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Punk Freud

walmart begins layoffs

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That didn't take long tongue.gif

Now the nations LARGEST EMPLOYER is cutting workers.

Seems people can't even afford cheap Chinese rubber dog crap.

 

 

Layoffs Begin At Wal-Mart

 

Wal-Mart Stores, Inc., began laying off 700 employees at Wal-Mart

and Sam's Club home offices this morning.

 

Ed Clifford, president of the Bentonville/Bella Vista Chamber of Commerce,

said he began hearing of the layoffs about 9:30 a.m. today. He said the

effect of the action will be widespread across Northwest Arkansas.

 

A person who lost her job today as a recruiting coordinator for Wal-Mart

told The Morning News that she was called into a meeting at 8:30 a.m.

with a group of other people from her department and was told that they

were among 700 people being laid off.

 

Those being laid off were given packets with information about severance

arrangements and escorted from the building, cwm27.gif she said. They will be

allowed to come back after hours to retrieve personal belongings and clean

out their desks, she added.

 

"You could tell who was leaving because we all had our folders with us,"

she said. "It was very quiet."

http://www.nwaonline.net/articles/20...artlayoffs.txt

 

------

 

So to summarize...

Walmart imports cheap foreign goods fostering outsourcing mania

Walmart undercuts local small business putting them out of business.

Walmart becomes largest employer in nation.

Walmart's low wages contribute to credit defaults.

Walmart fires workers because they can't afford to shop at their own company.

Walmart is a capitalist success story clapping.gif

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View Postuh, three words.

 

what

 

the

 

****

 

Maybe I used the wrong jargon?

People have a decent paying job, accrue debt, lose their jobs to outsourcing,

then take a job at Walmart for $7.00 hr. can't afford their past debt.

Does that not contribute to defaulting on their credit obligations (credit default)...

being unable to find work that pays what they previously earned?

 

Regardless, it all flies in the face of yesterdays blowing sunshine up Sam Walton's ass.

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Regardless, it all flies in the face of yesterdays blowing sunshine up Sam Walton's ass.

 

 

when Sam Walton started he was a typical "buy American" conservative,

I think the business model for WalMart mandated American goods....

 

then conservativism got turned on it's ear, and Great Americans empowered Red China in the name of the Global Economy.

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View Postaccrue debt

 

 

that's a conscious decision made by the consumer, facilitated by the banker.

 

if the consumer over extends himself ... well, the fault lies with the consumer and the banker who extended the credit. i hardly see where walmart is involved.

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Didn't they lay off a bunch of people a few years ago in order to hire another bunch right back at cheaper rates? Always thought that had a sentimental touch to it.

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View Postwhen Sam Walton started he was a typical "buy American" conservative,

I think the business model for WalMart mandated American goods....

 

then conservativism got turned on it's ear, and Great Americans empowered Red China in the name of the Global Economy.

 

Things are a bit uncertain at WM these days.

Consumer behavior has become so unpredictable that WM will no longer make monthly forecasts.

Projections will issue quarterly instead.

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When its good for Walmart, the pinkos whine.

When things are bad at Walmart, you would think they would be happy, yet they whine more.

Those 700 people are free to pursue the mer'can dream now that they have cast off the walmart shackles.

 

"They tuk err juubbss."

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View Postthat's a conscious decision made by the consumer, facilitated by the banker.

 

if the consumer over extends himself ... well, the fault lies with the consumer and the banker who extended the credit. i hardly see where walmart is involved.

 

As FnM said suppression of wages, to start.

As to overextension...

I witnessed 1000 people laid off from good paying jobs.

Those jobs went to either India (call center) or China (production)

 

Those workers COULD afford their mortgages when they had their jobs.

That's not irresponsible.

The trend of ousourcing, which Walmart facitlitates, contributed to

people being unable to continue to repay their debts.

 

It's not a direct connection, rarely is.

But it is all part and parcel of what corporations have done to hollow out the middle class.

Walmart should be held accountable for their part.

 

How many small business owners defaulted when Walmart undercut their business?

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View PostThings are a bit uncertain at WM these days.

Consumer behavior has become so unpredictable that WM will no longer make monthly forecasts.

Projections will issue quarterly instead.

 

 

the only two big companies to have an increase in their stock price last year were wal mart and mc donalds

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View PostSo are we happy walmart is sucking or sad, I can't keep up?

 

 

you can't keep up?!!?

right wing fanatics are cheering for the biggest outlet of chinese goods,

which is breaking the back of our economy.......

 

tell me what Archie Bunker would make of this.

 

Pro American Business is now the classified as "pinko" by you "conservatives".

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