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If Walmart Goes Down Will the Whole Economy Follow?
Walmart reported its earnings Thursday and they were lackluster to say the least, as executives explain that February 2013 sales started slower than planned due to the delay in income tax refunds and rising gas prices. This announcement came one week after Bloomberg published freakout emails by company executives exclaiming that February sales were a “total disaster.” Ashley Lutz reports for Business Insider this week that we could all be in trouble if Walmart and its competitors can’t get their feet back on the ground despite a broke customer base:
Family Dollar, Target, and grocery stores are experiencing a similar problem, Strasser told Bloomberg.
When the payroll-tax break expired at the end of last year, Americans started paying 2 percentage points more in Social Security taxes on their first $113,700 in wages, Dudley reported. That’s $60 a month for someone making $40,000 a year.
Walmart shoppers are the “barometer of the U.S. consumer,” Brian Sozzi, chief equities analyst at NBG Productions, told us. If the world’s largest retail is struggling, other businesses definitely are.
“There’s no reason to be optimistic,” Sozzi told us.
On “Real News” Thursday the panel broke down the economic indicators for the ailing discount mega-shopping industry, and whether they are bellwethers for more dire things to come. What part of this is owned by bad economic policy, and what will the consequences be both politically and economically? Watch a clip from Thursday’s show below:
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Comments (160)
AnAmerican111
Posted on February 21, 2013 at 10:16pmWelcome to OBAMAnomics…………………….
which can be defined as destroying America via corrupt and criminal policies!………………………………
Can’t wait to see the moron Obama supporters in the bread lines!
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Miami
Posted on February 21, 2013 at 10:27pmLike the flame behind a meteor
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VanceUppercut
Posted on February 21, 2013 at 10:39pmWalmart’s going broke because it’s customer can’t afford to shop there? I know, let’s give more tax breaks to the rich. Trickle down economics will surely save us.
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sillyfreshness
Posted on February 21, 2013 at 10:43pmDon’t worry. The “chosen people” controlled Marxist Media will spin it and say how things are going gangbusters so well and fools will keep falling for it.
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Chromo200
Posted on February 21, 2013 at 10:57pmVANCEUPPERCUT and your solution is???????????? Print more money, tax people to the hilt?
There will always be poor and rich people in this world. The difference between being free to achieve one’s goals vs a gov’t giving you money… is that one is vibrant and energetic while the other waits for someone to tell them what to do.
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mkhemmer
Posted on February 21, 2013 at 11:25pmObamaNomics, DOA: Depression, Oppression, Aggression
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BrutalTruth
Posted on February 21, 2013 at 11:29pmLiberals are evil, bitter people coveting what other have. As much as they try to say otherwise, their conscience is always haunting them. A living hell.
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dmerwin
Posted on February 22, 2013 at 12:01amVance a little wakeup most Walmart shoppers are lower and middle class, I guess you are saying we should give more to people who choose not to work. Most Walmart workers are folks trying to make it on their own. Maybe encouraging people with money to SHOP at Walmart and provide jobs would be the solution. DO YOU PEOPLE think????
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Obama_In_Zee_PeePee_By_Glenn_Beck
Posted on February 22, 2013 at 5:28am“If Walmart Goes Down Will the Whole Economy Follow?”
America has been a very bad boy (can you say “family planning” – abortion? can you say “welfare” – theft? can you say paganism – “Christmas, Easter, Halloween”?) and a spanking is coming:
http://www.apologeticspress.org/apcontent.aspx?category=7&article=1528
“George Mason, often called “The Father of the Bill of Rights”, stated at the Constitutional Convention: “As nations cannot be rewarded or punished in the next world, so they must be in this. By an inevitable chain of causes and effects, Providence punishes national sins by national calamities” (as quoted in Madison, 1840, 3:1391).”
Don’t think so? How could a poor half-breed bastard from Kenya sneak into the great United States Of America, go to a prestigious law school, run for offices, become President … with a Kenyan birth certificate, a Connecticut social security number, and an army of lawyers keeping all his records sealed … AND NOT ONE SENATOR OR CONGRESSMAN OR JUDGE HAS INVESTIGATED!?
6 But if you or your sons at all turn from following Me, and do not keep My commandments and My statutes which I have set before you ..
7 then I will cut off Israel from the land which I have given them ..
8 .. everyone who passes by it will be astonished and will hiss, and say, ‘Why has the LORD done thus to this land and to this house?’
9 Then they will answer, ‘Because they forsook the LORD their God ..’
-1Kings9, Holy Bible
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jcizarter
Posted on February 22, 2013 at 6:23amLet them eat cake…
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redfish52
Posted on February 22, 2013 at 6:24amAlso…the POTUS has stated more than one time he wants to see the price of fuel skyrocket to speed up his Green Energy Program. Ask you shall receive. But he will use the same old lame excuse and blame this on the “Fat Cat’s” and the “1 %”….
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Walkabout
Posted on February 22, 2013 at 6:45amPoor little Vance uppercut
This story is The Blaze, Business Insider, ZeroHedge & so many other news outlets. Are you going to troll them all and to what end?
Some facts for Little Vance:
Walmart has lower sales. They acknowledge that. It is called a business cycles which can be & are influenced by government policies. Note that other retailers are suffering too. This is not a Walmart thing but the reality of a Democrats controlling the Presidency, 1/2 of Congress & most of the media.
Speaking of media, I was shopping today & passed the magazine rack. I paged thru the latest issue of Time magazine it had about 60 pages. It was awfully thin from what it was a few years ago. Is Time magazine on a diet? It lost a lot of weight. Soon Time will join Newsweek & U.S. News & world Report. LULZ!
The left is losing its’ monopoly.
About trolling.Seeing as how you cannot troll Business Insider, Zerohedge, The Blaze & all the other outlets carrying the news maybe you should just troll the Blaze. Question for you.
How many people read the articles compared to how many people read the articles & read the comments. 100 to 1? 1,000 to 1?
Look at the web statistics from Alexa to see how many people visit the Blaze. Look how long they stay on a story. My bet is they don’t stay long enough to read your drivel. Happy trolling! You’ll need that encouragement in your otherwise futile task.
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Shrugged
Posted on February 22, 2013 at 7:13amObama supporters in any hand-out line is the norm. They won’t mind.
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burke
Posted on February 22, 2013 at 7:44amThey belong in coffins, not bread lines
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naughtycal
Posted on February 22, 2013 at 7:51amI don’t shop Walmart unless I need something and walmart is the closest place. I much rather give my business to my locally owner grocery store,and smaller chains like target,kohls or best buy. The employees are nicers,and much more helpful.
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Your_Senile
Posted on February 22, 2013 at 8:07amWhat VANCEUPPERCUT should know
Trickle up has not been working for me. Every time I ask a homeless person for a job so I can make a “living wage” they just tell me off.
I finally found the secret to Trickle Up Economics on the street corner. On the street corner I started with nothing and now I make tons of cash selling drugs. I create wealth and an above “living wage” for my family. I have created a dozen jobs hiring my homies for gang bangin’ and protecting the terf and my respect.
WAIT, Hoooly Shatz, I just realized I am now a capitalist and its trickle down I have created. My Homies have a “Living Wage” from my wealth when I cut them a share.
Engage The Brain
it is so
Your Senile
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Zipit
Posted on February 22, 2013 at 8:11amVANCE! Let me fix that statement for ya!!! America is broke! Walmart is in trouble because their customers cannot afford to shop ANYWHERE right now!! Trickle that you moron!
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jcldwl
Posted on February 22, 2013 at 8:14am@ obama in zee
Yep you are correct and of course this is to be expected of a country that was founded by a bunch of sun god worshiping masons. Our nations capitol is rife with pagan symbolism. The Washington monument is nothing but a pagan phallyc symbol. We have been duped and doomed from the start. Now the end is near but not just of our country, but the world. Find Jesus folks He is our one and only Lord and Savior the Alpha and the Omega.
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fastgen1
Posted on February 22, 2013 at 8:39ammaybe bammy will give them a 50 billion bailout loan……
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Leslie Anne
Posted on February 22, 2013 at 9:15amDon’t hold your breath. There will be no bread lines or soup lines either…those have been replaced by the food stamp program.
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DeathRattle
Posted on February 22, 2013 at 9:15amVance you have proven yourself to be the typical spoon fed liberal, the dribble of pablum you left on this page is leftovers of Obamanomics huh.
Try real food and investigate for yourself and drop the highchair and bib.
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seeker9
Posted on February 22, 2013 at 9:23amVANCE
How is this happening? Pelosi and all other lefties say that food stamps, unemployment checks, and welfare checks create jobs and spur the economy. Taxes have been raised on the rich already. Are you sure more taxes will work? Help me out here. I’m puzzled.
PS: WalMart is not about to go broke.
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zorro
Posted on February 22, 2013 at 9:27amEveryone needs to calm down. Wal-Mart is one of maybe 5 companies that can make a PROFIT of a billion dollars and it’s still considered a “disaster.” I know liberals are happy about it. We’ll see how happy they are when Wal-Mart starts laying off their base.
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Cavallo
Posted on February 22, 2013 at 9:46amThis is all hearsay, however I have a friend who is an Assistant Store Manager at one of our local supercenter Walmarts. They had to let go a half dozen cashiers, and 3 cart pushers, and some assorted other associates. In all they had to cut 500 hours from the remainder of the month of February. Why? Because of their crappy sales from the end of Jan and first part of Feb.
Taxes go up, people have less money, they spend less money, they tighten their belts. Gas prices (energy) goes up, people have less money, people spend less money. The same thing goes with businesses. Taxes go up, they have less money they have to cut labor (they spend less money), they tighten their belts. People lose their jobs.
Democrats and leftists don’t care about the poor. They care about their centralized Marxist power. Just wait until the real effect of ObamaCare hits. Already employers are starting to abandon their medical plans (we can keep our plans, right bobo?! .. if we can keep them).
This is the new normal. High unemployment, high taxes, high regulations, high energy costs, lower standards of living, more poverty, more misery, less freedom, less liberty. This is the Leftist Utopia. Misery for all, the will and legacy of Bobo the Wonder Marxist and his legion of fascist sycophants.
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ccfonten
Posted on February 22, 2013 at 10:39amTo “vanceuppercut”: you are nothing more than a typical obamabot.
If Walmart closes, think how many people are going to be out of jobs?
Think of how many more will have no health care.
Think that Walmart or any other company runs as a charity?
If they were to do that, they would be a govt entitlement program and not a business.
If you are employed: who pays you? Is it the federal/state govt? Or a business providing a service/product?
You sound like a typical govt employee and unionista.
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crackerone
Posted on February 22, 2013 at 11:21am@ Vance in B O’s pants
He he he
The chickens are coming home to roost. See if you can catch one. It might feed your family for a day.
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michaelmoron
Posted on February 22, 2013 at 12:20pmjcldwl
Posted on February 22, 2013 at 8:14am
@ obama in zee
“a country that was founded by a bunch of sun god worshiping masons. Our nations capitol is rife with pagan symbolism. The Washington monument is nothing but a pagan phallyc symbol. We have been duped and doomed from the start.”
~~~~~~~
This is spot on.
I have just recently realized the affiliation of the masons to the global power structure.
It is true. I didn’t want to jump to a conclusion, but after years of research, all of the pieces of the puzzle fit.
These are the Secret Societies that JFK spoke of.
“The very word “‘secrecy’” is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and to secret proceedings. We decided long ago that the dangers of excessive and unwarranted concealment of pertinent facts far outweighed the dangers which are cited to justify it. Even today, there is little value in opposing the threat of a closed society by imitating its arbitrary restrictions. Even today, there is little value in insuring the survival of our nation if our traditions do not survive with it. And there is a very grave danger that an announced need for increased security will be seized upon by those anxious to expand its meaning to the very limits of official censorship and concealment.”
– JFK
http://www.youtube.com/watch?v=qYVCIdrcS6k
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GBT2012
Posted on February 22, 2013 at 1:15pmThe problem is….the ignorant SOBs (King Obama supporters ) will take us down with them!
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3monkeysmomma
Posted on February 22, 2013 at 1:24pmI’m an convinced no matter how bad things get, Obama supporters will never blame him because…yes…they are just that dumb.
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angelcat
Posted on February 22, 2013 at 1:49pmNo problem. Obama can just put out a directive or insist a law be passed requiring people to shop at certain stores and spend a certain amount each month or the month will be deducted from their salaries or entitlements. Problem solved.
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old blacksmith
Posted on February 22, 2013 at 2:21pmit would seem intuitively clear to the interested observer that the obama cadres will not exhibit the same discipline and social order as did our grandparents while standing in bread and soup lines during the great depression.
these fools with their entitlement attitude will simply take from others rather than stand in line……… no doubt with impunity afforded by the m-16, etc that will be handed to the tools via obamacorps.
they overestimate their position, they uinderestimate the American citizen soldier.
the sooner it starts, the quicker it will be over.
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Arshloch
Posted on February 22, 2013 at 2:33pmRight after you buy the bread.
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KKC003
Posted on February 22, 2013 at 5:06pmThe 50% that voted for him have not seen the real horror. But wait there is more….
Any business owner knows it takes only a few months and you have to shut down your entire operation so you will see hundreds of companies shut down. Any business owner knows it takes years, and years to make a profit, start a company and hope for its success. The damage that has been done by this regime with over regulation, supplementing Chinese light bulbs and shutting down US light bulbs, giving money to Brazil to drill but adding more regulation to US companies to drill or shutting them down completely. Allowing imports of Chinese food that is toxic but going after USA farmers for everything. Not to mention adding more illegals to a system will put us over the edge. We are worse than Greece and will see people dumpster diving for food.
You dont get it, our nation is broke, our jobs are sent oversees where there is little regulation, and the jobs are NOT coming back. What part of this does the average voter not get?? in 4 more years most people will be destitute- and not one business owner will ever start a new venture, taxes is too high and regulation is out of control. So there will be no more jobs, this is probably the best it will be in 40-50 yrs, if we ever can regain our nation, we need to get rid of the socialists and the people who blame, spend and attack our Constitution, divide our people and basically just hate america.
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styxman65
Posted on February 21, 2013 at 10:16pmwell,, this is what happens when brain dead people listen to the Liberals and the MSM. They say everything is great because their KING is in the White House and Socialistic ideals are running everything in the country. THE FLOOD WATERS ARE AT THEIR DOORSTEP NOW, but they will keep telling you “ALL IS WELL, ALL IS WELL”, to the brain dead America people.
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GoodStuff
Posted on February 22, 2013 at 12:04amWalmart endorsed Obamacare. They have nobody to blame but themselves. Eff em.
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Tresse
Posted on February 22, 2013 at 11:05amI just had a vision of Baghdad Bob.
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paultard
Posted on February 21, 2013 at 10:13pmThis all boils down to debasing the currency.. We have been playing a vicious game of catchup that we can never win in a Keynesian economic system.. Fix the money and you fix the world! Glen doesn’t address this. Ron Paul was adamant about it. Ron was and is right!
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soybomb315_II
Posted on February 21, 2013 at 10:52pmi am surprised no other candidates have taken up the anti-fed mantle – since it is directly related to NWO and Agenda 21
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katzkiner
Posted on February 21, 2013 at 10:07pmWe have lost 56,000 factories since 2000. This does not end well for Americans. We are ruled by those who hate us. Wal-Mart is the least of our worries.
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ItsAllCrap
Posted on February 22, 2013 at 8:20amI think we should lose more factories, more retail locations etc. This will create more unemployment and we all know that will be good for the economy and Walmart. These unemployed people will spend their checks at Walmart and that will stimulate the economy. Just ask Nancy Pelosi!
http://michellemalkin.com/2010/07/01/pelosi-unemployment-checks-best-way-to-create-jobs/
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smv803
Posted on February 22, 2013 at 9:36pm@itsallcrap…..what will Nancy do when all the docs in San Fran quit their practices and she can’t get her monthly shots?
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ColoradoMaverick
Posted on February 21, 2013 at 10:06pmObama raises their taxes and then promises to raise thee minimum wage by $1.25 over the next three years. Wow, that’s awesome!! What does that come to anyway, about 41 cents an hour each year?
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Outlaw_Josey_Wales
Posted on February 21, 2013 at 9:49pmNegative GDP 4Q of 2012
WalMart sales, down
CPI “consumer price index” up
Philadelphia Fed Index, down
Unemployment claims, up
Cost of Healthcare “do to Obamacare”, up
Cost of living, up
Insider trading at 2 year high, “CEO’s dumping their company stock”
Warren Buffett, Hank Paulson and other billionaires are selling their stock.
Add all this up, looks like a good chance of a double-dip recession, or depression.
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Outlaw_Josey_Wales
Posted on February 21, 2013 at 9:53pmJohn Paulson not Hank Paulson
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RIDEMODELS
Posted on February 21, 2013 at 9:58pmThank you MR. Obama…….You have killed America….Thanks.
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GoodStuff
Posted on February 22, 2013 at 12:08am“Thank you MR. Obama…….You have killed America”
That was his goal to begin with. Then he can rebuild it into a Marxist state. And his plan is coming together perfectly.
What do (many) people do when they lose their job…they run to the gov’t to get welfare…Obama saves them.
What do (many) people do when their health insurance skyrockets (caused by Obamacare)…they run to the gov’t for help…Obama saves them.
This tyrant knows exactly what he’s doing and the American people have fallen for it. Intentionally collapse the system, then sweep in and “save” everyone.
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ALL4FREEDOM
Posted on February 21, 2013 at 9:42pmYes, the whole economy will follow. It’s on the edge now. The dollar isn’t worth $hit. Inflation is causing the stock market to soar, giving everybody a rosy, but false picture. Remember, the economy was just SUPER during September, 1929. Europe is in recession; last quarter, the economy here shrank. Do things look better to you right now, or worse? What are the odds that the current quarter will also show a contraction? Two successive quarters of contraction equal a recession. Two recessions separated by a weak recovery equal a (drum roll, please) DEPRESSION. Been there, done that, and we’re going to do it again BECAUSE WE’RE TOO STUPID TO LEARN FROM HISTORY!
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BobtheMoron
Posted on February 21, 2013 at 9:51pmFed pumping the market is the reason for the stock market.
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progressiveslayer
Posted on February 21, 2013 at 9:42pmIf the unions manage to infect wallmart they’ll eventually kill that business off as well just like they do every business they stick their POS commie noses into. If they ever are unionized I hope they close up shop to hell with em,ie union pigs. Get everybody on the public dole that’s what Barry wants anyway let it collapse we need to reset by purging this country of worthless commie filth. This buy local BS is no good,we need a free market for once and if we’re ever allowed to have a free market this economy will take off like a rocket. Get the government off the backs of businesses and that will help as well.
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Shrugged
Posted on February 22, 2013 at 7:19am@winedude – and its obvious you’ve had too much wine. What the hell are you seeing that the rest of the country isn’t? We are bleeding to death and your idiot leader is doing all he can to finish the job. Keep drinking in your academic conclave and pretending. Keep reading the WaPo and NYT so it all makes sense in your little mind.
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Jedrin
Posted on February 21, 2013 at 9:41pmI don’t even go in for ammo anymore. I would rather pay $10 for 20 762 russian at my local shop than pay $6 at Walmart. In the 90s Walmart had some nice upper mid level stuff but now it is more to the lower side.
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RIDEMODELS
Posted on February 21, 2013 at 10:03pmWalmart is opening up close to Key West for the first time ever….Chasing that dollar but me personnaly I shop at Publix….they are a much better store and have strict policies unlike many other grocery stores…….Hopefully Publix is not feeling that pain but they are much more conservative that Walmart and they are always very very clean, plus most stores model after Publix anyway….but people raised in the south know all of this…….If Wlamart fails then we go back to the old days when there was no Walmart and China growth will be no more.
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Just_Us2
Posted on February 21, 2013 at 9:36pmIf Walmart goes, the poor will suffer. Walmart is an employer of people who would otherwise not have work. Walmart lowers the grocery bill of the poor. Walmart is large enough that they can absorb costs of regulation, where small business cannot. These big box stores are successful for a reason. If Walmart is in trouble, your average mom and pop is in a world of hurt.
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Jedrin
Posted on February 21, 2013 at 9:45pmthe regulations and tax expenses are lobbied for by the big corps. That is how they squash the compitition. Regulation and taxes benefit the big corps. That is why Walmart suppots Obamacare. Tax the rich is actually taxing small business and highly skilled trades like doctors. Tax the rich, regulate everything creates the ultra rich and ultra poor and destroys the middle.
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MadeintheUSA2
Posted on February 21, 2013 at 11:01pm“Walmart lowers the grocery bill of the poor.” I do not see this statement as being correct. I find that their prices–for most everything–is so expensive. If the poor (or anyone) wants to save money on food and other necessities, they must search out sale ads, start stocking up and preserve some of their own food. It is a skill and a mind set to do these things and over time–it pays off!
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MeteoricLimbo
Posted on February 21, 2013 at 9:26pmMake a helluva mark on China
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Brooke Lorren
Posted on February 21, 2013 at 9:23pmMy little business is doing great! February 2012 was the worst month of the year last year for me business-wise, but so far, I’ve had more sales in February 2013 than in 9 of the months last year, and I’m only a couple of $ away from earning more than 10 of last year’s months.
Since my business is still pretty small, it is only a supplement to help our family out… most of my time is spent homeschooling and taking care of our kids, but my business is doing better than ever. I don’t sell bargain products though; I sell customizable products of all types; many of them are made in America. So at least some segment of the population is doing okay… or at least more people that are doing well are buying from me.
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SendTheMeteors
Posted on February 21, 2013 at 9:55pmMy business is doing well too. Personally, I’m in the survival business: guns and butter. As any but the most clueless know – meaning Democrats – the world economy is about to collapse, the current administration is close to declaring Marshal law (which, diabolically, they failed to do as predicted before the 2012 election, apparently to give themselves a patina of legitimacy), and the collapse of civilization will follow as predictably as one domino knocks over the next domino, be it actual dominoes, be it events which lead inexorably to the next toward the apocalypse, or be it pizzas.
You don’t have to be the helpless victim of the tide of history. You can take hold of your destiny. You can chart your own course. You too can be master of your own fate, for only $39.99 per month!
That is the bargain price for ensuring your safety and guarantee that your progeny will be fruitful and multiply as the Earth and it’s inhabitants move into the Third Era.
What better gift could you give to your children than life itself? When your time comes you can rest easy knowing you did right by your own, and at a bargain basement price!
For more information check my website: http://www.theblaze.com/stories/2011/11/23/collapse-preparations-push-skyrocketing-survival-gear-sales/
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katzkiner
Posted on February 21, 2013 at 10:14pmEventually Obama will not feel the need for the professional trolls and you will have to get a real job. Maybe you can get a job in customer service, you will need to retrain to be polite. That is a hard change for an arrogant female dog.
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RationalMan
Posted on February 22, 2013 at 1:27amSendTheMeteors,
why do you post and run????
Defend your position! (Hyprocrite)!!!!!!!!!!!!!!!!!!!!!
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RationalMan
Posted on February 22, 2013 at 1:56amSend,
So you own a business selling guns and butter? If I am reading this right, why are you selling guns??
But, what is your “Survival” gear you are trying to sell?????
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Walkabout
Posted on February 22, 2013 at 6:53am“My business is doing well too. Personally, I’m in the survival business: guns and butter. ”
- SendTheMeteors
SME is most likely in academia & not in the survival business. Don’t you like how SME is syrupy sweet when she (or he; Yes, you started the SME persona 4 days after you stopped you male persona) pretends to be a Tea Part member? Just dripping with sarcasm.
One does of her syrupy sweetness is enough to put a whole nation in a sugar induced coma.
If SME was in the guns business, she would be a federally licensed firearms dealer. Does she talk like one? Could she talk shop? Or would she come across as a know nothing like Jesse Jackson? Giver her some time & she’ll claim that guns can bring down planes cruising at 30,000 feet.
Well SME must not be feeling very effective. She is resorting to “I am one of you” sarcasm that falls flat on its’ face. It must suck to be SME.
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Walkabout
Posted on February 22, 2013 at 7:11amRationalMan
You can list your rebuttal to her posts/positions in bullet points.
If you are lucky she will respond to one. If you are unlucky she will mealy mouthed say something without rebutting your points, take 3 long paragraphs to say it & move on to something new.
I am betting SME is good at term papers however long they need to be, but only if the professor agrees with her.
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Shrugged
Posted on February 22, 2013 at 7:30am@meteors – you make fun — keep laughing. When it falls you will be the wicked witch of the west whose legs shrivel and curl up under the house that fell on her. . . . except it will the the world economy sitting on your ugly face – Troll.
Obama won’t be there with a bread line for you either.
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grams09
Posted on February 21, 2013 at 9:22pmIt’s not just the increased social security taxes that hit our pay checks. How about the increase in healthcare costs and the additional income taxes we have to pay for employer provided items such as healthcare and tuition reimbursements. My daughter’s check went from $1100/ biweekly to $700.00. After paying rent, groceries, utilities, and a small car payment, that doesn’t leave much left over. She told me she made more money waitressing when she was in college. If our government keeps helping us, she’ll be better off on welfare. Our income was also hit hard and I am cutting way back. I usually spend around $150.00/week for groceries and now I’m trying to keep it under $100.00.
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lbesq
Posted on February 21, 2013 at 9:59pmIt would be great if my wife and I could spend just under $100. per week, try living on $200 per month, if we are lucky.
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DiamondDog
Posted on February 21, 2013 at 9:13pmIf Wal-Mart went down the tube, it might be a good thing.
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tnman65
Posted on February 21, 2013 at 9:33pmI agree with you. Walmart practically ruined the small town that I live in. It basically made the old part of town a ghost town. I wish it had never been allowed in. The small town 20 miles north would not allow them to put in a store and it’s still the neat little town it always was. Little shops and stores.
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Hotrod25
Posted on February 21, 2013 at 9:38pmUnless of course, you or someone you know works there. Or, run a company that produces a product that walmart sales. One walmart store can employ about 3000 people and when you consider there is usually 2 or 3 in a lot of cities you realize just how many people will all of a sudden become unemployed at the same time. Good luck finding a job when there are that many people to compete with for work. Might be a good thing? Only if you are a liberal, completely gitty about seeing the United States economy collapse, like Obama.
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Brooke Lorren
Posted on February 22, 2013 at 3:05amIt would be a shame for all of the people working there. I’m sure that it would send ripples throughout the economy.
Neither me nor my husband actually compete for jobs with the typical Wal-Mart worker (design and writing for me, lawyer/management for dh). Just because we don’t directly compete for jobs with Wal-Mart doesn’t mean that all those lost jobs would hurt us. If they lose their jobs, then they stop spending money; the people that would benefit from their spending money would have less money, which would mean less money for us.
Eventually, things would achieve some equilibrium; it always does. That doesn’t mean that there might be years of difficulties in between. There was a major disruption to the way things went in the world about 1350 or so, and it didn’t balance out until around 1500. We could be in for a lot of difficulties. I’m sure we are either way, but it might not be initially due to Walmart’s demise.
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RabbiDRJerkins
Posted on February 21, 2013 at 9:11pmShalom,
If Wal-Mart goes under…
Will more people support smaller, locally owned businesses where more of the money will stay in their local economy and less will go to China?
Will other, more ethical businesses experience an increase due to the loss of competition?
Will Sam Walton’s heirs come to finally understand that “made in America” was a big portion of what made his company great?
… Probably not.
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willkauffman
Posted on February 21, 2013 at 9:22pmAmen brother
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pissantno.10
Posted on February 21, 2013 at 9:27pmya they can pay 5or 6 times more than its worth . just like the europeans they have to take out a loan for 5 years just be buy a washing machine thats good business right
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SamIamTwo
Posted on February 21, 2013 at 9:10pmIt is a big indicator of shopping behavior habbits. Second to the US Gov’t, WalMart is the largest employer in the nation catering to people who live week to week on their pay.
So yeah, it’s a serious indicator.
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sparkyrules
Posted on February 21, 2013 at 9:06pmGas prices nearing $4.00 a gallon.Going to $5 plus soon.Well,then ya got Family Dollar,Dollar General,and then Walmart not meeting Wall Street targets .What do you expect in a freakish Obama economy?
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neverending
Posted on February 21, 2013 at 9:35pmNothing good SPARKYRULES that is for sure.
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ICSPADES
Posted on February 22, 2013 at 6:02amLast night they blamed gas prices on middle east fears when right across the border in Canada gas was $1.26. The government has run a ponzi scheme on America for a long time now. Maybe if everything collapsed it would be a good thing. The extremely educated (said in Al Gore voice) would not be able to survive from the sweat of their brow nor would the extremely poor. Only those in the middle class who have actually put in a hard days work all our lives just to stay afloat. Yeah, the middle class rises again. And before some rich dweeb comes on here telling me how hard they worked to get where they are at, I am talking about those making a million or more annually so save the fictional stories for your kids.
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13th Imam
Posted on February 21, 2013 at 9:04pmIf they would just stock their ammo shelves , sales would necessarily skyrocket.
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SamIamTwo
Posted on February 21, 2013 at 9:08pmThey would stock but the mfgs are running far behind the high demand.
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S-O-B-E-R
Posted on February 21, 2013 at 9:13pm13TH IMAM, that’s what I came on here to say.
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ALL4FREEDOM
Posted on February 21, 2013 at 9:35pmHopefully we can get the ammo suppliers to stop selling to states opposing the second amendment as well. More ammo for us.
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13th Imam
Posted on February 21, 2013 at 9:45pmJust bought 200 rds 30-30 at Target Sports USA decent price free shipping
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ILUVPORK
Posted on February 21, 2013 at 9:02pmI remember reading that a walmart heir voted for Obama /Obamacare.Yes we are broke and gasoline is close to 4 /5 dollars a gallon meat/hamburger is very pricey.We don’t have government jobs with a promise of a pension.we are not the rich democrat elites with an Obamacare waiver.I just heard H and R block tax service said the Obamacare tax fine for not having health insurance will be 285.00 a month and in 2016 it will be 985.00 per month.Being kicked to the curb by rich progressives.
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soybomb315_II
Posted on February 21, 2013 at 9:14pmbig companies love the government programs because it gives them a chance to lobby and makes the smaller companies less competitive
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Smokey_Bojangles
Posted on February 21, 2013 at 9:01pmWhen People come to the realization that energy costs are skyrocketing and Obamacare is going to break them,food,utilities and Obama’s new taxes become more important than a wide screen TV and a DVD of Sicko.
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DougHuffman
Posted on February 21, 2013 at 9:00pmOmelets and eggs come to mind. We can only pray.
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Fubared
Posted on February 21, 2013 at 9:58pmSpeaking of, even Crack Donald’s is puckered of late. Not good signs. Lord of the flies will lead us out of his morass. Silver and lead, silver and lead…
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chicago76
Posted on February 21, 2013 at 8:58pmAnd yet sports teams see lots of customers. I won’t spend money on any sports team anymore. Why support overpaid idiots when most of us can’t make ends meet. I would like to see all pro sports teams go under. They need a dose of reality.
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Paulhgreenbay
Posted on February 21, 2013 at 8:56pmHow about the white elephant in the corner, everything with the exception of real estate costs exponentially more than it did four to five years ago. Anyone who tracks their family expenses knows this. It’s all the inflation that they say doesn’t exist thanks to their new new math.
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wilbstal
Posted on February 21, 2013 at 8:54pmhmm if wall mart goes down maybe I can get a good buy on some Guns and ammo i need more, 3 for each window of my home
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soybomb315_II
Posted on February 21, 2013 at 8:53pmwe have a consumer economy based on debt and not production. All these retail giants (middle men for the trade deficit) will soon be in a lot of trouble
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chicago76
Posted on February 21, 2013 at 9:06pmVery true. If there is no production there is no wealth creation. Wealth here is not created by selling goods created in other countries. Wealth is not created by printing money. It is created by producing goods that people want. Barter means trading items I create for items you create. Money printed by banks now has replaced goods production.
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pissantno.10
Posted on February 21, 2013 at 9:23pmsoy bean you is such a good comie troll.
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