Newsweek columnist Robert J. Samuelson surmises that Wal-Mart Stores Inc. (WMT) are receiving a bashing from Democrats under the idea that America's political culture demands at least one hideous corporate villian to villify in the upcoming elections.
In the recent past that role has fallen to companies such as General Motors Corporation (GM), International Business Machines Corp. (IBM), ExxonMobil Corp. (XOM), and Microsoft Corp. (MSFT).
He states: There may even be political pitfalls to this crusade. By Wal-Mart's estimate, 85 percent of Americans shop during the year at the chain; in opinion polls it generally receives high ratings. People are voting with their pocketbooks. On any list of major national concerns, the "Wal-Mart problem" would not rank in the first 50. Why, then, are some leading Democratic politicians spending so much time talking about it? People who ask that question may conclude that Wal-Mart, though a tempting target as a political symbol, is mostly a diversion from weightier issues where what politicians think and do really matters.
Interesting diversion tactic eh?
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