Walmart - Customers are running out of money :D

[FUCK THE POLICE]

Wal-Mart abuses their workers and increases our trade deficit. Then, whenever they're sales slow down, they come up with THIS:

http://consumerist.com/consumer/rea...customers-are-running-out-of-money-289971.php

Walmart CEO: "Customers Are Running Out Of Money."

pray1.jpgBoth Walmart and Home Depot disappointed the stock market with their lower-than-expected earnings, and their failures are freaking everyone out. From the NYT:

"Many customers are running out of money at the end of the month," said H. Lee Scott Jr., the chief executive of Wal-Mart.

He also blamed Walmart's "poor clothing and home décor products." (Insert Nazi T-Shirt joke here.) "Li'l Franky" over at Home Depot took a more subtle approach, blaming poor sales on a "tough selling environment."

"The housing market remains difficult, and our performance reflects that," said Mr. Blake,

America, you need more money!

 

[uscitizen]

Um in an article I posted a few days ago their argument for why consumer sales were dropping was even funnier.
Their claim was because we did not have the right stuff on the shelves to sell.
Just can't be anything wrong with the economy.

 

[Chapdog]

Generally speaking there has been some pressure over the past couple of years that is building even for middle class. Higher gas, oil, water, electric bills. Small 3% raises, Variable interest rates are rising.. Dollars buying power falling.

Lethal combination.

 

[Crashk]

Generally speaking there has been some pressure over the past couple of years that is building even for middle class. Higher gas, oil, water, electric bills. Small 3% raises, Variable interest rates are rising.. Dollars buying power falling.

Lethal combination.

tough economic times always hits the poor first, then the middle class, we're seeing it now.

 

[uscitizen]

posting for topper.

grasshopper the economy is great , average income is up and more millionaires every day. Take economics 101. You will learn from the master.