What's Bad for America is Good for Walmart

by: satyr9us

Thu Oct 30, 2008 at 02:14 PM CDT

The San Diego Union-Tribune has the deets:

Wal-Mart Stores Inc.'s share price posted the biggest jump in 20 years, surging 11 percent to $55.17, after the world's largest retailer forecast "low-single" digit same-store sales growth on a percentage basis going into 2009. The company plans to increase international capital spending in emerging markets as it scales back U.S. expenditures.

So to keep track: as we experience the most devastating blow to our economy in 20 years (measured in terms of Dow percentage) Walmart experiences its largest gain.

So what's bad for America is good for Walmart. That much is now established; it's just math. But how about the converse-- that what is good for Walmart is bad for America? And the inverse: that what is bad for Walmart is good for America?

Let's Wake up Walmart-- for the good of the nation.

(Cross-posted to Daily Kos and MyDD)