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Wal-Mart: Our shoppers are 'running out of money'

very bad idea. see earlier post on the results of a trade war with china.
 
cpwill said:
very bad idea. see earlier post on the results of a trade war with china.
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I admit im not an economic genius Cp..but here is what I do know...before our corporations went to china...china couldnt feed its population, dog and cat were main staples. China was no threat to us militarily or economically until our corporations created them for cheap labor and a few extra bucks...thats what I do know
 
Jetboogieman said:
For the guy who I seem to remember quoting Conservapedia as a source...

You're about as partisan as it gets mate.
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:lamo Say it ain't so Jet....:lol::mrgreen::2wave:


come on man, couldn't you tell the line you highlighted was sarcasm....I know I am partisan, but so are you, so are most if not all the people posting on this site. It's just that some refuse to admit that to themselves, so we get the posers hiding behind the 'Moderate', 'Independent', 'Other' labels all the time.

Ah well....Like I said, I like partisanship, it makes for wonderful conversations


j-mac
 
Gill said:
They don't. They benefit from economical goods that they need and want.
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realistically it is not the average poor people that would be hurt by a trade war with China. They spend the majority of their mone on food, shelter, clothing (which They do not buy much of the consumer goods that china produces. Those in the middle income groups would be harmed more directly.

The other aspect to consider would be potentially higher wages for middle and lower income groups due to higher demand for US labour. Probably leading to a more balanced income distributiion within the US
 
Our greed and the greed of big industry has allowed China to become a super power over us and we allow China to get rich and also allow China to take over our job market. I expect better from my government and have the right to the pursuit of happiness and allowing China to overtake our Dollar and Job Market is a violation of my civil rights. It is also a violation of every other legal citizen in the U.S.A. Maybe we should start a lawsuit.
 
evanescence said:
How do poor people benefit from cheap, worthless, overpriced junk?
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Also why are poor people spending money anways? The only thing they need to be spending money to buy new stuff is on things that are really needed like food and the basics. All the other stuff? They should be buying clothes at places like Good Will and thrift stores. Not spending money at Wal-Mart anyways. That is a big problem with folks in this country: we spend money we should not be spending. And guess what? The smart rich folks are tightwads holding onto their money.

Not trying to say a person working should not be able to spend money on whatever they wish but we are too big of a consumerism society and this is why so many folks end up either filing for Bank Rup. or losing every damn thing they have. :(
 
cpwill said:
see, that's my idea too, but the government gets in the way.
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Yes, the government gets in the way of you building a nuclear power generator in your basement and irradiating half the city because you made the shielding out of cotton candy. Delicious, radioactive cotton candy.
 
Kali said:
Our greed and the greed of big industry has allowed China to become a super power over us and we allow China to get rich and also allow China to take over our job market. I expect better from my government and have the right to the pursuit of happiness and allowing China to overtake our Dollar and Job Market is a violation of my civil rights. It is also a violation of every other legal citizen in the U.S.A. Maybe we should start a lawsuit.
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The problem is that it's not just the government that did this, but the people did it as well. To compensate for the inherent weakness of the fiat Federal Reserve Note, inflation, the people demanded higher wages through the use of minimum wage laws. This caused us to price ourselves out of the job market in many industries like manufacturing. Companies are not charities and need to make money in order to survive. Our current economy isn't capitalistic, but corporate.
 
cpwill said:
oh, we've had an energy policy. our energy policy has been to reduce supply, thereby enabling that price spiral.
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Let's see your proof of this worldwide conspiracy dating back a half century?
 
Catawba said:
Let's see your proof of this worldwide conspiracy dating back a half century?
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Here ya go, I found a teacher for you that you can understand....Complete with pictures....





LOL...


j-mac
 
j-mac said:
Here ya go, I found a teacher for you that you can understand....Complete with pictures....


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Yeah, this is about what I would expect from you Jmac! :sun
 
kent conrad is the budget chair, he is reid's equivalent of ryan

as such conrad was always number two in the writing of obamacare, he was the gatekeeper's right hand man

the gatekeeper for obamacare, the man more responsible for it's exact shape than any other, is finance chair max baucus

conrad from north dakota announced in february that he would not seek reelection

how would YOU like to be a dem, let alone a dem leader, running for office in the peace garden state?

conrad was the man more than any other who killed the public option, he has been a consistent fighter for what he calls "rural care"

in short, he's concerned that medicare scheduling, pre and post doc fix, will "kill rural care" in america

fyi

today:

Senate Budget Committee Chairman Kent Conrad (D-N.D.) says he has no immediate plans to mark up a budget, as members of his committee continue to disagree over spending cuts and tax increases.

Conrad said he has additional meetings scheduled with his colleagues Tuesday afternoon and will make an announcement in the coming days on a possible markup.

Senate Finance Committee Chairman Max Baucus (D-Mont.) cast doubt on whether Conrad's effort will succeed.

"I don't know there is going to be a Conrad budget," Baucus said.

Conrad said there are many issues that need to be resolved in the broad document that covers discretionary entitlement spending levels and tax policy.

Democrats on the Budget panel have clashed over the balance of spending cuts to tax increases. Conrad increased the proportion of tax increases to spending cuts after liberal members of his panel, including Sen. Bernie Sanders (I-Vt.) and Jeff Merkley (D-Ore.), criticized his initial draft.

Sen. Bill Nelson (D-Fla.), a centrist on the panel facing reelection next year, has raised concerns about advancing a budget plan with as much as $2 trillion in tax increases over the next 10 years.
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Senate Dems' budget in limbo - The Hill's On The Money

it's been TWO YEARS since the party in power in the united states senate has produced a budget

in times like these

there's a reason, y'know, for the party's pusillanimous paralysis

meanwhile, if something isn't done now to fundamentally restructure our budget then our big 3 federal social programs (and state pensions too) will simply cease to exist in their present forms

leadership, anyone?

embarrassed yet?
 
The_Patriot said:
The problem is that it's not just the government that did this, but the people did it as well. To compensate for the inherent weakness of the fiat Federal Reserve Note, inflation, the people demanded higher wages through the use of minimum wage laws. This caused us to price ourselves out of the job market in many industries like manufacturing. Companies are not charities and need to make money in order to survive. Our current economy isn't capitalistic, but corporate.
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The workers would not demand higher wages if these places would pay living wages. Shame on folks for wishing to make enough money to pay for food, clothing and rent. lol
 
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Glad to see this [unwitting] Indicator string still running.
Despite the OP's political leaning, it tells us that about a 20% increase in the price of gasoline ALONE really hurts the little guy's spending, and Walmart ain't luxury.

Kind of a Death knell for any National Sales Tax which would be 30% on EVERYTHING including Food, Rent, Medical, Gas, Cars, Car insurance, etc, on the most popular of them.. FairyTax.
 
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Kali said:
The workers would not demand higher wages if these places would pay living wages. Shame on folks for wishing to make enough money to pay for food, clothing and rent. lol
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Tell me, what is a living wage, and who determines it?

j-mac
 
mbig said:
Glad to see this [unwitting] Indicator string still running.
Despite the OP's political leaning, it tells us that about a 20% increase in the price of gasoline ALONE really hurts the little guy's spending, and Walmart ain't luxury.

Kind of a Death knell for any National Sales Tax which would be 30% on EVERYTHING including Food, Rent, Medical, Gas, Cars, Car insurance, etc, on the most popular of them.. FairyTax.
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Nice misrepresentation.

j-mac
 
j-mac said:
Tell me, what is a living wage, and who determines it?

j-mac
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I feel it should be determined based on state (maybe even on a county/city) level due to cost of living, prices for goods, etc. All of those should be taken into account when factoring in what is a decent living wage. There is no reason for poor people in the U.S.A. esp poor folks that work 40+ hours a week busting their butts at a thankless job.
 
Kali said:
I feel it should be determined based on state (maybe even on a county/city) level due to cost of living, prices for goods, etc. All of those should be taken into account when factoring in what is a decent living wage. There is no reason for poor people in the U.S.A. esp poor folks that work 40+ hours a week busting their butts at a thankless job.
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We have that already, its called minimum wage law, and these people in those thankless jobs as you put it, are they locked there? can they not do things to change their circumstances?

Oh, you also said determined by state, by whom?


j-mac
 
before we get a living wage, we should get a living education....that is my first thought on the issue. I object to subsidizing high school dropouts who can't add or subtract or read or communicate.
OTOH, what good is an education to the many "service" jobs that don't require those things?
I guess, like it or not, we will always have jobs that demand little intellect of the employee.
And it follows that the more jobs we have like that, the less demand we have for an education that will get us to a better job.
Last year I saw news footage about thrift stores and dollar stores doing more business than ever before. I think that was temporary.
Where do we go when we can't afford Walmart, dollar stores, thrift stores?
 
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