Threat of card check legislation sends Wal-Mart stock rating down
Way to go, Democrats and President Obama: Carrying Big Labor’s water caused Wal-Mart’s stock to be downgraded:
Citigroup downgraded Wal-Mart Stores Inc (WMT.N) to “hold” from “buy” saying the proposed card check legislation would increase labor costs and could be a significant drag to earnings for the world’s largest retailer.
“We believe that WMT would be the primary target if EFCA/card check were to be passed,” analyst Deborah Weinswig wrote in a note to clients.
If theunions are successful, the company would have to concede higher wages formore seasoned employees, increase employee benefits significantly, and would experience diminished workforce flexibility, the analyst said.
She cut her price target on the stock to $48 from $53.
“Saving” the economy by strangling it. It’s the Obama way!
***
God help us. It all comes down to Turncoat Caucus member Arlen Specter again:
Right now the GOP is gaining the upper hand in the Senate by drawing moderate Democrats toward their camp, potentially depriving labor of the 60 votes it needs. The Democrats know President Barack Obama cannot afford a big defeat, so they are starting to talk compromise. “I wouldn’t be supportive of what’s introduced, but I’m keeping my options open to see what amendments come forward,” says Senator Ben Nelson (D-Neb.). Senator Mark Warner (D-Va.), who has strong ties to business, has also signaled a desire to bridge the two camps.
…Senator Specter could be key to any deal. At least one GOP vote will be needed for passage—and he’s the only Republican to show any sympathy so far toward card check. While he argues that the time is not yet ripe for a compromise, he comes from a pro-union state and he co-authored a law journal article exploring alternatives similar to some now on the table.
***
Did you see this? Senate hearing on card check turns into union revival meeting:
Paul Bedard has more on the circus.
See what others have said
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Trackbacks
- And Here Comes More Pain Inflicted On American Businesses By The Democrats « Tai-Chi Policy
- Liberals Need Their Own Recovery Program « Mark Epstein
- “It’s the economy, stupid” « Peace and Freedom Global Future
- Analyst Downgrades Wal-Mart Stock on Card Check | Citizen-Right
- Economists Give Obama Failing Grade; New Bailouts Demanded As Obama Breaks Promises | OpenMarket.org
- Change!!! « Curtis Lowe
- The Big Kids Table » priorities
- Card Check is Tyranny! And also a war against the free market and specifically Wal-Mart « Jim Blazsik
- JABbering Stooge :: Cum hoc, ergo propter hoc :: March :: 2009
- The left’s War on Prosperity continues « Right Minded Online
- Wal Mart stocks downgraded with Card Check looming | Fire Andrea Mitchell!
- Commie Card Check | America Needs Me
- Commie Card Check | America Needs Me
- Audio: Laura Ingraham mocks "plus-sized" Meghan McCain as airhead valley girl | Mofo Politics | Hoping Obama fails
- Undemocratic card check threat hurts Walmart stock « Wellsy’s World
- Card Check Will Cost 600,000 Jobs | Ft. Hard Knox
- No Secret Ballot, No Freedom with Card Check | Political Crave
- The Quietest 40+ Days of My Life « Spoodles
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Mao’s, Castro’s, or Jong’s or Hồ Chí Minh’s for the nostalgic.
Bomb Hanoi-let’s do it again
DO IT RIGHT
God Bless the Infantry and those magnificent men in the B-52!
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Keep the change-I’ll keep my guns
How is this crap even legal? Unions should be outlawed. Period. Don’t like it? Don’t work.
About no Ammo at Walmarts. At Walmart the other day, and overheard rumor that some ammunition is being bought (or kept out of our hands) to prevent it from going to owners that Obama is worried about…..the Tea Party folks.
At least a couple of others had heard some similar things….
Whose hands is the ammo going to….maybe Obama’s new Security Corps!!!
I have also seen on several other blogs that had written about this that there is a big increase in gun buy-backs in a bunch of Urban areas. Who are getting their hands on those guns…..maybe also Obama’s new Security Corps!!! or as I’ve seen here, “his Brownshirts.”
Michelle, is Obama getting guns and ammo into the hands of the Black Panthers-KosKids-Bill Ayres Anarchists-Islamists for his fight against us??
If I’m not mistaken, North Korea used Card Check in their recent election… and guess what… the vote was unanimous.., not only that, but they announced that ALL eligible voters participated…
How great is that?
If, Wal-Mart raises its prices to cover the costs of unionization, isn’t it likely that other businesses will raise theirs as well? Maybe it has to do with forced unionization (regulation), but maybe its simply BECAUSE THEY CAN (market forces). If Wal-Mart raises their prices, the other stores can too. So if Wal-Mart was charging $1.99 for an item and raises the price to $2.19, then the store that was selling the same item for $2.19 can raise its price to $2.39. That’s going to ripple through the entire economy.
And having worked in retailing, that’s exactly how it works. Each retailer “shops” his competition and sets prices based on where he fits in the pecking order — Wal-Mart at the low end, Sears / Penney’s / Lowe’s etc. in the mid-range, and specialty shops at the high end.
It would work similarly as to how a raise in the minimum wage works. Bottom end goes up, everyone else has a license (or with wages, expectation) to go up.
Phil, no problem with blowing off Wal-Mart. It’s still a free country in that respect (for now!) But if Wal-Mart unionizes, sooner or later the stores you shop at will be raising their prices, so you’ll end up paying more too.
How sympathetic are you to people who make $9 an hour when some of them are going to lose their jobs because of forced unionization? Not only at Wal-Mart, but at other businesses around the country.
Don’t you liberals ever get tired of @*$%ing things up with unintended consequences.
RSS, given that there are companies that will simply go to friendlier countries, how is that going to benefit anyone here? What good is it to be a Union employee when you don’t have a job?
And let me ask you something else. Back in August 2001, a letter was sent to Mexico about labor practices. The last paragraph said this:
Why is it good enough for Mexico but not good enough for the U.S.?
When we all are hungry, we will sign up. The sword of nationalization will not stop hacking until the communists have all aspects of our lives in their pockets. When the grocery stores get nationalized is when we are done. Hungry people will do anything.
We are dealing with a rookie and naive president, along with a “congress gone wild”. Things are going to get a heck of a lot worse, before the American public says “enough”, loudly to be heard by our corrupt government.
Exactly! I would argue though that Obama is not so much a communist as he is a facist.
Does anyone else out there see the irony in CitiGroup downgrading Wal-mart stock trading @48/share after their own stock has dropped from @25/share to $1.67 in the last 5 months?
Has Wal-mart issued any advisories changing their recommendation on CitiGroup stock from “hang yourself” to “throw yourself out the window?”
On March 12th, 2009 at 4:43 pm, graysonret said:
Obama is not a rookie. He has been preparing his entire life to “bring an Empire to its knees”. And it appears from his short time in office that he is a professional.
The Democratic Socialist Communists have a program called
and they are driving us down that road with a lead foot.
Here is the summary of where they want to take us:
CHANGE. It’s what Obama is all about. Fundamentally changing this country from a Capitalist nation to a Communist one. But name a single Communist country that worked and actually brougt HOPE to its people.
Every time in history when a region of the world was split into one part Communist and one part Capitalist, the Capitalist country always provides a better outcome for it’s people. Look at West Germany vs. East Germany. Look at South Korea vs. North Korea.
Socialism and Communism are quite literally Satan’s form of economics – based on jealousy, and leading to pain and suffering for the people. It’s no surprise that Communist countries frequently try to ban the Bible and the Gospel message. Their goal is to keep people in bondage, not to set them free.
Loud words aren’t going to stop them. They will not stop voluntarily.
fixed it.
Alllll-Righty, now!
Hey!
All youse guys here who vomitted on so noisesomely about how Ole Arleen The Liberal Ghost would vote for Conservative values then said Toomey couldn’t win, and we were just “Stupid Ideolog Purists”…
NOW do you see why purity to the Constitution and its Principles are so blindly important?
… probably not…
oops:
“…are important…” = “…is important…”
Great word! Mark Twain said; “I don’t give a damn for a man who can only spell a word one way”
Geithner can’t find anyone to work for him… HA!
The money people don’t want to be attached to Obama?
Hey Mike, how’s your dad? Tell him I say hi!
And I shouldn’t say anything too loud, but a certain noisesome person has been conspicuously absent… (yay!)
Coming on top of the recent public statements of “money people” like Welsh and Buffet I think many, many “finance people” don’t want to preside over the destruction of the US economy.
Well, working from a PDA without the benefits of spellcheck software, or format buttons (you know, [strong], [link], [quote], [preview], etc…) means I sometimes err when writing. Add to that that the editbox is 1line high and 21 characters long — necessitating my scrolling back and forth between sections of my comment, I think I do fairly well.
Of course, if I didn’t credit 80% of the visitors here with intellect enough to compensate for my shortfalls in expressing my thoughts, I might write it all out on paper 1st, instead of extemporizing.[grin]
OTOH, I could pick apart everyone grammatical, spelling, and vocab. errors… but I think I’ll stick to errors in logic [wink]
OT
Hi Joy!
Thank you so very much for asking!
Physically & mentally he’s doing pretty well. He’s been busy winding up his affairs, because we’ve decided he’ll go with my group (ie my wife, minor children and I) to AK after my final-out is completed.
He loves to hunt & fish, (and even after 60yrs, there’s still a lot he can teach me[grin])!
Also, the current direction of our Country has disheartened him. He’s suddenly starting to feel his years, so emotionally he’s kindof worn out. I guess its to be expected — his love for The Founding Fathers & the Constitution is exceeding deep. To see it, even in its current watered-down form, dismantled over a few months (or even the strong start currently) largely without outcry by the people it was written to protect has hit him hard.
Related News
StepMom was going to re-up, but after the new directives were unveiled, she’s decided that at the end of this year she’s taking early retirement. I’ve posted some of them on MMs site earlier… things such as Active Duty having a co-pay *even* at a Base MTF, and counting medical care Active Duty & dependnts receive toward a “lifetime cap”, etc. She sees where things are heading and wants no part of it.
She’s going join us later and plans to hang her shingle whereever in AK she & Dad wind-up. She’s said she doesn’t care if her patients pay her in elk-meat. AND she’s not putting her people’s records on the net, either!
I know that remembers his friends here very fondly, he’s just on a rough patch right now.
Every store in this country is out of popular ammo from 32act/9mm/45/270 win/30-06 and beyond. It was Obama’s first Stimulus.
Buy what you when you can–the Obaminites are HERE.
—
Keep the change-I’ll keep my guns
mike, I wasn’t sniping, I like the word. I often miscongrugulate words to make a point.
Michell: Please bear with me I’ve got to vent somewhere.
I mentioned in a note here yesterday that it might be worthwhile to watch a DOJ move on one Sheriff Joe Arpio of Maricopa County AZ.
It blows my mind, here we are in the middle of one of the greatest financial catastrophes in our history. Being led by a total novice, and 4 Democrats from, Mich, N.Y,Calif, and VA have the time and chutzpah to “dabble” in the internal affairs of a state that, at least for three of them, is on the other side of the country.
A side show to take the audience eyes off the Freak?
ACORN, the ACLU and the National Day Laborer Organizer Network (what chapter of Alinsky covers this group?)are participants in a lawsuit charging Civil Rights violations by the Sheriff’s Department against illegal aliens.
I guess I have a problem understanding “illegal alien civil rights”
PC is Thought Control
LEE
oooops: Michelle, my goof
LEE
Dick Gregory, 76, world famous activist, author, lecturer and comedian, appeared on the radio and television shows of Don Imus … this morning and made an historic announcement in connection with what he called “the inexcusable crisis of humanity in connection with the tragic state of the this country’s economy as a result of the past eight years of greed, arrogance and fear-mongering,” Gregory said.
Yep he won’t eat till it’s fixed.
http://imustimes.wordpress.com/2009/03/12/imus-dick-gregory-to-fast/
Those evillllll capitalists!!!!
Sorry, I’ve been doing my final out-processing and it has been really rough, especially today.
There’s a joke in the military about GS (Gov.Service) workers:
Its a hard job: start at bright & early at the crack of 10:00, union break at 10:30… Eagerly back at it at 11:45, a well-earned lunch at 13! 2 measly hrs for lunch — hardly any time at all — then back workin’ hard until the union break at 1545! Work like a dog until 1630 and drag yourself home to a well-deserved rest!
And all at only 22% more than a serviceman in the same job!
(…can you tell the major source my frustration?)
I’m sorry I misread the tone you used. Going back & re-reading it I see the tone meant now.
Take care! As for me, I’m taking the wife to dinner…
That comes from the mindset “Citizen of the World”, “World Without Borders”-Racist, Imperialist, Capitalist America must be destroyed on the alter of the UN. John McCain was not too far from there–Obama made his point rather clear at the Socialist Workers Rally in Berlin.
In the case of the illegal aliens in Arizona and in this case Maricopa County the groups representing the law suit are Reconquesta–they want the western United States to be reunited with Mexico.
These groups not only do not want the immigration laws enforced:
Drunk Driving-bad but part of the macho culture
Spousal Abuse- to be settled by family, part of the macho culture and none of the Man’s business
Coyotes- Criminals to the U.S. but heroes to the Reconquesta and anarchist. They can be real monsters to their victims.
Gang Activity and associated crime–macho culture again.
And the list goes on. In southern Arizona we have Rep. Raul Grijalva openly working for the Reconquesta. Treason and nothing but treason. No worse than McCain I would suppose.
Card Check-open immigration-medical files online- it is all part and parcel of our subjugation–they wish the SOBs.
—
Keep the change-I’ll keep my guns
Collect dues, forward to Democrat re-election campaigns.
I was at my local union meeting this evening. First came a call to action to contact our congressmen and senators to support the Employee Free Choice Act, whose opponents are
- raising “‘gasp’$100 million to fight” ,
- and spreading the ‘myth of union coercion’….
Next came
- pressure to donate through payroll deduction to the union’s PAC,
- and a survey of ‘What I want my union to do / not do’ which we were told to leave in a branch officer’s work space if we wanted anonymity.
Lesson 1 : Millions for advocacy from big business, bad.
Many more millions for big labor advocacy, good.
Lesson 2: Public response to your local union survey is too intimidating. Publicly deciding to seek or not seek union representation is not at all intimidating.
Too funny.
I hate be redundant but is anyone really surprised by the outlandish, childish behavior of the pro unionists(democraps)?
Everyone – give it a rest and go look at the beautiful full moon right now. at 9:54 CST
And what that little statement leaves out, but will be devastating nation wide is that the prices of all their items and food, which is low and allows lower income families the ability to stay afloat, especially those able to but groceries for half what it would cost at any normal supermarket, to rise drastically, placing undue hardship on people who will, in no way, benefit from the unionization of the WalMart employees.
See, that is the Democrat plan for you. They love to say how they are helping and list off any number of special interest groups, but ultimately their plans will destroy far more people in this country than they could ever help.
This is called fomenting.
No doubt, someone somewhere is going short on Walmart, and hopes to make a killing.
Has any other company, who has a non-union work force, had their stock price down graded?
Fomenting to go short.