Wal-Mart Revisited...

From Brietbart.com, via the Drudge Report...

"WAL-MART ECONOMY KEEPS LID ON U.S. INFLATION: studyNov 04 12:50 PM US/Eastern


"The "rock-bottom" pricing strategy used by retail giant Wal-Mart has filtered into the US economy and kept a lid on inflation, according to a study commissioned by the company and released."

Didn't that just say that Wal-Mart commissioned and released a study into whether they, as a company were good or bad for the U.S. economy?

"The study by the economic research firm Global Insight concluded that the discounting along with other measures led to cumulative savings for consumers of 263 billion dollars between 1985 and 2004, or 895 dollars per person."

"The report also found that Wal-Mart's low pay for employees led to a 2.2 percent drop in overall wages across the economy but maintained that this was offset by falling consumer prices." (emphasis mine.)

"Consumers earned less in nominal dollars, but their income bought them more in the economy with Wal-Mart because of real disposable income gains," the study concluded." (again, emphasis mine.)

The Free Market works, folks.

Hate Wal-Mart all you want.

Wal-Mart is a good thing for America.