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#1
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OT--Wal-Mart Posts $2.44B in 2Q Earnings
Are y'all trying to tell me that the 'rich' are taking all their tax savings
and shopping at Wal-Mart? Is this really what you're trying to get us dumb neo-cons to believe? Where did you come up with that?? Pretty weird, John. What I am trying to tell you, exactly, is in the body of what I wrote. To wit: It's the Puritan Work Ethic/ Depression mentality of our ancestors at work. Most Americans feel compelled to seek out the lowest price. Buying from a more socially responsible company that treats its employees fairly and isn't contributing to the great suburban homogenization of America sounds like a great idea......that somebody else should look into. We're all too busy saving $15 on a color TV to give a dang, personally. Are y'all trying to tell me that the 'rich' are taking all their tax savings and shopping at Wal-Mart? Is this really what you're trying to get us dumb neo-cons to believe? John On the 'Poco Loco' out of Deale, MD |
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#2
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OT--Wal-Mart Posts $2.44B in 2Q Earnings
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#3
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OT--Wal-Mart Posts $2.44B in 2Q Earnings
You left out this part: "One retail theory is that when the economy is lousy,
EVERYONE shops downward one level. So, even if you prefer Lands' End t-shirts, you may settle for Fruit of the Loom, or whatever WM sells." Economists are saying that the tax cuts are having a positive effect on consumer spending. Wal-Mart is enjoying some of those fruits. The Libs (including you, I believe) have been criticizing the tax cut as being 'only for the rich'. Thus my question. Is it only the rich who are doing the spending at Wal-Mart? I was in a Wal-Mart just last week. It's still the worst, except for K-Mart, place to shop for anything. It is, however, much closer and more convenient than the other shopping areas. Also, the parking spaces are nice and big. If I were one of the 'rich' who were the 'sole beneficiaries of the tax cut', there is no way I would set foot in a Wal-Mart for anything. Most respectfully, John On the 'Poco Loco' out of Deale, MD The tax cuts aren't "only" for the rich, just highly biased toward the rich. Bush's people are smart enough to know that an average guy needs a pittance in savings too, or else the populace would be less willing to turn a blind eye to a national debt that was climbing, just this week, at the rate of over $1,000,000,000.00 a day. Take that $1 billion a day, and divide it up by 250mm folks. About $4 a day apiece, or $480 a month for a family of four. Hope your tax cut is at least $6k a year, John- because if it isn't and if you've got a family of four you're getting hosed the difference. Oh, and by the way, the guy whose tax cut is $6mm a year? His per capita share of the out of control national debtbacle is the same as yours. But, if the government trickles a few bucks down on John Q Public, John Q will be too busy buying Chinese Junks at WalMart to pay any real attention. Bread and circuses. |
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#4
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OT--Wal-Mart Posts $2.44B in 2Q Earnings
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#5
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OT--Wal-Mart Posts $2.44B in 2Q Earnings
JohnH wrote: You left out this part: "One retail theory is that when the economy is lousy, EVERYONE shops downward one level. So, even if you prefer Lands' End t-shirts, you may settle for Fruit of the Loom, or whatever WM sells." Economists are saying that the tax cuts are having a positive effect on consumer spending. Wal-Mart is enjoying some of those fruits. Umm, you seem to have skipped a step. Let's review: 1- Wal-Mart announces higher profits. 2- When the economy is lousy, people shop downwards 3- Whatever else it is, Wal-Mart is certainly not shopping upwards. Therefor the only logical conclusion is that Wal-Marts announcement actually proves that the economy is still hurting (which is obvious to anybody that doesn't have blinders on). JohnH, you occasionally post as though you had some sense, but here you have goofed up a simple three step deduction. How does this reflect your earlier statement that "liberals are f***ing morons?" Are you now a liberal?? DSK |
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#6
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OT--Wal-Mart Posts $2.44B in 2Q Earnings
On Fri, 15 Aug 2003 08:13:48 -0400, DSK wrote:
JohnH wrote: You left out this part: "One retail theory is that when the economy is lousy, EVERYONE shops downward one level. So, even if you prefer Lands' End t-shirts, you may settle for Fruit of the Loom, or whatever WM sells." Economists are saying that the tax cuts are having a positive effect on consumer spending. Wal-Mart is enjoying some of those fruits. Umm, you seem to have skipped a step. Let's review: 1- Wal-Mart announces higher profits. 2- When the economy is lousy, people shop downwards 3- Whatever else it is, Wal-Mart is certainly not shopping upwards. Therefor the only logical conclusion is that Wal-Marts announcement actually proves that the economy is still hurting (which is obvious to anybody that doesn't have blinders on). JohnH, you occasionally post as though you had some sense, but here you have goofed up a simple three step deduction. How does this reflect your earlier statement that "liberals are f***ing morons?" Are you now a liberal?? DSK Hi DSK, I don't recall using the phrase f***ing morons, ever! Also, I did not write, "You left out this part: "One retail theory is that when the economy is lousy, EVERYONE shops downward one level. So, even if you prefer Lands' End t-shirts, you may settle for Fruit of the Loom, or whatever WM sells." Someone else wrote that. If everyone were shopping downwards, then WM's position would not change. The 'rich' would be shopping at WM (perhaps), but the 'poor' would be shopping at someplace cheaper than WM (they are shopping downwards too), or perhaps they wouldn't be shopping at all. Please note, the following excerpt is from a Washington Post article. It does not limit improvement to Wal-Mart. "Retail Sales Surpassed Expectations in July Increase Is Biggest Since March By Dina ElBoghdady Washington Post Staff Writer Thursday, August 14, 2003; Page E03 Consumers spent more than expected in July, generating the biggest gain in retail sales since March and adding to perceptions that a U.S. economic recovery is underway. " It seems as though you may be getting some of my statements mixed up with those of others. I've never, to my knowledge, called anyone a moron in this or any other group. Regards, John On the 'Poco Loco' out of Deale, MD |
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#7
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OT--Wal-Mart Posts $2.44B in 2Q Earnings
"JohnH" wrote in message
... If everyone were shopping downwards, then WM's position would not change. The 'rich' would be shopping at WM (perhaps), but the 'poor' would be shopping at someplace cheaper than WM (they are shopping downwards too), or perhaps they wouldn't be shopping at all. The rich don't have to alter their buying habits for normal purchases. They'll shop at Macys or Nordstroms no matter what. They may purchase fewer items if they're feeling a pinch. More likely, they'd curtail the discretionary purchases that'd be considered debauchery by most Americans. |
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#8
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OT--Wal-Mart Posts $2.44B in 2Q Earnings
On Sun, 17 Aug 2003 11:39:37 -0700, "jps" wrote:
"JohnH" wrote in message .. . If everyone were shopping downwards, then WM's position would not change. The 'rich' would be shopping at WM (perhaps), but the 'poor' would be shopping at someplace cheaper than WM (they are shopping downwards too), or perhaps they wouldn't be shopping at all. The rich don't have to alter their buying habits for normal purchases. They'll shop at Macys or Nordstroms no matter what. They may purchase fewer items if they're feeling a pinch. More likely, they'd curtail the discretionary purchases that'd be considered debauchery by most Americans. Thank you, that's the point I was making. Now you have a spectacular day. John On the 'Poco Loco' out of Deale, MD |
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