No matter what a liberal tells you about the economy, they’re more than likely incorrect.
Take this bit of news for example. Thriving mega-company Walmart and it’s vast army of huge stores has boomed ever since the 90s. They’ve always been a bit of a barometer with how the economy as a whole is doing. When we had a recession, Walmart slowed it’s growth and even closed some stores. After, it opened new stores and has thrived.
Well now, our economy is in the dumps once again (thanks Obama), and Walmart is once again closing stores, due to increased labor costs in anticipation of the minimum wage hike proposed by our economy ruining President.
Wal-Mart Stores Inc said on Friday that it was pulling the plug on its smallest store format, Walmart Express, and closing 269 locations globally, including 154 in the United States, in a restructuring that will affect 16,000 workers.
Wal-Mart said it planned to close 102 of its Express format stores, which at 12,000 to 15,000 square feet are less than one-tenth the size of a typical Supercenter. The format had been in pilot since 2011 but did not deliver the desired results.
The closings are set to affect about 10,000 people in the United States. The company said it would try to place workers in nearby locations, estimating that 95 percent of the closed stores in the United States are on average within 10 miles of another that it owns.
So much for that whole job creation thing you promised Obama.
As historical evidence suggests, Walmart is a great temperature check against what’s happening in the U.S. economically. Fact is, we’re in a rut. That’s for certain.