Wal*Mart Exec is a Socialist!

The second article (see below, as I just realized I did this backwards), "Economy Casts Shadow on Advertisers' Forum," details the sad state of affair at the recent Association of National Advertisers conference. The group, who are the real engine of the economy if you consider that 70% of GDP in the U.S. is consumption, were not feeling very sanguine about the future given the state of the economy. But some thought these were "exciting times" because they had to be more creative and that targeting the wealthy might be the best strategy. Antonio Lucio, global chief marketing, strategy and corporate development officer at Visa (well that's certainly a mouthful) noted that the company is studying how "the affluent segment is growing, growing very fast," and what that means for the company (umm, tailoring to the new gilded class maybe?). 

But the most startling news came from Stephen Quinn, an executive at Wal*Mart. He argued that "although we're finally seeing growth coming back into our stores, things are fundamentally different , and permanently different with the U.S. economy and U.S. consumers." So what changed? Well, among other things, "the hollowing our of the middle class" which is creating "the hourglass economy where our country is being divided between the haves and the have-nots." Obviously a socialist and class-warfare advocate. Why haven't Fox News grabbed the story yet! Well, maybe because only those calling for tax increases and regulation are socialists. The rest are just talking about a yucky topic that distracts us from  being angry, victimized white folks.