How smart is it for our County Commissioners to bet $90K of our money against the Wal-Mart business model? | Beaufort County Now | Does Wal-Mart know something our EDC/Committee of 100 doesn't know? | Wal-Mart business model, Beaufort Committee of 100

Coronavirus Disease 2019 (COVID-19)

How smart is it for our County Commissioners to bet $90K of our money against the Wal-Mart business model?

    Publisher's Note: This article originally appeared in the Beaufort Observer.

    Does Wal-Mart know something our EDC/Committee of 100 doesn't know?

    In a completely unscientific survey recently we learned this: Most people do not understand the implications of the relative value of the American dollar compared to other international currencies. We found only one person who understood what the current Euro crisis means to the United States and what the significance of the Chinese yuan's value has for people in Beaufort County. So we set out to correct that.

    We found an article by Mark Perry in the American that we feel does as good a job explaining this issue in ordinary, every day terms as we have found. Click here to read the article.

    Now, what effect does this have on Beaufort County?

    Well, obviously it has an impact on how much we pay for clothes and other items at Wal-Mart, or Pecheles Toyota. But what many do not understand is that the business model will determine how wise a decision being considered by the Beaufort County Commissioners call "Project Treehouse" will ultimately be. In that crony capitalism deal a majority of our Commissioners propose to give away $90,000, along with the City of Washington doing the same with $45,000 to try to keep about 90 textile jobs here in Beaufort County.

    The reason these two stories turn on each other is simple: The chance of success of any textile venture in Beaufort County is directly related to the value of the Chinese Yuan and American trade policy. That will determine whether to "jobs" here in Beaufort County can compete with the same products that could be imported from China (or South Korea, or Vietnam for that matter).

    And as the article raises, the question remains: Do we really want to save these jobs? Or would we rather be able to buy a knit shirt at Wal-Mart for $12 rather than $29.95?

    And moreover, are we going to stand by and let our County Commissioners and City Council gamble $135,000 of our money voting against the Wal-Mart business model? Or to put it more precisely, how smart is it for the County Commissioners and Washington City Council to bet $90K and $45K respectively of our money on a business model that has made Wal-Mart the largest retail company in the world? Is this not like them using our money to bet on a 10 year-old lame race horse against the winner of the Kentucky Derby?

    Think about it.


HbAD0

Latest Op-Ed & Politics

Although Twitter had not taken large-scale action against popular Antifa Twitter accounts during President Trumpís tenure, allowing Antifa more latitude to organize their efforts at creating chaos, this week, after President Biden was inaugurated, Twitter suspended some of those Antifa-related accou
Through one of Donald Trumpís final acts as president, former N.C. Republican Party chairman Robin Hayes became one of the most prominent North Carolinians to receive a presidential pardon.
Democrats have started to face backlash online after photographs emerged Thursday of National Guardsmen being forced to sleep in parking garages while also having minimal access to restrooms and other essential items.
The great gift this Christmas was that help was on the way. The vaccine was a welcome gift 10 months into the pandemic. It is no exaggeration that North Carolinaís vaccination rollout started poorly.
State health secretary Dr. Mandy Cohen updated N.C. residents on COVID-19 vaccinations Thursday, Jan. 21.

HbAD1

Get your batsuit and hang tight with the Wolfman as we enter into Gotham City for battle.
Sherry-Lynn Womack finds herself in the proverbial hot water. Her crime? Womack went up to Washington, D.C., for the rally for Donald Trump on Jan. 6.
The year ended with a record-breaking $3.1 trillion deficit and, as usual, the U.S. government managed to blow tens of billions on a myriad of wasteful projects that should provoke outrage among tax-paying Americans.
House Speaker Nancy Pelosi (D-CA) will deliver an article of impeachment against former President Donald Trump to the Senate on Monday, Senate Majority Leader Chuck Schumer announced Friday.
Protecting the Club is more important than standing on principle
Itís so easy to let jealousy trump good sense. I think thatís what a Ďwealth taxí is all about.

HbAD2

 
Back to Top