This is bit of a postscript about that fine retailer the Prez dropped in on last week. I thought I was beyond being shocked by the shenanigans of our corporate betters, but this is rich indeed.
It seems Walmart didn't report a very profitable business last year. After all, in our slack labor market in which even people with jobs aren't doing very well, Walmart's customers have cut back. But executives shouldn't have to do the same, should they?
Morgenson, one of the fine reporters around, simply read Walmart's annual report to shareholders. Their little accounting trick was there for all to see. Nice job, Mr. Simon, overcoming the consequences of people being forced to eat less by skinflint Republicans.
As a city dweller, I don't think much about another aspect of Walmart's impact. But the other day I sure did notice I'd entered a sea of parking lots.
This corporation is no environmental model, Mr. President!