Reply #7: Point taken. But there is a difference. [View All]

[Skinner]

The automakers actually manufacture stuff. It is not unreasonable to be concerned about the United States losing its domestic manufacturing capability. If the big three disappear, that manufacturing capability (and those jobs) moves overseas.

Walmart, on the other hand, manufactures nothing. They just sell stuff. If Walmart ceased to exist, some other retailer would step in and sell the same stuff. And the retail jobs wouldn't move overseas because the jobs need to be here in order to sell here. You can't put a Wal-mart in China in order to sell to customers in Iowa. The store needs to be in Iowa to sell to Iowa.