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Tuesday, September 04, 2007

Griper Blade: Wal-Mart's High, High Prices

First there was poisoned dog food, then lead paint on toys, toothpaste with antifreeze in it, on and on. It's easy to blame China for these things and we should, but the US shares part of the blame. Asked about the safety crisis with chinese imports by Chris Matthews on Harball, CNBC's Erin Burnett did a little truthtelling.

A lot of people like to say, uh, scaremonger about China, right? A lot of politicians, and I know you talk about that issue all the time. I think people should be careful what they wish for on China. Ya know, if China were to revalue it's currency or China is to start making say, toys that don't have lead in them or food that isn't poisonous, their costs of production are going to go up and that means prices at Wal-Mart here in the United States are going to go up too. So, I would say China is our greatest friend right now, they're keeping prices low and they're keeping the prices for mortgages low, too.


Of course, the way she put it suggests that Erin has the priorities of a pre-ghost Ebenezer Scrooge and the value system of a serial killer. I mean, how low can you really say these prices are when they're accompanied by a casualty count? Who's out there brushing their teeth with antifreeze and thinking, "At least it's cheap?"...

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