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Hillary Rodham Clinton was the first woman ever to join Wal-Mart's board. She was the First Lady of Arkansas at the time and served on the board of directors from 1986-1992. During the late 1980's and early 1990's we were encouraged to "Buy American" by Wal-Mart.
In 1996 Wal-Mart set up shop in China. It has opened 39 stores, including supercenters, "Sam's Clubs" and neighborhood markets in 15 cities around China, including Beijing, Harbin, Dalian and Shanghai. Today, more than 70 per cent of the commodities sold in Wal-Mart are made in China.
In the spring on 2000 President Bill Clinton authored a letter addressed to House members, he wrote, "China with more than a billion people is home to the largest potential market in the world… If Congress makes the right decision, our companies will be able to sell and distribute products in China made by American workers on American soil, without being forced to relocate manufacturing to China. …We will be able to export products without exporting jobs."
In September 1993 Pres. Bill Clinton had this to say right before he signed NAFTA (North America Free Trade Agreement)..."So I say this to you: Are we going to compete and win, or are we going to withdraw? Are we going to face the future with confidence that we can create tomorrow's jobs, or are we going to try against all the evidence of the last 20 years to hold on to yesterday's? Are we going to take the plain evidence of the good faith of Mexico in opening their own markets and buying more of our products and creating more of our jobs, or are we going to give in to the fears of the worst-case scenario? Are we going to pretend that we don't have the first trade agreement in history dealing seriously with labor standards, environmental standards and cleverly and clearly taking account of unforeseen consequences, or are we going to say this is the best you can do and then some?"
Something very interesting happened in November 2007 that is worth noting... Wal-Mart de México opened its first consumer bank -Banco Wal-Mart, in Toluca, Mexico near Mexico City. Additionally, had made plans to open approximately 80 more branches before Dec. 31st.
When you're watching the Democratic presidential debate tonight I want you to ask yourself a few questions...Remember Hillary has assured America SHE IS(AND NOT BILL) running for President. I can't tell nor do I believe Bill can be presidentially semi-retired in the white house ever.
1. Did the average American or the Clintons benefit the most from having a business (non-consumer) relationship with Wal-Mart for the past 22 years ?
2. How many millions (salaries, donations, campaign contributions, consulting fees, book sales, stocks, etc) have the Clintons received from their on going relationship with Wal-Mart?
3. Where is Wal-Mart's corporate headquarters located? (I've give you a hint...The state where Bill Clinton was born and home to his Presidential Library).
4. Who is the biggest private and/or non-union employer in the world?...Hint...It ain't McDonald's.