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LOL you think buying from Amazon supports your economy but buying from Walmart sends money to the Waltons? Billionaire Bezos and his army of tech geeks in Seattle love people like you, it makes sure they'll be able to continue to afford $2,000 / month tiny apartments downtown.
Amazon has been putting other companies out of business for years too, they all but single handedly killed local bookstores.
Amazon is one of my area's largest employer. And it's merely one substitute against a local tax pit like Walmart. The Walmart jobs get filled by other grocers and stores that pay better.
No stores closing in Pennsylvania, at least not yet. I know of some that are less than 7 miles from each other. Those Neighborhood markets never sounded much like a good idea. If they close some stores down south or out west that don't have the sales they want, they can always open up stores in major cities where they'll have tremendous sales. Many Wal Mart stores were built next to existing stores like Sears or K marts to drive them out and now they aren't needed. I have to wonder how many Targets and K Marts are going to close next.
I had thought that this years Holiday shopping season was lackluster at best. I guess this and the other data proves it.
Last December, Wal-Mart VP Angela Marshall Brown delivered
testimony before a Congressional subcommittee on Trade
highlighting Wal-Mart’s strong support for the Trans-Pacific
Partnership (TPP) Free-Trade Agreement. In her testimony
she writes that “Wal-Mart encourages negotiators to secure
liberal rules for retail and distribution rights with no limits on
size, geographic location or merchandise assortment.†This
testimony reveals Wal-Mart’s opposition to unions, it’s
promotion of deregulating tariff and transit costs and may
seek to allow more liberal regulations on the dumping of
goods in foreign markets.
$7,000,000 (2014)
$7,260,000 (2013)
Contributions to candidates: $1,470,433
Contributions to Leadership PACs: $511,725
Contributions to parties: $254,704
Contributions to 527 committees: $19,437
Contributions to outside spending groups: $102,790
Top Recipients have been both Democrats and Republicans
Both parties support Crony Capitalism
I have not stepped for in a Walmart in over 20 years.
They call it voting with your wallet.
I also support Presidential potentials that will drive out the crony capitalists out of DC and kill off the TPP and China Trade.
Walmart among many others can be successful without the government helping them out.
It used to be get government out of business, now big business wants government as a partner to help them out.
Big Business does not give billions a year to politicians to be kind.
Welcome to the Obama economy. Even Walmart can't make it.
Walmart relies on cheap foreign labor to make it, specifically labor from a Communist Country where workers have no rights. They also are in strong support of the TPP.
Eventually Walmart will run out of other peoples money then will cry to the government for a bailout
you shouldn't cheer when 10,000 people lose their jobs. I get that you don't like the company, I am not thrilled with them either.
How do you propose we kill off the Crony Capitalists in such a way so that the workers are not hurt?
We hear all the time, if many loose their job through mergers and other tactics so execs and shareholders can make bank, they they are not owed a job and too look for another one.
The closing of these stores will also invite several opportunities for those wanting to open shop and have a stake in their communities, unlike Wal-Mart who doesn't have a stake or even cares if it has a stake in your community. I think that is important, many don't see the connection with huge banks, stores etc. that have put many small businesses out of work who've had a personal stake in the community. Instead one has a large company like Wal-Mart who pays most employees chicken feed, and sucks the money, not only from the community but from the State, sending it elsewhere.
Good Post
It will take time, but this puts the power back in the hands of people in the local areas.
If we kill off China Trade and the TPP, it would be even better. We would actually have to be responsible and make American Made goods again with American Labor.
Walmart is crap. Hopefully locally owned businesses can move in and compete in these communities.
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