Posted on 06/07/2005 8:14:42 PM PDT by A. Pole
why don't you go to a local wm and find out for yourself. You can take a shower when you get home.
Because I've done enough work proving you wrong. Any more would just be piling on.
How are we getting richer?
No fair, I've got him first to adjust his all holy table to remove the top 2% outliers and their effect on earnings averages. This might take a life time or until the economy collapses, so catch a movie or ten.
Net worth is at a record level.
Not quite, he's a pro at jumping to insults but as far as insults go, they're about on a 5th or 6th grade level. Maybe he should outsource the insulting, I'm sure some Indian or Chinese guy can be wittier then Toddster there and do it for half the neurons he's burning out.
So where have you proved me wrong? WM's enron type fact sheet that said they bought 18 billion from china?? Wm did not get the term chinamart out of thin air.
Last time I checked Net Worth was Assets less Liabilities. We are the largest debtor nation in the history of the planet. Our liabilities are 10 times our annual GDP. Please show a little more depth of thought.
Let me count the ways. China does not hold the majority (+50%) of our Treasury debt. China does not have 300,000,000 engineers. Shall I continue?
Correct!!
We are the largest debtor nation in the history of the planet.
Correct again!!
Our liabilities are 10 times our annual GDP.
Huh? Annual GDP is about $12 trillion. Where have you seen our liabilities are $120 trillion?
Unlike yourself I admitted I made a mistake on those two. Prove to me without some enron type chart from WM or a pro import lobbying group that WM does not stock it's shelves with 65% or more goods made in china.
BTW: This is really getting old.
What are my unadmitted mistakes?
Prove to me without some enron type chart from WM or a pro import lobbying group that WM does not stock it's shelves with 65% or more goods made in china.
Gee, you want me to prove a negative? Why don't you get a chart from an anti-WalMart protectionist group that shows the real Chinese imports at WalMart?
Don't you think that if WalMart was lying and your truth (65%-75%) came out that the lie would destroy WalMart? Why would they risk it?
And that was only two. Did you want me to list more?
Sorry, I mis-stated. Liabilities are 8 times GDP. GDP is $10T not $12T. Liabilities (not current deficit) are $80T.
BTW, Where have you seen Net Worth at record levels?
Look at the economy. It's growing.
Last year, my income went up by 45% from the prior year. The value of my house shot up.
I'm not alone. The statistics say we're getting richer.
Quote: Last year, my income went up by 45% from the prior year. The value of my house shot up
These are the best of time and the worst of times. Tell that to the tens of thousands of people who lost manufacturing jobs in my state of ohio.
In current dollars, 1st Quarter 2005 GDP was $12.1917 trillion.
Liabilities (not current deficit) are $80T.
You mean for Social Security and Medicare?
BTW, Where have you seen Net Worth at record levels?
Here. $48.7945 trillion.
I think Putin is kind of cool. Cliff notes time, I see him as the Russian version of Teddy Roosevelt where he broke up the oil trust over there so all I could say to Putin, "go, man, go!" However, I do have one caveat, as an American I cannot trust him or Russia 100%, but if I was Russian (some of my ancestors came from there) I would be all for him.
Wow!!! That's like O.J. admitting he killed Nicole!!!
Yes WM buys 20 billion directly from china only...just like they say.
Well, actually $9 billion.
And yes, they buy the rest from American suppliers like Stanley tools, GE and Black & Decker.... who just happen to buy from china. It's not what WM is telling you but the omission facts they are leaving out.
Doesn't look like they're leaving anything out.
Myth: 70 percent of the merchandise sold at our stores comes from China.
Fact: The special interest group who makes this claim doesn't tell you where it got that statistic. In actuality, Wal-Mart's business with U.S. suppliers remains strong and healthy.
In 2004, Wal-Mart spent more than $150 billion for U.S. products and services sold at our stores. A single company with sales of that magnitude would rank #6 on the Fortune 500. You can count on this fact, too: The products and services from US suppliers sold at Wal-Mart stores provide good jobs to more than 3 million employees at 61,000 suppliers in states across America.
Wal-Mart estimates that we purchased about $18 billion from China last year -- about $9 billion imported from direct sources and about $9 billion from indirect sources -- compared to $150 billion spent last year with all kinds of suppliers in the U.S.
See, the indirect sources would be companies like Stanley Tools, GE and Black & Decker.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.