Bloomberg publishes internal memos leaked from Walmart...something is fishy....

Ok, I don't believe this.  Bloomberg news leaked internal memos allegedly from Walmart saying that February sales are the worst ever and they are trying to pin it on the payroll tax hike.  This sounds like phony journalism to me.

I went to Target today (as I do try to avoid Walmart like the plague, but it is not always possible).  I bought a couple of things, but I was prepared to buy more stuff, but it looks like a lot of their supply of certain things, especially toys hasn't been replenished since December.

How can consumers buy anything if there is nothing on the shelves?  Walmart's issue may be not meeting demand with enough supply or they have run out of supply particularly for the items that people want to buy.  Retailers anticipate slower sales and do not bother to restock too many items and sales slow down because shelves are empty not because there is a lack of people able or willing to spend money.

There is also a possibility that Walmart executives want to short-sell their stock, so they leak a couple of memos and a month or two later they will buy their stock back shortly before they announce that they had record profits in the first quarter of 2013.

Whatever the case may be, I don't like it.  It looks like the wealthy are trying to use the media to get Americans to join the GOP in their anti-tax rantings.  I do not think the payroll tax would have that big of an impact on spending so quickly.  I think mega-companies like Walmart are just promoting their anti-tax, anti-government and anti-middle class agenda. 

Keep on striking! Walmart workers...

I am so glad to see that Walmart workers are finally taking some nationwide action against their employer. 

The attitude of most employers in America today has become like this:  "Well, you are very lucky to have a job right now, so many people are out of work, so you won't mind if I defecate on your head.  Please bow your head to the ground, while I pull down my pants."

Walmart is notorious for treating its employees in such a fashion and underpaying them.  Walmart's everyday values come at a great price to its workers.  I try to avoid shopping there. I prefer shopping at Target which has a slightly better reputation.  Sometimes you really don't have a choice because your wages are stagnant, and discount stores are usually very convenient and have the best prices, what can you do?

I got a kick out this Jibjab animated video called "Big Box Mart" which sums the situation at Walmart and how the powers-that-be are purposely driving the United States into the ground.  And it does a great job of explaining our current predicament in under three minutes to the tune of "Oh, Suzanna."

Please check it out here:  

http://www.jibjab.com/originals/big_box_mart

It is time that Walmart workers unionize at fight for better wages and working conditions.  And if this eliminates Walmart's competitive edge in the market that's too bad.  Maybe it will make it easier for smaller retailers to compete.  Markets do best when there is competition, right?