On 31/12/2009 1:38 PM, Harry wrote:
Gene wrote:
On Thu, 31 Dec 2009 12:36:09 -0500, John H
wrote:

http://tinyurl.com/yb78tpp

WE pay the difference!

'Nuff said.

How does Wal-Mart sell you all of that foreign crap for 1/2 price?
Yep, that's right.... "WE pay the difference!" And not a peep....

Gene, as a long time friend, i do have to tell you, your analogy sucks.
What is wrong with you.

Are you suggesting we stop all trade? That we just stop all trade with
China? That we allow everyone to trade with China except Walmart?

or do you think we should stop all trade with China until we give
Walmart (or is it China) 3.8 billion dollars.

Given the propensity of the US government to interfere with business
these days, I would not be buying any Walmart stock any time soon. Far
over priced when factoring risk.

Obama isn't holding the cards here either, but his arrogance could start
a trade war that the US will certainly loose big time. For example:

Obama taxes incoming goods to the US from China, China retaliates with a
US foreign special tax. Walmart gets hurt big time, looses some $100b
billion market cap killing 401ks left and right. And prices for stuff
hits double or triple digit annual inflation if you can get it at all.
Domestic sales plumet...cash flow dries up and Walmart going under
domestically would make GM look liek a mosquito bite.

Or the Chinese could dump some of the $2 trillion and flatten the USD to
say $300 barrel of oil in value as no one wants the flood of USDs like
that. And given the government is essentially broke and bankrupt itself
creates a situation where the US will certainly pay dearly for screwing
around.

US people being rational will blame the real cause, far too much of a
liberal left debt going on has screwed the USA in the ear. Both from
people and from governemnt in 20+ years of debt fest.

Now the piper has to be paid, and not with debt, what does Omaba do?
Debt spend. Making us all so screwed.