Kudlow’s Money Politics

“The Wal-Mart Posse”

If you haven’t already read this Wall Street Journal article, it’s well worth the read. As the WSJ points out, even Hillary Clinton – a former 6-year Wal-Mart board member – is piling on (despite the fact she was paid tens of thousands of dollars during her Wal-Mart tenure…)

Wal-Mart may be expanding in the People’s Republic of China, but here in capitalist America the low-price retailer has become the Democratic Party’s favorite pinata. The media like to portray this as a populist uprising against heartless big business. But what they don’t bother to disclose is that this entire get-Wal-Mart campaign is a political operation led and funded by organized labor.

We’ve done a little digging into the two most prominent anti-Wal-Mart groups, and they might as well operate out of AFL-CIO headquarters.

…this campaign isn’t about “working families,” or any of the other rhapsody-for-the-common-man union slogans. If Wal-Mart were suddenly unionized, Big Labor’s membership would double overnight and union leaders would collect an estimated $300 million in additional dues each year to sway more politicians. Short of that, their goal is to keep Wal-Mart out of cities so their union shops have less competition. That’s what the war against Wal-Mart is truly about.

Larry Kudlow — Larry Kudlow is the author of JFK and the Reagan Revolution: A Secret History of American Prosperity, written with Brian Domitrovic.

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