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Thursday, April 28, 2011

At least Wal-Mart is honest about the economy

Propaganda essentially is to tell a lie over n' over until it becomes 'true'

Sometimes its used to convince people that this product is better than that product, or this politicial party, race or ethnicity is better or inferior than another, as the Nazis perfected..

And as expressed in previous postings, the government, media, financial markets and corporations are Damned determined to have you accept faux enonomic 'recovery' or break you down trying..

So even though Wal-Mart is part of the overall economic problem, I found the following article's honesty a little bit refreshing, especially the last part...

From CNN/Money:  "Wal-Mart's core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday. "We're seeing core consumers under a lot of pressure," Duke said at an event in New York. "There's no doubt that rising fuel prices are having an impact."

Wal-Mart shoppers, many of whom live paycheck to paycheck, typically shop in bulk at the beginning of the month when their paychecks come in.  Lately, they're "running out of money" at a faster clip, he said. "Purchases are really dropping off by the end of the month even more than last year," Duke said. "This end-of-month [purchases] cycle is growing to be a concern.

Wal-Mart which averages 140 million shoppers weekly to its stores in the United States, is considered a barometer of the health of the consumer and the economy.  To that end, Duke said he's not seeing signs of a recovery yet."

~ Did you catch that last part??

  Wal-Mart because of its 140 Million shoppers each week is considered "A Barometer of the health of the consumer and the economy"

And what does the "Barometer" show?  --  'Not seeing signs of a recovery yet"

And YET-- Obama Constantly says we're in Recovery..  Bernanke.. Geither... everyone in government says it..  The finance sector and markets say it.. The spineless corporate media trumpet it..

Maybe its just me, but I don't like being manipulated...  I don't accept "We're #1" when we're not and I will never accept "recovery" when to the bottom 98%, there isn't one

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