Tuesday, November 15, 2005

1779 Ted Kennedy on Wal-Mart

Do you suppose anyone has told Teddy how his daddy made his money? The money he's never worked for but always lived on? And he's saying Wal-Mart isn't in line with American values? Ted's family came out of the Depression richer than it went in, rolling in race track and liquor money--now that's good 'ol down home Amerika. At least Sam Walton worked.

"Joe Kennedy's money may have had unsavory sources as well. He is rumored to have imported liquor during Prohibition, working with mobsters in that industry (he later sold his legitimate liquor importing business to a known mobster named Abner "Longy" Zwillman). Joe Kennedy never publicly revealed his wealth, but the New York Times estimated his net worth at $500,000,000 when he died in 1969.Unlike their father, none of Joe Kennedy's sons went into business. Instead, they pursued his dream: elected office." American Experience, PBS

"Wal-Mart Stores, Inc. is the world’s largest retailer, with $285.2 billion in sales in the fiscal year ending Jan. 31, 2005. The company employs 1.6 million associates worldwide through more than 3,600 facilities in the United States and more than 2,300 units in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, South Korea and the United Kingdom. More than 138 million customers per week visit Wal-Mart stores worldwide." Wal-Mart

Wal-Mart has beat out every other American business in the aggressive use of information technology and in meeting the needs of its customers--and for that it has most businesses trying to imitate it, and everyone on the left who hates capitalism trying to stop it.
Wal-Mart Dist. Center. Imagine if Washington was this well-run!

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