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Wal-Mart plans $50 billion "buy American" push

NEW YORK (Reuters) - Wal-Mart Stores Inc will buy an additional $50 billion in U.S.-made products over the next decade in areas like sporting goods and high-end appliances in what the world's largest retailer called a bid to help boost the U.S. economy.

Wal-Mart, the largest private employer in the United States, also said on Tuesday it plans to hire 100,000 newly discharged veterans over the next five years, at a time when the U.S. unemployment rate is at 7.8 percent.

http://smallbusiness.yahoo.com/advisor/wal-mart-says-buy-mor...



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Oh, for crying out loud. They

Oh, for crying out loud.

They gave up their whole "Made In America" marketing angle in the 90's because they found even they couldn't be competitive unless they used Chinese manufacturing.

Now, it's true that the costs of doing business in China have been rising steadily (even Chinese companies have been moving to Brazil, Vietnam and Africa), but there will always be a cheaper place to do business somewhere. I guess even a downtrodden place like Afghanistan could conceivably become a low-cost manufacturing center, given the right set of circumstances.

Isn't announcing to hire

Isn't announcing to hire 100,000 veterans over other probable equally or more qualified Americans violating some equal employment act some where??? You know if you claimed to hire from any other specific group in that manner you would be flamed immediately.

As for the $50 billion claim... Yeh, whatever... With fundamental economics pointing Wallyworld's purchasing power to third world labor markets this is nothing more than smoke up the backsides of those that could believe these combined announcements are anything more then PR for a once great retailer now more and more political as the days go by.

We have empowered these giants of retail and finance by allowing them to first push the labor overseas and then use economy of scale to bring the products in at favored rates directly destroying local retailers and any diversity of smaller competitors. That is not a level field and it won't be again until we restore the free market and break the partnerships of government and big interest.

Government must wither in every aspect to even begin to achieve the quality of our original design under the Constitution.

“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.” ― Henry Ford.

Joη's picture

isn't the fed printing that much every month, indefinitely, now?

"until further notice", "though it's not going to last forever"?

"You underestimate the character of man." | "So be off now, and set about it." | Up for a game?

Phxarcher87's picture

7.8 % unemployment

What a joke

One of the biggest pitfalls in a "movment" is the temptation to get cultish about it and refuse to realize that it is only part of the picture. -Joel Salatin ; You Can Farm pg 202

It's a step...

It's a step in the right direction.
Most likely "The System" is forcing them to make this change.. but its still a good thing for them to do.

$50 billion 'buy American'

$50 billion 'buy American' program? Wow, they used to do that when Sam Walton was CEO. But all of a sudden, the moment he died, his family turned their backs on him and since then Walmart is just a shadow of its past. I've not shopped from Walmart since February 2010.

that is 50 days of war.

FYI.

I wonder if this will help fix the money lost from people

boycotting them for rolling over for Obama?

They lost my support.

I buy almost everything from Walmart that I can because of the price.. except food..I try not to buy anything but local when I can.

Anyway, they can kiss my Patriot ass over the 2nd Amendment duck and cover.

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

can't shoot nothing

with a stove !

mcjobs

that they will probably insist on applicants going through a medical, being found to have ptsd and unfit to own a firearm. It's so transparent.

This is just PR, they need to buy $50 billion A YEAR

Not over a supposed 10 years.

I'm sure that $50 billion is going to be worth a lot less by then.

================================
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Michael Nystrom's picture

Exactly - $5 billon per year

For a company that had US$ 446.950 billion in revenue last year, per Wikipedia.

It is a drop in the bucket. Exactly what you said - a PR stunt.

"Wow! $50 billion is a lot"

The only way to make sense out of change is to plunge into it, move with it, and join the dance. - Alan Watts