Defending the Truth

It has all been a lie!

Lie Low on China: Wal-Mart has a special relationship with China. In 2004, your company accounted for almost 10 percent of the $197 billion in goods the United States imported from the mainland. So Wal-Mart has a keen interest in what happens in the increasingly turbulent U.S.-China relationship.

For the last decade, the United States and China have had an implicit bargain: China wants to keep its export prices low so it pegs the yuan to the dollar, and the United States needs China to use its export revenue to by Treasury bonds and finance the huge U.S. deficit. The Bush administration, pressed by many on Capitol Hill, pounded the Chinese to revalue or “float” their currency. In July, China finally budged--but just an inch, allowing its exchange rate to move up or down by about 2 percent against a basket of foreign currencies.

China’s move--small as it is--probably will ease the China-bashing for a while. Truth be told, your interests are probably closer to Beijing’s than Washington’s when it comes to revaluing the yuan. You want low prices on the goods you buy from China, so a more significant revaluation of China’s currency may hurt your bottom line. So, in the meantime, lie low. But it wouldn’t hurt to diversify your supplier base so that when the yuan does rise further, as it inevitably will, you’ll be able to quickly turn to other suppliers who are almost as competitive as the Chinese are now.
http://walmartwatch.com/blog/archive...rican_program/

P.S. spread the reality!

Communism is good????????????????

You mean that not everything you buy at WalMart is American Made?


Good lord, say it ain't so!!!!!!!!!!!!!!!!!!!!

If you can point to something in the store that has "Made in America" on the label, which was actually made in Taiwan, then you would have a point.

Until then, I don't think anybody has rationally interpreted "Made in America" as meaning "everything we sell is Made in America".

You just HAVE to have something to cry about, don't you?

That time of the month?

I just expressed an opinion which appears rather similar to the one you just made.

And you're bytching a fit because I said something?

WoW! I think you've identified the wrong one of us who may be bleeding...

I don't buy anything from Walmart!

Support communism, buy from communist china, buy from walmart!

If that's your personal conviction, good for you! Seriously! That's the great thing about a free country. I don't have to shop there - and for the most part, I try not to.


I will say, however, that with both my sons' cars, I've gotten tires and batteries at WallyWorld, because anywhere they travel (they now both live in Nashville), they can get service and/or replacements. I do like THAT part of Wally...

I'm the same way... I don't go there all that much, but they're one of the few 24 hour stores in the city I live in and when I go there it's out of convenience only. I'm still glad to have them around, however.

Buy American! Save American Jobs!



How Americans Can Buy American

American-made products available at online retailer BuyAmerican.com.

Yeah that's right. Buy American-made cars! No wait, those cars are assembled with parts that come from almost everywhere in the world EXCEPT the United States.

Or maybe you could buy a Toyota - made right in Kentucky.


Who knows...