The Wal-Mart Economic Stimulus Plan

1. In just a three-week period from October 7-27, Wal-Mart (WMT) announced the opening of 22 new stores and expansions of existing stores that have added 5,340 new jobs to the local communities in 18 different states.
2. Wal-Mart recently announced Hundreds of Millions of Dollars in Price Reductions, with unprecedented savings each week this Holiday season.
3. Wal-Mart also recently announced that total capital spending for the fiscal year ending Jan. 2010, is projected to be between $12.5 to $13.1 billion, up from $11.5 billion in fiscal year 2009. Total capital spending for the fiscal year ending Jan. 2011 is projected to be $13.0 to $15.0 billion. Note: More than 50% of Wal-Mart's capital spending is for its U.S. operations.

Call it The Wal-Mart Economic Stimulus Plan: Thousands of new jobs for American workers, millions of dollars of savings for U.S. consumers, and billions of dollars of investment in local communities around the country. And it all happens in the private sector, without any new legislation and without adding a dollar to the U.S. deficit.

Comments

[stink726:]

Although I personally do not like WMT, I trust them to help the economy more than Congress. Congress has become so bad that I'd rather have WMT instead of Congress running the healthcare system.

Oct 29 12:26 PM

[a. palmer jr.:]

They are pretty well running the Pharmacy part of it.

Oct 29 03:29 PM

[2houndz:]

But don't expect them to get an ounce of credit, since they are doing this in the name of the dirtiest word of all - to make a PROFIT. Can you imagine?? Isn't it common knowledge by now that anything done for profit is wrong-headed?

WM is also leading the way among retailers in the practical use of green technology as well, but they seldom receive kudos, since they are implementing the changes based on the "P" word above.

Now that jobs are scarce, some communities who would not allow the stores in their towns two years ago have changed their tunes, but still plenty are running these greedy capitalists out on a rail.

Oct 29 04:46 PM

[bamagene:]

2houndz has it right. Most of our problem is government wanting to turn us into socialists. Our country was built on capitalism and has worked very well. That is to work to make money if you want it and run your business to make customers happy who in turn spend money with you and you make "PROFIT" and your business grows. Also to invest and expect to make a good return on your money. We should have "reform" of our congress and pres. salaries, perks, and 'bonuses' (we'll call those extra monies received) in the same fashion they are trying to do to companies and see how that goes over.

Nov 02 10:51 AM