t really need the average American anymore. There’s only 300 Million of us. They want a share of the 6 billion other peoples money now. We’re getting too smart.

Well, bbrd,
I’ll dig into the archives.

Here’s a link to some basic corporate info. It of course excludes any confidential info:
http://www.secinfo.com/d1tP3.b7.htm

Well, bbrd,
I’ll dig into the archives.

Here’s a link to some basic corporate info. It of course excludes any confidential info:
http://www.secinfo.com/d1tP3.b7.htm

A bit more no smoking gun though:
Mattel made two strategic acquisitions in 1994--those of J.W. Spear & Sons PLC, a British company that owned the international rights to the popular Scrabble games, and Kransco, whose Power Wheels and Wham-O (which included Frisbee and Hula Hoop) brands complemented its ever-growing products list. The next year Mattel became the new licensee of the Cabbage Patch Kids dolls, a top-notch addition to the company’s large dolls line. Both 1994 and 1995 were record years for the company, with net sales of $4 billion and $4.4 billion, respectively, and net income of $225 million in 1994 and $338 million in 1995. The company also was looking to the future; it initiated a $72 million restructuring program in 1994 to consolidate manufacturing operations and slash unnecessary corporate expenses.

bbrd,
I’ve been looking for something appropriate to aswer your request with documentation. Obviously what’s discussed amongst businessmen over drinks in 1994 isn’t going to show up on google… (thankfully) This is such old news. I’ll call someone who might have the time to dig it up....
I aim to please and will do my best.

Giving tax breaks to wooden arrows and rum sounds like a recipe for disaster.

You’ll put out a drunken eye!

According to columnist William Kristol, as mayor of Wasilla, Alaska, in 1999 she (Sarah Palin) presided over a wedding of two Wal-Mart associates at the local Wal-Mart. “It was so sweet,” Palin said. “It was so Wasilla.”

The sound you hear is Joe Sixpack gagging.