Wal-Mart CEO Lee Scott last week:
Lee Scott, the chief executive of Wal-Mart, the biggest retailer in the world, told investors that profits over the full year would be lower than expected because “many customers are running out of money towards the end of the month”.
I wonder what he thought would happen after Wal-Mart ran all the local suppliers out of business and his customers saw their jobs move to China.
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