Author Topic: Underwear Economics  (Read 467 times)

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Offline bijou

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Underwear Economics
« on: September 22, 2010, 01:31:39 PM »
Quote
There is no Santa Claus. The next best thing is Wal-Mart. And Wal-Mart says we're all getting underwear for Christmas.

OK, so maybe some children will still receive their annual allotments of cheap electronic games and plastic toys.

"But for all you adults out there, I think you should plan on socks and underwear for Christmas," said Bill Simon, CEO of Wal-Mart's U.S. business, at a Goldman Sachs conference last week. "Because that's going to be what you are going to get -- at least from me."

He was kidding. But he was not all that funny.

"The Wal-Mart customer is a bit of a microcosm of the U.S. economy," he explained at the conference.  ...
http://online.wsj.com/article/SB10001424052748703470904575500343956694632.html?mod=crnews

Short but worth reading the full article.



Offline Chris_

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Re: Underwear Economics
« Reply #1 on: September 22, 2010, 01:37:32 PM »
I wonder how many times the WSJ is going to run the same article.  I think that's the third time since 2009.
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Offline Ralph Wiggum

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Re: Underwear Economics
« Reply #2 on: September 22, 2010, 01:39:56 PM »
I wonder how many times the WSJ is going to run the same article.  I think that's the third time since 2009.

Yeah, haven't we heard this before?

Not a knock on you, Bijou.  I just have seen this in several contexts since the economy started dipping when the Dems took over in 2006.
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Offline JohnnyReb

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Re: Underwear Economics
« Reply #3 on: September 22, 2010, 03:44:27 PM »
Here's how bad it is in my area.... I'll be getting tube socks from the flea market.
“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin