November 15, 2008

Walmart Profits Up

When "Big Oil" had record setting profits (at a time of high prices), Democrat legistlators immediately called for investigations and tried to draft a windfall profits tax. It's typical of the left; ignorant to basic economic principals.

Last I checked, Walmart still offers low prices. So why is it they are posting increased profits?

Basic economic principal number one - demand drives profits, not price.

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