Is Walmart Good For America?

From this link from Carrie Warner of Yahoo! Contributor Network
http://www.associatedcontent.com/article/2775172/is_walmart_good_for_america_pg2.html?cat=3


"For the Wal-Mart consumer to get the lowest prices, the products need to be made with the lowest possible wages. This fact has led Wal-Mart to go China to get their products. In 1992, the creator of Wal-Mart, Sam Walton, died. After his death prices of the products in Wal-mart slumped, and soon after imports surged with Asia. 80% of products were being imported, and Wal-mart was makingmore money on the low cost Asian imports. Since Clinton signed a permanent trade agreement with China, China has become the largest exporter to the United States. Within the United States Wal-Mart is the largest retailer. Wal-Mart is China's largest consumer. Since the trade agreement goes both ways, the United States sends three-billion dollars worth of raw materials to China. China sends back thirty-eight billion dollars worth of the finished back to the United States. The U.S. is currently in a one hundred and twenty billion dollar trade deficit with China. Wal-mart executives have said "It's hard to make ends meet here [United States]". The cheap labor is really beneficial to the retailer, not necessarily the consumer. "


This is insane, I also remember my friend doing his research paper on Walmart and its effects on our economy and the world's economy and you can tell that Walmart is taking advantage of low-cost but highly labored products.