Thursday, September 14, 2006

More About Wal-Mart

Wal-Mart is controversial. Here is a company which I believe is doing more for the quality of life for  lower-income citizens than any company in the world and yet it is despised by the Democrats and loved by the Republicans. How can that be? Doesn't the Democratic party pride itself on helping the common man (which, IMO, is a goal worthy of pride)?

A recent Wall Street Journal article describes just one more fact supporting my nomination for Wal-Mart as the first corporate winner of the Nobel Peace Prize. It reports: "Wal-Mart's prices for the financial services are lower than many competitors. Wal-Mart charges 46 cents for a money order, compared with as much as $1.30 at the post office. The company also charges a maximum of $3 to cash a payroll check; check-cashing firms usually charge 2% to 3% of the check's face value." Generally, Wal-Mart increases the purchasing power of our lower-income citizens by 25%, but here it's 50%. No wonder the banks are screaming about Wal-Mart getting a banking permit. Better watch out; pretty soon the Republicans will hate them as much as the Democrats already do.

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