Posted on 02/16/2009 1:23:26 PM PST by Rufus2007
Instead of praising Wal-Mart for offering less expensive goods to stretched consumers, David Nelson depicted Wal-Mart as a thug on Fox News Channels Cavuto on Business.
Nelson, DC Nelson Asset Managements founder, harshly attacked Wal-Mart comparing the company to gangster Al Capone and calling it the Antichrist Feb. 14.
Guest host Charles Payne was discussing Wal-Marts push to open new stores in Chicago, and argued that the city is more likely to allow the retail giant now that the recession has created a need for more sales tax revenue and new jobs.
..more (w/video)..
(Excerpt) Read more at businessandmedia.org ...
What happened to Fox being our friends?
they do not want lower prices
Yeah I saw that. Don't know who that guy is but, my personal opinion is that he does not have good judgment and I personally would never give him any money of mine to invest.
‘Guests’ on Fox News, not Fox News.
Cavuto damn sure doesn’t think this.
Walmart is becoming like the railroads of old. And they sell mostly Chinese crap. Sometimes Republicans need to learn from the liberals a little to say “I may not buy what you’re selling, but I’ll defend your right to sell it.” Unapologetically praising the most cut-throat business practices may not win a lot of fans.
Actual free enterprise and capitalism on display in a non-union environment...that’s Walmart. It is wildly successful and profitable. And THAT is why Nelson and other leftists don’t like Wallyworld.
Most other stores sell similar merchandise. Why do you condemn Walmart for selling similar merchandise?
Walmart has its share of tough practices like its competitors. Walmart also has friendly practices. For example, Walmart has never had slotting fees likes its competitors.
Walmart has consistently delivered lower prices to consumers, unlike its competitors. Walmart has rewarded its employees with ownership (including the risks) unlike its competitors. Walmart has not supported the left like some of its competitors. Walmart has steadfastly opposed the monopoly of big labor. On balance, I like Walmart so much that I shop there every week. I do not apologize for my preferences.
So that explains the recent round of layoffs.
If you don’t like Wal-Mart don’t shop there, start a better store chain.
"round of layoffs", 800 at corporate on an employee base of almost 2,000,000.
Success breeds contempt.
Wal-Mart is a mix of bad and good...they sell low price stuff...at the cost of a lot of American manufacturing.
The excessive Wal-Mart bashing...as well as the excessive Wal-Mart praise (much of it from people who never shopped there)...is too much.
The Wal-Mart model will start to fade...probably within the next five to ten years. They are making the same mistakes as a lot of other big chains in the past (over-expansion, limited quantity and quality of products). Their weak competition is pretty much out of business, while their main threats (especially grocery) are still around.
I remember as a kid, older folks told me “Woolworth’s will never go out of business”. Ooops
It is silly to blame Walmart for laying off employees in a period of recession. No one complained when Walmart was hiring large numbers of people...
Ummm...Hillary Clinton was on their Board for some years....so I don’t buy “they are conservative”. They have benefitted greatly from both parties
Where did they find this Union Thug.The Marxist Thugs will do anything to destroy free enterprise
Ooops
It is called KMart now.
Walmart is the biggest threat to putting union grocery stores out of business, and that is why it is attacked by unions and democrats.
Spoken just like someone who shops elsewhere, but "knows all about it". I see more AMERICAN products in MY checkouts, bi-weekly. You may be blind, but I look for the little flags!
Cheap is best!
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